Q: The figure shows the trade-off between consumption and quality of the environment. Which of the…
A: The varying amounts of two different things that society may utilize are represented by a…
Q: What happened when income is zero and you must have still consume to survive
A: When income is zero, an individual still needs something to consume for minimum needs.
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A: Agriculture was a central factor in the emergence of physically active human civilisation, when…
Q: What are the components of the environment from the point of view of the decision-making? What do…
A: The decision making of the environment is a set of information, values, preferences gathered during…
Q: What are the primary wants and the secondary wants?
A: Wants can be defined as general effective desire for a particular commodity or the good which can be…
Q: According to a simple circular-flow diagram, how many markets do households and firms interact in?…
A: A simple circular flow diagram represents the interaction between economic decision-makers and…
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A: Let's first understand what are positive and normative statement. Positive statement is factual…
Q: What is Pareto efficiency and why do economists care about it? (Your answer should include both…
A: Pareto efficiency also known as Pareto optimality is a central concept that is used to assess or…
Q: What is market reform and individual preferences,
A:
Q: What is buoyancy in economics?
A: In the inflationary period, the increase in tax revenue is known as buoyancy.
Q: Name any two types of consumption goods with examples
A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…
Q: The end use of the goods categorizes the good as intermediate good and final good. True/False
A: There is no no specific method to find org category is a good to be as intermediate or a final good.…
Q: Use a real-life example of a social influencer helping create
A:
Q: What is economics constants?
A: Constants remain same.They do not change.
Q: How do economic factors such as a recession or consumers having more money impact the demand and…
A: The interest rate in the economy helps to identify the level of policies in the economy as well as…
Q: Explain the link between scarcity and the need for a rationing device
A: Meaning of Scarcity of Resources: The wants that can be satisfied by consuming goods and services…
Q: Do the higher property prices are considered normatively positive or normatively negative?
A: Positive Statements : Positive Statements are those statements in economics which deals with the…
Q: How can an economy adjust back to equilibrium? Is it by having an equal amount of demand and supply?
A: In economics, an equilibrium is considered as a state of rest from where neither buyers nor sellers…
Q: What is the role of Econometrics in Economics or in Agricultural Economics?
A: When studying economics, it can be seen that economics is divided into different parts according to…
Q: Are households primarily buyers or seller in the goods and services in the market? In the labor…
A: The simple circular flow model is used to see the flow of income and output between the households…
Q: How might a drought that destroys half of all farm crops be good for farmers? If such a drought is…
A: When the drought does not completely wipe out all crops and destroys half of all farm crops. In such…
Q: s a family decision about how much income to save a microeconomics or macroeconomics topics
A: In economics, we study how scarce resources are used by decision-makers to satisfy the unlimited…
Q: How Goods Market will be in Equilibrium according to the saving and investment approach? with a…
A: The IS curve shows the different combinations of income and interest rate at which the equilibrium…
Q: the degree of change in demand or supply due to the change in its determinants
A: The demand and supply are the two sides of the market. The demand and the supply in the market would…
Q: Are households primarily buyers or sellers in thegoods and services market? In the labor market?
A: The circular flow model depicts the flow of money in society. Money moves from producers to…
Q: What happened when income is zero and you must still consume to survive
A: Consumption function is the sum of autonomous consumption and product of marginal propensity to…
Q: Which central problem of an economy is concerned with the selection of goods and services to be…
A: The Central problem we consider while studying economics are what to produce, How to produce and the…
Q: What is commodity A.something that producers unable to sell to consumers B.A resource that is…
A: A commodity is a basic good used in trade that may be exchanged for similar products. Commodities…
Q: Is the environment an economic asset? Is the environment a social asset? Explain.
A: The environment is an economic and social asset. The environment is an economic asset in the sense…
Q: What are the external influences on the economy?
A: External influences in the economy refer to the factors that are beyond the control of the economy…
Q: How does school shooting affect Social Economic ? please help
A: Social economics is the branch of economics discipline that is used to determine the link between…
Q: What are the factors or market
A: Factors can be defined as the factors being used in the production process which are: Land Labor…
Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the…
A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for…
Q: Water is necessary for life. Is the marginal benefit of a glass of water large or small?
A: The marginal benefit of any substance is only measurable relative to the consumer. For me, a glass…
Q: What is the scope of agricultural economists
A: Agriculture Economies is the study of how finite resources are allocated among competing and…
Q: What is a market?a. Name five types of markets in which you participate.b. What markets trade…
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: What examples do you have of goods or services that are both consumer goods and resources depending…
A: A good can be consumer goods or intermediate goods ( ie the goods which are used as inputs for other…
Q: What is ecological about ecological economics?
A: Ecological economics examines the world and draws interdisciplinarily from principles of biology,…
Q: What is Art Appreciation
A: The term Art signifies a large variety of works, from paintings to sculptures, architecture to…
Is ketchup a final good or intermediate good?
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- what are the schemes aimed at stabilizing the income of the producers of primary products?In evaluating the present value of cultivable land, some economists include the present value of the future stream of net income obtained from farming the land. Is this conceptually correct? Explain.Why is this economic measuresignificant?
- explain ythis slide in regards to a green economy. i need about 1 minute to 2 minutes of information about this slide in presentation formatFor each of the following products state if it is a final or intermediate good and explain why? A brick, a cell phone, and a barrel of crude oil.How does traffic congestion waste time, fuel, and productivity?
