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 : Explain economics as the study of

Economics is generally explained as the study of how societies and individuals: (1) make options about work and the division of labor, (2) try to maximize their financial wealth and incomes, (3) answer the fundamental economic questions of "Why, Where, and When", (4)

Q : Technological advance in costs All else

All else equivalent, when the output of one good raises, the output of other goods: (1) Should fall in an underemployed economy. (2) May rise as well when society begins on its PPF. (3) Will drop in an efficient and completely employed economy. (4) Essentially experie

Q : Punishment must fir to crime by Jeremy

In words of Jeremy Bentham, punishment for a particular committing a wrong against society must be: (i) decided by a jury of the person’s peers. (ii) depends on the individual’s intentions. (iii) depends on the criminal’s position in

Q : Limitation of economic capital -

Hey friends please give your opinion for the problem of economic capital that is given below: Illustrations of economic capital do NOT include: (w) buildings. (x) tools. (y) machinery. (z) stocks and bonds.

Q : Explain about the Invisible hand of

The “invisible hand” of Adam Smith explained: (w) a large function for the government. (x) altruist motives within civilized society. (y) technological advances promoted through monopolies. (z) self correcting market mecha

Q : Economist-Conclusion for redistribution

I want a good answer on the topic of normative economics. Please give me your opinion that if wealth and income both were redistributed by the richest one to the poorest five percent of the population, conclusion of an economist would be that: (w) soc

Q : Resources and Factors of Production Of

Of the given words, the term most synonymous along with the term “factor of production” is: (i) technology. (ii) innovation. (iii) entrepreneur. (iv) capital. (v) resource. Please guys help to solve thi

Q : Example of economic costs regarding the

The economic costs of attending college to receive a bachelor’s degree would not comprise: (i) Potential wages earned through incoming work force right after high school. (ii) Potentially higher standards of living throughout the four years or therefore spent st

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 : Example of Relative Price Suppose a

Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

Discover Q & A

Leading Solution Library

Avail More Than 1432239 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940774
Asked

3,689

Active Tutors

1432239

Questions
Answered

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

Submit Assignment