Economists use production functions to: a. define what is technically efficient for different combinations of inputs. b. explain the tradeoff between the use of different inputs in production. c. maximize profits for a firm. d. define the marginal utiliti Explain why you are not ...
There are two main types of fiscal policy: Expansionary fiscal policy and Contractionary fiscal policy. Expansionary fiscal policy is used to expand GDP and money supply in the economy and contractionary fiscal policy is used to control GDP growth and reduce the money supply in the economy....
economy continues its longest period of growth and expansion, many leading economists...Municipal Bonds 101 How to Choose a Municipal Advisor Justin KuepperJun 12, 2019 State and local governments rely on municipal securities to raise money to finance projects for......
the term means “money”, “coinage” or “face value”. A country’s currency normally acts as the numéraire and is used to measure the worth of other goods and services within the country. In the absence of currency, you could define a “numéraire good” (e.g. salt, copper, gold)...
The presence of oil and gold Real per capita GDP is typically used as a measure of standards of living because:a. Economist primarily care about money and profits.b. It is a way to measure happiness.c. The amount of welfare payments made by the government is tied to the size of economy...
Therefore, disinflation is a reduction in the rate of inflation, not an outright reversal. If you ask five economists to predict where inflation goes from here, you’ll probably get 10 different responses. But now you know how to make sense of how inflation may come back down to earth, ...
However, there are substantial risks involved. An ineffective strategy – or one that is poorly executed – will leave a trader around break even, at best. At worst, the trader could lose substantial amounts of money very quickly. Depending on the strategy the trader uses, which is usually ...
Airports - with unpaved runways This entry gives the total number of airports with unpaved runways (grass, dirt, sand, or gravel surfaces) by length. For airports with more than one runway, only the longest runway is included according to the following five groups - (1) over 3,047 m, ...
Classical economists created the ‘util.’ A util represents how much psychological satisfaction a product generates for a subset of consumers in many different situations. Let’s suppose I judge that chicken nuggets with French fries yield 9 utils and an American Hot pizza yields 12 utils. I kn...
we will NOT be able to fix the environmental degradation that growing the economy has caused and it will have catastrophic consequences. If the ecological economists are wrong then we are left better off in the future with more resources than anticipated (but don't make as much money now!)....