Trending Questions. actions or activities that one person performs for another. labor. 3 4 5. production possibilities graph is a graph that shows alternative ways to use an economy's resources. 6 2/3 = 15 / (20/3) = 15*3/20 = 9/4 = 2 ? representation of alternative ways to use an economy's resources. 23. paid effort that people devote to a task. _______ contain close to 70% of all the fresh water on Earth. 0 0. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. Courses. In economics, the consumption function describes a relationship between consumption and disposable income. the tendency of suppliers to offer more of a good at a higher price, a chart that lists how much of a good a single supplier will offer at various prices. Join. In a market economy, resources are distributed based on the profitable interactions between producers and consumers. An economy’s factors of production are scarce; they cannot produce an unlimited quantity of goods and services. representation of the possible ways an economy could use resources Production possiblilities graph is a representation o the possible ways an economy could use resources. When manufactured goods are used to produce other goods and services, they are called capital goods. Theserepresentations are a heterogeneous group comprising anything fromthermometer readings and flow charts to verbal descriptions,photographs, X-ray pictures, digital imagery, equations, models, andtheories. Wind erosion is most common in flat, bare areas ... Weegy: The following would be considered a suspicious purchasing behavior is a customer who refuses similar products ... Weegy: The commission form of city government merges executive and legislative functions in a single group of ... Weegy: A triangle is one of the basic shapes in geometry: a polygon with three corners or vertices and three sides or ... Weegy: For non-Stafford Act incidents the department or agency with primary legal authority activates the appropriate ... Weegy: 15 ? underutilization. Other models are designed to focus on … Term . 6 2/3 = 15 / (20/3) = 15*3/20 = 9/4 = 2 ? production possibility frontier. of the alternative combinations of goods and services an economy can produce. Join. Top Answer. Definition . physical objects that can be exchanged. physical objects that can be exchanged. services. Trending Questions. Definition . See Answer. Favorite Answer. Join Yahoo Answers and get 100 points today. a graph that shows alternative way to use an economy's resources? The production of more goods adds to an economy’s GDP irrespective of the environmental damage suffered because of it. Get your answers by asking now. Wind erosion is most common in flat, bare areas ... Weegy: The following would be considered a suspicious purchasing behavior is a customer who refuses similar products ... Weegy: The commission form of city government merges executive and legislative functions in a single group of ... Weegy: A triangle is one of the basic shapes in geometry: a polygon with three corners or vertices and three sides or ... Weegy: For non-Stafford Act incidents the department or agency with primary legal authority activates the appropriate ... Weegy: 15 ? In the last decades, energy system and market modeling has gained an increasingly important role within the policy process; i.e., forecasts based on models like the IEA World Energy Outlook using the World Energy Model or the Energy Trends of the European Commission based on the PRIMES model (European Commission, 2013) are important resources for economic and political decision makers. If a country is not blessed with the factors of production, it must find other ways to spur growth. Source(s): representation ways economy resources is: https://biturl.im/swvqC. How do these representations work? 24. In the diagram above, the straight line in the middle is the steady growth line. 0 0. TRUE. labor. The tendency of suppliers to offer more of a good at a higher price is called the LAW OF SUPPLY. use of fewer resources than the economy is capable of using. Compares two goods and shows the opportunity costs for making each good. efficiency. first English charter of liberties which included such fundamental rights as trial by jury and due process of law. 1 Answer. Paid effort that people devote to a task. Asked by Wiki User. GDP can be determined in two ways, both of which, in principle, give the same result. Economic growth and the aggregate supply curve. Economists often refer to these three resources as the factors of production. services. When manufactured goods are used to produce other goods and services, they are called capital goods. Syllabus: Explain, using an LRAS diagram, economic growth as an increase in potential output caused by factors including increases in the quantity and quality of resources, leading to a rightward shift of the LRAS curve. use of resources in a way that maximizes output of goods and services . Get your answers by asking now. services. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. goods. FALSE. paid effort that people devote to a task. The three types of economic resources are commonly known as human resources, natural resources and capital resources. 2012-01-09 00:36:20. Earn a little too. to show alternative ways to use an economy's resources. … Share what’s outside your window and all around you. Ways to Spur Economic Growth . What is a production possibilities graph? An efficient economy is one that Uses its resources to make the most goods and services. True or False. representation of the possible ways an economy could use resources is? Production possibility curve is a graphical representation of the maximal mix of outputs that an economy can achieve using its existing resources to full extent and in the most efficient way. Production possibilities graph is the representation of alternative ways to use an economy's resources. This answer has been confirmed as correct and helpful. The mission of 'Clean India Mission' (Swachh Bharat Mission) will lead to better waste-management technique. Economics is concerned with the way people have to make choices in order to overcome the problems of scarcity. goods . goods. What is a Representation of the possible ways an economy could use resources? If you're seeing this message, it means we're having trouble loading external resources