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Define globalisation in terms of economics?
Explain the role of an economist
Who coined micro and macro economics?
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
What is the difference between a common resource and a public good in terms of their availability and usage by the general population?
A common resource is a shared resource that can be depleted if overused, such as a fishery. A public good is a non-excludable and non-rivalrous resource, like clean air, that is available to everyone and cannot be easily depleted.
How does the price system allocates resources efficiency?
The price system allocates resources efficiently because prices act as a kind of signal to both producers and consumers in terms of resource allocation. Resource allocation is utilized in strategic planning.
National income at factor cost?
It is measurd in terms of Cost Price. it means what amount of money is kept with people
What is a business constraint?
rules for business or system development in terms of resource availability, dependencies, timescales, or some other factor.
Define globalisation in terms of economics?
Explain the role of an economist
Why were economists opposed to the terms of the treaty of verasalies?
Economist were opposed to the terms of the treaty of Versailles because it was stated to be unfair and extremely expensive. The economist felt that later generations would come to regret the Versailles.
What is meant when an economist uses the terminology global markets?
Global markets are a term for an economist who studies terms that might be found at a global market, and uses terms to help him learn new words, and what they might mean.
What is the expression in lowest terms?
An expression is in its lowest terms if the greatest common factor of the numerator and denominator is one.An expression is in its lowest terms if the greatest common factor of the numerator and denominator is one.An expression is in its lowest terms if the greatest common factor of the numerator and denominator is one.An expression is in its lowest terms if the greatest common factor of the numerator and denominator is one.
How many terms will you have inside the parentheses after you factor out the gcf?
After you factor out the GCF, you will have as many as terms inside the parentheses as you had before.
What are factor pairs in mathematical terms?
In mathematical terms, factor pairs are numbers that combine to create a given product. The factor pairs of 12 are (12,1)(6,2)(4,3)
What does factor the sum of terms mean?
.
What is the factor of n squared plus 2n?
Obviously, both terms have the common factor "n". You get the other factor by dividing both terms by n. The result is "n + 2".
What is the nations most valuable resource in terms of health?
a healthy population
Which resource is the most reliable in terms of the accuracy of the information it provides?
All of These.
What is the first step when factoring a polynomial consisting of four terms?
The first step in factoring a polynomial with four terms is to look for a common factor among the terms. If no common factor exists, you can try grouping the terms into two pairs and factor each pair separately. This often reveals a common binomial factor that can be factored out, simplifying the polynomial further.
