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The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.?
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∙ 7y ago
law of comparative advantage(Kaylop)
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Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
Why microeconomics is the study of the behavior of entire economy?
Microeconomics is consider as the study of the behavior of entire economy.Cause it examines the economy as a whole,so to say microscopically which analyses the behavior of indevedual economic units of the economy,their entire relationships and equilibrium adjustment to each-other.That determines the allocation of the resources in the society.
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
Branches of economics?
The branches of economics are Microeconomics and Macroeconomics.Microeconomics - ("small" economics), which examines the economic behavior of agents (including individuals and firms) and;Macroeconomics - ("big" economics), addressing issues of unemployment, inflation, monetary and fiscal policy for an entire economy.
Which term applies to this definition?
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.
The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost?
law of comparative advantage(Kaylop)
Whats called when the government controls the entire economy?
When the government controls the entire economy, it is called a centrally planned economy.
When you study the entire economy you are primarily concerned with?
g
Why microeconomics is the study of the behavior of entire economy?
Microeconomics is consider as the study of the behavior of entire economy.Cause it examines the economy as a whole,so to say microscopically which analyses the behavior of indevedual economic units of the economy,their entire relationships and equilibrium adjustment to each-other.That determines the allocation of the resources in the society.
what virus attacks a individuals entire immune system?
AIDS
Why is it important to diversify your economy?
An economy based on only one market is an invitation to disaster. If that market fails, the entire economy fails. With diversification, an economy can survive a failed market.
How many molecules of ATP are produced in the entire breakdown of glycolysis?
four are produced from anaerobic 32 are produced from aerobic and 36 are produced all together
What is the entire african economy based on?
At present, the African economy is based on commodities and raw materials. Components of its economy include industry, agriculture, and trade.
Branches of economics?
The branches of economics are Microeconomics and Macroeconomics.Microeconomics - ("small" economics), which examines the economic behavior of agents (including individuals and firms) and;Macroeconomics - ("big" economics), addressing issues of unemployment, inflation, monetary and fiscal policy for an entire economy.
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
What is the part of speech for macroeconomics?
The word macroeconomics is a noun. It is the study of the entire economy.
