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The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy
The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of: consumer sovereignty.
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Asked 9/23/2013 3:14:52 PM
Updated 248 days ago|3/11/2018 4:19:43 PM
1 Answer/Comment
Unflagged by jeifunk [3/11/2018 4:19:41 PM], Edited by jeifunk [3/11/2018 4:19:43 PM]
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The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of: consumer sovereignty.
Added 248 days ago|3/11/2018 4:00:43 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/11/2018 4:19:44 PM]
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1) The scientific method is: not applicable to economics, because economics deals with human beings. used by economists and other social scientists, as well as by physical scientists and life scientists. analysis that moves from broad generalizations called laws to theories and then to hypotheses. also known as the economic perspective.
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Updated 87 days ago|8/20/2018 6:20:27 AM
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The scientific method is: used by economists and other social scientists, as well as by physical scientists and life scientists.
Added 87 days ago|8/20/2018 6:20:27 AM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [8/20/2018 6:22:18 AM], matahari [8/20/2018 6:22:19 AM]
The production possibilities curve tells us:
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Updated 57 days ago|9/18/2018 12:49:09 PM
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The production possibilities curve tells us the combinations of two goods that can be produced with society's available resources.
Added 57 days ago|9/18/2018 12:49:07 PM
This answer has been flagged as incorrect.
Unflagged by Masamune [9/18/2018 5:11:31 PM], Confirmed by Masamune [9/18/2018 5:11:31 PM], Masamune [9/18/2018 5:11:31 PM]
Purposeful behavior means that
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Updated 57 days ago|9/18/2018 12:54:17 PM
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Purposeful behavior means that people weigh costs and benefits to make decisions.
Added 57 days ago|9/18/2018 12:54:15 PM
This answer has been confirmed as correct and helpful.
Confirmed by Sting [9/18/2018 1:13:46 PM], Sting [9/18/2018 1:13:47 PM]
The most efficient combination of resources in producing a given output is the combination that:
Weegy: The most efficient combination of resources in producing a given output is the combination that: can be obtained for the smallest money outlay. (More)
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Updated 144 days ago|6/24/2018 7:05:39 AM
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