which of the following is the correct way to describe equilibrium in a market?

Question

which of the following is the correct way to describe equilibrium in a which of the following displays these two​ characteristics: rivalry and​ nonexcludability? economics is the study of the ________ people make to attain their goals, given their ________ resources.

Expert · Accepted Answer

1) By definition, what is economics the study of?    A .    the choices people make to attain their goals, given their scarce resources.   B.  how to make money in a market economy.  C.  supply and demand.  D.  how to make money in the stock market.   2) Economics does not study correct or incorrect behaviors, but rather it assumes that economic agents  make the best decisions given their knowledge of the costs and benefits. What term best describes this  behavior?    A.  emotionally   B .    rationally  C.  selfishly   D.  equitably  3) What is the term in economics by which a group of buyers and sellers of a product come   together to trade?    A .    market   B.  trade­off  C.  collective  D.  cooperative   4) If a commercial dairy farm

which of the following is the correct way to describe equilibrium in a

which of the following is the correct way to describe equilibrium in a
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School: Richmond Community College

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Cost: 50

Name: ECO 212 Final Exam 4

Description: ECO 212 Final Exam 4

Uploaded: 11/16/2015