mixed economies
Most mixed economies can be described as market economies with strong regulatory.
This notion that economists pay more attention to the national economies is right and wrong. It's right because many "big guys" for example: Central Bank makes most of the headline regarding national economy creating a illusion that it's all the economist concerns about. In addition, foreign economists will look at a COUNTRY rather than an individual state when assessing that country's economy. However, it's wrong because many economists do work on the state level and help state/province governor make economic decision that will affect that state.
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
true
Most mixed economies can be described as market economies with strong regulatory.
What do economists call elasticity?
This notion that economists pay more attention to the national economies is right and wrong. It's right because many "big guys" for example: Central Bank makes most of the headline regarding national economy creating a illusion that it's all the economist concerns about. In addition, foreign economists will look at a COUNTRY rather than an individual state when assessing that country's economy. However, it's wrong because many economists do work on the state level and help state/province governor make economic decision that will affect that state.
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
true
interference from governments had been harmful to the growth of economies during the nineteenth century
Economists call the things that firms sell which cannot be touched or seen goods and services.
Economists call the things that firms sell which cannot be touched or seen goods and services.
Economists call the things that firms sell which cannot be touched or seen goods and services.
Cheese
the business cycle