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Q: How microeconomics leads to efficient resource allocation?
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What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?

When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.


Why specialization leads to economies of scale?

As individuals specialize in a specific, narrower task in a firm, they become more knowledgeable and so more efficient. This leads to a decrease in long run average costs.


What does unemployment lead to?

It cause less income for the family or even just no income at all. This leads to an unemployee joining in illegal activities such as drugs. It also contributes to the poverty population as unemployment leads to no source of income and without money the basic needs would not be reached and they themselves and those who are depending on them will indeed experienced a great suffering in the economy.


What most accurately describes the relationship between human capital and productivity?

first,relation between human resources is the lifecycle allocation of time and second is the decline in male particapation rate and the increase in female particapation rate


How do savings promote economic growth?

Savings, unless they are in a matress, leads to greater availability of funds to lend, which leads to lower interest rates, which leads to greater borrowing for business investment, which leads to business expansion, which leads to more employment, which leads to economic growth.

Related questions

What is the meaning of scalability of computing?

The scalability of the computing means the time which it takes like computer throughput time,resource allocation and some times deadlocks. mostly the scalability refers the throughput.that means the total time for execution it will depends on the resource allocation otherwise it leads to deadlocks


What do economists mean when they say that price floors and ceilings stifle the rationing function of prices and distort resource allocation?

When economist says price floors means above equilibrium and leads to undermanned surplus. When they say price ceilings it means price below equilibrium which leads to unsupplied shortage.


Canada leads the world in this natural resource?

Uranium


Too much fuel?

Leads to poor performance and finite resource waste.


Unregulated exploitation leads to resources depletion true or false?

Unregulated groundwater use leads to the "Tragedy of the Commons," with the eventual depletion of the resource and ruin to all.


In EDSeek which primary link leads you to a link for the free resource called Literary Index?

Title list


What primary link leads you to a link for the free resource called literary index?

one that has to do with distance learning


What are some of advantages and Disadvantages of strategic planning?

Some advantages of strategic planning are: it leads to sustainable competitive advantage, improves resource allocation, reduces resistance to change, identifies strategic goals and strategic intent and facilitates communication between managers. Disadvantages include: complex process, low rate of successful implementation and costly to perform for small and medium business.


Why specialization leads to economies of scale?

As individuals specialize in a specific, narrower task in a firm, they become more knowledgeable and so more efficient. This leads to a decrease in long run average costs.


Which primary link leads you to a link for the free resource called literary index?

what's the answer to this question "which primary link leads you to a link for the free resource called literary index 1. preferences 2. Publication Search 3. Title list 4. Change databaes I strongly think is 4 but i could be wrong can you have me


What is the importance of the materials management?

There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.


What is importance of material management?

There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.