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What kinds of goods can be compared on a production possibilities curve? A. farm goods and factory goods B. two types of farm goods C. two types of factory goods D. any two categories of goods
Weegy: D. any two categories of goods User: Which of the following is a characteristic of a traditional economy? A. It encourages innovation and change. B. It is usually based on light industrial production. C. It has a high standard of living. D. It revolves around the family unit. Weegy: D. It revolves around the family unit. User: Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they A. organize the other factors and make things happen. B. have historically been successful. C. are motivated by the desire to make a profit. D. can overcome scarcity by making new choices. Weegy: Jean-Baptiste Say argued that entrepreneurs should be called the fourth factor of production because they A. organize the other factors and make things happen. User: What is the difference between a shortage and a scarcity? A. A shortage can be temporary or long-term, but scarcity always exists. B. A shortage results from rising prices; scarcity results from falling prices. C. A shortage is a lack of all goods and services; scarcity concerns a single item. D. There is no real difference between a shortage and a scarcity. Weegy: A. A shortage can be temporary or long-term, but scarcity always exists. User: The owner of a clothing factory wants to make more winter coats. According to the law of increasing costs, what will happen next? A. The factory owner will have to give something up to make more coats. B. The cost of making winter coats will stay the same. C. The opportunity to make winter hats goes up. D. The factory owner will need fewer resources to make more coats. Weegy: The owner of a clothing factory wants to make more winter coats. According to the law of increasing costs, what will happen next? A. The factory owner will have to give something up to make more coats. (More)
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Asked 2/5/2013 3:36:30 PM
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A decision is made at the margin when each alternative considers: A. a different trade-off than the others. B. where the most costly alternative will be. C. what the all or nothing alternative will be. D. cost and benefit ranked in progressive units.
Weegy: The answer is D. cost and benefit ranked in progressive units. User: What can a decision-making grid do? A. tell you the right decision to make B. show you every possible consequence of your decision C. help you determine some of the opportunity costs for your decision D. show you every possible benefit of your decision Weegy: A decision making grid can C) help you determine some of the opportunity costs of your decision. Thanks! User: Which of the following might a government provide as part of a safety net for the people? A. general elections every four years B. unemployment compensation C. a strong military defense D. regulation of commerce Weegy: B. unemployment compensation is something a government might provide as a safety net (More)
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Asked 2/5/2013 3:48:10 PM
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