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What do economists mean by the term sticky wage?
it is par day wage
When economists say that people act rationally they mean that?
When economists say that people act rationally, they mean that individuals make decisions based on the information available to them, aiming to maximize their utility or satisfaction. This involves weighing the costs and benefits of different options and choosing the one that offers the greatest benefit or least cost. Rational behavior assumes that people have consistent preferences and are capable of processing information logically to achieve their goals. However, it's important to note that "rationality" in economics does not imply that decisions are always perfect or free from biases.
What is the possessive form of economists?
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
How much do economists earn?
Economists Salary: American Dollars: Corporate Economists$88,428 - $132,846 Academic Economists (New Phd) $94,006 British Pounds: Corporate Economists £47,832.53 - £72,411.42 Academic Economist ( New Phd) £50,882.24
Which word do economists use for fairness?
Economists use the word equity for fairness
What do economists mean by rational self interest?
Basically, it means that an individual makes Economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.
When economists say that people act rationally in their self interest they mean that individuals what?
When economists say that people act rationally in their self interest they mean that
What do economists mean by longterm?
answer- longer than a year
What do you mean about rational number?
A rational number is one that has an ending.
What do economists mean by the term sticky wage?
it is par day wage
Does rational mean repeating?
yes rational means repeating. same thing.
Is the fraction 4 9 rational?
If you mean 4/9 as a fraction then it is a rational number
Is 0.50550555 a rational number?
It depends on if it is continued or not. A terminal decimal is always rational (such as 0.5) If it has a repeating pattern, its also rational (0.3333333333333333). If you mean 0.50550555055550555550555555 etc.) this is not rational.
Is 2 13 a rational number why or why not?
If you mean 213 then it is a rational number because all integers or whole numbers are rational numbers.
What is the possessive form of economists?
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
When economists say that people act rationally they mean that?
When economists say that people act rationally, they mean that individuals make decisions based on the information available to them, aiming to maximize their utility or satisfaction. This involves weighing the costs and benefits of different options and choosing the one that offers the greatest benefit or least cost. Rational behavior assumes that people have consistent preferences and are capable of processing information logically to achieve their goals. However, it's important to note that "rationality" in economics does not imply that decisions are always perfect or free from biases.
Is eleeven nith's rational or irrational?
Not sure what eleeven and nith are but if you mean eleven ninths, the answer is RATIONAL.
