Rightward shift of PPC
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
What was rightward shift of PPC point out?
Answer: It points out growth of the resources.
Explain by giving example of an absolute advantage in production of two products?
Economic efficiency needs that, relative to the other goods which different individuals might consume, the people who value exact goods relatively the most should own and/or use all goods. Such principle is termed as: (i) economic equity. (ii) allocat
What divergences arise between equilibrium and an efficient output when spillover costs? How might government correct this divergence?
What happens to the demand curve when each of these determinants changes?
Illustrate Freedom of enterprise and choice exist?
This wages vary within inverse proportion to the agreeableness and constancy of the employment was a perception first explicitly stated through: (i) Adam Smith. (ii) Karl Marx. (iii) Thomas Malthus. (iv) John Stuart Mill. (v) David Ricardo.
Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general
How market system promotes technological improvements?
Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeosta
Illustrate the rate of exchange of two products?
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