Economics is considered to be part of the field of
a. management science
b. mathematical sciences
c. actuarial science
d. social sciences
e. natural sciences
D
You might also like to view...
When auto workers go on strike at many of the "Big 3" plants around the United States, the supply of American automobiles
A) increases, which is represented by a leftward shift in the supply curve. B) increases, which is represented by a rightward shift in the supply curve. C) decreases, which is represented by a rightward shift in the supply curve. D) decreases, which is represented by a leftward shift in the supply curve. E) remains the same; only quantity supplied changes.
Explain the relationship between relative prices and the slope of a country's production possibilities frontier
What will be an ideal response?
When measuring the actual output produced in an economy, one should focus on GDP measured in nominal terms
Indicate whether the statement is true or false
One necessary condition for effective price discrimination is:
a. identical tastes among buyers. b. difference in the price elasticity of demand among buyers. c. a single, homogeneous market. d. two or more markets with easy resale of products between them.