Which of the following is a land resource?              A farmer        An oil-drilling rig        A machine for detecting earthquakes        Natural gas

Q: With countless people competing for the same resources, how do we determine who gets the resources?

A: Economics(e) is the study of how limited-resources with alternative-uses are allocated to different…

Q: The following table shows consumption (C), investment spending (I), and government purchases (G),…

A: Assume that, the income tax rate is 25%.  Base consumption is $100 (i.e., the consumption at zero…

Q: What types of farming occur near Mississauga, Ontario? Why?

A: Cash crops like  oilseed and grain farming –– fruits and vegetables,  soybeans and corn – are the…

Q: Discuss resource market.

A: A resource market is a market where a business can proceed to buy resources to deliver labor and…

Q: Why is value adding important in agriculture? Why is inter-firm relationship important?

A: When the value of a product is increased by improving its quality, number of features, and making it…

Q: In 1981 the supply curve for wheat was approximátely as follows: Supply: Qs = 180o + 240P where…

A: Since you have asked multiple subparts, we would be answering the first three for you. To get the…

Q: An industry consists of three firms with sales of $285,000, $615,000, and $310,000. a. Calculate the…

A: HHI in economics refers to the Herfindahl-Hirschman Index. It is a commonly used method of market…

Q: Is real estate BEST viewed as a commodity or a resource? Defend your position on why?

A: According to me, real estate is viewed as a resource not as a commodity. This is because a commodity…

Q: Question 17.17.   Which of the following is a land resource?  A farmer        An oil-drilling rig…

A: Resources are used in the process of production, which can be of natural or machinery, labor etc.…

Q: What are examples of works not protected by copyright?

A: Concept Copyright is a form of intellectual property that safeguards original works of authorship…

Q: What is abandonment?

A: Abandonment is an act of leaving something in arrears or ending something all in all.

Q: Alma borrowed some money from a friend two hundred and seventy-five days ago at a simple interest of…

A: Introduction: Simple interest is calculated on the principal part of a loan or the original sum.…

Q: agricultural in north korea

A: Farming in North Korea is done on the flatlands of the four West Coast provinces. Intensive…

Q: Why are the businesses required to keep the production costs low?

A: Any businesses have the motive of maximizing profits, and we obtain profit by deducting total costs…

Q: What is the biggest industry today.

A: An industry is known as the branch of economy that produces raw material, goods, or other services…

Q: Why is agrarian society important?

A: An agrarian society is one in which the Economy focuses primarily on agriculture and cultivation of…

Q: We talked about many reasons why agriculture is so important. Explain why it is so important, and…

A: Agriculture is both the science and art of growing plants and animals for the purpose of providing…

Q: You overpopulate the land and destroy everything

A: According to a comprehensive new evaluation of the quantity of life on Earth, wildlife populations…

Q: Do you think companies are concerned with protecting the environment when they choose to reduce…

A: Environmentally friendly businesses provide a lot of advantages. The company can benefit the…

Q: Goods produced on small scale have

A: Formula to calculate elasticity of supply:- ES=∆QS∆P×PQS Where; Q= Quantity supplied P= Price

Q: 4. Specialization and trade When a country has a comparative advantage in the production of a good,…

A: If we tabulate the given information, then we get    Grain (millions of pound) Sugar (millions of…

Q: What is a resource?     the result of choices made by business firms     the result of scarcity…

A: In the context of economies, scarcity refers to the constrained supply of economic resources.…