bank deposits and mutual funds. individuals have to make choices from among alternatives. 2. - things which are plentiful have relatively high prices. There is Towns must choose whether to put more of the budget into police and fire protection or into the school system. 2. More accurately, hunger and food insecurity result from a web of immensely complex and inter-affecting factors, including both food supply and distribution issues. workers in domestic firms producing the product. If we take a good like oil. The water scarcity problem in Yemen has led to series of consequences that could inevitably exacerbate the situation in Yemen. 10. Treating hunger solely as a problem of distribution can result in harmful strategies and practices that undermine crucial long-term solutions. A decrease in output would lead to a rise in profits. 2. discount rate, reserve ratio, open market operations, and term auction facility. one raises the price of the imported product involved, whereas the other one does not. (TCO1) Money is not considered to be an economic resource because (Points : 4)as such, it is not productive.money is not a free gift of nature.money is made by man.idle money balances do not earn interest income. checkable deposits and currency in circulation. Expansion, recession, trough, peak 19. The firm’s marginal revenue is equal to its marginal cost. individuals have to make choices from among alternatives. operating at the break-even point. The Federal Reserve Board. Trough, recovery, expansion, peak It is basically the gap between limitless human wants and limited available resources. 13. Offered Price: $ 21.00 Posted By: kimwood Posted on: 11/14/2015 11:48 AM Due on: 12/14/2015 . - production has to be centrally planned. As a consequence of the problem of scarcity: a. (Points : 4)When supply increases and demand increasesWhen supply decreases and demand decreasesWhen supply decreases and demand increasesWhen supply increases and demand decreases. 12. Question 12. money market transactions. As a consequence of the problem of scarcity (Points : 4) there is never enough of anything. However, this is a good that is wasted, contaminated and distributed unevenly. legal in the United States. Question 2. Economic Consequences of Water Scarcity Aishwarya Sahai , Climate Change , Development , Global Governance , Security, Trade and the Economy May 17, 2016 May 16, 2016 Aishwarya Sahai On a daily basis, not much attention is given to everyday household appliances and products, including clothes, food or … Environmental scarcity is never the sole cause of conflict, but it is often an aggravating or contributing factor. production has to be plannedby government. (TCO 2) What combination of changes in supply and demand would most likely increase the equilibrium quantity? A consequence of the economic problem of scarcity is that: A) Choices have to be made about how resources are used. Question 17. What will happen to the total amount Chuck spends on beer? 6 months ago. (TCO 9) U.S. businesses are demanders of foreign currencies because they need them to (Points : 4)produce goods and services exported to foreign countries.pay for goods and services imported from foreign countries.receive interest payments from foreign governments.receive interest payments from foreign businesses. expenditures undertaken to correct pollution. C. Choices have to be made about how resources are used. The economizing problem faced by a society is: A. production has to be planned by government. production has to be planned by government. Best Answer . things which are plentiful have relatively high prices. production has to be planned by government. What are the Connections Between Food Insecurity and Health? is legal tender, is generally acceptable in exchange for goods or services, and is backed by the gold and silver of the federal government. is relatively scarce, is legal tender, and is generally acceptable in exchange for goods and services. Graph Description(Points : 4)Shift aggregate demand from AD2 to AD1Shift aggregate demand from AD2 to AD3Move the economy from Point B downward along AD2Move the economy from Point B upward along AD2. As a consequence of the problem of scarcity. Scarcity is the state of unavailability of certain goods in a society. Question 12. 2. facilitates trade, is legal tender, and permits the use of credit cards and near-monies. production has to be planned by government. 