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hichkok12 [17]
3 years ago
11

The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production pote

ntial an economy must ______. Multiple choice question. use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being use its resources in the most costly way to produce the specific mix of goods that maximizes people's well-being use its resources to maximize profits at any cost use the most resources to get the most goods and services for the most people
Business
1 answer:
Harman [31]3 years ago
3 0

Answer:

use its resources in the lease costly way to produce the specific mix of goods that maximizes people's well-being is the correct answer.

Explanation:

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The president of a poor country has announced that he will implement the following measures that he claims are designed to incre
Yanka [14]

Answer:

C : 3

Explanation:

Specifically, the following measures will have a positive effect on growth:

1: Reducing corruption in the legal system.

2: Encouraging trade with neighbouring countries, and

3: Increasing the fraction of GDP devoted to consumption.

7 0
4 years ago
If an industry consisting of two firms produces a total of 12 units, the market price is $10. If 13 units are produced, the pric
mixer [17]

Answer:

d) $3: $6

Explanation:

The computation is shown below:

Before the one firm cheats, the firm revenue is

= $10 × $6

= $60

Before the one firm cheats, the firm revenue is

= $9 × $7

= $63

No cheating firm's revenue

= $9 × $6

= $54

Now in case of cheating, it is

= $63 - $60

= $3

And, in the case of non cheating, it is

= $60 - $54

= $6

7 0
4 years ago
In 1985, the exchange rate between the U.S. dollar and the Japanese yen was $1 = 262 yen; in 2003, the rate was $1 = 110 yen. Wh
Minchanka [31]

Answer:

Japan exported much more to the United States during this period than it imported from the United States.

Explanation:

When a country's trade balance is positive, its currency tends to appreciate since foreign buyers want to purchase more domestic goods.

Since Japan has been consistently exporting more goods to the US than what they import from the US, American businesses need to buy more Japanese yens, than the amount of US dollars that Japanese businesses need. Therefore an increase in the demand of Japanese yens will need into a price increase of that currency.

8 0
3 years ago
Warm up: If you work 40 hours a week (full time), should you be able to live without food
notsponge [240]
The maximum gross monthly income is 130 percent of the federal poverty level, and the maximum net monthly income is 100 percent of the federal poverty level. For instance, if your household only consists of one person, then the gross monthly income to be eligible for SNAP is $1,287 (net $990).
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3 years ago
Over the last half century, the percentage of the U.S. labor force working in manufacturing thas
Semmy [17]
B definitely b because why not
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4 years ago
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