Opportunity costs in alternate activity while study economic
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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Whenever the opportunity costs of other options were superior to this cost of not studying, in that case you would be engaged within an alternate activity.
In countries where private ownership is a dominant system: (1) Resources are socially owned, with govt. acting as a trustee. (2) Laws concerning the property rights are enforced by government. (3) Monopolization of each productive resource is inevitab
Adam Smith’s “invisible hand” consider as to a process through which people think: (w) trying to serve their own interests also exploit social well being. (x) rely upon democratic governments to make main economic decisions. (y) base
Good economic theories are tends to be: (w) detailed pictures of real-world economic behavior. (x) based upon value judgments. (y) logical and simple explanations of real world behavior. (z) intended at maximizing capitalists' profits. Q : Uses of positive economic analysis Hey 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
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
Does the entire thing have a price? Are there several things you would not perform regardless of price? (Keep in mind that prices and money is not synonyms; here prices may be nonmonetary.)
A positive economic statement is one which: (w) involves scientifically testable predictions. (x) is based upon value judgments. (y) explains the world idealistically. (z) applies primarily to microeconomic data. H
Can someone help me in finding out the right answer from the following options. Government makes numerous economic decisions and acts as the ‘trustee’ in owning and allocating most of the non-labor resources beneath an economic system of: (i) Centrally pla
I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights
When a typical firm in a perfectly competitive industry is earning profits, in that case: w) all firms will carry on earning profits. x) new firms will enter into the long run causing market supply to reduce, market price to rise and
Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda. Discover Q & A Leading Solution Library Avail More Than 1415918 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1924736 Asked 3,689 Active Tutors 1415918 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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