Problem of scarcity

Economists study many issues, but all of them stem from the central economic problem of scarcity. Scarcity occurs because there are not enough resources (labour, land and capital) to produce everything that people would like. Question: The problem of scarcity is directly relevant: a) only to those times when rationing has been enforced b) only to Third World countries low in resources. c) only to those on low incomes. d) only to those periods of history before mass production. e) to all countries & all individuals.

What economic and Structural elements do New Era economists add to current economic thinking?

What economic and Structural elements do New Era economists add to current economic thinking? And What are the main effects and differences of short term economic policy management and long term management?

Economics - Supply/Demand model

How is the Supply/Demand model different from the Aggregate Supply/Aggregate Demand model?

Cost Curves

1. A firm's cost C is given in series as a function of output q=0,1,2,3,4,5,6,7,8,9,10 as C=50, 100, 140,170,190,210,230,260,300,350,410. Construct a table containing the above information and Total Variable Cost, Average Total Cost, Average Variable Cost and Marginal Cost. At price of 35, how many units will be produced in the short run? Long Run?

United Nations

When is international trade an opportunity for workers? When is it a threat to workers? What are some of the major challenges confronting the international trading system?