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The economic system of a country is generally categorized according to: (1) Who makes decisions and who owns that resources. (2) Whether it is totalitarian or democratic. (3) Its per capita GDP and its currency value in the Euros or U.S. dollars. (4)
Hey friends please give your opinion for the problem of Economic Analysis that is given below: Economic analysis: (w) focuses only on financial relations. (x) is a step-by-step guide to gaining wealth. (y) centers
A good is scarce when: (1) individuals are willing to pay a positive price for more of this. (2) this is socially but not individually beneficial. (3) individuals are willing to pay to have this not produced. (4) more is obtainable at
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
By which is scarcity in the U.S. economy demonstrated: (v) The "energy crisis" of the 1970s, (w) Welfare payments to impoverished families, (x) Government budgeting more funding for defence or more for education, (y) Housing shortages in Santa Monica
An illustration of a positive scientific statement would be: (w) vegetarians are healthier than people who gorge on candy and fried chicken. (x) people shouldn't be greedy. (y) justice needs ratification of an Equal Rights Amendment. (z) men mustn't b
Please help me to solve the problem that is given below: The study of economics is LEAST related along with: (w) humanity in its wealth getting and wealth using activities. (x) physiological interpretations of labo
Please help me to solve the problem that is given below: Positive economics is MOST helpful within finding if: (i) Particular economic goals are good or not. (ii) A set of national goals is desirable. (iii) Specific economic t
Can someone help me in finding out the right answer from the given options. Major foundations of the capitalism are as: (1) Private property and laissez faire govt. (2) Government enforcement of contracts and equivalent opportunity for all. (3) The ri
Good economic models are: (1) intricate models of all aspects of the actual economy. (2) designed to create economics hard. (3) simplifications of the real world. (4) scientific only when expressed mathematically.
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