Desires of people when less of a good is freely obtainable

While less of a good is freely obtainable than people desire, the good is: (1) in short supply. (2) a free good. (3) a luxury good. (4) scarce. (5) a requirement.

Hello guys I want your advice. Please recommend some views for above economics problems.

View Complete Question

Related Questions in Public Economics

Q : Nonexistence of economic problems I

I need a good answer on the topic of Economic problems. Please give me your suggestion that, when would be Economic problems nonexistent: (v) The world population stopped rising, (w) capitalism were replaced and abolished along with socialism, (x) all human wishe

Q : Occurrence Net economic investment for

I need a good respond on the topic of Economic problems. So, please give me your suggestion that for the economy Net economic investment as an entire occurs while: (i) Romance novelist Portia Palpitates buys a $4 r

Q : Earn zero profit in long run by

Which of the given statements is right?: w) Economic profit takes within account all costs involved within producing a product. x) Accounting profit is not relevant within preparing the firm's financial statement. y) Economic profit all the time exceeds accounting pro

Q : Define positive technical statement on

A positive technical statement on the subject of college life is which: (1) college deans are more moral than department chairs. (2) elite colleges frequently admit the wrong students. (3) history professors and accounting professors deserve similar pay. (4) on averag

Q : Define much of a good as need at zero

I need a good answer on the topic of free good in economic. Please give me your suggestion that when all people can consume as much of a good as they desire at zero cost, this is a: (w) welfare good. (x) bonus for buying something else. (y) surplus su

Q : Associates facts in Economics of

Hey friends please give your opinion for the problem of Scientific Economic work that is given below: Scientific tries to relate facts to produce understanding of how things work are termed as: (w) mathematics. (x) theories or mode

Q : Criterion for distributing The

The requirements criterion for distributing income entails: (1) Government costless offering all goods required for survival. (2) High administrative costs as determining someone else’s wants are difficult. (3) Dividing the national income unifo

Q : Production in economically efficient

Production based upon economically efficient mixtures of resources: (w) Maximizes production costs for a specified output. (x) Minimizes output from a specified cost. (y) Maximizes output or/and minimizes costs. (z) is unlikely since resources are unl

Q : Problem on violating someone rights Can

Can someone help me in finding out the right answer from the given options. Fee simple property rights do not permit private owners to: (1) Deny utilization of their goods to others. (2) Trade such rights with other people. (3) Employ goods in manner

Q : Uses of a theory in economic analysis

To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

Discover Q & A

Leading Solution Library

Avail More Than 1459675 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945316
Asked

3,689

Active Tutors

1459675

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment