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What does 'price floor' mean in economics?
In economics, price floor is the lowest allowed price a commodity can be sold at. They are used by the government to keep some prices from being too low.
What is the importance of economics in the society and for students?
The importance of economics is to keep track of money that comes in, and correspondingly what goes out on living costs. This applies from one individual, to a nation's government. Did this answer your question?Tweet This Question to History, Pol
How did Milton Friedman defined economics?
Keep the state out of the economy and let it be run by the people via the free market -- the right thing to do.
What are some key considerations to keep in mind when formulating monetary policy questions?
When formulating monetary policy questions, it is important to consider factors such as economic indicators, inflation rates, interest rates, employment levels, and the overall state of the economy. Additionally, understanding the goals of monetary policy, the impact of policy decisions on different sectors of the economy, and the potential risks and trade-offs involved are crucial considerations.
Why is economics sometimes referred to as the dismal science?
This a nickname given to it by economist Carlyle in the 19th century. He used it as he referred to an earlier economist, Malthus, whose economic models shoed that the food supply would not keep up with population growth. This would of course cause a huge disaster. As such was possible so it seemed to many other economists the tag of dismal was attached to the study and workings of economics. Mathus was proved wrong.
What are the key considerations to keep in mind when conducting a voltage drop measurement?
When conducting a voltage drop measurement, it is important to consider the accuracy of the measuring instrument, the resistance of the circuit being tested, the connection points for the measurement, and the potential impact of the measurement on the circuit's operation.
Why would being an accountant require a knowledge and understanding of economics?
Economics is include how to keep money and economy
What are the key considerations to keep in mind when buying land in Israel?
When buying land in Israel, key considerations include understanding the legal and zoning regulations, conducting thorough due diligence on the property, considering the location and potential for development, and seeking professional advice from real estate experts. It is also important to be aware of any political or security issues that may affect the land.
What are the top considerations to keep in mind when selecting board game printers for your project?
When selecting board game printers for your project, consider factors such as quality of printing, cost, production time, customer reviews, and the printer's experience with board game manufacturing.
What are some tips for conducting easy trade online?
Some tips for conducting easy online trade include researching the seller or platform, using secure payment methods, reading reviews and feedback from other buyers, and being cautious of deals that seem too good to be true. Additionally, it's important to keep personal information secure and to be aware of potential scams.
Essential Considerations For Choosing A Gym In Dubai?
When it comes to choosing a gym in Dubai, there are several essential considerations that you should keep in mind. With the city’s vibrant fitness scene…
What are the duties and responsibilities of a video game programmer be?
Some duties and responsibilities include creating story lines, character biographies, conducting design reviews, designing role-play mechanics, creating prototypes, and documenting the game design process. They are also expected to keep up with changing technology.
What does 'price floor' mean in economics?
In economics, price floor is the lowest allowed price a commodity can be sold at. They are used by the government to keep some prices from being too low.
What are the importances of economics?
Economics is a social science and its important our social life,political life Economics and daily life.its based on the piler of country..
Car Reviews?
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What are some important considerations for parents to keep in mind when conducting a Grand Theft Auto parent review for their children?
When conducting a Grand Theft Auto parent review for their children, parents should consider the game's age rating, content warnings, violence, language, and themes. They should also think about their child's maturity level, ability to distinguish between fantasy and reality, and potential impact on their behavior and attitudes. Communication and setting boundaries are key in guiding children's gaming experiences.
Why is there a voltage drop across a load but not conducting wires?
as the resistance/impedance of the the conducting wire is so small as compared to the load, there is a very low voltage drop across the conducting wires. keep the Ohm's law in mind i.e. V=IR <><><> Agree- but making the conducting wires LONG enough, and there will be enough resistance for a voltage drop.
