Which of the following most accurately states the economic significance of exchange? a. physical goods have value because they exist; exchange can neither increase nor decrease their value. b. production of physical goods creates value; exchange merely redistributes this value. c. exchange creates value by moving goods from parties who value them less to parties who value them more. d. exchange reduces value since it consumes resources without adding to the physical supply of goods.
Answers: 1
Business, 21.06.2019 17:30, Derp5013
Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration
Answers: 2
Business, 21.06.2019 18:20, jrjordans13ox06qs
When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.
Answers: 2
Business, 22.06.2019 16:50, mariposa91
In terms of the "great wheel of science", statistics are central to the research process (a) only between the hypothesis phase and the observation phase (b) only between the observation phase and the empirical generalization phase (c) only between the theory phase and the hypothesis phase (d) only between the empirical generalization phase and the theory phase
Answers: 1
Business, 23.06.2019 00:00, nassercruz04
Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
Answers: 2
Which of the following most accurately states the economic significance of exchange? a. physical go...
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