Illustrate Rational Behaviour of Economic Perspective
Illustrate Rational Behaviour of Economic Perspective?
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1. Rational self-interest entails making decisions to achieve maximum fulfillment of goals.
2. Different preferences and circumstances lead to different choices.
3. Rational self-interest is not the same as selfishness.
Intermediaries ultimately prosper only when they give a service of decreasing: (1) demand for a good (2) prices paid to manufacturers of a good. (3) transaction costs. (4) rivalry for various types of resources. (5) cut-throat competition into markets
Just need help to see if I am in the right direction if there any think wrong need help with it.
The competitive market system is least probable to be allocatively unproductive as a result of: (w) externalities and public goods. (x) cutthroat competition and the outsourcing of low-wage jobs to less grown countries. (y) the underproduction of a go
Use the circular flow model to confirm this assertion for a 2% reduction in the Federal corporate income tax.
Illustrate the 6 basic supply determinants of other than price?
When government intervention is not present, than arbitrage: (w) will reduce price differences when similar good sells at various prices within separate markets. (x) results into economic losses for traders. (y) causes high economic profits for mercha
Explain in short the functions of money? Answer: (A) Medium of exchange: Money can be employed to make payments for all transactions of services and goods.
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
Illustrate Freedom of enterprise and choice exist?
Suppose studies show that students who study more hours receive higher grades. Is there any relationship which guarantees that any particular student who studies longer will get higher grades?
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