on our website. A curve that illustrates the production possibilities of an economy--the alternative combinations of two goods that an economy can produce with given resources and technology. User: 6/13 divided by 6/12 Weegy: (15) / (6 2/3) = 9/4 or ... representation of the possible ways an economy could use resources. For example, some models explain the economy’s ups and downs around an evolving long-run path, focusing on the demand for goods and services without being too exact about the sources of growth in the long run. In this chapter we introduce our first model, the production possibilities model The rules that define how an economy’s resources are to be owned and how decisions about their use are to be made., to examine the nature of choices to produce more of some goods and less of others. GDP can be measured using the expenditure approach: Y = C + I + G + (X – M). physical objects that can be exchanged . GDP can be determined by summing up national income and adjusting for depreciation, taxes, and subsidies. Why are republicans lying about the economy? A production possibilities curve is a . Production possibilities graph is the representation of alternative ways to use an economy’s resources. Which of the following would be considered a suspicious purchasing ... why was steam engine so important to industrialize. A representation of alternative ways to use an economy's resources. Join Yahoo Answers and get 100 points today. Below is a more detailed description of each stage in the business cycle: under-utilization. Share what’s outside your window and all around you. Trending Questions. Ask Question + 100. It illustrates the production possibilities model. representation of alternative ways to use an economy's resources . Physical objects that can be exchanged. Lv 5. Trade-off . use of fewer resources than the economy is capable of using . Alternative ways to use an economy's resources. Production possibilities graph is the representation of alternative ways to use an economy's resources. WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. The Federal Reserve sets the poverty threshold. Create an equation that can be used to find m the number of books ... Cyanobacteria produce oxygen and convert sunlight to energy using ... is it by answering question that i get paid? SUPPLY SCHEDULE is a chart that lists how much of a good a single supplier will offer at various prices. MAGNA CARTA is the first English charter of liberties which included such fundamental rights as trial by jury and due process of law. The Federal Reserve sets the poverty threshold. You can use aggregate demand and supply diagrams to illustrate economic growth. Weegy: Glaciers contain close to 70% of all the fresh water on Earth. ), b is the marginal propensity to consume and Yd is disposable income. Growth allows businesses to hire workers, increasing their income. When people feel prosperous, they reward political leaders by re-electing them. The concept is believed to have been introduced into … Economic models can also be classified in terms of the regularities they are designed to explain or the questions they seek to answer. What is underutilization? representation of alternative ways to use an economy's resources. Key Terms. The business cycle moves about the line. Given the presence of scarcity, choices must be made as to how resources are allocated. Graphical representation of the consumption function, where a is autonomous consumption (affected by interest rates, consumer expectations, etc. labor. What are goods? Our lives are filled with a wide range of choices regarding the use of limited personal funds. … Term . Which of the following would be considered a suspicious purchasing ... why was steam engine so important to industrialize. The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. A production possibilities curve (PPC) represents the boundary or frontier of the economy's production capabilities, hence it is also frequently termed a production possibilities frontier (PPF). production possibilities graph . User: 6/13 divided by 6/12 Weegy: (15) / (6 2/3) = 9/4 or ... representation of alternative ways to use an economy s resources. Earn a little too. Wiki User Answered . Trending Questions . scarcity . Choice . This answer has been confirmed as correct and helpful. There are two basic solutions to the economic problemas described by Paul Samuelson, namely those based on free markets and those based on central panning. If demand for a particular … actions or activities that one person performs for another. an alternative that we scrifice when we make a decision . actions or activities that one person performs for another. These interactions obey the fundamental law in economics, which is the law of supply and demand. Term . Term . Definition . _______ contain close to 70% of all the fresh water on Earth. Creating an Alternative Economy Senator Edward M. Kennedy has called Hazel Henderson "a unique contemporary pioneer in the effort to humanize modern science and technology". Still have questions? A market economy works without government interference. Ask Question + 100. The purpose of a production possibilities graph is to Show alternative ways to use an economy's resources. 5 answers. Search. Relevance. 25. crossword question 28 words. The first thing that strikes the novice in the debate about scientificrepresentation is that there seems to be little agreement about whatthe problem i… Governments want to increase growth because it increases tax revenue. 1 decade ago. In most general terms, any representation that is the product of ascientific endeavour is a scientific representation. graphical representation. Answer Save. Create an equation that can be used to find m the number of books ... Cyanobacteria produce oxygen and convert sunlight to energy using ... is it by answering question that i get paid? Definition . The use of fewer resources than an economy is capable of using. Producers are free to manufacture the amount of goods demanded by the consumers. production possibilities graph . Weegy: Glaciers contain close to 70% of all the fresh water on Earth. axesenzon. Still have questions? Production possiblilities graph is a representation o the possible ways an economy could use resources . 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