Question and answer
Economics may best be defined as the: (Points : 1) interaction between macro and micro considerations. social science concerned with how individuals, institutions, and society make
optimal choices under conditions of scarcity. empirical testing of value judgments through the use of logic. use of policy to refute facts and hypotheses.
Economics may best be defined as the social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.
Get an answer
Original conversation
User: Economics may best be defined as the: (Points : 1) interaction between macro and micro considerations. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. empirical testing of value judgments through the use of logic. use of policy to refute facts and hypotheses.

Weegy: Economics may best be defined as the social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.
emdjay23|Points 1535|

User: A competitive economy assumes the existence in each industry of a: (Points : 1) large number of small firms facing a large number of small buyers. few large firms facing a large number of small buyers. large number of small firms facing a few large buyers. few small firms facing a few small buyers.

Weegy: A: large number of small firms facing a large number of small buyers.
Sunshiineluv|Points 678|

User: Specialization and trade are beneficial to society because: (Points : 1) the output of economic goods may be increased with no increase in resources. scarce resources are utilized more efficiently. a division of labor lowers prices for products. all of the above are correct

Weegy: Specialization and trade are beneficial to society because: all of the above are correct.
Expert answered|businesslady|Points 1123|

User: Which will cause a demand curve to be relatively elastic? (Points : 1) There are few substitutes. The time interval considered is large. The good is considered a necessity. Purchases of the good require a small portion of consumers' budgets.



Weegy: The time interval considered large, will cause a demand curve to be relatively elastic. en.wikibooks.org/wiki/A-level_Economics/OCR/2885?
Expert answered|yumdrea|Points 30|



