Reason of Economic problem
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Why an economic problem does arise?
Answer: It arises due to following reasons:
A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
Question: To determine the real exchange rate, what two pieces of information do you need in addition to the nominal exchange rate? Answer: Q : Write short note Economics Write short Write short note Economics?
Write short note Economics?
Give a brief introduction of the term Cost Principle ?
Not like speculation, there arbitrage is: (w) an activity which is generally more lucrative when conditions are favorable. (x) a profitable and relatively riskless activity. (y) the process of representing a domestic company within fo
In output markets, the simple circular flow model, households replace their _________ for _________. Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | g
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
Adam Smith’s perception which self-interested motives underpin even charitable activities through apparently selfless people appeared originally into his primary major book that was entitled: (1) Theory of Moral Sentiments [1755]. (2) Leviathan
Patent rights: It is a unique license or right granted to a company or an Individual to make a specific product or utilize a specific technology.
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