Ou just got a job in washington, d. c. you move into an apartment with some acquaintances. all your roommates, however, are slackers and do not clean up after themselves. you, on the other hand, can clean faster than each of them. you determine that you are 70% faster at dishes and 10% faster with vacuuming. all of these tasks have to be done daily. which jobs should you assign to your roommates to get the most free time overall? assume you have the same number of hours to devote to cleaning. now, since you are faster, you seem to get done quicker than your roommate. what sorts of problems may this create? can you imagine a trade-related analogy to this problem?

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;