A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity.
<h3>What is Economic analysis?</h3>
Economic analysis essential involves the evaluation of of costs and benefits relative to a countries financial reports.
It can be used also for projects based on the benefits of the projects and the viability of the project.
It helps o know how resources are distributed and the overall impacts the project is making. If the analysis is not well done there can be shortage of resources or scarcity of resources, products and goods.
Therefore,
A fundamental notion of economic analysis is that all households and firms must make choices because of scarcity..
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Answer:
command economy, market economy and traditional economy
Explanation:
in the command economy the government answer the question of what to produce, how to produce and to whom. the government determines investment and income.
in the market economy: the economy decision of investment and income, production and distribution is determine by the price according to the law of demand and supply
traditional economy: is an economic system that is signaled by the custom, belief and traditions of the people which influences goods and services the economy produces, how it is produce and who uses the product.
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Answer:
Explanation:
M1 and M2 are both definitions of money.
M1 refers to the most liquid cash which includes actual currency, checkable deposits and Traveler's checks.
M2 is M1 in addition to Savings deposits, time deposits and Money market funds
M1 = 724 + 638 + 7
= $1,369
M2 = 1,369 + 3,622 + 974 + 711
= $6,676
Answer:
d. Special damages
Explanation:
Special damages -
It refers to as a some particular type of damages that occurs because of the violation of some contract or rule , is referred to as a special damage .
In case the rule is not followed or the contracted is violated , then special damages are applied .
All the covers for the special dam,age is pre- decided and is mentioned in the contract .
Hence , from the given scenario of the question ,
The correct answer is d. special damages .
