Lecture 1: ART OF THE ECONOMIC ARGUMENT
... • Definition of economic issue or question – May or may not be refutable – Normative question: Not refutable • The income distribution of Norway is superior to ...
... • Definition of economic issue or question – May or may not be refutable – Normative question: Not refutable • The income distribution of Norway is superior to ...
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... What are Machines that make goods are called? Goods that last less than three years are called _____ goods. Goods that last more than three years are called _____ goods. How can something that has economic value be expressed? Utility in economic terms means what? What are Factor Markets? What are Pr ...
... What are Machines that make goods are called? Goods that last less than three years are called _____ goods. Goods that last more than three years are called _____ goods. How can something that has economic value be expressed? Utility in economic terms means what? What are Factor Markets? What are Pr ...
- Muckross Transition Year
... Economics It’s a social science which studies human behaviour. Individuals, companies and governments make decisions about the use of their scarce resources. The scarce resources have alternative uses so choices must be made. ...
... Economics It’s a social science which studies human behaviour. Individuals, companies and governments make decisions about the use of their scarce resources. The scarce resources have alternative uses so choices must be made. ...