thatlightcandamageoureyesundercertaincircumstances,there?snoscientificevidencesuggestingthatbluelightisharmfultooureyes.But manypeoplestillthinkitis,whichiswhybluelight-blockingglassesaresopopular.Sodothe glasseswork? “Everyoneisveryconcernedthatbluelight maybecausingdamagetotheeye,butthere?sno evidencethatitmaybeca...
if we say that low unemployment is associated with higher inflation, ceteris paribus, it means holding everything else constant like GDP growth, balance of trade, money supply, and so on. However, each of these other factors, among others, also ...
In economics, the termdiseconomies of scaledescribes the phenomenon that occurs when a firm experiences increasing marginal costs per additional unit of output. It is the opposite ofeconomies of scale. This is usually caused by a deployment problem with one or more factors of production, such as ...
However, if someone else can get 1 liter of apple juice with 4 apples, then that person is more productive. It takes that person fewer apples to create the same amount of apple juice. The metric used in this economics example (as you probably have seen in your economics class in college...
1. B) There is nothing wrong with his digestive system. 2. C) Being unaware of the stress they are under. 3. A) Prescribe some medication for him. 4.D) It is full of competition. 5. A) To avoid being in the limel...
Economicsexplainsthesetrends.TwoBigEconomicQuestions How?Goodsandservicesareproducedbyusingproductiveresourcesthateconomistscallfactorsofproduction.Factorsofproductionaregroupedintofourcategories:▪Land▪Labor▪Capital▪Entrepreneurship TwoBigEconomicQuestions The“giftsofnature”thatweusetoproducegoodsandservicesare...
people access to the information they need even when they’re on the road. But not all mobile analytics solutions are created equal. Look for one that not only offers voice-enabled access and real-time alerts, but provides advanced capabilities to help your people be even more productive. ...
Chapter 1 What is Economics? • Your life will be shaped by challenges that you face and the opportunities that you create Definition of Economics our inability to get everything we want. • since we face scarcity, we must choose and those choices must be somewhat consistent with others'...
[1]. There is a particular need for planning in the area of maintenance, which generally serves to ensure a fluid production process. At present, unexpected problems still lead to high opportunity costs, which is why foresighted planning, and the creation of failure forecasts are crucial for ...
Another way togenerate economic growthis to grow the labor force. All else being equal, more workers generate more economic goods and services. During the 19th century, a portion of the robust U.S. economic growth was due to a high influx of cheap, productive immigrant labor. However, as ...