how to recognize economics as a field of economics?
recognize economics as a field of economics
When a mother tells her young child that thunder is caused by the angels bowling up in heaven, scientists would classify her statement as most clearly: (w) a normative statement. (x) a positive statement. (y) microeconomics in place of macroeconomics. (z) scientifical
The driving issues within economics are like: (w) income distribution and wealth. (x) productive inefficiency and waste. (y) restricted resources and unlimited human desires. (z) financial planning and mismanagement. Q : When economists disagree in normative Can someone give details with best solution about problem of normative economics... Economists disagree MOST often about regions involving: (i) normative economics, while value judgments are involved. (ii) explanat
Can someone give details with best solution about problem of normative economics... Economists disagree MOST often about regions involving: (i) normative economics, while value judgments are involved. (ii) explanat
The chorus of a Rolling Stones' song begins along with a line that is, "You can't always acquire what you wish for," that broadly explains the economic problem posed by which factor: (v) scarcity, (w) opportunity costs (x) human greed (y) diminishing returns and (z) marginal utility? How
A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain
A firm which could cut costs without reducing the value of its output is experiencing as: (i) Allocative inefficiency. (ii) Productive inefficiency. (iii) Distributive inefficiency. (iv) Technological decline. Can
Which of the given is a normative economic statement? (1) Most Republicans favor the death penalty for murderers. (2) Punishment which is surer, swifter, and harsher decreases the rates of violent crime. (3) Most Democrats oppose the death penalty for
Economic inefficiency exists while there is: (1) A society suffers through economic inequity. (2) No approach for anyone to gain unless someone else loses. (3) Additional output could be generated at lower cost. (4) Maximum net benefits are acquired f
I need a good answer on the topic of existence in society economically. Please give me your suggestion that The fundamental economic questions that each society should address contain: (i) what, how, and for whom,
Maximizing the community's economic welfare needs production: (i) On production-possibility curve. (ii) Of minimum exports and maximum imports. (iii) Of more consumer durables and fewer services. (iv) Exterior to the production-possibility curve.
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