8. inflated. U.S. government sending aid to natural disaster victims in Asia things which are plentiful have relatively high prices. The time interval considered is long. D) The … As a consequence of the problem of scarcity: A. inflow of goods and services. (TCO 7) The most frequently used monetary device for achieving price stability is: (Points : 4)open market operations.the discount rate.the reserve ratio.the prime interest rate. C) The production of goods and services must be controlled by the government. Federal Advisory Council. B) There is never too much of any good or service produced. Therefore people cannot have all the goods and services they want. (TCO 6) Refer to the figure. Office of Management and Budget foreign government administers the former, whereas the domestic government administers the latter. Similarly, addressing only food supply (or lack there of: scarcity) is also only a partial piece of the equation. (TCO 2) Which is consistent with the law of demand? Conversely, headquarters’ staffs are too bloated, making it more probable that deception strategies would leak out. 2. However, there are problems of specialisation. The Problem of Choice. decrease aggregate demand in the U.S. price level falls, but the rate of inflation does not. When demand decreases and supply decreases C) The production of goods and services must be controlled by the government. bank deposits of households and business firms. Question 11. Offered Price: $ 27.00 Posted By: dr.tony Posted on: 06/26/2016 02:56 AM Due on: 06/26/2016 . Offered Price: $ 21.00 Posted By: kimwood Posted on: 11/14/2015 11:48 AM Due on: 12/14/2015 . Decreases in taxes and government spending. treated the same as “discouraged” workers who are not actively seeking employment. Question 2. All economic systems must determine which goods and services will be available for public use and which for private use. (TCO 7) The purchase and sale of government securities by the Fed is called (Points : 4)federal funds market.open market operations.money market transactions.term auction facility. Fifty-eight percent of households reported having at least one member with high blood pressure and 33 percent had at least one member with diabetes. production has to be planned by government. TASK 1. Question 7. establishment of the Federal Reserve System in 1913. things which are plentiful have relatively high prices. 11. Employment: 18. 9. b) Describe how changes in the Fed’s major policy tools leads to [1] expansionary and [2] restrictive or contractionay monetary policies. incomes policy. As a consequence of the problem of scarcity (Points : 4) there is never enough ofanything. (TCO 7) How many members can serve on the Board of Governors of the Federal Reserve System? These have to be imported which increases the balance of payments difficulties. A consequence of the economic problem of scarcity is that A. (TCO 1) As a consequence of the problem of scarcity (Points : 4) there is never enough of anything. production has to be planned by government. The World Trade Organization Decrease in taxes and increase in government spending (TCO 8) Which country is the United States’ largest trading partner in terms of volume of trade? budget lag. Question 9. a firm cannot vary its output level. individuals have to make choices from among alternatives. PAGE 1: 1. Question 11. consumer price index, inflation, and unemployment rate. (TCO 1) As a consequence of the problem of scarcity (Points : 4) there is never enough of anything. (TCO 8) In a two-nation world, comparative advantage means that one nation can produce (Points : 4)a product with fewer inputs than the other nation.a product at lower average cost than the other nation.a product at a lower domestic opportunity cost than the other nation.more of a product than the other nation. It is also important for livestock. To achieve a more equitable distribution of income in the society B. Freedom of enterprise and choice. Government ownership of most factors of production 15. fiscal policy. D) The … fixed exchange rates. production has to be planned by government. (TCO 9) Remittances of Mexican workers in the U.S. to their families in Mexico are included in the U.S. balance of payments as a debit in the section on (Points : 4)trade in services.net international transfers.financial accounts.capital accounts. (TCO 4) Refer to the diagram. (TCO 2) The elasticity of supply for a product will be 2 if: (Points : 4)A 1 percent decrease in the price causes a 0.2 percent decrease in quantity suppliedA 2 percent decrease in price causes a 1 percent decrease in quantity suppliedA 1 percent decrease in price causes a 2 percent decrease in quantity suppliedA 2 percent decrease in price causes a 2 percent decrease in quantity supplied. an amount less than GDP for that year. PAGE 1: 1. As a result, they must choose some things and give up others. things which are plentiful have relatively high prices. Families must decide whether to spend their money on a new car or a fancy vacation. the rate of inflation falls, but the price level does not. production has to be planned by government. 2. It is difficult to have a thriving economy when fresh water is not easily accessible for industrial, farming, and individual use. the calculation of NDP for that year. employment policy. empirically. Question 10. counted as unemployed because they are not working full-time. (TCO 6) The time which elapses between the beginning of a recession or an inflationary episode and the identification of the macroeconomic problem is referred to as a(n) (Points : 4)budget lag.recognition lag.operational lag.administrative lag. Two major causes of scarcity: 1. individuals have to make choices from among alternatives. ← What is the value of a share of preferred stock that pays, Strayer MKT 100 Week 8 Discussion (2014) →. 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