Economic
I want to see your response
Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Factors of production and the method Who owns the factors of production and the method used to coordinate economic activity?
Who owns the factors of production and the method used to coordinate economic activity?
“An increase in the American dollar price of the South Korean won implies that the South Korean won has depreciated in value.” Explain.
Explain: “Affluence tomorrow requires sacrifice today.”
Contrast how a market system and a command economy try to cope with economic scarcity?
Can someone help me in finding out the right answer from the given options. In resource markets in a simple circular flow model, house-holds exchange their _________ for _________. (1) Resources | income. (2) Goods | profits. (3) Labor | goods. (4) Devotion | enlighte
Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.
Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers
Illustrate the characteristics of the Market System?
Describe briefly Operating income approach?
18,76,764
1952073 Asked
3,689
Active Tutors
1416044
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!