If an economy is productively efficient :
Every one is wealthy
Resources are unemployed
More of one product can only be produced if less of another product is produced .
The distribution of income is equal
Which resources are used to produce the public good?
Which one of the following term means 'to manufacture' ?
Which one of the following good can be obtained at no cost or sacrificed by any one?
An example of a public good is:
A public utility
Preservation of wet lands
A beautifully landscaped lawn
Which one of the following type goods satisfy a human want and everyone can make use of the goods and services fully ?
The resources in an economy :
Are always fixed
Can never decrease
Always increase over time
Are limited at any moment in time .
The resources finding their best use in producing products that people want refers to
In a free market
Governments plan production
Governments sometimes interfere
Prices adjust to reconcile scarcity and desires
What to produce is a question of
Efficient use of resources
Allocation of resources
Growth of resources