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He didn't want to be shunned by the American economy, thus he hid inside his square office.
- Use Assumptions to simplify - Isolate Variables--Ceteris Paribus - Think at the Margin - Rational People Respond to Incentives
There are actually ten principles of economic decision making. The first four are, people face trade offs, the cost of something is what you give up to get it, rational people think at the margin, and people respond to incentives.
You are probably thinking of the different kinds of responses that took place in Haiti as compared to Chile. This has to do mainly with the level of economic development. More developed countries have better resources with which to respond to emergencies.
He wanted out; he refused to run for re-election.
condemnation but not action
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We would need to know what economic system you mean to respond to this question.
They had to borrow money to buy seed, fertilize, and equipment
They live i hot countries
Countries may address unequal resource distribution through policies such as taxation, social welfare programs, and education initiatives to help redistribute resources more equitably. They may also promote economic development in marginalized areas to create opportunities for underprivileged populations. International aid and collaboration can also play a role in addressing resource disparities globally.
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The science of economics helps countries cope with the unequal distribution and scarcity of resources.
The science of Economics helps countries cope with the unequal distribution and scarcity of resources.