Economics Lesson 1: Ten Principles and Trade-offs in Economics, Ejercicios de Economía Aplicada

¡Descarga Economics Lesson 1: Ten Principles and Trade-offs in Economics y más Ejercicios en PDF de Economía Aplicada solo en Docsity! Economics. Lesson 1: Ten principles in Economics and the Economic Approach. 2. Homework. 2.1. a) A possible trade off is that the family won't going on holidays that year. b) A possible trade off is that the national debt rises in the short run, but probably it would stimulate spending and investment. c)A possible trade off is that the company won't be able to invest that money on new technology in order to increase production in the existing factories. d) A possible trade off is that he won't have that time to study, or to spend it on another lesure activity. 2.2. I thnik that Hermione is right because she proposes to calculate if the investment will be profitable. " The decision to choose one alternative over another occurs when that alternative’s marginal benefits exceed its marginal costs. " 2.3. The people who earn 30€ and 15€ would buy the normal good which is the flight, and the person who earns 5€ would consume the inferior good which is the bus trip. 2.4. a) shift to the right b) small shift to the right or it doesn't shift c) shift to the right d) shift to the left e) shift to the left f) shift to the left 2.5. a) A=40 (lawns), B=40 (cars), C=20 lawns and 20 cars, D=25 lawns and 25 cars. b)