<< Chapter < Page Chapter >> Page >
  • Card 5 / 12:
    How much should a nation be concerned if its rate of economic growth is just 2% slower than other nations?

    The course author didn't provide an answer for this question

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card // Return / Space

Questions & Answers

Answer: The four basic problems of an economy, which arise from the central problem of scarcity of resources are: What to produce?How to produce?For whom to produce?What provisions (if any) are to be made for economic growth?
Yusuf Reply
what is the basic economic problem
Arnold Reply
what is the basic problem
Arnold
importance of elasticity of demand
Ayuk Reply
what nature is price elasticity
Ayuk
nature of price elasticity
Ayuk
is it de basic economic problem
Arnold
Answer: The four basic problems of an economy, which arise from the central problem of scarcity of resources are: What to produce?How to produce?For whom to produce?What provisions (if any) are to be made for economic growth?
Yusuf
All teachers economic development
HASSAN
what is macro economics
ROGATH Reply
In the short-run, the monopoly makes?
Felix Reply
A demand which gives rise to the reverse of the law of demand is?
Felix
Price  (₦)Quantity Demanded 8  610  12 If we move from 8 to 6, the elasticity of demand is
Felix
does inventories accumulation included in GDP?
kelly Reply
Selling goods and services below or above the equilibrium price.
Daniel Reply
I will be there at the same time .....
SHADAB
Yes
HASSAN
Economics it big in the capital in
HASSAN
what is the meaning of black market
David Reply
the law of demand to price of goods if price is $13 and quantity $60, price $20 and y variable how calculate
Jackie Reply
what is diminishing marginal utility
Harish Reply
what is indifference curve
Harish
when the rate of utility goes on diminishing with every success ful unit is know as diminishing marginal utlity
Sana
what's economic growth
Rukundo Reply
what is economic growth
Rukundo
what is growth
Amina
growth is a sort form of development growth means development of only one specil part
RAJESH
one special part
HASSAN
what is wants
Daudu Reply
want is a specil desire whereas have you available resources for satisfying desire of products
RAJESH
what is scarcity
Syanda Reply
scarcity means wants
Daudu
scarcity is the situation whereby there are limited means in a world of unlimited ends.
suleysh
ok
Daudu
what is end?
Daudu
what is microeconomics
Isaac Reply
it study of only individual units like-a consumer,a firm,an industry and income of an individual.......
SHADAB
what is Economics Bacis
HASSAN
it saves time : division of labor saves time Because when two or more people forcus on a particular operation it will be quick and easy
Helen Reply

Get the best Principles of economics course in your pocket!





Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Principles of economics' conversation and receive update notifications?

Ask