Basic economic questions NOT included
The three basic economic questions do NOT include: (w) What?, (x) For whom?, (y) Where? and (z) How? Can someone explain me with about above problem of fundamental economic concept...
The three basic economic questions do NOT include: (w) What?, (x) For whom?, (y) Where? and (z) How?
Can someone explain me with about above problem of fundamental economic concept...
I need a good answer on the topic of Economic problems. Please give me your suggestion that for production to be technically efficient needs that the: (i) Maximum benefits are acquired at the highest possible cost. (ii) Opportunity costs of production
While less of a good is freely obtainable than people desire, the good is: (1) in short supply. (2) a free good. (3) a luxury good. (4) scarce. (5) a requirement. Hello guys I want your advice. Please recommend som
A standard step while making a new economic theory is to: (w) properly blend normative and positive perspectives. (x) physically test this in an economics laboratory. (y) see when this predicts behavior in a consistent way. (z) make sure that this con
I require a good answer on the topic of Economic problems. Please provide me your suggestion that where illustrations of production are not contain: (i) Using canned chocolate icing to decorate a cake made with “store-bought” cake mix, (ii
Of the given words, the term most synonymous along with the term “factor of production” is: (i) technology. (ii) innovation. (iii) entrepreneur. (iv) capital. (v) resource. Please guys help to solve thi
Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O
Please suggest me how to solve the problem of normative economics that is given below: Normative economics is: (w) a description of how the economy works. (x) based upon empirical studies. (y) concerned along with
Please guys help me to solve out this problem that positive economics, which: (w) is accepted like true through all economists. (x) is less technical than normative economics. (y) involves statements which, when false, could be proven false. (z) addre
A new theory evolves within common sense only after this is determined: (1) Helpful through extensive testing. (2) Within conformity along with Newtonian mechanics and Occam's razor. (3) To contain relatively only some exceptions. (4) Acceptable through the Institute
Gold and silver, both although better conductors of electricity than copper, are not generally used for household electric circuits since they are much more expensive. It illustrates prices like: (i) Information. (ii) Rationing devices. (iii) Incentiv
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