Limitations of economic resources

Hey friends please give your opinion for the problem of economic resources that is given below:

Resources (factors of production) do NOT comprise: (i) entrepreneurship. (ii) competition. (iii) land. (iv) capital. (v) labor.

Can anyone help me to solve this problem.

View Complete Question

Related Questions in Public Economics

Q : Charecteristics of market efficiency

Explain the characteristics of market efficiency?

Q : Issues of normative economic policy

Economic policy matters are usually: (w) simply resolved by positive analysis alone. (x) normative, but workable solutions based on positive analysis. (y) either strictly macroeconomic, or strictly microeconomic. (z) better resolved using common sense

Q : Democratic governments exercise partial

The democratic governments exercise partial control on markets primarily through: (1) Marketing resources it owns. (2) Intimidation. (3) Negotiation. (4) Taxes and regulations. Can someone please help me in finding

Q : Define cut costs without reducing the

A firm which could cut costs without reducing the value of its output is experiencing as: (i) Allocative inefficiency. (ii) Productive inefficiency. (iii) Distributive inefficiency. (iv) Technological decline. Can

Q : Achieving economic welfare For any

For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated

Q : Better off with less in economic

Anything of that people would be better off with less is which from given issue: (1) economic surplus, (2) external cost, (3) economic bad and (4) adverse consequence. Hello guys I need your advice. Please recommend some idea for a

Q : Examples of scientifically positive

Illustrations of scientifically positive statements would comprise the assertion that: (i) executing jaywalkers and atheists will enhance the morality of average Americans. (ii) racial prejudice and violent criminal acts are symptoms of dysfunctional

Q : Case of economic capital involve in

When Farmer MacDonald decides to plant a field complete of rutabagas, the economic capital involved within such crop production process would consist of the: (i) tractor he rides. (ii) land he farms. (iii) physical effort he puts into farming. (iv) money invested from

Q : Mixed economy of a market system

Whenever compared to a mixed economy which relies primarily on the market system, the society which relies relatively greatly on brute force, queuing, and arbitrary selection tends to experience: (1) Powerful reducing returns. (2) Opportunity costs to drop. (3) Fast t

Q : Illustrates a case of Scarcity and

Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity.

Discover Q & A

Leading Solution Library

Avail More Than 1426922 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1937687
Asked

3,689

Active Tutors

1426922

Questions
Answered

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

Submit Assignment