問題一覧
1
are the expenses incurred when buying and selling a good
Transaction cost
2
in legal terms an individual called?
agent
3
involves knowledge about alternative ways
technology
4
it comprises all lving and non living things
natural environment
5
it is a contract between a seller and buyer
market exchange
6
it is an agreement between two individuals or agent
contract
7
it is regarded as the optimal way to coordinate economic behavior
competition
8
Practice of persuading
coercion
9
Study of how ascarce resources are allocated
Economics
10
Study of people
Social Science
11
to distribute
allocation
12
to supply or to provide
provision
13
it refers to human made surroundings
build environment
14
it refers the way in which cultures and societies provide or supply
economic system
15
this exists to meet society's fundamental needs
social institutions
16
this facilitates and contraints
institutions
17
this implies the ability of one person or group o force anotherto make choice they would not prfer
conscription
18
this implies voluntary agreements and a coordinated approach to the solution of the problem
cooperation
19
this is where sellers do ot see themselves as rivals
pure competition
20
this refers to the relationship between two or more ndividuals
social interaction
21
he is the father of economics
adam smith
22
we want to maintain/protect an idividuals???
liberty
23
an economic system based on conventional forms
traditional economies
24
an economic system where private ndividuals and group s hold economic power
market economies
25
n economic system where rulers hold the power
command economies
26
an economic system where aspects from traditional command and market economies are combined
mixed economies
27
is the case where an individual focuses on the production of a specfic ood
specialization
28
it is when roduction od a good is broken down into individual steps
division of labor
29
adam smith published a book called///??
wealth of the nation
30
he divided economic process into three categories
john stuart mill
31
three categories of economic process
production distibution consumption
32
it is the process of altering inputs
production
33
sometimes called factors of poduction or resources
inputs
34
inputs also called as ______
factors of production or resources
35
was the last category of inputs
entrepreneurial ability
36
describes the process of allocating the goods and services
distribution
37
it involves an exchange of private property rights
market exchange
38
it is a system of obligatory ift giving
reciprocity
39
it is a redistributiom private property
eminent domain
40
act of giving gift with nothing expected return
philanthropy
41
it is a process of transferring private property rights from a dead person to an agent
inheritance
42
by illegitimate force
theft
43
it is the end purpose of economic process
consumption
44
it is a knowledge about how resources individual and social organization can be used to accomplish objectives
technology
45
rules that are often in the form of law
explicit rules
46
rules that are not conciously created but still be misscomminicated
implicit rules
47
it can be powerful anf acurate
intuition
48
it has to be identified and defined
the problem
49
t is measured n terms of profitability
best solution
50
it is one that does not create another problem
ideal solution
51
the final determinant in choosing the best solution
availability of resources