# Economics

You should start a new post instead of adding on to an existing post.

That said, I would go with A

Which of the following statements is true??
A) The value of a good may change over time.
B)A highly valued good is always more expensive than a lesser valued good.
C)Highly valued goods are always scarce goods.
D)Rare goods are always scarce goods
E)The scarity of a good is always constant.

I would go with A.
You can eliminate most of the other answers by considering the oxygen as a good. Is it highly valued? Is it particularly scarce, in a relative sense?

The circular flow of economic activity can be summed up as:

A. households earn money by selling their factors of production to firms in the factor market and use that money to buy goods and services from firms in the product market.
B. firms earn money by selling their factors of production to households in the factor market and use that money to buy goods and services from households in the product market.
C. households buy factors of production from firms and use them to produce goods and services, which they sell to other households.
D. households earn money by selling their factors of production to firms in the product market and use that money to buy goods and services from firms in the factor market.
E. firms buy goods and services from other firms, who in turn buy goods and services from yet other firms.

1. 👍
2. 👎
3. 👁

## Similar Questions

1. ### math

An electric post was broken by a strong typhoon.It formed a right triangle with the ground.If a broken part makes an angle of 25 degrees with the other part,and the topmost part of the post which is post which is on the ground is

2. ### Math

Which rule matches the function graphed below? I cant post sites and I need to post my graph. 1.y = –2x (MY ANSWER) 2.y = 2x 3.y = x – 4 4.y= x + 4

3. ### Physics

A fence post is 52.0m from where you are standing, in a direction of 37 degree north of east.A second fence post is due south from you.what is the distance of the second post from you if the distance b/w the two post is 80.0m

4. ### Calculus - Optimization

UBC parcel post regulations states that packages must have length plus girth of no more than 84 inches. Find the dimension of the cylindrical package of greatest volume that is mailable by parcel post. What is the greatest volume?

1. ### physics

One end of a post weighing 400 N and with height h rests on a rough horizontal surface with Ks=0.30. The upper end is held by a rope fastened to the surface and making an angle of 36.9^\circ with the post. A horizontal force F_vec

2. ### trigonometry

Solution of problem: An electric post was broken by a strong typhoon .it rmed a right triangle with the ground.If a broken part makes an angle of 25 degrees with other part and the topmost part of the post which on the ground is

3. ### math

23. Three points P, Q and R are on level ground. Q is 240 m from P on bearing of 230°. R is 120 m to the east of P. (a) Using a scale of 1 cm to represent 40 m, draw a diagram to show the positions of P, Q and R in the space

4. ### Math

The National Park Service is building a 16-mile hiking trail.They will post a sign every 1/8 mile along the trail, including one at the end.There will not be a post at the beginning of the trail.How many signs will they post along

1. ### math

Three points P, Q and R are on level ground. Q is 240 m from P on bearing of 230°. R is 120 m to the east of P. (b) Determine (i) The distance R from Q; (ii) The bearing of R form Q. (c) A vertical post stands at P and another

2. ### math

a post is driven into the ground. the first strike drives the post 30 inches into the ground. the next strike drives the post 27 inches into the ground. assume these distances form a geometric sequence, what is the total distance

3. ### physics

A fence post is 52.0 m from where you are standing, in a direction 37.0 degree north of east. A second fence post is due south from you. What is the distance of the second post from you. If the distance between the two posts is

4. ### calculus

A person 150cm tall is walking away from a lamp post at the rate of 15 meter per minute. when the man is 2.5m from the lamp post, his shadow is 3m long. Find the rate at which the length of the shadow is increasing when he is 7m