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.
The payments to entrepreneurs are the: (i) interest earned by saving money and managing main corporations. (ii) rental payments by extensive land holdings. (iii) profits occurrence from bearing uncertainty and risk, innovating new goods and technologi
Deliberately acting in a way which cannot attain a wanted goal is: (w) rational behavior. (x) random behavior. (y) irrational behavior. (z) maximizing behavior. Can anybody suggest me the proper explanation for given problem regard
I need a good answer on the topic of Economic problems. Please give me your suggestion that the economists’ resource category of “land” would not contain: (1) coal, petroleum, and other minerals. (2) the fish and water within the oce
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.
Economics like a region of study largely focuses upon: (1) class, power and status relationships. (2) Government policies to cure poverty. (3) Scarcity and decision making. (4) Accounting and financial relationships. (5) profit-maximizing business strategies.
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 : Does the entire thing have a price in 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.)
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.)
Why do people usually assume that water run on sidewalks and within the street while they water their lawns? Is that wasted water a symbol of inefficiency?
Occam’s razor refers to the idea which while evaluating a theory: (1) good theory describes the phenomenon as simply as possible, but not moreso. (2) complexity is obvious to make sure that correct answers are reached. (3) conformity along with
To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data. Discover Q & A Leading Solution Library Avail More Than 1445283 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1921926 Asked 3,689 Active Tutors 1445283 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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