微观经济学英文题库:chapter 2 The Economic Problem.doc,Economics, 11e, Global Edition (Parkin) Chapter 2 The Economic Problem 1 Production Possibilities and Opportunity Cost 1) The production possibilities frontier is the boundary between A) those combin
B) the marginal cost. C) opportunity cost. D) an incentive. Answer: D Topic: Incentive Skill: Recognition Status: Previous edition, Chapter 1 AACSB: Reflective Thinking 18) Economics is best defined as A) how people make money and profits in the stock market. B) making choices from an ...
Which of the following best describes direct costs?A.costs which can be identified with a cost centre but not identified to a single cost unitB.costs which can be economically identified with a single cost unitC.costs which can be identified with a single cost unit, but it is not economic...
In a similar direction, agent-based-modelling approaches for estimating the economic cost of the failure of a group of firms, known as regional adaptive input output models, have been developed in the context of (natural) disaster impact assessment22,36,37,38. Works of this kind demonstrate ...
You can calculate economic profit as long as you know the total amount of revenue earned and the total cost involved using the following formula: Economic Profit = Total Revenue - (Total Explicit Costs + Total Implicit Costs) For example, the implicit costs could be themarket pricea ...
25). This study can be defined as complementary to the previous papers in the context of energy economics. Moreover, the Russian-Ukrainian conflict is one of the factors that has inflamed the already “hot” prices of commodities: not only those used as energy sources (oil and gas) but ...
The regression coefficient is defined as the ratio of the covariance between the asset value and the exchange rate, to the variance of thespot rate. Mathematically it is defined as: b=Cov(P,S)Var(S)b=Var(S)Cov(P,S) Numerical Example ...
The relationship between education and economic growth can best be summarized by saying thatA.educated people are less apt to consume goods that deplete economic resources, which encourages economic growth.B.educational expenditures tend to divert funds
climate mitigation policy such as the Paris Climate Agreement is often evaluated by balancing the costs of its implementation against the benefits of avoiding projected physical damages. This evaluation occurs both formally through cost–benefit analyses1,4,5,6, as well as informally through public pe...
Consumerism is defined by the never-ending pursuit of shopping and consuming. Examples include shopping sprees, especially those that engage a large number of people, such as Black Friday sales on the day after Thanksgiving. Another example of consumerism involves the introduction of newer models ...