Technical change and vintage technology
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Describe the types of multiplant firms Describe the types of multiplant firms?
Describe the types of multiplant firms?
Question The Current Account captures international fund flows due to net income on (past) investments, net transfers, and i._______________________________, general
What is the most important source of revenue and the major type of expenditure at the Federal level?
The market system responses the “for whom?” query with: (i) distributing goods on the basis of require. (ii) using central planning to coordinate production decisions. (iii) catering to consumers with adequate resources to demand goods. (i
Studies indicate that married men on average earn more income than unmarried men of the same age?
Define cyclical fluctuations?
Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
Least consistent along with Adam Smith’s theory of wages would be the suggestion that wages vary positively along with the: (w) effort required to learn skills necessary to accomplish particular types of work. (x) stability of employment and the
Compare the costing and pricing process of heterodox pricing process to the procedures utilized in neoclassical microeconomics to set prices. In what ways are heterodox prices altered from neoclassical prices?
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