Q&A: I need some help with these question on Economics?
28/03/2012 By Leave a Comment
Question by Lillian C: I need some help with these question on Economics?
1. What do economists mean when they state that a good is scarce?
a. There is a shortage or insufficient supply of the good at the existing price.
b. It is impossible to expand the availability of the good.
c. People will want to buy more of the good regardless of price.
d. The amount of the good that people would like to have exceeds the supply that is freely available from nature.
2. Economic choice and competitive behavior are the result of
a. basic human greed.
b. poverty.
c. private ownership of resources.
d. scarcity.
3. Which of the following sayings best reflects the concept of opportunity cost?
a. “You can’t teach an old dog new ...>> The Post Continues Here! <<-
Q&A: Why do some Democrats keep referring to BP as “British Petroleum”?
24/01/2012 By
Question by For Your Information: Why do some Democrats keep referring to BP as “British Petroleum”?
I know the president also did this.
Is is that hard to understand that BP is a MULTI-NATIONAL corporation now. It merged with Amoco in 2000.
Are Democrats ignorant or do they just not care??
http://news.yahoo.com/s/ap/20100708/ap_on_el_se/us_kentucky_senate
Conway, who has run a low-key campaign so far, came out blasting Paul for the past comments on BP and for expressing misgivings about applying a portion of the Civil Rights Act to private businesses.
“Accountability is not going on national TV and saying that it’s un-American to go after British Petroleum,” said Conway, the state’s at ...>> The Post Continues Here! <<-
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