Question
Asked 5/28/2013 8:04:52 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
When producers maximize their profits from the production of a good or service, they are: (Points : 1) testing a hypothesis. exhibiting purposeful behavior. assuming that all other things are equal. making a tradeoff between economic efficiency and economic freedom.
Weegy: Making a tradeoff between economic efficiency and economic freedom User: he private ownership of property resources and use of prices to direct and coordinate economic activity is characteristic of: (Points : 1) a command system. a market system. communism. socialism. Weegy: Communism (More)
Question
Expert Answered
Asked 5/28/2013 7:56:27 PM
0 Answers/Comments
Which of the following is a distinguishing feature of a market system? (Points : 1) public ownership of all capital central planning widespread private ownership of capital a circular flow of goods, resources, and money
Weegy: Widespread private ownership of capital is a distinguishing feature of a market system. (More)
Question
Expert Answered
Asked 5/28/2013 7:51:11 PM
0 Answers/Comments
Economics may best be defined as the: (Points : 1) interaction between macro and micro considerations. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. empirical testing of value judgments through the use of logic. use of policy to refute facts and hypotheses.
Weegy: Economics may best be defined as the:Social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.? quizlet.com/12917652/familiarize/embedv2?&m? (More)
Question
Expert Answered
Asked 5/28/2013 8:01:36 PM
0 Answers/Comments
Economics may best be defined as the: (Points : 1) interaction between macro and micro considerations. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. empirical testing of value judgments through the use of logic. use of policy to refute facts and hypotheses.
Weegy: Economics may best be defined as the social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity. (More)
Question
Expert Answered
Asked 5/28/2013 7:58:42 PM
0 Answers/Comments
Which will cause a demand curve to be relatively elastic? (Points : 1) There are few substitutes. The time interval considered is large. The good is considered a necessity. Purchases of the good require a small portion of consumers' budgets.
Weegy: The time interval considered is large. demand curve to be relatively elastic is the The time interval considered is large Relatively elastic means that relatively small changes in price cause relatively large changes in quantity. [ In other words, quantity is very responsive to price. More specifically, the percentage change in quantity is greater than the percentage change in price. Relatively elastic demand occurs when buyers can choose from among a large number of very close substitutes-in-consumption. In an analogous way, relatively elastic supply occurs when sellers are able to produce goods by switching resources among a large number of very close substitutes-in-production. ] User: Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of a low-rise building. The Coase theorem suggests that this type of dispute between the owners of high-rise and low-rise buildings would best be resolved by: (Points : 1) the owners themselves. city government officials. a zoning ordinance restricting high-rise buildings. a government fine for the builder of the high-rise. Weegy: a zoning ordinance restricting high-rise buildings. (More)
Question
Expert Answered
Asked 5/28/2013 8:34:16 PM
0 Answers/Comments
21,114,708 questions answered
Popular Conversations
Simplify 2(x - 4) + 7(x + 2). User: Simplify 2(x - 4) + 7(x + 2). ...
Weegy: 3(4x + 6) - 9x = 12x + 18 - 9x; = 3x + 18 User: Simplify 8 - (-5) - 4(-7). Weegy: 8 - (-5) - 4(-7) = 8 + 5 ...
5/27/2015 3:01:03 PM| 4 Answers
Simplify 11(2x + 3). 11x + 5 22x + 3 22x + 33
Weegy: 11(2x + 3) = 22x + 33 User: Simplify -3xy^3 + 7xy^3 + (-xy^3) + (-3xy^3). User: Simplify 2x + x. User: ...
5/27/2015 9:20:06 AM| 3 Answers
Simplify 8(3 - 2x). User: Simplify -2[9 - (x + 7)].
Weegy: -2[9 - (x + 7)] = -2(9 - x - 7) = -2(2 - x) = 2x - 4 User: Simplify -12x + 5x. -7 -7x -17x User: Simplify ...
5/27/2015 9:22:24 AM| 3 Answers
Solve for n. -53 + n = -28 -35 -25 25 35
Weegy: -53 + n = -28, add 53 to both sides, n = 25. The answer is 25. User: Peggy had three times as many quarters ...
5/27/2015 12:09:37 PM| 3 Answers
A line has a rise of 3 and a run of 12. What is the slope? User: A ...
Weegy: a.25 User: A line has a rise of 6 and a slope of 1/20. What is the run? 30 90 120 Weegy: A line has a rise ...
5/27/2015 12:32:19 PM| 3 Answers
What is the numerator of the remainder in the division of: (x^3 ...
Weegy: 3x - 4 = 2x - 10 3x - 2x = -10 + 4 x = -6 User: Kyler is looking at the polynomial function f (x) = x^3 - ...
5/28/2015 8:17:45 AM| 3 Answers
Select all of the terms that are "like." xy2 2xy x2 -xy 2x2y User: ...
Weegy: 2xy, -xy, and xy are "like" terms. User: Simplify -4(N + 9). Weegy: -4(N + 9) = -4N - 36 User: Simplify ...
5/27/2015 9:17:54 AM| 2 Answers
Simplify (5b)(-3a). -35ab -15ab 2ab
Weegy: (5b)(-3a) = -15ab User: Simplify 9 - {x - (7 + x)}. User: What is the expression for "the difference ...
5/27/2015 9:27:00 AM| 2 Answers
Find the value of 21 - 18 ÷ 3 · 2. User: Simplify ...
Weegy: 6(-5)= -30 User: Simplify 6r · s · 4rt. 10rst 10r2st 24r2st Weegy: 6r · s · 4rt. = 24r2st. User: Evaluate ...
5/27/2015 9:35:13 AM| 2 Answers
Weegy Stuff
S
Points 759 [Total 767]| Ratings 1| Comments 749| Invitations 0|Offline
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
1
L
Points 611 [Total 1003]| Ratings 3| Comments 581| Invitations 0|Offline
S
L
P
Points 432 [Total 2909]| Ratings 1| Comments 422| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 182 [Total 202]| Ratings 0| Comments 182| Invitations 0|Offline
S
1
L
L
Points 84 [Total 8267]| Ratings 0| Comments 84| Invitations 0|Offline
S
L
1
R
Points 80 [Total 1367]| Ratings 0| Comments 80| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
Points 13 [Total 13]| Ratings 0| Comments 13| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.