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What are the three questions Paul Samuelson provided about the economical problem?
Paul Samuelson outlined three fundamental questions that address the economic problem: What to produce? This involves determining which goods and services should be created in an economy. The second question is how to produce, which focuses on the methods and resources used in production. Lastly, the third question is for whom to produce, which examines how the output is distributed among members of society. These questions highlight the necessity of making choices due to limited resources.
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When samuelson and nordhaus write that goods are limited while wants seem limitless they mean what?
Samuelson and Nordhaus highlight the fundamental economic problem of scarcity, which asserts that resources are finite while human desires for goods and services are virtually infinite. This disparity leads to the necessity for making choices about how to allocate limited resources effectively. As a result, individuals and societies must prioritize their wants and needs, often leading to trade-offs and opportunity costs in decision-making. This concept underscores the essence of economics as the study of how to manage limited resources to satisfy competing wants.
How did cities address the problem caused by urban living?
The Government provided mass transit and sanitation
How are economic questions answered in a command economy?
discuss the basic economic problem?
Why must public goods be provided by the government instead of the free market?
Public goods are non-excludable, so they suffer from a free-rider problem.
What are the problems caused by Brazil's economic development?
Arguably the most significant problem stemming from Brazil's economic development is the destruction of the Amazon Rainforest. A link is provided.
What are the factors that led to the rise of Afrikaner nationalism?
is the social and economical problem faced by the aFRICANS
How can you get an email address for Just Answers It is important that you get in touch with them by email A legal problem?
Just answers does not answer questions via e-mail. There is a means of contact provided by following the "About" link provided on the web pages should you wish to contact the site's administration.
Sample research problem statement on employee motivation in a recession?
What factors motivate employees during a economical recession
A process used by scientists to find answers to questions or solve a problem?
Is a process used by scientists to find answers to questions or solve a problem
Can moms ask there sons questions?
Asking isn't the problem, the problem is getting answers.
What problem can philosophy might create?
the problem of asking poorly worded vague questions
What of the following questions can help to identify the scope and immediate cause of a problem?
Why did the problem occur
What are two types of question in the math section of the PSAT?
In the math section of the PSAT, there are primarily two types of questions: multiple-choice questions and student-produced response questions (also known as grid-in questions). Multiple-choice questions present a question along with answer choices, while grid-in questions require students to calculate an answer and enter it in a grid format without options provided. Both types assess students' mathematical skills and problem-solving abilities across various topics.
What are some questions that are asked in a divorce mediation?
questions should be...WHAT THE F*** IS UR PROBLEM! :D
The problem growing cash crops such as tobacco was that?
A problem with cash crops is that they are labor-intensive and not economical without have enough labor to attend to them. When there are many workers to plant and harvest cash crops, then there is more profit.
What is the basic economical problem?
the basic economic problem in the socity is choice,as we do not have enough resources to satisfy human wants, we find it difficult to choose between two or more choices which leads to opportunity cost.
The is a process used by scientists to find answers to questions or solve a problem?
The (blank) is a process used by scientists to find answers to questions or solve a problem? The Answer To That Is (Scientific Method)
