__________ are what is available to be used. They produce valued results. They are assets used to satisfy some need. a. Resources b. Goals c. Values d. Attitudes ANSWER A
Date: September 9th, 2020
Private ownership will lead to better incentives and better social decisions in a regulated firm. Indicate whether the statement is true or false ANSWER F Private ownership may lead to better incentives through profit seeking but the result may not be socially beneficial as, for example, when a monopoly sets prices.
Date: September 9th, 2020
The worth of __________ tend(s) to be undervalued in our society. a. Internal exchanges b. Abundance c. Scarcity and risk d. Tangible goods ANSWER A
Date: September 9th, 2020
___________ is the ability to recognize and use resources effectively. a. Efficiency b. Intuition c. Helpfulness d. Resourcefulness ANSWER D
Date: September 9th, 2020
Roughly speaking, peak-load pricing makes users at peak times pay for capacity while users at off-peak times pay only for operating cost. Indicate whether the statement is true or false ANSWER T This statement is roughly true. But as Section 11.1 shows, it does not hold in all cases. Sometimes peak and off-peak prices […]
Date: September 9th, 2020
__________ cannot be touched; examples include integrity, confidence, and literacy. a. Tangible resources b. Intangible resources c. Societal resources d. Familial resources ANSWER B
Date: September 9th, 2020
The public interest theory of government regulation is optimistic. Indicate whether the statement is true or false ANSWER T The public interest theory of government regulation assumes government officials will pursue and serve the public good, whereas they may pursue their own private goals that differ from public goals.
Date: September 9th, 2020
The presence of different technologies can allow greater efficiency because one technology is better at peak times and the other is better at all times. Indicate whether the statement is true or false ANSWER T The high-fixed-cost technology usually will be run all the time, even at the off peak, while a low-fixed-cost technology […]
Date: September 9th, 2020
Students can change the direction of the greater society through volunteering and other forms of involvement. They are also subject to the greater economy and environment. In the 1990s, college students, for the most part: a. Enjoyed a strong economy with multiple job choices and a technology explosion. b. Flooded into social work and helping […]
Date: September 9th, 2020
Skills, talents, and abilities that people possess can be categorized best as: a. Human resources b. Tangible resources c. Capital resources d. Financial resources ANSWER A
Date: September 9th, 2020
