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Why society faces a trade off between consumption goods and capital goods?
Wiki User
∙ 11y ago
It's about opportunity costs - resources used to develop capital (steel mills, heavy machinery, etc.) isn't available to manufacture consumer goods, and vice versa.
Wiki User
∙ 11y ago
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Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
Does a production possibilities frontier represent the different choices of trade offs a society faces?
true: thats what possibilities repersents
What is the role of capital market to Nigerian economy?
The role of capital market to Nigerian economy is to mobilize long-term funds. To provide a mechanism for mobilizing private and public savings and makes such funds available for productive purposes.
What are the 10 rules of economics?
1) Everyone faces tradeoffs 2)The cost of something is what you give up to get it. 3)Rational people think at the margin 4)Everyone responds to incentives 5)Everyone benefits from trade 6)Markets are a good way to organize economic activity. 7)The government can sometimes improve market outcomes. 8)A country's standard of living depends on its ability to produce goods and services. 9)Prices rise as the government prints too much money. 10)Society faces a short-run tradeoff between inflation and unemployment.
How much control does an oligopoly have over price?
faces a demand curve that is inelastic throughout the range of market demand. faces a perfectly inelastic demand curve. is a price maker. is also able to dictate the quantity purchased
Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
What is the similar between edges and faces and corners?
In a polyhedron, there are edges, faces, and corners. The thing that is similar, or common, between the edges, faces, and corners are the vertices.
What is the difference between flat faces and sides?
Faces are sides but sides (as in sides of a square) need not be faces.
What challenges does teen faces in society?
Teens are faced with a few different challenges in society. The mainly face peer pressure.
What is the connection between vertices edges and faces?
Faces + Vertices = Edges + 2 its easy
What is the difference between the crystal faces and cleavage faces?
cleavage surface are smooth and shiny as the fracture is due to weakness in the bonds between the atoms rather than a breakage. Crystal face is where the crystal development such as twinning take place.
What conflicts does Tommy face in Baxter's story the Gryphon?
He faces conflicts with society and what is defined as "normal".
In a triangular prism what is the relationship between the number of faces and the number of edges?
there are 5 faces and 6 edges
What is the difference between shapes of faces and number of faces?
you just divide the denominator by 7 and then add 2
How would you describe the height of a cylinder or prism?
It is the linear distance between the two parallel and identical faces (which are also called the bases).It is the linear distance between the two parallel and identical faces (which are also called the bases).It is the linear distance between the two parallel and identical faces (which are also called the bases).It is the linear distance between the two parallel and identical faces (which are also called the bases).
What is the difference between a cube and a cubiod?
All faces of a cube are squares. A cuboid has 4 or 6 rectangular faces.
What does character versus society mean?
Character versus society refers to a conflict where a character is at odds with societal norms, beliefs, or expectations. This type of conflict highlights the struggle between the individual's values and beliefs against the expectations or rules imposed by society. The character often faces challenges and obstacles as they navigate this clash between personal convictions and societal pressures.
