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Economics Questions and Answers (Q&A)

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This is not a requirement that is reported, but failure to renew the E&O insurance policy is an offence.

4 Answers

FCC stands for Federal Communications Commission. They are in charge of regulating some of the media industries which include social media. There are a lot of people who are in favor of net neutrality but this is not something that the FCC wants. They say that they do not care if people are all...Read More

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1. generally accepted ,

2. store of value,

3. stability,it must be stable,not changing always,

4. medium of exchange,

5. unit of payment.

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What does PPF mean? This is the acronym for Production Possibility Frontier. A classic example of this is letter B. The mythical country is called Alpha and it has the chance to produce two goods which are bread and butter. These are two items that may usually go together. Plus, the various...Read More

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High density lipoproteins are the good ones, low density lipoproteins are the ones that are seen to be bad.

3 Answers

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Always excited to learn and talk about new topics

It is best to know the difference between economics and business, especially to students who want to go for the financial career path. These two may go side by side, but they also relatively different from another. Economics is analytically and carefully studying the behavior of humans in terms...Read More

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The market economy is a special kind of economy in which the economic decisions and ultimately the market is guided by self-interests and the prices. There is little, if any government intervention or planning involved in the process. Somewhere, the competition does influence the economy and...Read More

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In micro-economic theory, the opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice of a best alternative cost while making a decision. Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between...Read More

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Most of the people fighting against the FCC are the people within the government, such as New York's Attorney General Eric Schneiderman, believes in a free, open internet because this is all part of maintaining a democracy. People are fighting against this. If the revocation were to go into...Read More

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Make his indifference curves steeper, but will not alter the equilibrium position.

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