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Card 10 / 16:
budget constraint
all possible consumption combinations of goods that someone can afford, given the prices of goods, when all income is spent; the boundary of the opportunity set
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Questions & Answers
why economics is difficult for 2nd school students.
what does mean opportunity cost?
what is poetive effect of population growth
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
Kalkidan
Economics is a branch of social science that deal with How to wise use of resource ,s
Kassie
Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Kalkidan
What is demand and supply
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
Examine the distinction between theory of comparative cost Advantage and theory of factor proportion
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
differentiate between demand and supply
giving examples
differentiated between demand and supply using examples
Lambiv
how is the graph works?I don't fully understand
hi guys good evening to all
Lambiv
Source:
OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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