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The economics is a science that studies the human behaviour as the relation . . . the purpose and the limited means that have alternatives applications
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The scarcity implies that there are not enough . . . to produce enough to cover all the needs
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The scarcity also implies that all the society's objectives . . . be met at the same time, so it must follow a priority politics
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Useful means everything that has capacity to . . . human's needs
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Human societies have developed the politics to decide the priorities and the way to . . . them
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The . . . make the decisions about what to consume and they have the most of the productions factors
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The public sector takes part in the economy by making . . . that regulate the way that the other economic agents act when they go to the market
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The public sector takes part in the economy by . . ., at a lower price or for free, goods and services that the society things that it must be able to receive all the population
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The opportunity cost is what an agent loses when he makes a . . .
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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 personal goods to improve the . . . in our country (butter)
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The legislation that forces the firms to reduce the pollution . . . the cost to produce goods and services
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Higher costs can create lower company profits, lower . . ., higher prices or all the three things at the same time
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The . . . 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 technological knowledge
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The situations that can be given in a country's productive structure are: inefficient productive structure, . . . productive structure and unattainable productive structure
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The efficient productive structure is located in the frontier or very . . . to it
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The . . . is concave and decreasing
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The Production Possibility Frontier (PPF) is concave because the . . . is increasing
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The displacement of the Production Possiblity Frontier (PPF) can be due to technological improvements, an increase in capital, an . . . of workers or the discovery of new natural resources
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The barter or exchange is to . . . or to sell without use cash money
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The first jobs in the first sedentary communities of human beings, like pottery or . . ., started to develop
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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 growth of settlements and expansion of commercial networks facilitated the appearance of the concept of “. . .”
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When the exchange is frequent, the . . . systems quickly find the need to have some goods with monetary properties
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The money in the first phase had an . . . value
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The states started to issue notes and coins that gave right to the bearer to exchange them for gold or silver from the country's . . .
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With the . . . Standard any citizen could convert the paper money into an equivalent amount of gold
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In the . . . 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 35 dollars per ounce for the foreign governments
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By 1971 the . . . central banks tried to convert their dollar reserves to gold, creating an unsustainable situation for the USA
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By . . ., the dollar is devalued another 10%, until, finally, the dollar conversion to gold was finished
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The monetary authorities and the Central Banks they take part in the exchange market with the objective of avoiding situations like . . ., that destroy the value money leading to less of trust or deflation.
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In capitalism the profit is fixed in economic action so that capital . . .
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The political doctrine that historically has led the defense and implementation of . . . has been economic and classic liberalism
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The most prominent contemporary representatives scholars for the Austrian school of economics are . . . and Friedrich Hayek
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In the . . . the production factors are in the hands of the State, who is the only important economic agent
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The . . . is inspired by Marxist theory
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The centralice planning economy appeared due to the state of emergency and the war economy for the war against the White Army and the Triple Entente during the . . . War
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The centralice planning economy was extended after the . . . War for all The East Europe and many asian countries, under the Soviet Union and the Komintern
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In the case of the USSR, it had to assign a huge amount of its budget to maintain the army and the war technology in its Cold War with the . . .
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Cuba is trying to defend the . . . economic system by making some reforms or concessions in strategic sectors, like tourism, to the market economy, prevailing abroad
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A . . . includes actions that happen in a planned way and produce a change or transformation of materials, objects or systems, at the end of which we obtain a product
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The three factors that Classic economists use are: land, labour and . . .
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Neoclassic economist only use capital and . . .
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In the economy of knowledge and business development produced since the end of the 20th Century, people consider that technology and science (what has been called . . . 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 intellectual capital, even social capital, as a way of explaining the . . . 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, non-physical but computable assests, intangible labour, . . .)
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Added Value is the increase in value that is produced in a good in each phase of the . . . process
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The division of labour, generally speaking, deals about specialization and cooperation of the labour forces in tasks and roles, with the objective of improving . . .
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The . . . division is the division that separates different professions.
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The . . . is the ratio of the obtained production through a production or services system and the resources used to obtain it
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A greater productivity using the same resources or producing the same goods or services equals greater . . . for the company
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The TFP is a measurement of the effect of the economies . . ., in which the total production increases more in proportion to the amount that each factor of production increases.
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The colonies need the foreign . . . for their development
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. . . selects, hires, trains, employes and maintains collaborators of the organization
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. . . studies how the enterprise can obtain and manage the money that it need to achive its objectives and how it arranges its assets
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The l. . . belongs to the primary sector
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The industrial and . . . firms are in the secondary sector
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In the firms that belong to only one person, this person has a unlimited responsability (with everything he . . .)
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A . . . has between 11 and 50 workers
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In a . . . company, the owners are individuals
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The firm classification according to the market share is: applicant firm, . . . firm, leader firm and follower firm
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Total costs are those that a company has in a production process or activity. They are the sum of fixed costs and . . . costs
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If the activity level decreases, variable costs . . .
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In Microeconomic Theory variable costs are not linear, at the beginning they are more increasing but after that they are less . . .
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Profit is output value minus . . . value
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In Andalusia, traditionally the main products have been wheat, . . . tree and grapewine.
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The Andalusian fishing fleet is the . . . most important of Spain
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In Andalusia, . . . resources are very important due to their extension and diversification: grass, fruits, wood, etc., and due to other aspects such as the fixing of the ground, hydric regulation and maintenance of the flora and the fauna
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By 1975 the tertiary sector produced . . .% of the Andalusian Gross Value Added (GVA)
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What would be the added value in the first stage of the production if the wood is sold at 1.5 €, the wholesale chair at 13.5 € and the retail chair at 28 €?
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What would be the added value in the second stage of the production if the wood is sold at 1.5 €, the wholesale chair at 13.5 € and the retail chair at 28 €?
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What would be the added value in the third stage of the production if the wood is sold at 1.5 €, the wholesale chair at 13.5 € and the retail chair at 28 €?
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What would be the marginal product for two workers, if the total products, according to the number of workers are: 1-5,100, 2-9,860, 3-14,110? Two decimal numbers, by rounding (when it be necessary)
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What would be the marginal product for two workers, if the average products, according to the number of workers are: 1-36,550, 2-32,300, 3-25,500? Two decimal numbers, by rounding (when it be necessary)
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What would be the total product for two workers, if the average products, according to the number of workers are: 1-43,990, 2-39,840, 3-24,900? Two decimal numbers, by rounding (when it be necessary)
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What would be the total product for two workers, if the marginal products, according to the number of workers are: 1-45,050, 2-40,800, 3-25,500? Two decimal numbers, by rounding (when it be necessary)
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What would be the average product for two workers, if the marginal products, according to the number of workers are: 1-148,410, 2-143,560, 3-126,100? Two decimal numbers, by rounding (when it be necessary)
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What would be the average product for two workers, if the total products, according to the number of workers are: 1-140,760, 2-228,160, 3-294,400? Two decimal numbers, by rounding (when it be necessary)