Answer:
Insatiation
Explanation:
Insatiation is an economic problem which arises as a result of human wants and cravings being limitless with a limited means of satisfying these wants
Economic problem of insatiation can be solved when there are also unlimited means of satisfying the limitless wants and desires of human
It is very important to pay attention to these notes because, it is the notes that will indicate when the use of the combination code is appropriate and it will also point out the codes that are combined into one combination code.
The opportunity cost of studying economics for one hour in this context would be: <span>Watching two half-hour TV sitcoms
Opportunity cost refers to something that you have to sacrifice everytime one alternative is chosen. When the time is spent to study economics, the time available for you to watch tv will be gone.</span>
Answer:
The correct answer is C. there is a level of unemployment consistent with "normal" frictions in the labor market.
Explanation:
Full employment is a situation where all the individuals in a country, who are able to work and who want to do so, are effectively working either as employees of a company or organization or creating their own.
When full employment occurs, labor demand equals supply so that the labor market is in perfect balance. This means that in a country with full employment, all workers who belong to the active population and look for work, find it. However, as we will see below, when there is full employment there are certain unemployed people, it is what is known as frictional unemployment.
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