Influence of decisions on consumers preferences
Consumer’s preferences tend to be most proficiently met whenever decisions are made: (1) Individually. (2) Through democratic voting. (3) In command economy. (4) To share out income according to requirement. What is the right answer?
Consumer’s preferences tend to be most proficiently met whenever decisions are made: (1) Individually. (2) Through democratic voting. (3) In command economy. (4) To share out income according to requirement.
What is the right answer?
Can anybody suggest me the proper explanation for given problem regarding scarcity in economics generally? A good is taken as scarce when people: (w) lack the funds required to make sure their survival. (x) require
Several parents ask children to write down lists of “things” they would like Santa to carry for Christmas, as well as to rank their “wants” in sequence. While gifts are positively associated to children’s lists, that “wish list&rdqu
When an economic change makes one person worse off and one thousand persons better off, this is: (1) good for society. (2) bad for society. (3) neither bad nor good for society. (4) not possible to assess without a va
what is the break-even price in economics?
The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed. Q : Define decisionsmaking on opportunity Decisions based upon opportunity costs are not concerned in a direct way whiles: (i) you fail to buckle up before driving a car. (ii) a brilliant high school graduate works like a rapid food cook in place of attending college. (iii) lightning starts a main forest fire
Decisions based upon opportunity costs are not concerned in a direct way whiles: (i) you fail to buckle up before driving a car. (ii) a brilliant high school graduate works like a rapid food cook in place of attending college. (iii) lightning starts a main forest fire
Economic scarcity: (w) will eventually be removed by technological progress. (x) is synonymous along with an economic shortage. (y) cannot exist within a market economy. (z) will exist as long as human needs exceed the goods we can produce using our r
Can someone please help me in finding out the right answer from the following question. A faith that most of the nonhuman resources must be owned, not by the private individuals, however instead ‘by everyone’ in common, with the govt. as t
When gross investment is $100 billion whereas $10 billion of capital is worn out, in that case net investment is: (w) $90 billion. (x) $100 billion. (y) $110 billion. (z) not possible to calculate without more information. Q : Illustrate an example of Efficiency in Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That
Bobby Joe Bob owns a hog feed factory within Los Angeles, CA. Oddly adequate, there is not a large market for hog feed within L.A. Bobby Joe Bob moves his operation to a minute, backwards town termed as The Sticks, NC, where a huge market for hog feed awaits him. That
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