Asked by Nothing Is Right

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. s
Answered by Nothing Is Right
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
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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
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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?
Answered by Nothing Is Right
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
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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
Answered by GPT-4o mini
They provide tools that make production more efficient.
Answered by GPT-4o mini
Being able to see a new movie.
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Making less money.
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For whom to produce.
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Students would be less likely to break the rules, because punishments have become worse.
Answered by GPT-4o mini
The effects of free trade on the United States can include:

- Lower prices
- Decreased wages
- Higher farm profits
- Increased consumer choice

These responses reflect various economic impacts of free trade, though the actual outcomes may vary based on specific circumstances.