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Whose lives are potentially allocated lower prices while a drunk decides to drive home without waiting to sober up?
The requirement criterion of distribution usually entails: (1) Greater production incentives than the other systems. (2) Much difficult administrative estimations of people's requirements. (3) Generation of extreme pollution. (4) Dividing national inc
Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they
Can someone help me in finding out the right answer from the given options. Fee simple property rights do not permit private owners to: (1) Deny utilization of their goods to others. (2) Trade such rights with other people. (3) Employ goods in manner
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.
Prices are: (w) used to ration free goods and resources. (x) zero for several scarce goods and resources. (y) the merely efficient way to assign luxury goods. (z) one mechanism for rationing scarce goods and resources. Q : Nature Adam Smith regarded the Adam Smith regarded the partition of labor like crucial for initiating a process of economic development, and capital accumulation like a key element which then drives additional development. In words of Smith, key elements that find
Adam Smith regarded the partition of labor like crucial for initiating a process of economic development, and capital accumulation like a key element which then drives additional development. In words of Smith, key elements that find
A firm which could cut costs without reducing the value of its output is experiencing as: (i) Allocative inefficiency. (ii) Productive inefficiency. (iii) Distributive inefficiency. (iv) Technological decline. Can
I need a good answer on the topic of free good in economic. Please give me your suggestion that when all people can consume as much of a good as they desire at zero cost, this is a: (w) welfare good. (x) bonus for buying something else. (y) surplus su
I need a good answer on the topic of Economic problems. Please give me your suggestion that illustrations of technological enhancement would not comprise developing new because: (i) Lighter and less costly and stro
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