how to recognize economics as a field of economics?
recognize economics as a field of economics
Hey friends I need your help for given problem: Positive economic analysis would be least helpful like a guide to how a society can decrease: (w) specific criminal behavior from punishment. (x) inequality within th
Hello guys I want your opinion. Please suggest your answer for following Normative-economics problem. Normative economics: (i) based upon value judgments. (ii) involves statements which are either right or wrong. (
People who seek gains and bear risks and improbability while they combine land, capital and labor in productive ways is: (i) socialists. (ii) sole proprietors. (iii) professional managers. (iv) entrepreneurs. (v) bureaucratic capitalists.
The requirements criterion for distributing income entails: (1) Government costless offering all goods required for survival. (2) High administrative costs as determining someone else’s wants are difficult. (3) Dividing the national income unifo
Hey friends please give your view for the problem of investment in Economic that is given below: If a firm buys $50 million worth of new machinery to replace worn out equipment that originally cost $3 million,
The fundamental foundations of a capitalist system do not comprise: (1) Supplies and demands. (2) Private property rights. (3) Governmental allocations of non-human resources. (4) Laissez faire policies. (5) Market-determined prices and outputs.
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)
Economic profit is the entrepreneur's: (i) payment to managers for their services. (ii) capital stock minus depreciation. (iii) reward for innovation and bearing risks. (iv) difference between monetary cost and total income. (v) opportunity cost for capital.
Can anybody suggest me the appropriate explanation for given problem regarding normative economics generally. Normative economics is critical while an economist tries to: (i) predict how OPEC's refuse will influenc
All resources are encompassed through the classes of labor: (i) industrial robots, energy, and raw materials. (ii) capital, entrepreneurship, and knowledge. (iii) land, entrepreneurship and capital. (iv) entrepreneurship, investment and materials. (v)
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