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ECONOMICS-2023 Contact no -9806740540 Write any three characteristics of capitalistic economy and mixed economy. What do you mean by macro-economics ? write its characteristics. Distinguish between micro economics and macro economics. (Any three) What is opportunity cost ? Explain with example. What do you mean by production possibility (PPC )? Differentiate between economic activities and […]
(Case Study & Problem solving) Question(s): Q.1. Abdullah follows the automotive industry, including XYZ Motor Company. Based on XYZ’s 2021 annual report, Abdullah writes the following summary: XYZ Motor Company has businesses in several countries around the world. XYZ frequently has expenditures and receipts denominated in non-U.S. currencies, including purchases and sales of finished vehicles […]
Micro Economics chapter 7 Identify and discuss in your words three (3) major analysis/discussions that were introduced in your chapter. – Why did you like them? – Are they relevant to today’s current issues? – Explain how each identified analysis/discussion utilized two or more of the five key principles of economics which were outline in […]
You are standing in line. Think about what you would be doing if you are not in this line. The alternatives are infinite and computing the cost of them all is impossible. However, since you could only be doing one thing if you are not in this line, determining the opportunity cost requires only knowing […]
Opportunity cost is the value of the next best alternative in a decision. Imagine that you have $175 to see a concert. You can either see “Y4” or you can see “Bread N’ Butter”. Assume that you value Y4’s concert at $250 and Bread N’ Butter’s concert at $175. Both concerts cost $175 per ticket, […]
