Solved

What Mechanism Assures That Producers Use Inputs Efficiently

Question 162

Multiple Choice

What mechanism assures that producers use inputs efficiently?


A) Governmental regulations determining the allocation of resources
B) Altruism
C) The desire for profit
D) An innate desire to be efficient
E) All of the responses are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q157: Table 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Table 3-2

Q158: Opportunity cost is best defined as the

Q159: The central question in economics is how

Q160: Why is it inefficient for an economy

Q161: The first economist to point out the

Q163: Society can produce at a point outside

Q164: Figure 3-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-7

Q165: Table 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Table 3-2

Q166: The opportunity cost and the money cost

Q167: Figure 3-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 3-7