The fundamental problem studied in economics is the problem of scarcity. It is this problem that forces people to make decisions. It is not just people, even at the national level, the government faces scarcity.Answer and Expl...
Equilibrium: In microeconomics, the equilibrium is a point at which both the consumers and producers become equally satisfied. Thus, at this point, the willingness to pay by the consumers becomes the same as the willingness to accept by the producers. Answer and Explanation:...
Confalone describes the band as a bunch of weirdos trying to play country music, and that’s about as accurate and concise a description as you’re going to get from me. The genre touchstones are all there: lyrics about sin and church bells, twangy lead guitars, ever-present death, ...
By analyzing the importance of different features, we conclude that a ''sellable'' used product is highly related to its basic information, location, price, and how its owner describes it. In the future work, we plan to evaluate the proposed approach on other types of used products and ...
The IOM's 2009 letter report describes ethical values and rules of justice and responsibility of care. The need to resort to the rationing in medicine has not usually an ethical justification [6]. Moreover, a justifiable rationing decision in a specific situation, like COVID-19 pandemic, may...
What is a graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good?Long-run output is determined by all of the following except: A. capital B. monetary policy C. labor D....
ensuring they are directed to farmers also committing to improving farming practises as, for example, receiving a loan per se did not lead smallholder rice farmers in northern Ghana to improve their technical efficiency (Anang et al.,2016). Cummings (1978) describes a case of Vietnamese smallh...
They concede a page later as to “the scarcity of Marx’s considerations on the law itself – and the lack of general theory of the legal form in his writings”. And we are brought back, for a second time, to “Lacanian parlance”, and to Agamben’s “bare life” [3]Legal form ...
money. B. scarcity C. greed. D. resources. Which of the following statements best describes the study of economics? Economics studies how: a. to organize production so that scarcity does not occur. b. to create incentives so that scarcity does not exist. c...
Which of the following describes the reason why scarcity exists? A. Governments make bad economic decisions. B. The gap between the rich and the poor is too wide. C. Wants exceed the resources available to satisfy them. D. There is too much u...