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Why did some colonist smuggle goods?
Because there was money to be made in smuggling. There were no taxes paid to the government for smuggled goods. This meant that the seller could keep all of the profits, and/or get goods much cheaper.
Who is the father of economics why he called father of economics from which word economics derived?
John Maynard Keynes"Father of Economics" some says that "Adam Smith" is the real father of economics
Is a bowl of soup a heterogeneous mixture?
Vegetable and chicken noodle are heterogeneous mixtures, but campbell's cream of tomato or chicken broth are homogeneous mixtures.
What kind of politicial and economics changes did Hungarian Prime Minister Imre Nagy put into place?
Nova Net Review Test Answer: He made certain that political prisoners were kept in jails.
What did the ancient Egyptians use their currency economics?
Egypt started out with a 'barter' economy, exchanging goods that they had for goods that they wanted. Gradually, barter was replaced by paying with items of value which often were gold or silver but not yet in the form of coins. Their weight or size determined the value of your payment. Around 500BC Egyptians started using (silver and copper) coins.
What is abnormal and Inferior goods in Economics?
Abnormal and inferior goods in economics are goods that are not of the best quality or the normal variety.
How would you describe heterogeneous shopping goods?
Heterogeneous shopping goods have product features that are often more important to consumers than price
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
What is consider service in economics?
goods
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
What is called in economics that are meant to skills and talent in economics?
fifhr sins
Why do you discuss private goods and public goods in economics?
because we have no lives
What role does the concept of durable goods play in the field of economics?
Durable goods are products that are meant to last for an extended period of time, such as cars, appliances, and electronics. In economics, the concept of durable goods is important because they can impact consumer spending patterns, business investment decisions, and overall economic growth. The purchase of durable goods is often seen as a sign of consumer confidence and can have a significant influence on the health of the economy.
What are the Kinds of goods in economics?
kinds of goods is eight part 1. free goods 2.
What are final products in an economics?
Final goods.
What are public goods and private goods?
Public goods are goods meant for everyone to share. Private goods are goods meant for one person or one small group of people.
What is the relationship of economics and socialscience?
Economics is the ssc that analyzes the production, distribution and consumption of goods and services.
