EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 1RQ
To determine
Differentiate between idea and objects.
Expert Solution & Answer
Explanation of Solution
There are many differences between idea and object. That is, idea is what a person feels or thinks in his mind, which turns into an action. Suppose, when a person reads a novel, he can imagine the story in his mind; this implies the idea about the story in his mind. On the other hand, if one thinks about a story in his mind and pours it in to a novel, here, his idea turns in to an action. Here, it can be understood that the idea is what that is turned into an action. Also, the book he uses to pour his idea is the objective, which means that an idea will create an object or use objects for innovation.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Why is scarcity central to economics?
What is an economic model?
It's a positive or normative statement? explain?
Chapter 6 Solutions
EBK MACROECONOMICS (FOURTH EDITION)
Knowledge Booster
Similar questions
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
- Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co