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What are the 3 economic choices every society must make?
Rational choice theory, also known as rational action theory, is a framework for understanding and often formally modeling social and economic behavior. It is the dominant theoretical paradigm in microeconomics. ...
How would you use economic in a sentence?
He was known to make rational, economic, and practical decisions.
How can economic growth eliminate scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite. Egoism and its 'rational' variant 'capitalism' have a very simple basic principle (per definition; a priori). This basic makes it easy to defend 'economic growth'. The argument is: I just take my share, but don't be afraid, a couple of billions might seem madness in common sense, but after some 'rational growth' and the 'rational' 'inflation' there are 'rational' billions for others too
What are the essential elements of the basic competitive model?
rational, self interested consumers rational, profit maximizing firms competitive markets with price taking behavior
What is an economic perspective?
Economic perspective is a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.
Is 4.6 irrational or rational?
4.6 is rational.
Is 10.01 a rational or irrational number?
10.01 is Rational. IRRATIONAL are those decimals, which recur to infinity and there is NO regular order in the decimal digits. pi = 3.141592..... is Irrational But 3.333333..... is rational , because the decimal digits are in a regular order. Definitely an irrational number cannot be converted into a rational number/ratio/fraction/quotient. So 10.01 is rational because it can be converted to a ratio/fraction/quotient of 10 1/100 or 1001/100
Is 37.5 a rational or irrational number?
Rational
Is 34.5 rational or irrational?
is 34.54 and irrational or rational. number
Is 0.34343434 rational or irrational?
Rational
Is 2.717711777 rational or irrational?
Rational.
Is 4.46466... rational or irrational?
No
Is -4x rational or irrational?
If x is rational the it is rational. If x is irrational then it is irrational.
Is a rational plus an irrational equals a rational?
No. A rational plus an irrational is always an irrational.
What are the solutions of rational algebraic equations?
They can be rational, irrational or complex numbers.They can be rational, irrational or complex numbers.They can be rational, irrational or complex numbers.They can be rational, irrational or complex numbers.
Is a rational number times a irrational number?
Can be irrational or rational.1 [rational] * sqrt(2) [irrational] = sqrt(2) [irrational]0 [rational] * sqrt(2) [irrational] = 0 [rational]
Is 1.14 is irrational or rational?
1.14 is rational.
