Economics is best defined as A. how people make money and profits in the stock market. B. making choices from an unlimited supply of goods and services. C. making choices with unlimited wants but facing a scarcity of resources. D. controlling a budget for a household. ...
In economics, “capital” refers to wealth in the form of money or property used for production. In geography, what word might have a different but related meaning? A. resource B. land C. climate D. population 相关知识点: 试题来源: 解析 A。在经济学中,“capital”是资本。在地理学中,“...
Economic growth is defined as equal to the increase in A) employment. B) population. C) real GDP. D) the price level. E) the inflation rate. Productivity: The term productivity in economics can be defined as the rise in aggre...
Economics is best defined as the study of how How are economic resources allocated in a market? economy? Are diamonds considered representative money? Is taxation related to microeconomics or macroeconomics? What is the difference between definitive money and derivative money under a commodity-based ba...
money supply n (Economics) the total amount of money in a country's economy at a given time. See alsoM0,M1,M2,M3,M3c,M4,M5 Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014...
In particular, deep out-of-the-money options have a low value and therefore the percentage spread is typically large compared to its dollar spread. The opposite holds for deep in-the-money options. Further, we show both value-weighted and equal-weighted spreads, because the former overweights...
1.Economics deals primarily with the concept of() a.changeb.powerc.povertyd.scarcity 2.The opportunity cost of an item is() a.what you give up to get that item. b.always equal to the dollar value of the item. c.always less than the dollar value of the item. d.the number of hou...
In economics,utilityrefers to the satisfaction gained from consuming a good or service. Total utility is usually defined as a quantifiable summation of satisfaction or happiness obtained from consuming multiple units of a particular good or service.1 Utility and total utility are used in the economic...
Economics has long been known as an unpleasant science. But is any economist so dull as to criticize Christmas? At first glance the holiday season in western economies seems a treat for those who are concerned with such things as GDP growth. After all everyone is spending; in America sellers...
The concept of rent seeking was established in 1967 byGordon Tullockand popularized by Anne Krueger in 1974.1It evolved from the studies ofAdam Smith, who is often regarded as the father of economics. The concept is based on an economic definition of “rent,” defined as economic wealth obtain...