Illustrate the term Economic Rationale
Illustrate the term Economic Rationale?
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Economic resources are not completely adaptable to alternative uses. To get increasing amounts of pizza, resources that are not particularly well suited for that purpose must be used. Workers that are accustomed to producing robots on an assembly line may not do well as kitchen help.
Elucidate Reliance on technology and capital goods of the market system?
Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
Describe the output effects of Inflation?
Building blocks for a capitalist system would not consist of: (1) supplies and demands. (2) private property rights. (3) laissez-faire policies. (4) market-found prices and outputs. (5) distribution of income in accord along with the principle, &ldquo
The major implication of Adam Smith’s conception of an “invisible hand” was such that: (w) pursuit of individual self interest must be controlled. (x) most people lose sight of what’s good for society. (y) most
Illustrate a fundamental characteristic of demand behavior?
Illustrate Measuring unemployment?
Just need help to see if I am in the right direction if there any think wrong need help with it.
Give a brief introduction of the term Cost of equity shares?
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