Economics

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Subject / Started by	Replies / Views	Last post
Briefly explain the factors of production and give an example of each. What will be an ideal ... Started by meagbuch	1 Replies 117 Views	Jun 29, 2018 by emsimon14
In its most ideal form, a price system allows A) firms to act in such a way that they eliminate ... Started by clippers!	1 Replies 55 Views	Jun 29, 2018 by amit
Suppose the tax rate on the first 10,000 income is 0 percent; 10 percent on the next 20,000; 20 ... Started by elizabeth18	1 Replies 79 Views	Jun 29, 2018 by orangecrush
Explain why even the most affluent people, businesses and counties never solve the problem of ... Started by sheilaspns	1 Replies 136 Views	Jun 29, 2018 by cswans24
If Apple's iTunes Music Store increases its fee for its music downloads, the law of demand predicts ... Started by jwb375	1 Replies 135 Views	Jun 29, 2018 by frejo
Labor, human capital, and entrepreneurship are resources related to human beings. Distinguish among ... Started by lak	1 Replies 150 Views	Jun 29, 2018 by flannelavenger
Which of the following will occur as the price of a good decreases? A) The demand curve for that ... Started by segrsyd	3 Replies 113 Views	Jun 29, 2018 by matt95
Some oil refineries were damaged by Hurricane Ike of 2008, leading to A) a decrease in supply of ... Started by appyboo	1 Replies 50 Views	Jun 29, 2018 by yahahah24021
One major assumption of economics is that people A) act as if they systematically pursue ... Started by LCritchfi	1 Replies 80 Views	Jun 29, 2018 by ally
When economists talk about a demand schedule for a product, they mean A) the amount of a good ... Started by Zulu123	1 Replies 94 Views	Jun 29, 2018 by bfulkerson77
In recent years, the price of smartphones has fallen, while the quantity exchanged of smartphones ... Started by casperchen82	1 Replies 152 Views	Jun 29, 2018 by mcomstock09
Are all goods economic goods? Are all economic goods also goods? Explain. What will be an ideal ... Started by clippers!	1 Replies 152 Views	Jun 29, 2018 by hanadaa
A tax rate system characterized by higher marginal tax rates as income increases is known as A) a ... Started by eruditmonkey@yahoo.com	1 Replies 98 Views	Jun 29, 2018 by steff9894
When studying individuals' economic behavior, economists assume that A) individuals understand ... Started by pepyto	1 Replies 107 Views	Jun 29, 2018 by matt95
Economics is the study of how people eliminate scarcity. Do you agree or disagree? Why? What will ... Started by washai	3 Replies 112 Views	Jun 29, 2018 by blakcmamba
Assume a family that earns 20,000 pays 1,500 in income taxes, while a family that earns 40,000 pays ... Started by Ebrown	1 Replies 140 Views	Jun 29, 2018 by meganmoser117
What does scarcity have to do with the fact that people must make choices? What will be an ideal ... Started by pepyto	1 Replies 140 Views	Jun 29, 2018 by lin77x
When the price of a good falls, there will be A) an outward shift in the good's demand curve. B) ... Started by karen	1 Replies 103 Views	Jun 29, 2018 by Kedrick2014
An externality can best be defined as A) a party not directly involved in a transaction. B) a ... Started by DyllonKazuo	1 Replies 65 Views	Jun 29, 2018 by billybob123
When the text refers to rational self-interest, it means A) your looking out for what is best for ... Started by asd123	1 Replies 77 Views	Jun 29, 2018 by nixon_s
In deriving the demand schedule for a good, economists assume that A) consumers have equal ... Started by asan beg	1 Replies 63 Views	Jun 29, 2018 by Anton
In economics, the concept that individuals are motivated by self-interest and respond predictably to ... Started by big1devin	1 Replies 178 Views	Jun 29, 2018 by scottmt
A demand schedule provides A) the quantities of a good people are willing to sell every year. B) ... Started by tiffannnnyyyyyy	3 Replies 98 Views	Jun 29, 2018 by mathjasmine
Holding demand constant, an increase in supply leads to A) lower prices and higher quantity ... Started by LCritchfi	1 Replies 187 Views	Jun 29, 2018 by sarahccccc
The opportunity cost of attending college might best be described as A) the money that must be ... Started by eruditmonkey@yahoo.com	1 Replies 98 Views	Jun 29, 2018 by prumorgan

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