Potentially allocated lower prices in economic
Whose lives are potentially allocated lower prices while a drunk decides to drive home without waiting to sober up?
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The lives of the drunken people may kill or injure and also his own life are allocated a lower price while the drunk decides to drive home without waiting to sober up.
Assume that half of our world’s people, arbitrarily selected, were vaporized by space aliens or teleported to the parallel universe, however no other feature of life on our Earth was influenced. Avoiding any disruptions to families or psychological trauma this c
David Hume’s observations regarding the relationship between the price level and money supply are termed as: (w) Price Specie-Flow Mechanism. (x) Law of Comparative Advantage. (y) Law of Absolute Advantage. (z) Laissez Faire.
David Hume and John Locke summarized an early version of: (1) the circular flow of income. (2) the permanent income hypothesis. (3) the quantity theory of money. (4) the marginal disutility of poverty. (5) the backward-bending supply
When SCUBA vacations are $480 and DVDs are $16, in that case what is the relative cost of a SCUBA vacation within terms of a DVD?: (i) 30 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (e) 3,600 disks. I ne
The payments to entrepreneurs are called as: (i) Profits increasing from bearing risk and uncertainty, innovating new products and organizing production as well as processes. (ii) Rental payments by extensive land holdings. (iii) Interest through loaning money. (iv) I
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
identify the modes employed in the management of comunity ECD programes in your community and explain them in the following lines 1 sole proprietorship and corporation 2 NGO mode 3 donor managed and ommunity owned
Gold and silver, both although better conductors of electricity than copper, are not generally used for household electric circuits since they are much more expensive. It illustrates prices like: (i) Information. (ii) Rationing devices. (iii) Incentiv
At present, at Bob's Candle shop, Arjuna and Krishna share the jobs of making molds and making candles. Nonetheless, while Arjuna is best at making molds and Krishna is much better at creating the candles, then: (a) Bob’s shop is experiencing allocative although
Please help me to solve the problem of Normative Economics that is specified below: Scientific economic analysis could NOT be utilized for test if there: (i) higher tax rates cause tax revenues to decrease. (ii) on
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