If resources were unlimited and freely available
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
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If resources were unlimited and freely available, making choices would not be necessary. Every person could have as much as they wanted of any good or service. Science of choice should be unnecessary in Economics.
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
Describe the meaning of the term “invisible hand.”
Briefly describe cost of equity shares? And also write down way to evaluate the cost of equity shares?
a) Whether the bond market moves up or down, high-convexity portfolios will for all time outperform low-convexity portfolios of equal duration and yield." Elucidate the argument supporting this statement and the connection to the classical immunization strategy. What
How does society decide its optimal point on the production possibilities curve?
Illustrates how hard it is to define what is “American made” in today’s global economy?
Relative to most of the other countries, the United States encompasses historically relied more greatly on: (1) Public resource ownership and private income distribution. (2) Decentralized decision making and private resource ownership. (3) Exports of textiles, automo
Explain how the Circular Flow Model for a Market-Oriented System?
What do you mean by the term “United State in Global Economy”?
Illustrate Scarcity and choice of Economic Perspective?
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