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Economic efficiency needs: (w) distributive, productive and allocative efficiency. (x) engineering and dynamic efficiency. (y) historical and sociological efficiency. (z) chemical and physical efficiency. How can I
Suggestion of Jeremy Bentham that crime must be punished proportionally to the harm completed to society, but without consideration of intent, remorse or motive.” His proposal would result within more than the optimal amount of crime due to the:
Can someone help me in finding out the right answer from the following options. The equal shares criterion of distribution recommends that each and every individual must: (i) Receive income according to necessitate. (ii) Contribute equivalent producti
Why do people usually assume that water run on sidewalks and within the street while they water their lawns? Is that wasted water a symbol of inefficiency?
A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain
Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.
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 : Determine the essence of positive The essence of positive economic statements is which they: (1) should be correct, or they turn into normative statements. (2) yield predictions which can be tested for validity. (3) clearly resolve ethical or moral matters. (4) focus upon cheerful in
The essence of positive economic statements is which they: (1) should be correct, or they turn into normative statements. (2) yield predictions which can be tested for validity. (3) clearly resolve ethical or moral matters. (4) focus upon cheerful in
The primary comprehensive work upon economics within English was written via Adam Smith (1776 year) and entitled. An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand. (2) Wealth of Nations. (3) Movements of Prices in Competition. (4) Incomes of D
Society's FUNDAMENTAL economic problems do NOT comprise deciding: (w) what goods to produce. (x) how to produce the goods selected. (y) what occupation each person must pursue. (z) who must find to use the goods produced. Discover Q & A Leading Solution Library Avail More Than 1439249 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1943257 Asked 3,689 Active Tutors 1439249 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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