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Economics affects all out our decision making in the market. When we decide to buy a sweater instead of jeans, in your head you examined the opportunity cost of the jeans to the sweater and determined which you wanted. This is an economic principle, even though many people do not think of it in terms of opportunity costs.
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What is the effect of isocost in economics?
effect of isocost
Cigarettes taxes effect is it microeconomics or macroeconomics?
macro economics
Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
Which kind of economics explains the phenomenon of cause and effect relationship?
positive
In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
What is the effect of isocost in economics?
effect of isocost
Explain Keynesian Economics and how did the US put this theory into effect?
During the 80's the massive tax cuts in the U.S lead to a rise in interest rate and have no effect on private savings as opposed to what the neo classical economics have predicted.
Causes and effect of stress in teaching economics as a subject in senior secondary schools?
teaching economics as a subject
Cigarettes taxes effect is it microeconomics or macroeconomics?
macro economics
What are the effect of tourism in the society?
Generally, it's better economics.
Market structure in Economics?
the size and the form of a market that is able to effect the demand and supply is known as market structure in economics.
What is the learning effect?
In economics, the learning effect is the process by which education increases productivity and results in higher wages.
Which kind of economics explains the phenomenon of cause and effect relationship?
positive
Why do economics use graphs?
Because cause and effect relationships in economics or in any other subject can be better explained with help of graphs. It also tells us what is the effect of one variable on other and how it responds to change in that variable. So instead of using words, graphs offer an easy and better way of showing relationships between two variables.
In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
What areas was the the US a leader after the war?
economics
What areas was the US a leader after the war?
economics
