If resources were unlimited and freely available
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
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If resources were unlimited and freely available, making choices would not be necessary. Every person could have as much as they wanted of any good or service. Science of choice should be unnecessary in Economics.
Briefly state the pros and cons of Corporation?
Describe briefly high financial leverage, low operating leverage?
Illustrate the Law of supply?
True or false? “U.S. exports create a demand for foreign currencies; foreign imports of U.S. goods generate supplies of foreign currencies.” Explain.
How can we calculate Price earnings ratio?
Can someone help me in finding out the right answer from the given options. The private sector is decomposed into: (1) Businesses and investors. (2) Households and stockholders. (3) Households and investors. (4) Businesses and households.
Illustrate Scarcity and choice of Economic Perspective?
As illustrated by Adam Smith that there are two innate psychological attributes of humans. One is which people have a powerful wish to better their individual circumstances. The other is as human beings so we are: (1) more interested
Explain the definition of Economics?
Use the circular flow model to confirm this assertion for a 2% reduction in the Federal corporate income tax.
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