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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
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
Freddy's Fabulous Faux Frisbee Factory consists of fifty rapid frisbee forming machines. In recent year Freddy bought new fifteen rapid frisbee forming machines as well as retired five of them, all they are resulting within: (1) Net investment of 10 machines. (2) Gros
The fact that human requirements exceed the production possible along with the resources obtainable is termed as economic: (1) scarcity, (2) welfare, (3) shortage and (4) deficits. Can someone please suggest me the
While people buy something, then its opportunity cost is the: (w) monetary price they paid. (x) enjoyment they get by their purchase. (y) satisfaction they lost by not buying something else. (z) time they should work to pay their bills. Q : Example of Productive Efficiency in If six units of capital can be substituted for one unit of labor without changing total steel output, whereas 4 units of capital can be substituted for one unit of labor without changing the output of wheat, at that moment: (w) there is an optimal allocation of resour
If six units of capital can be substituted for one unit of labor without changing total steel output, whereas 4 units of capital can be substituted for one unit of labor without changing the output of wheat, at that moment: (w) there is an optimal allocation of resour
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. “Fee-simple” private property rights permit you to: (1) Shoot trespassers who are on your land with no permission. (2) Refuse to
he ratios of proportional changes within related variables are expressed numerically termed as: (1) interdependency coordinates. (2) best linear unbiased estimators (BLUE). (3) elasticity coefficients. (4) relative betas. (5) beta feedback estimates. Q : Closest to a Free Good in economic What What would be the closest to a "free good" in economic terms: (i) Local telephone directory assistance, (ii) Air conditioning thrown in when you buy a new car, (iii) Drinking water and (iv) Breathable air of the current atmospheric quality?
What would be the closest to a "free good" in economic terms: (i) Local telephone directory assistance, (ii) Air conditioning thrown in when you buy a new car, (iii) Drinking water and (iv) Breathable air of the current atmospheric quality?
Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?
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