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The economics is a science that studies the human . . . as the relation between the purpose and the limited means that have alternatives applications
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The scarcity implies that . . . enough resources to produce enough to cover all the needs
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The scarcity also implies that all the . . . objectives can not be met at the same time, so it must follow a priority politics
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Useful means . . . that has capacity to satisfy human's needs
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Human societies have developed the politics to . . . the priorities and the way to satisfy them
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The economic agents are: households, . . . and public sector
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The public sector is formed by the different . . .
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The public sector takes part in the economy by redistributing the . . .
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The opportunity cost is what an . . . loses when he makes a decision
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The more we spend in national security to protect our coasts from the foreign aggressors (cannons), the less we'll spend in . . . to improve the standard of living in our country (butter)
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The legislation that forces the firms to . . . the pollution raises the cost to produce goods and services
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Higher costs can create lower company . . ., 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 productive factors or technologies' combinations that . . . the highest production
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The Production Possibility Frontier (PPF) reflects the highest good and services' amounts that a society can produce in a fixed time period and with ones production's factors and ones given . . .
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The . . . productive structure is located in the frontier or very near to it
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The . . . productive structure is theoretical because no country can produce more than is possible
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The . . . is concave because the opportunity cost is increasing
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The displacement of the Production Possiblity Frontier (PPF) can be due to technological . . ., an increase in capital, an increase of workers or the discovery of new natural resources
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The barter or exchange is to buy or to sell by using a product or service instead of . . . as a exchange money
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The first sedentary communities of human beings knew agriculture and shepherding, they lived . . . than their nomadic ancestors and they enjoyed better security
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Bartering began with the need to exchange what is owned for what is needed. Although, on occasion, many intermediary exchanges were necessary to satisfy needs. That, combined with the . . . of settlements and expansion of commercial networks facilitated the appearance of the concept of “coins”
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The . . . used the barter or exchange as the basis of their commercial system
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The first historical signs that we have of money shaped as a coin in the . . . are those of the Phoenicians
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The states started to issue notes and coins that gave right to the bearer to . . . them for gold or silver from the country's reserves
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Between 1870 and the 1st World War the . . . Standard was mainly adopted
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By the end of the . . . the allies established a new financial system in the Bretton Woods' Agreements
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By 1971 the USA's expansive fiscal politics cause the abundance of . . .
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In December of 1971, the president of the United States, Richard Nixon, suspended on his own the dollar conversion to gold and . . . the dollar by 10%
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The monetary authorities and the Central Banks take part in the exchange market with the objective of maintaining at . . . the prices' stability
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In . . . the profit is fixed in economic action so that capital accumulates.
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Free enterprise exists in . . .
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. . . thinking, in economics, holds that the government's role must to be reduced as much as possible.
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John Maynar Keynes holds that the State can increase the effective . . . by avoiding the cyclical crisis
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In the . . ., because the wages and the prices were fixed by the State, the firms needn't be competitive and the workers were unmotivated, because they earned the same if they did their work well or badly.
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The centralice planning economy appeared due to the state of emergency and the war economy for the war against the . . . Army and the Triple Entente during the Russian Civil War
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The centralice planning economy got worse with Stalin and his followers, when the Soviet Union was born, with the so-called . . . politics
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In the case of the . . ., it had to assign a huge amount of its budget to maintain the army and the war technology in its Cold War with the USA.
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Nowdays Russia and the East countries go toward a Market Economy. China is looking for a . . .
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A production process converts inputs into . . . (goods or services) with physical, technological, human and other types of resources
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The three factors that Classic economists use are: . . ., labour and capital
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. . . economist only use capital and labour
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In the economy of knowledge and . . . development produced since the end of the 20th Century, people consider that technology and science (what has been called R&D -Research and Development- or even R, D&I - Research, Development and Innovation -) is a 4th factor of production that characterizes more and more the production in the industrialised countries.
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To the concept of physical capital or financial capital is added the concept of human capital or . . . 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 Intangible capital (know-how, organization, . . ., intangible labour, knowledge economy)
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Added Value is the . . . in value that is produced in a good in each phase of the production process
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The division of labour, generally speaking, deals about specialization and cooperation of the labour forces in . . . and roles, with the objective of improving efficiency.
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The division deals with division of tasks within an industry or firm.
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The . . . product is the variation that the total production experiences when it uses one additional unit of factor
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A . . . productivity using the same resources or producing the same goods or services equals greater profitability for the company
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The . . . is the difference between the increase rate of the production and the weighted increase rate of factors (labour, capital, ...).
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The relationships between imperialist nations and their colonies . . . unilateral
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The . . . is in charge of organizing the factors of production, capital and labour
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The Grundy's Four P's are: product, price, distribution or place and . . . or promotion.
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The a. . . belongs to the primary sector
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The . . . and building firms are in the secondary sector
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In the firms that belong to only one person, this person has an . . . responsability (with everything he owns)
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The firm classification according to the size is: Microenterprise, Small enterprise, Medium-sized enterprise and . . .
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The firm classification according to who is the owner is: private sector company, public sector company, . . . company and self-management company
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The firm classification according to the . . . is: applicant firm, specialist firm, leader firm and follower firm
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. . . costs are those that a company has in a production process or activity. They are the sum of fixed costs and variable costs
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If the activity level . . ., variable costs decrease
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In Microeconomic Theory variable costs are not . . ., at the beginning they are more increasing but after that they are less increasing
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Profit is . . . value minus input value
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In Andalusia, the primary sector takes up . . .% of the working population
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In Andalusia, . . . farming, mainly in Almeria has also increased.
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In . . ., in Andalusia, the most important animals are deer and wild boars but also wild goats, mouflons, fallow deer, roe deer, etc.
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In Andalusia, . . . sector has had a very important increase in the last decades
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Andalusia is the . . . Spanish community in tourism
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What would be the added value in the first stage of the production if the wood is sold at 3 €, the wholesale chair at 7 € and the retail chair at 12 €?
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What would be the added value in the second stage of the production if the wood is sold at 3 €, the wholesale chair at 7 € and the retail chair at 12 €?
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What would be the added value in the third stage of the production if the wood is sold at 3 €, the wholesale chair at 7 € and the retail chair at 12 €?
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What would be the marginal product for three workers, if the total products, according to the number of workers are: 1-6,300, 2-12,180, 3-17,430? 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: 1-18,060, 2-15,960, 3-12,600? Two decimal numbers, by rounding (when it be necessary)
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What would be the total product for three workers, if the average products, according to the number of workers are: 1-41,340, 2-37,440, 3-23,400? 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: 1-17,490, 2-15,840, 3-9,900? 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: 1-67,320, 2-65,120, 3-57,200? 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: 1-84,150, 2-136,400, 3-176,000? Two decimal numbers, by rounding (when it be necessary)