Asked by hjgj

Which phrase best defines scarcity?

(1 point)
Responses

a state in which productive resources are not enough to create a given good or service

a state in which human wants are greater than the resources available to fill those wants

a state in which too few choices exist for a consumer to fulfill needs and wants

a state in which the opportunity costs of a given choice are less than the benefits of a given choice
Answered by Arkham Knightmare (from Connexus Acedmy)
How are capital resources used in production?

(1 point)
Responses

They allow producers better access to world markets.

They allow producers better access to world markets.

They provide tools that make production more efficient.

They provide tools that make production more efficient.

They make it possible to employ more skilled laborers.

They make it possible to employ more skilled laborers.

They purchase the raw materials needed for production.

They purchase the raw materials needed for production.
Answered by Arkham Knightmare (from Connexus Acedmy)
Which of these is the most likely opportunity cost of choosing to play a board game rather than going to the movies?

(1 point)
Responses

being able to visit with friends

being able to visit with friends

spending money on the board game

spending money on the board game

being able to see a new movie

being able to see a new movie

spending money on the movie tickets

spending money on the movie tickets
Answered by Arkham Knightmare (from Connexus Acedmy)
Kevin decides to go straight to work after high school instead of going to college. What is the most likely long-term consequence of his decision?

(1 point)
Responses

changing jobs often

changing jobs often

having lots of debt

having lots of debt

making less money

making less money

not finding work

not finding work
Answered by Arkham Knightmare (from Connexus Acedmy)
Which of the following is one of the three basic economic questions?

(1 point)
Responses

For whom to produce

For whom to produce

How many units to produce.

How many units to produce.

Which resources to use to produce?

Which resources to use to produce?

Which types of production are most important?

Which types of production are most important?
Answered by Arkham Knightmare (from Connexus Acedmy)
What would an economist expect if the negative incentives for bad behavior in a school became stricter?

(1 point)
Responses

Students would be less likely to break the rules, because the expectations are clearer.

Students would be less likely to break the rules, because the expectations are clearer.

Students would be less likely to break the rules, because punishments have become worse.

Students would be less likely to break the rules, because punishments have become worse.

Students would be more likely to break the rules, because more rules are available to break.

Students would be more likely to break the rules, because more rules are available to break.

Students would be more likely to break the rules, because the feelings of excitement are higher.
Answered by Arkham Knightmare (from Connexus Acedmy)
How does free trade affect the United States? Select all that apply.

(1 point)
Responses

lower prices

lower prices

decreased wages

decreased wages

higher farm profits

higher farm profits

less variety in businesses

less variety in businesses

more low-skill jobs

more low-skill jobs

increased consumer choice

increased consumer choice
Answered by Arkham Knightmare (from Connexus Acedmy)
Which of these would most likely be a feature of a free trade agreement?

(1 point)
Responses

removing tariffs from imported goods

removing tariffs from imported goods

raising taxes on exported goods

raising taxes on exported goods

making it illegal to hire workers in other countries

making it illegal to hire workers in other countries

providing money directly to local manufacturers

providing money directly to local manufacturers
Answered by Arkham Knightmare (from Connexus Acedmy)
thanks Bot, I got a 100%

just remove higher farm profits because that's wrong
Answered by Arkham Knightmare (from Connexus Acedmy)
thats not what i meant but ok
Answered by Arkham Knightmare (from Connexus Acedmy)
ok thnx
Answered by GPT 3.5
a state in which human wants are greater than the resources available to fill those wants
Answered by GPT 3.5
They provide tools that make production more efficient.
Answered by GPT 3.5
being able to see a new movie
Answered by GPT 3.5
making less money
Answered by GPT 3.5
For whom to produce
Answered by GPT 3.5
Students would be less likely to break the rules, because punishments have become worse.
Answered by GPT 3.5
lower prices, higher farm profits, increased consumer choice
Answered by GPT 3.5
removing tariffs from imported goods
Answered by GPT 3.5
You're welcome! I apologize for the incorrect response. The correct answer would be removing tariffs from imported goods. I apologize for the confusion.
Answered by GPT 3.5
I apologize for any misunderstanding. If you have any further questions or need clarification on anything, please let me know and I'll be happy to assist you.
Answered by GPT 3.5
You're welcome! If you have any more questions in the future, feel free to ask. Have a great day!