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ikadub [295]
3 years ago
14

Allocative efficiency means that ___________.

Business
1 answer:
frutty [35]3 years ago
6 0

Answer:

D. society’s scarce resources are used to produce products that align with consumer preferences

Explanation:

Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want  and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.

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Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As aresult, smokers who live in Wyoming start pu
fomenos

Answer:

a. People respond to incentives.

Explanation:

Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.

Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.

This illustrates or reflect the fact that people respond to incentives.

6 0
4 years ago
Exports of tin and silver were the mainstays of the _______ economy for many decades. However, today, as the market for tin has
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<span>The answer is the option B. Bolivian. Bolivia has historically been a single-product exporter country. In the past they exported tin and later silver. They continue having a mining based economy. Nowadays, their main commodities are gas and zinc. The market of tin collapsed in the '80s. Gold production and exports have increased enormously over the the past decade. Summarizing, by far the most important export product of Bolivia is gas, and they have increased the exports of other mining products like zinc, gold, silver. Other metals include antimony, iron and tungsten.</span>
8 0
3 years ago
Read 2 more answers
1. Your older sister, Anna is trying to figure out how she's going to pay for college in the
Elis [28]
1.) student loans due to the fact that they are more secure than credit card debt and maybe have long periods before they have to be paid off.
2.) chad has a maximum amount of money he can use before it has to be paid back. Unfortunately chads maximum was so low he couldn’t even buy popcorn, or he already maxed out his card.
6 0
3 years ago
Machines, materials, and money are all considered to be:
Leto [7]
Machines, materials and money are all considered to be factors of production. The correct option among all the options given in the question is option "D". For any kind of production on a large scale to be successful, money is highly important. With that money the materials needed for production can be bought and machines will help in large scale production. So all the three are interconnected. 
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3 years ago
when property other than cash is invested in a partnership, at what amount should the noncash property be credited to the contri
Alex787 [66]

Answer:

It should be credited at the amount of the fair value at the date when the property is invested in a partnership.

Explanation:

The non cash property should be credited at the amount of its fair value on the date of the investment, so if someone wants to invest their building in a partnership it will be recognized at the fair value decided between the investor and the partnership owners at the date at which it is invested.

3 0
3 years ago
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