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Which is considered to be an economic resource by economists? (Points : 1) rent money labor wages
The answer is: Labor.
Expert answered|Koolsum|Points 1037|
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Asked 3/16/2012 9:53:18 PM
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Cite three examples of recent decisions that you made in which you weighed marginal cost and marginal benefit.
Weegy: The three examples of recent decisions that you made in which you weighed marginal cost and marginal benefit are: 1. To skip breakfast to get a few extra minutes of sleep; 2. To attend college or university; and 3. [ To make a purchase.Marginal benefits of attending class may include the acquisition of knowledge, participationin discussion, and better preparation for an upcoming examination. Marginal costs mayinclude lost opportunities for sleep, meals, or studying for other classes. In evaluating thediscussion of marginal benefits and marginal costs, be careful to watch for sunk costs offeredas a rationale for marginal decision ] (More)
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Asked 3/14/2012 1:38:35 AM
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How does self-interest help achieve society’s economic goals?
Weegy: Self interest stimulates our economy b/c everyone is different a lot of people have different interests to persue, whether that is education, work, commercial goods, [ religion and when there is a lot of interest in one particular thing by a lot of people then money is spent by a lot of people persuing that interest, the money goes into the economy. there is a wide variety of desired good because there is a wide variety of people that desire them. ] (More)
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Asked 3/14/2012 11:58:02 PM
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Why is there such a wide variety of desired goods and services in a market?
Weegy: Because monetary motivation leads every market niche to be pursued and filled by a product. (More)
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Asked 3/15/2012 12:19:01 AM
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Why is there such a wide variety of desired goods and services in a market?
Weegy: Because a Free Market system adheres the most closely to the rule of Supply and Demand. In this case, demand is created by consumers desire for goods and services, and supply is created by businesses that provide goods and services. [ Not all consumers desire the same goods and services, however; because consumers want different things, different manufacturers supply them. In a Free and Level Market, the widest variety goods and services at the cheapest cost is available. Contrast this with restricted markets, where fiat by government, or collusion by business, reduces choice and increases cost. ] (More)
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Asked 3/15/2012 12:25:36 AM
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Why is there such a wide variety of desired goods and services in a market?
Weegy: Because people can always make money by developing new and better products to compete with existing ones. (More)
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Asked 3/15/2012 12:30:16 AM
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