Resources and the economy

Related BrainMass Solutions

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  At point C, the economy produces 4 automobiles and 21 forklifts. However, the economy is currently producing both goods in lesser quantity than on the production possibility curve, hence economy is underutilizing its resources.

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  The PPF shifts outward as the economy grows through gains in technology, natural and human resources, or the accumulation of capital goods.

• Argandona's Ethical Issues of Privacy

  From the perspective of resources, the ability to control wealth, reserves, supplies, and human beings increase in the new economy.

• market economic system

  the lowest priced resources will be used in a market economy. In a command economy, the state will say what resources ar e to be used. For whom is the production?

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• Story of Stuff

  A general awareness amongst people as to where they stand with the economy and the natural resources Below are a few suggestions that are practical and bring about that change: 1.

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  Contractionary monetary policy: As the economy grows and prospers, it overheats. This happens when the resources - raw materials, land, and supply of labor -- cannot meet the needs of the growing economy.

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  An overheating economy means that the resources of the economy cannot meet the demand of businesses. When the economy is booming and in danger of "overheating", these contractionary fiscal policies will help stabilize the economy: a.)

• This post addresses transportation project planning.

  By doing so, people are able to obtain resources easier and more quickly based on the current system and any revisions to transportation routes.