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Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
What does PC mean in economic terms?
perfect competition
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
In economic terms what is internalization?
Internalization, in terms of economics, is a term to describe the practice of multinational enterprises to execute transactions within their own organisation. This is as opposed to an outside market.
What does the phrase there's no such thing as a free lunch mean in economic terms?
people must face tradeoffs
What is Mexico staus?
In terms of what? For example, its status in terms of economic development is that of an "emerging market".
Which of the terms describes an economy in which prices form the basis for economic decisions?
market or market economy
What does ADP mean in computer terms?
in economic or job
What does PC mean in economic terms?
perfect competition
THE role of forex market in the strengthening of local currency and its impact of economic development?
Forex market is no way different from stock market in terms of impact on economy of that magnitude.
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
In economic terms what is internalization?
Internalization, in terms of economics, is a term to describe the practice of multinational enterprises to execute transactions within their own organisation. This is as opposed to an outside market.
What is an economic market?
an economic market is when people distrubte
What do you mean by NFO in terms of stock market?
NFO stands for New Fund Offer.
What does market economic system mean?
a system indivivisuals own the factors of production and decide how to use them.
What does the phrase there's no such thing as a free lunch mean in economic terms?
people must face tradeoffs
Which of the following terms describes policies aimed at improving the Soviet unions economy by making free market reforms and allowing more economic freedoms?
Perestorika.
