解析:题干中的According to economic studies与该句提到的Economic studies have shown对应,when they are able to meet their basic need与once they make a certain amount of money to cover basics对应。文中说明most people的做法:most people care more about relative,rather than absolute,income,[A]“他们...
1、Economics, 11e, Global Edition (Parkin) Chapter 1 What Is Economics?1 Definition of Economics1) All economic questions are aboutA) how to make money.B) what to produce.C) how to cope with scarcity.D) how to satisfy all our wants.Answer: CTopic: ScarcitySkill: RecognitionStatus: ...
microeconomics is sometimes considered the starting point for the study of macroeconomics, as the former takes a more bottom-up approach to analyze and understand the economy. The prefixmicro-meanssmall, and, not surprisingly, microeconomics is thestudy of small economic units. The field...
微观经济学英文题库:Chapter 1 What Is Economics.doc,Economics, 11e, Global Edition (Parkin) Chapter 1 What Is Economics? 1 Definition of Economics 1) All economic questions are about A) how to make money. B) what to produce. C) how to cope with scarcity.
Normative economics is based on subjective value judgements, not on the search for objective truth. To illustrate, an example of a normative economic statement is as follows: The price of milk should be $6 a gallon to give dairy farmers a higher living standard(生活水平) and to save the ...
Microeconomics– studies how households, individuals, and businesseswithin an economy allocate limited resources. Imagine using a microscope to look at each of the tiny components that make up the whole economy. According to the American Economic Association: ...
Alleconomicquestionsarisebecausewewantmorethanwecanget.Ourinabilitytosatisfyallourwantsiscalledscarcity.Becausewefacescarcity,wemustmakechoices.Thechoiceswemakedependontheincentivesweface.Anincentiveisarewardthatencouragesanactionorapenaltythatdiscouragesanaction.DefinitionofEconomics Economicsisthesocialsciencethatstudies...
In short, macroeconomics studies how the economy as a whole behaves. Economic Indicators As noted above, macroeconomics is the study of the big picture and that picture is incomplete without a set ofeconomic indicators. These are some of the most closely watched of those indicators. ...
D. Because keeping a car in good condition takes much time. 71. What is the central topic of the second paragraph? A. Influences of economics. B. Importance of knowing economics. C. Uses of economics. D. Scope (范围) of economic studies.相关...
Macro Economics: It is that branch of economics which studies the entire economy, instead of individual units, i.e. level of output, total investment, total savings, total consumption, etc. Basically, it is the study ofaggregates and averages. It analyses the economic environment as a whole...