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Card 5 / 19:
What is the double-coincidence of wants?
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Questions & Answers
1. Division of labour increases the quality of output
2. it brings about specializations where a worker has an advantage of his area of competence.
3. The pay you get help you to buy the goods and wants
1. to make choice in the face of scarcity
2. specializations
3.division of labour
Becky
Human wants and needs are numerous but the resources available are limited in supply.
Becky
The maximum amount of ham the residents will consume in a month is 30000
Becky
it makes economic sense to her because she works to get paid. since she cannot produced vegetables,
Becky
A computer systems engineer only specialized in his field of study as a computer engineer not a painter. so he needs to get the service of a painter to paint his house and he will pay for the service of the painter
Becky
the kitchen will produce more meals because there is division of labour and area of expertise
Becky
division of labour without trade will not work because there is no training in a particular field
Becky
it also increase productivity
Asiedu
or increase productivity
Asiedu
a flow is a quantity that can be measured over a specific period of time
Abhishek
is economics a social science or a pure science
social Science as a Subject and Pure science as a study
Abhishek
How to compute National income by using the expenditure approach
explain the method?
Sammy
C+I+G+(X-M)
C= Consumption Expenditure
I= Investment Expenditure
G= Government Expenditure
X-M = Net Export
Abhishek
please I need a guardian on this topic
Albert
What do you need? Maybe we can help
Annisa
What's going on here?
Ivan
l need some information about macroeconomic
Sharat
First tell us what you already know about macroeconomic.
Ivan
any lecturer in here?
Albert
yes !! am here !! Lecturer of Economics And Statistics
Abhishek
Macroeconomics is too vast,so please be specific your question
niguse
I need help in statistics my lecturer is too fast at times I dont understand
Diana
Briefly explain whether the discipline of economics is a social science or pure science( normative or positive)
answer.... Economics is social science
Sammy
different between absolute advantage and comparative advantage
show some questions under this topic
hassan
why met worth is added with libilitys in the balance sheet
what are the implications of inflation targeting?
What happens to the goods and money market if the government cuts public spending?
then the government will be punished by the public
soul
GDP, INFLATION, UNEMPLOYMENT & PRODUCTIVITY and then write a paragraph on the behavior of each variable after analyzing them graphically.
AWY
what is international trade
International trade is the exchange of capital, goods, and services across international borders.
Bilal
international trade is the exchange of goods and services across boundaries
Zamu
international trade is the exchange of goods and services of country and abroad
Uwase
international is the process of exchanges of value interm of goods and services along national frontier
Murry
Increase knowdge and skill.
it save time and cost.
Increase high Efficiency of production .
List kinds of Elastcity of Demand
betta
Is a faster rate of economic growth always a good thing as compared to a slower rate? And why?
it is a situation during which workers remain jobless.
Zeeshan
is situation where people are willing to work but job are no available
Uwase
Source:
OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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