Which of the 5 Es of Economics BEST explains the statements that follow:  

• Economic Growth
• Allocative Efficiency
• Productive Efficiency
  • not using more resources than necessary
  • using resources where they are best suited
  • using the appropriate technology
• Equity
• Full Employment

• Shortage of Super Bowl Tickets

• Coke lays off 6000 employees and still produces the same amount

• Free trade

• More resources

• Producing more DVDs and fewer video tapes

• Law of Diminishing Marginal Utility

• Using all available resources

• discrimination

• "President Obama Example"

• improved technology

• Due to an economic recession many companies lay off workers

• a "fair" distribution of goods and services

• food price controls

• secretaries type letters and truck drivers drive trucks

• due to government price supports farmers growing too much grain

• Kodak Cuts Jobs - see article below
   
  • October 24, 2001 Posted: 1728 GMT
    [http://edition.cnn.com/2001/BUSINESS/10/24/kodak/index.html

    NEW YORK (CNNmoney) -- Eastman Kodak Co. posted a sharp drop in third-quarter profits Wednesday and warned the current quarter won't be much better, adding it will cut up to 4,000 more jobs. . . .Film and photography companies have been struggling with the adjustment to a shift to digital photography as the market for traditional film continues to shrink.