https://padlet.com/156004291/clvjjcp07xba Made with fortitude en-us 2017-08-18 14:48:02 UTC 2025-10-06 22:30:09 UTC hello@padlet.com 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/181633667 A social science concerned with how individuals , institutions and society make the best choices under condition under scarcity ]]> 2017-08-18 14:56:22 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181633667 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/181634141 to obtain more of one thing, society forgoes the opportunity of getting the next best thing]]> 2017-08-18 14:58:05 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181634141 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/181634725 The satisfaction or gain that is derived from an activity and it relates to purpose behavior ]]> 2017-08-18 15:00:36 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181634725 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/181634842 comparisons of marginal benefits and marginal costs usually for decision making]]> 2017-08-18 15:00:59 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181634842 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/181635544 the part of economics concerned with decision making by individual customers, workers, households, and business firms. It's looking at the sand, rocks, and shells of the beach. ]]> 2017-08-18 15:03:52 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181635544 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/181635751 the loss of potential gain from other alternatives when one alternative is chosen.]]> 2017-08-18 15:04:50 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181635751 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/181635802 Examining the economy as a whole
AKA the government  ]]> 2017-08-18 15:05:02 UTC https://padlet.com/156004291/clvjjcp07xba/wish/181635802 155003561 https://padlet.com/156004291/clvjjcp07xba/wish/182093171 a subjective  perspective of how the economy should be like by desirable aspects ]]> 2017-08-22 14:33:04 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182093171 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182093257 Focuses on facts and cause and effect relationships, it includes description, theory development, and theory testing]]> 2017-08-22 14:33:19 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182093257 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182094278 the need to make choices because economic wants exceed economic means]]> 2017-08-22 14:36:39 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182094278 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/182095071 Land includes all natural resources used in the production production process ]]> 2017-08-22 14:39:35 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182095071 155003561 https://padlet.com/156004291/clvjjcp07xba/wish/182095089 Labor: physical and mental activities that help production of goods and services
ex. logger, retail clerk, machinist, football player, nuclear physicist]]> 2017-08-22 14:39:38 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182095089 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182095701 for this concept, we use a table and a graph. The table lists out the different number of combinations of two products that can be produced with a specific set of resources, assuming full employment. Next comes the graph, or the production possibilities curve. This graph displays the different combination of goods and services that a society can produce in a fully employed economy, assuming a fixed availability of of supplies of resources and fixed technology.]]> 2017-08-22 14:41:43 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182095701 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/182095821 all manufactured aids used introducing consumer goods and services , including all factories,storage,transportation etc.....]]> 2017-08-22 14:42:03 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182095821 155003561 https://padlet.com/156004291/clvjjcp07xba/wish/182096217 -combines the resources of land, labor, and capital
-makes business decisions to help enterprise
-innovates, takes risks by innovating]]> 2017-08-22 14:43:04 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182096217 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/182096637 The economy is employing all of its available resources ]]> 2017-08-22 14:44:17 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182096637 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/182096847 The quality and quantity of the factors of production are fixed ]]> 2017-08-22 14:44:58 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182096847 156004291 https://padlet.com/156004291/clvjjcp07xba/wish/182097152 The economy is producing only two goods ,( Pizza and industrial ]]> 2017-08-22 14:46:00 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182097152 https://padlet.com/156004291/clvjjcp07xba/wish/182592537 Products that satisfies our want directly; industrial robots ,]]> 2017-08-24 15:08:15 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182592537 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182592580 as the production of a particular good increases, the opportunity cost of producing an additional unit rises]]> 2017-08-24 15:08:23 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182592580 155003561 https://padlet.com/156004291/clvjjcp07xba/wish/182592702 when resources increase in quantity/ quality, it causes the ppc to shift outwards to its economic capacity, a larger total output]]> 2017-08-24 15:08:42 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182592702 https://padlet.com/156004291/clvjjcp07xba/wish/182593945 economics, rationale are the reasons or thought processes that impact economic decisions. The interest rate is one of the primary influences on economic rationale.]]> 2017-08-24 15:11:57 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182593945 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182594600 a particular set of institutional arrangements and a coordinating mechanism . it has to determine what goods are produced, how they are produced, who gets, how to accommodate change, and how to promote technological progress.]]> 2017-08-24 15:13:42 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182594600 https://padlet.com/156004291/clvjjcp07xba/wish/182595170 Optimum allocation refers to a method of sample allocation, used with stratified sampling. Optimum allocation is designed to provide the most precision for the least cost. Based on optimal allocation, the best sample size for stratum h is: n_h = n * [ ( N_h * S_h ) / sqrt( c_h ) ] / [ Σ ( N_i * S_i ) / sqrt( c_i ) ]]]> 2017-08-24 15:15:28 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182595170 155003561 https://padlet.com/156004291/clvjjcp07xba/wish/182595514 resources are owned by private owners, use of markets and prices to coordinate and direct economic activity, moves in self- interest, laissez- faire, provides rules for/ and stabilizes the economy, modifies the distribution of wealth]]> 2017-08-24 15:16:33 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182595514 https://padlet.com/156004291/clvjjcp07xba/wish/182595522 The Incident Command System (ICS) is a standardized approach to the command, control, and coordination of emergency response providing a common hierarchy within which respondents from multiple agencies can be effective.]]> 2017-08-24 15:16:34 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182595522 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182596078 enables individuals and businesses to obtain, use, and dispose of property resources as they see fit]]> 2017-08-24 15:18:07 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182596078 https://padlet.com/156004291/clvjjcp07xba/wish/182596854 Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. It's capitalism, not communism. Things that are free are unconstrained, and a business is an enterprise. So, free enterprise refers to an economy where businesses are free from government control.]]> 2017-08-24 15:20:08 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182596854 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182596889 enables owners to employ or dispose of their property and money as they see fit. With this, workers can enter any line of work for which they are qualified. Consumers are able to buy whatever they want.]]> 2017-08-24 15:20:17 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182596889 https://padlet.com/156004291/clvjjcp07xba/wish/182597597 Market system depends on competition among economic choice expertise in pursuit of a monetary return ]]> 2017-08-24 15:22:11 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182597597 155003500 https://padlet.com/156004291/clvjjcp07xba/wish/182598193 an institution or mechanism that brings buyers and sellers into contact with each other]]> 2017-08-24 15:23:46 UTC https://padlet.com/156004291/clvjjcp07xba/wish/182598193