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.
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 : Economic capital and recipes for The knowledge embodied within economic capital and the “recipes” people make use of to combine materials, energy and other resources therefore production happens are commonly considered to as which one: (i) The production function, (ii) Ca
The knowledge embodied within economic capital and the “recipes” people make use of to combine materials, energy and other resources therefore production happens are commonly considered to as which one: (i) The production function, (ii) Ca
An illustration of a positive scientific statement would be which college graduates who: (i) create higher incomes than high school drop outs deserve that higher income. (ii) charge victims of hurricanes as well as other natural disasters outrageous prices must be sho
The erroneous analysis that economists seldom agree is LEAST attributable to the fact such that economists are: (w) acquire little media coverage while they agree, when disputes about how economic theory must be translated in policy a
A predictable result when a drought bankrupted several watermelon farmers would be as: (w) a decline into the price of watermelons. (x) increased demand since watermelons will be scarcer. (y) reduced supply, causing prices to increase. (z) decreased demand due to high
Economics can be explained as the extensive study of the effects of: (w) money and why having this is good. (x) production costs and profits. (y) how people attempt to gratify their boundless needs. (z) purchases, acquisitions and mergers.
I want a good answer on the topic of normative economics. Please give me your opinion that if wealth and income both were redistributed by the richest one to the poorest five percent of the population, conclusion of an economist would be that: (w) soc
Adam Smith’s well-known reference to an “invisible hand” implies that: (w) unregulated market competition improves economic welfare. (x) government must closely regulate monopolies. (y) pure competition is a divinely motivated market
A good is scarce when: (1) individuals are willing to pay a positive price for more of this. (2) this is socially but not individually beneficial. (3) individuals are willing to pay to have this not produced. (4) more is obtainable at
The eccentricities of Jeremy Bentham (from 1748 to 1832) did not comprise: (i) allowing a pet pig to freely roam his mansion. (ii) petitioning the London Council for permission to replace shrubbery beside his driveway along with mummi
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