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Hello guys I want your advice. Please recommend some views for given problem that when are people of a commodity or service scarce: (1) gain from having this obtainable, (2) Wish more than the amount freely obtainable, (3) Say no to p
The value of the best foregone alternative explains: (w) opportunity costs. (x) monetary costs. (y) irrational behavior through a consumer. (z) retail price margins over production costs. How can I solve my above e
Several critics of our economic system contend such that self-interested behavior is not intrinsic, although that people are taught to be "selfish" through our society's stress within competition. Such critics argue that when we encouraged cooperation as much as we cu
Economics like a region of study largely focuses upon: (1) class, power and status relationships. (2) Government policies to cure poverty. (3) Scarcity and decision making. (4) Accounting and financial relationships. (5) profit-maximizing business strategies.
Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?
A good or service is scarce when people: (w) would benefit from its reduction. (x) wish more than the amounts freely obtainable. (y) cannot enjoy this simultaneously. (z) can freely consume all they want. Q : Requirements of Economic Efficiency 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
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
Please help me to solve the problem of Prices that is given below: Inflation most influences: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rate
recognize economics as a field of economics
Hello guys I want your opinion. Please suggest your answer for following Normative-economics problem. Normative economics: (i) based upon value judgments. (ii) involves statements which are either right or wrong. (
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