--%>

Need of sacrificing activity for the other

I have a problem in economics on Need of sacrificing activity for the other. Please help me in the following question. Competitive choices outcome if: (i) The freely accessible quantity of a good surpass people's wants. (ii) Shortages of requirements surpass surpluses of the luxuries. (iii) People disavow materialism to look for spiritual explanation. (iv) Pursuing one activity needs the sacrifice of another.

Choose the accurate answer.

   Related Questions in Econometrics

  • Q : Expanding the Diminishing Returns Can

    Can someone help me in finding out the right answer from the given options. The law of diminishing returns refers to the rising: (1) Complexities encountered in expanding any activity continually. (2) Reductions in the costs from expanding big scale p

  • Q : Preferences among kinds of current goods

    The Society's production possibilities frontier would not be shifted by modifications in: (1) The production technology. (2) Quality of the resources available. (3) Amounts of resources accessible. (4) Preferences among kinds of current goods.

  • Q : Problem on Allocative Mechanisms The

    The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (

  • Q : Feudal cultures-Allocative Mechanisms

    The Feudal cultures in which the parents arrange marriages of their young children tend to rely relatively greatly on: (1) Tradition. (2) Arbitrary selection. (3) Central planning. (4) Queuing. (5) The market system. Can someone please help me in finding out the accurate

  • Q : Symptom of inefficiency I have a

    I have a problem in economics on Symptom of inefficiency. Please help me in the following question. Operating within a society's production possibilities frontier is the: (1) Method to build reserves to stimulate the investment and growth. (2) Outcome

  • Q : Queuing-Allocative Mechanisms Can

    Can someone help me in finding out the right answer from the given options. Most of the colleges allocate football and basketball tickets by encompassing students wait in long lines beginning at around 6 am on frigid fall mornings. This ineffective allocative mechanis

  • Q : Allocative Mechanisms-Absorption of

    The huge absorption of resources for the arms race among the United States and USSR from the year1945 to 1990 is an instance of inefficiencies related with the allocative method of: (1) Queuing. (2) Arbitrary selection. (3) Brute force. (4) Capitalism

  • Q : Allocative Mechanisms Allocative

    Allocative mechanisms like the market system, queuing, brute force, and random choice: (1) Depict the menu accessible to a society with infinite resources. (2) Illustrate relationships among inputs and outputs. (3) All tend to be less proficient than

  • Q : Production Possibilities Frontiers as

    I have a problem in economics on Production Possibilities Frontiers as tools. Please help me in the following question. Production possibilities frontiers are much least useful as tools to exemplify: (i) Scarcity. (ii) Opportunity costs. (iii) Feasibl

  • Q : Effect of Diminishing Returns on

    Since an economy moves all along a concave (or bowed-out) production possibilities frontier, the: (i) Cost rises for the good whose production increases. (ii) Net value of output should raise. (iii) Unemployment rate drops, however inflation creeps up