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Explain why economists argue that productivity is important?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
What does GDP tell economists about business cycles?
economists follow the country's GDP and other key statistics to predict business cycles.
3 What does GDP tell economists about business cycles?
Economists follow the country's GDP and other key statistics to predict business cycles
What different types of Economists are there?
There are several types of economists. A major distinction is typically between macroeconomists - economists focused on the economic performance of an entire country, and microeconomists - economists which focus in greater detail on the market for certain goods or services. In addition, several other branches of the subject such as behavioural economics (combining psychology with economics) exist and have economists specialising in these fields.
What information can geographers provide to help economists making decision?
They can tell them which country they are living in.
Explain why economists argue that productivity is important?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
What does GDP tell economists about business cycles?
economists follow the country's GDP and other key statistics to predict business cycles.
3 What does GDP tell economists about business cycles?
Economists follow the country's GDP and other key statistics to predict business cycles
What different types of Economists are there?
There are several types of economists. A major distinction is typically between macroeconomists - economists focused on the economic performance of an entire country, and microeconomists - economists which focus in greater detail on the market for certain goods or services. In addition, several other branches of the subject such as behavioural economics (combining psychology with economics) exist and have economists specialising in these fields.
What information can geographers provide to help economists making decision?
They can tell them which country they are living in.
Which country has the most overvalued house prices in the world according to a recent survey by The Economists?
Switzerland
Which helps economists judge the overall condition of a particular country's economy?
A measurement of economic indicators: )
Which of the following are important assumptions that economists make when developing theories?
Ceteris paribus and self-interest
Which of the following helps economists judge the overall condition of particular country economy?
A measurement of economic indicators
What is the possessive form of economists?
The possessive form of the plural noun economists is economists'.example: All of the economists' predictions are for improvement in the next quarter.
What do economists call elasticity?
What do economists call elasticity?
Economists have classified input as?
economists have classified input as
