Normative statement - Samenvattingen en Aantekeningen

College aantekeningen Economie Jaar 1 / Lecture Notes Economics Year 1 Breda University of Applied Sciences Inclusief: 10 lectures! Included: 10 lectures!

Exam (elaborations) TEST BANK FOR Microeconomics 7th Edition by Jeffre 1) Microeconomics studies the allocation of A) decision makers. B) scarce resources. C) models. D) unlimited resources. Answer: B Section: The Allocation of Scarce Resources Question Status: Old AACSB: Analytic thinking 2) Microeconomics is often called A) price theory. B) decision science. C) scarcity. D) resource theory. Answer: A Section: The Allocation of Scarce Resources Question Status: Old AACSB: Ana...

Exam (elaborations) TEST BANK FOR Microeconomics 8th Edition David Col The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True False 2. Scarcity exists because economies cannot produce enough to meet the perceived desires of all individuals. True False 3. Only marginal costs, not sunk costs, should affect economic decisions if individuals are rational. True False 4. Th...