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The economics is a science that studies the human behaviour as the relation between the purpose and the limited . . . that have alternatives applications
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The scarcity implies that there are not enough resources to produce enough to . . . all the needs
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The scarcity also implies that all the society's objectives can not be met at the same time, so it must follow a . . . politics
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. . . societies 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 . . . who make an economic activity.
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The . . . make the decisions about the production 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 . . . when they go to the market
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The public sector takes part in the economy by offering, at a lower price or for free, . . . that the society things that it must be able to receive all the population
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The . . . 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 standard of living in our country (butter)
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In the modern society, the dilemma between a clean environment and a . . . income level is also important
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The legislation that forces the firms to reduce the pollution raises the cost to produce . . .
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The . . . is the group of productive factors or technologies' combinations that reach the highest production
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The Production Possibility Frontier (PPF) reflects the highest good and services' . . . 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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To be under the PPF signifies that either not all the resources are used (. . . resources) or the technology isn't adequate (technology can improve).
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In the efficient productive structure there are no idle resources and the . . . technology is utilized
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The . . . is decreasing 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 . . ., this is, the unattainable points can be reached.
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The . . . is to buy or to sell by using a product or service instead of money as a exchange money
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The beginnings of the . . . go back to the first sedentary communities of human beings.
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Bartering began with the need to . . . what is owned for what is needed
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In spite of everything, . . . didn't disappear with the arrival of the coins.
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Civilitations have adopted several goods as money (gold, . . ., other metals or minerals, wheat, bars of tea in China, etc.)
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The states started to . . . notes 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 . . ., based in gold and silver
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With the Gold Standard any citizen could convert the paper money into an equivalent amount of . . .
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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 . . . at 35 dollars per ounce for the foreign governments
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In . . . of 1971, 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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By 1973, the dollar devalued another 10%, until, finally, the dollar conversion to gold was . . .
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In . . . capital dominates over work as a element of production and creator of wealth
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In capitalism the ownership of the means of production is . . .
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The founding fathers of capitalism are . . ., Juan de Mariana, Adam Smith and Benjamin Franklin
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The most prominent contemporary representatives scholars for the Chicago school of economics are . . . and Milton Friedman
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The manipulations of the centralice planning economy are made with multi-annual economic plans (. . .-year plans), which explains in great detail the supply, production methods, wages, infraestructura investment, . . .
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The centralice planning economy appeared in . . .'s Soviet Federal Socialist Republic
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The Russian Civil War happened in the first months after the October Revolution and the appearance of the first . . . Republics
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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 . . . and the Komintern
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Nowdays . . . and the East countries go toward a Market Economy
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In reality, . . . country with a totally market or centralized economy exists, but more or less a combination of both in increasing or decreasing degree
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. . . economists use the three factors that Adam Smith defined
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. . . is rewarded by the wage
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Today land is considered, a component of . . . or a component of a wider natural factor (natural resources or natural capital)
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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 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 . . . countries.
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The new factors of production are: natural capital, physical capital, . . . and intangible capital (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 . . . the abilities of the workers and the production
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The . . ., generally speaking, deals about specialization 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 . . . are: industrial division, vertical division and collateral division
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One of the advantages of division of labour is to save . . . because each worker doesn't need to have all the tools that he would need for the different functions
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The less time used to obtain the wanted result, the . . . productive the system is
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Productivity is connected to the production standards, if people improve these standards then they will save resources and it will be reflected in the increase of their . . .
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The economic interdependence is a result of . . .
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The power countries need the . . . to obtain raw 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: . . ., price, distribution or place and advertising or promotion.
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The firm clasification according to the economic activity is: the primary sector, the secondary sector and the . . . sector
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The fisheries belong to the . . . sector
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The main economic activities from tertiary sector are: services and . . .
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The firm classification according to the . . . is: Microenterprise, Small enterprise, Medium-sized enterprise and Great enterprise
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The firm classification according to the . . . of the activities is: local, regional, national and multinational
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In a public sector company, the owner is . . .
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An . . . firm wants to have more market share
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. . . costs are also called structure costs
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Except when there are structural changes, in the economic units – or productive units – variable costs have a . . . behaviour, because the average value per unit tends to be constant
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Profit is total . . . minus total production and distribution costs
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Negative profit is called . . .
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In the last decades, in Andalusia, traditional farming has decreased and farming of wheat, . . ., beetroot, cotton and sunflower has increased
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The fish farm of Riofrio, in . . ., exports 40% of its caviar production, and it competes in international markets with Russian and Iranian caviar
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Andalusia has . . .% of the metallic extractions
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By 2007 the tertiary sector produced . . .% of the jobs.
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What would be the added value in the first stage of the production if the wood is sold at 7 €, the wholesale chair at 9 € and the retail chair at 15 €?
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What would be the added value in the second stage of the production if the wood is sold at 7 €, the wholesale chair at 9 € and the retail chair at 15 €?
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What would be the added value in the third stage of the production if the wood is sold at 7 €, the wholesale chair at 9 € and the retail chair at 15 €?
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What would be the marginal product for two workers, if the total products, according to the number of workers are: 1-33,000, 2-63,800, 3-91,300? 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: 1-86,000, 2-76,000, 3-60,000? 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: 1-159,000, 2-144,000, 3-90,000? 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: 1-132,500, 2-120,000, 3-75,000? 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: 1-260,100, 2-251,600, 3-221,000? 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: 1-9,180, 2-14,880, 3-19,200? Two decimal numbers, by rounding (when it be necessary)