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Stores running out of a certain toy in the month of December is an example of: a. scarcity c. human capital b. physical capital d. shortage
Weegy: Stores running out of a certain toy in the month of December is an example of D. shortage (More)
Question
Expert Answered
Updated 7/3/2014 9:57:09 PM
0 Answers/Comments
physical objects that can be exchanged
Weegy: physical objects that can be exchanged trade off User: land, labor, and capital User: The resources used to make all goods and services are the a. production possibilities. c. production trade-offs. b. factors of production. d. opportunity costs Weegy: The resources used to make all goods and services are the a. production possibilities. User: Theoretically, if a person or a country had an unlimited amount of a resource, then that person or country would: a. have to place limits on its use. c. run out of it. b. not have to make a choice on how to use it. d. have to worry about supply Weegy: Theoretically, if a person or a country had an unlimited amount of a resource, then that person or country would not have to make a choice on how to use it. Letter B. (More)
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Expert Answered
Asked 7/16/2013 9:14:58 AM
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The situation in which some necessities have little value while some non-necessities have a much higher value is known as a. paradox of value. c. trade-offs. b. opportunity cost. d. economic interdependence
Weegy: a. paradox of value. User: When there is scarcity and choice there is/are _______. a. no options. c. risk. b. costs. d. opportunity (More)
Question
Not Answered
Updated 33 days ago|6/19/2016 1:16:21 PM
1 Answer/Comment
When there is scarcity and choice, there are costs.
Added 33 days ago|6/19/2016 1:16:21 PM
all the possible alternatives that are rejected when a choice is made User: One example of thinking at the margin is a. determining whether it is better to spend your savings on a new CD player or on a television. b. deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time. c. putting all of your money in a savings account because the interest rates are so high. d. deciding to buy a car you don’t really like because it is significantly less ...
Weegy: One example of thinking of the margin is B. deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time. User: The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which_______. a. are scarce. c. cannot be produced. b. have utility. d. are efficient. (More)
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Not Answered
Updated 4/29/2015 2:27:19 PM
2 Answers/Comments
Trade-offs: all the possible alternatives that are rejected when a choice is made.

Added 4/14/2015 1:48:06 PM
The production-possibilities frontier separates outcomes that are possible for an individual (or a group) to produce from those which: Cannot be produced.

Added 4/29/2015 2:27:19 PM
Any resources that are made by humans and used to create other goods and services are called a. services. c. capital. b. production. d. labor. User: When there is scarcity and choice there is/are _______. a. no options. c. risk. b. costs. d. opportunity. User: Opportunity cost is the least desirable alternative given up as a result of a decision.
Weegy: Answer is Opportunity Cost. User: A company that makes baseball caps is underutilizing its resources. What does this mean? a. The company is running more efficiently than its competitors. b. The company is paying its employees less than it should be. c. The company is making caps when it could be making t-shirts instead. d. The company is producing fewer caps than it could be. Weegy: A company that makes baseball caps is underutilizing its resources. What does this mean? Answer: D. The company is producing fewer caps than it could be. [ ] User: Economists use graphs to analyze the choices and trade-offs that people make in a society. User: When manufactured goods are used to produce other goods and services, they are called capital goods. User: The use of __________ has increasingly replaced human and mechanical labor in production lines in recent times. a. animals c. nuclear power b. solar energy d. computers Weegy: d computers (More)
Question
Updated 3/17/2014 2:17:58 AM
4 Answers/Comments
Any resources that are made by humans and used to create other goods and services are called CAPITAL.
Added 3/17/2014 2:14:59 AM
This answer has been confirmed as correct, not copied, and helpful.
When there is scarcity and choice there is/are COST.
Added 3/17/2014 2:15:30 AM
This answer has been confirmed as correct, not copied, and helpful.
TRUE. Opportunity cost is the least desirable alternative given up as a result of a decision.
Added 3/17/2014 2:16:16 AM
This answer has been confirmed as correct, not copied, and helpful.
TRUE. When manufactured goods are used to produce other goods and services, they are called capital goods.
Added 3/17/2014 2:17:58 AM
This answer has been confirmed as correct, not copied, and helpful.
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