Why economic problems occur
Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.
Why economic problems occur?
Answer: This is due to unlimited or infinite wants and inadequate resources.
When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi
When households become increasingly willing to defer current consumption in order that they can enjoy greater future consumption, in that case the: (1) interest rate rises. (2) equilibrium investment level rises. (3) present value of
Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco
Consider goods for that various people are willing and capable to pay much more than the costs of production therefore widespread shortages exist. International federal or agreements, state and local laws as well as regulations are probably key factor
Refer to the following diagram. A decrease in supply is illustrated by a: A) move from point x to point y. B) shift from S1 to S2. C) shift from S2 to S1. D) move from point y to point x. Q : Monopsonistic exploitation-labor union The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl
The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl
Decision processes within households, and government and firms and the consequences of such decisions are initially the focus of: (1) positive economics. (2) public choice economics. (3) microeconomics. (4) normative economics. (5) microeconomics.
Answer the question based on given table of average retail price of milk and the Consumer Price Index from the year 1980 to 1998. Q : What drives market towards their What drives market towards their equilibrium?
What drives market towards their equilibrium?
The average prices for many goods tend to drop when Wal-Mart opens a store in the new market area. Such price cuts are most probable to yield rises in the average: (1) Economic gains of local restaurants. (2) Accounting Gains of local stores operated by the Sears, K-M
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