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Within broad economic terms "efficiency" needs: (w) an upward move within the production curve. (x) full employment. (y) it being not possible to make someone better off without creating someone else worse off. (z) producing cars with low gas consumption.
Fundamental economic questions consist of: (w) what, for whom and how. (x) where, how and when. (y) when, how and what. (z) how many, how much and what color,. Hey friends please give your opinion for the problem o
Occam’s razor gives an opinion such that: (w) Algebraic models are more precise than graphs. (x) Simplistic theories deform reality. (y) All economic phenomena are mutually dependent. (z) The simplest workable theories are the most excellent.
Normative economic analysis: (w) involves only non-quantitative measures. (x) gives precise predictions of economic effects. (y) emphasizes a social science approach to problems. (z) is based upon value judgments.
I have a problem in economics on Circular flow models of markets. Please help me in the following question. In a simple circular flow model of markets, the eventual ‘owners’ of all labor and non-labor resources are classified as: (i) Emplo
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
I have a problem in economics on Population increase-Economic Growth. Please help me in the following question. The production-possibilities frontier can be shifted external by: (i) Removing unemployment. (ii) Lowering the market prices. (iii) A popul
Hey friends please give your opinion for the problem of economic resources that is given below: Resources (factors of production) do NOT comprise: (i) entrepreneurship. (ii) competition. (iii) land. (iv) capital. (
An economic system is economically efficient when: (w) economic inequity has been removed. (x) any gains to someone through several possible rearrangement of goods or resources would need losses on the part of someone else. (y) more o
While people develop expertise by dividing up the assignments encountered within major productive activities as like making a movie or manufacturing a plane, one of the most likely consequences is: (i) Political instability originates by unavoidable frictions in
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