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Economists generally assume that the economy will behave in an understandable way.

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10y ago

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What do economists generally support?

Economists generally support international trade.


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Profit.


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maximize profit


What are people who develop ideas that explain how the economy works known as?

Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.


What are people who developed ideas that explained how the economy known as?

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How is property created?

How property is created is a matter of debate in political philosophy and contract theory in economics. Generally, most economists assume that property is a matter of contract, by which property belongs to a party based on agreements between different economic actors.


What are people who developed ideas explained how the economy worked known as?

Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.


Would Keynesian or Classical economists be more likely to emphasize the fallacy of composition?

Keynesian economists would be more likely to emphasize the fallacy of composition. This fallacy occurs when what is true for an individual or a part is incorrectly assumed to be true for the whole, which is a key concern in Keynesian theory. Keynesians focus on how individual actions, such as increased saving during a downturn, can lead to overall economic decline, contradicting the idea that what is good for one is good for all. In contrast, Classical economists generally assume that markets are self-correcting and do not emphasize this fallacy as much.


Economists generally do not classify those goods or services that are necessary for survival as needs.?

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What is the possessive form of economists?

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How is paper numbered?

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What categories do economists use to classify resources?

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