Tuesday  January 22, 2019
 AmosWEB means Economics with a Touch of Whimsy!
 B: The common notation for the "slope" term of an equation specified as Y = a + bX. Mathematically, the b-slope term indicates the change in the value of the Y variable resulting from a unit change in the value of the X variable. Theoretically, the b-slope is frequently used to indicate endogenous or dependent relation between the Y and X variables. For example, if Y represents consumption and X represents national income, b measures induced consumption expenditures.
 Most Viewed (Number) oligopoly, characteristics (164)production stages (152)economic goals (152)scarce resource (132)perfect competition, short-run supply curve (125) Visit the WEB*pedia

 Lesson 4: Production Possibilities | Unit 1: Getting Started Page: 3 of 24

 Topic: Limitations <=PAGE BACK | PAGE NEXT=>

The production possibilities analysis has two main limitations:
• First, Preferences: This analysis says nothing about which goods people want and which provide the most satisfaction. It only indicates the available options.
• Second, Economic Efficiency: This analysis does not ensure we have economic efficiency-the combination that would generate the most satisfaction from the resources.

| | |

INTERCEPT, INVESTMENT LINE

The intercept of the investment line indicates autonomous investment, investment that does not depend on the level of income or production. This can be thought of as investment that the business sector undertakes regardless of the state of the economy. Autonomous investment is affected by the investment expenditures determinants, which cause a change in the intercept and a shift of the investment line.

 GRAY SKITTERY[What's This?] Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a rechargeable battery for your camera or a coffee cup commemorating the first day of spring. Be on the lookout for poorly written technical manuals.Your Complete Scope
 The portion of aggregate output U.S. citizens pay in taxes (30%) is less than the other six leading industrialized nations -- Britain, Canada, France, Germany, Italy, or Japan.
 "Now is the only time there is. Make your now wow, your minutes miracles, and your days pay. Your life will have been magnificently lived and invested, and when you die you will have made a difference."-- Mark Victor Hansen
 NORCNational Opinion Research Center
 Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

| | | | | | | | | | |
| | | |

Thanks for visiting AmosWEB