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The . . . is a science that studies the human behaviour as the relation between the purpose and the limited means that have alternatives applications
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The economics is a science that studies the human behaviour as the relation between the purpose and the limited means that have . . . applications
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The scarcity implies that there are not enough resources to produce enough to cover . . . the needs
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The . . . concept is applicated to everything useful
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Human . . . have developed the politics to decide the priorities and the way to satisfy them
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The economics agents are the persons or groups who make an . . .
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The firms make the decisions about the . . . and the distribution
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The public sector takes part in the economy by making laws that regulate the way that the other economic agents act when they go to the . . .
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The public sector takes part in the economy by offering, at a lower price or for free, goods and services that the society things that it must be able to . . . all the population
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The more we spend in . . . to protect our coasts from the foreign aggressors (cannons), the less we'll spend in personal goods to improve the standard of living in our country (butter)
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In the modern society, the dilemma between a clean environment and a high . . . is also important
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. . . costs can create lower company profits, lower salaries, higher prices or all the three things at the same time
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The Production Possibility Frontier (PPF) is the group of . . . or technologies' combinations that reach the highest production
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The Production Possibility Frontier (PPF) reflects the highest good and services' amounts that a society can . . . in a fixed time period and with ones production's factors and ones given technological knowledge
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To be under the PPF signifies that either not all the resources are used (idle resources) or the technology isn't adequate (technology can . . .).
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The . . . productive structure is located over the Possibilities Production
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The Production Possibility Frontier (PPF) is . . . because in order to produce more of one good it is necessary to produce less of another
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The Production Possibility Frontier (PPF) is displaceable, this is, the . . . points can be reached.
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The barter or exchange is to . . . or to sell by using a product or service instead of money as a exchange money
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The beginnings of the barter or exchange go back to the first . . . communities of human beings.
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Bartering began: with the need to exchange what is . . . for what is needed
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In spite of everything, bartering didn't . . . with the arrival of the coins.
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Civilitations have adopted several goods as money (gold, silver, other metals or minerals, . . ., bars of tea in China, etc.)
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The states started to issue . . . and coins that gave right to the bearer to exchange them for gold or silver from the country's reserves
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By the XVIII and XIX centuries many countries had a bimetallic standard, based in . . .
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Between . . . countries tried to return to the Gold Standard, but the economic situation and the crisis of 1929 ended the ability for an individual to convert notes to gold
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In the Bretton Woods' Agreements was established that all the currencies would be converted in U.S. dollars and only the U.S. dollar would be convertible in gold bars at . . . dollars per ounce for the foreign governments
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In December of . . ., the president of the United States, Richard Nixon, suspended on his own the dollar conversion to gold and devalued the dollar by 10%
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The monetary authorities and the Central Banks don't try to defend any particular level of . . . rate, but they take part in the exchange market
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In capitalism . . . dominates over work as a element of production and creator of wealth
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In . . . the distribution, production and prices of goods and services are usually determinated by some type of free market
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The founding fathers of capitalism are John Locke, . . ., Adam Smith and Benjamin Franklin
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The most prominent contemporary representatives scholars for the Chicago school of economics are George Stigler and . . .
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In the . . . the market didn't send signals because this didn't exist (false market)
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The . . . appeared after the 1st World War
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The . . . economy got worse with Stalin and his followers, when the Soviet Union was born, with the so-called one-country politics
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The centralice planning economy was extended after the 2nd World War for all The East Europe and many asian countries, under the Soviet Union and the . . .
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Nowdays Russia and the . . . countries go toward a Market Economy
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The andalusian economy, like the spanish economy, has a . . . economic system wiht a lot of importance placed on the market economy
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A . . . converts inputs into outputs (goods or services) with physical, technological, human and other types of resources
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Classic economists use the . . . factors that Adam Smith defined
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Labour is rewarded by the . . .
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Today land is considered, a component of capital or a component of a wider natural factor (. . . or natural capital)
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To the concept of . . . capital or financial capital is added the concept of human capital or intellectual capital, even social capital, as a way of explaining the improvement of the productivity that isn't due to the other factors
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The new factors of production are: natural capital, physical capital, material labour and . . . (know-how, organization, non-physical but computable assests, intangible labour, knowledge economy)
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Training can be considered a form of investment, because it increases the . . . of the workers and the production
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The division of labour, generally speaking, deals about . . . and cooperation of the labour forces in tasks and roles, with the objective of improving efficiency.
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The types of division of labour are: . . . division, vertical division and collateral division
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One of the advantages of division of labour is to save . . ., because the worker doesn't need to constantly change tools
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The less time used to obtain the wanted result, the more . . . the system is
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The types of productivity are: . . . productivity and total factor productivity (TFP)
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The interdependence is . . . inflexible
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The power countries need the colonies to obtain . . . material and as markets to sell their goods and/or to export their capitals
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The Grundy's Four P's are: product, . . ., distribution or place and advertising or promotion.
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The fims from the . . . sector are mainly extractive
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The m. . . belongs to the primary sector
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The firm classification according to the . . . is: firms that belong to only one person and firms that belong at a group of persons
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The firm classification according to the size is: . . ., Small enterprise, Medium-sized enterprise and Great enterprise
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The firm classification according to . . . is: private sector company, public sector company, mixed company and self-management company
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In a . . . company, the owners are individuals and the State
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A . . . firm concentrates in a market segment as a near monopolist
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Fixed costs are also called . . . costs
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Except when there are structural changes, in the economic units – or productive units – variable costs have a linear behaviour, because the average value per unit tends to be . . .
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Profit is total income . . . total production and distribution costs
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In Andalusia, the . . . sector produces 8.26% of the total
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In the last decades, in Andalusia, traditional farming has decreased and farming of wheat, rise, . . ., cotton and sunflower has increased
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The fish farm of Riofrio, in Granada, exports . . .% of its caviar production, and it competes in international markets with Russian and Iranian caviar
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The Andalusian livestock is . . .% of the national livestock
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Andalusia has . . .% of the extraction of gold and silver
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In Andalusia, trade is focused in the export of food and agriculture products and in the import of . . . products
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What would be the added value in the first stage of the production if the wood is sold at 8 €, the wholesale chair at 15 € and the retail chair at 20 €?
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What would be the added value in the second stage of the production if the wood is sold at 8 €, the wholesale chair at 15 € and the retail chair at 20 €?
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What would be the added value in the third stage of the production if the wood is sold at 8 €, the wholesale chair at 15 € and the retail chair at 20 €?
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What would be the marginal product for three workers, if the total products, according to the number of workers are: 1-9,000, 2-17,400, 3-24,900? Two decimal numbers, by rounding (when it be necessary)
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What would be the marginal product for three workers, if the average products, according to the number of workers are: 1-10,750, 2-9,500, 3-7,500? Two decimal numbers, by rounding (when it be necessary)
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What would be the total product for three workers, if the average products, according to the number of workers are: 1-16,960, 2-15,360, 3-9,600? Two decimal numbers, by rounding (when it be necessary)
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What would be the total product for three workers, if the marginal products, according to the number of workers are: 1-8,480, 2-7,680, 3-4,800? Two decimal numbers, by rounding (when it be necessary)
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What would be the average product for three workers, if the marginal products, according to the number of workers are: 1-19,125, 2-18,500, 3-16,250? Two decimal numbers, by rounding (when it be necessary)
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What would be the average product for three workers, if the total products, according to the number of workers are: 1-11,475, 2-18,600, 3-24,000? Two decimal numbers, by rounding (when it be necessary)