numbers of sellers in pure competition?
“The best of all probable worlds is one in that we adopt policies which maximize the happiness of the lots number of people” is a statement of the utilitarian philosophy attributed to: (w) Alfred Korzybski. (x) Hugo Grotius. (y) Xenophon.
Illustrate the Optimal or best product-mix and also Law of increasing opportunity costs?
Describe the Slope of a nonlinear curve?
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
Explain: “Goods and services are scarce because resources are scarce.” Analyze: “It is the nature of all economic problems that absolute solutions are denied us.”
Use the economic perspective to explain the behavior of the workers? Why do they work so diligently?
Illustrate the term Economic Rationale?
What do you mean by inflation
Fiscal Policy:Public or government finance is a field of economics. This deals with budgeting the revenues and expenditures of government (i.e., or public sector). It is regarding the identi
Illustrate Measuring unemployment?
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