Who will get the goods and services
Who will get the goods and services?
Expert
1. The answer to this question is directly related to how the income is distributed among the individuals and the households and the tastes and preferences of consumers.
2. Products go to those who are willing and able to pay for them.
3. The productivity of the relative supply as well as the resources of particular resources also the possession of resources will determine the income of individuals and households.
4. The resource markets are linked to this decision, which conclude income.
Explain the slope of a straight line is the ratio of the vertical change to horizontal change between any two points on the line?
The Wealth of Nations that a pioneering survey of economic treated was published within: (1) 1849 year, and written by Karl Marx. (2) 1936 year, and written by John Maynard Keynes. (3) 1776 year, and written by Adam Smith. (4) 141 BC,
Nature and Scope of Economics: Introduction Economics is a social science that
Write down the drawbacks of capital budgeting?
Question: 1. Nancy is taking a course in Fairy Tales from Professor Grimm and another in Philosophy from Professor Par. In each course there will be two exams, a midterm exam and a final exam. In Professor Grimm's
What is the basic principle of comparative advantage?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
Describe the Personal distribution of income?
Illustrate the Comparative advantage and terms of trade?
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
18,76,764
1961418 Asked
3,689
Active Tutors
1440794
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!