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History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
What do most economists believe is the most efficient way to allocate resources in an economy?
Most economists believe that the most efficient way to allocate resources in an economy is through a market-based system, where prices are determined by supply and demand forces. This allows resources to flow to where they are most valued and needed, leading to optimal allocation and efficiency.
What is an efficient economy is one that is?
uses its resources to make the most goods and services.
What is an efficient economy is one that?
uses its resources to make the most goods and services.
History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Economies are most efficient when there is competition.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
What is the world most efficient thing?
One of the most efficient things in the world is photosynthesis, the process by which plants convert sunlight into energy. It is highly efficient at converting solar energy into chemical energy that sustains life on Earth.
What is an efficient economy is one that is?
uses its resources to make the most goods and services.
What is an efficient economy is one that?
uses its resources to make the most goods and services.
What do most economists believe is the most efficient way to allocate resources in an economy?
Most economists believe that the most efficient way to allocate resources in an economy is through a market-based system, where prices are determined by supply and demand forces. This allows resources to flow to where they are most valued and needed, leading to optimal allocation and efficiency.
What two economies are important in most of Australia?
There are not two economies important in most of Australia, as Australia is a vast country with different resources. Agriculture is important through much of Australia, but of course, not the urbanised areas.Three of the most important economies in Australia are:MiningAgricultureTourism
Which solution provides the most efficient use of router resources for forwarding traffic?
RIPv2
Most economies today are economies?
all economies today are actually (mixed)
Most economies have what economists call?
mixed economies
Why are most economies refered to as mixed economies?
poverty is always higest in countries with market economies
