Economic
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What is the scientific method and how does it relate to theoretical economics? What is the difference between a hypothesis and an economic law or principle?
Describe the duty of bondholders in a bond?
Illustrate how Microeconomics looks at specific economic units?
Adam Smith’s perception which self-interested motives underpin even charitable activities through apparently selfless people appeared originally into his primary major book that was entitled: (1) Theory of Moral Sentiments [1755]. (2) Leviathan
What is the most important source of revenue and the major type of expenditure at the local level?
Describe four important areas to emphasize Expenditures?
Describe two kinds of efficiency Full production imply?
The major implication of Adam Smith’s conception of an “invisible hand” was such that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most
Contrast how a market system and a command economy try to cope with economic scarcity?
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