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Scarcity is the main reason we are studying economics. Scarcity exists when human wants exceed available resources. Write a four paragraph post that explains the difference between a want and a need? Please give five examples for each of these two concepts. Explain the rationale that dictates your choice
why Marx calls it an ‘absurd tautology' that value of labour is determined by that labour. How can a tautology be absurd.
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
Provide a succinct statement regarding the value of the article. III. What new ideas or amplification of existing ideas emerged as a result of reading the article?
when final sales are larger than gdpa. inventories did not changeb. a net increase in inventories took placec. a net
Each bundle that the consumer chooses, draw the indifference curve that goes through that bundle.
q1. suppose the required reserve ratio .20 and that a new 100 billion of reserves are injected into the system. by how
Explain what each of the estimated coefficients means that is interpret the results. Explain. Are each of the estimated coefficients statistically significant at the 5% level of significance? Explain Completely.
The study of government regulation and the competitive environment for business is relevant to all those who study business. All business candidates need to understand how the competitive environment will impact their employers and businesses.
Is this an example of a discrete or continuous probability distribution? (c) What is the mean number of emergency calls per day? (d) What is the standard deviation of the number of calls made daily?
Do you agree or disagree with the statement that: "A monopolist always charges the highest possible price."? Explain. b.) Why can't an individual firm raise its price by reducing output or lower its price to increase sales volume in a purely competit..
Explain how the CPI differs from the PPI, as a measure of the U.S. inflation rate and why is inflation risk a business management risk - Why is inflation risk a business management risk?
Describe how the activities influenced your awareness and understanding of the interrelationship between business and society and describe how the readings and journalling activities influenced your views on workplace ethics and corporate social re..
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