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Adam Smith believed about the ultimate suitable objective of all economic activity is to maximizing: (w) wealth and power of the national government. (x) satisfaction of individuals by giving people along with the goods they want. (y) employment oppor
A free good is something which people enjoy but that is not scarce since: (w) people can costlessly have all they want. (x) people can purchase this along with credit without containing to immediately pay for htis. (y) luxuries
When it is possible to make somebody better off without making anybody worse off, the current condition is: (w) efficient. (x) inefficient. (y) optimal. (z) simply enhanced. How can I solve my problem of Economic Efficiency
Please help me to solve the problem of Normative Economic Goals that is given below: Almost everybody in the world would favor a normative economic aim that people all over must have: (i) high standards of living.
Social welfare is exploited while a “hedonistic calculus” regulates all human action as per the interventionist “liberal”: (i) John Stuart Mill. (ii) Thorstein Veblen. (iii) Milton Friedman. (iv) Karl Marx. (v)
The driving issues within economics are like: (w) income distribution and wealth. (x) productive inefficiency and waste. (y) restricted resources and unlimited human desires. (z) financial planning and mismanagement. Q : Give an example of Absolute Prices When When the overall price level rises, then there are changes within: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rates. How can I solve my economics problems, which is related to
When the overall price level rises, then there are changes within: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rates. How can I solve my economics problems, which is related to
Within broad economic terms "efficiency" needs: (w) an upward move within the production curve. (x) full employment. (y) it being not possible to make someone better off without creating someone else worse off. (z) producing cars with low gas consumption.
Why is class attendance mostly always higher on days while examinations are specified?
Can anybody suggest me the proper explanation for given problem regarding scarcity in economics generally? A good is taken as scarce when people: (w) lack the funds required to make sure their survival. (x) require
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