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The economics is a . . . that studies the human behaviour as the relation between the purpose and the limited means that have alternatives applications
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The scarcity implies that there are not . . . resources to produce enough to cover all the needs
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The scarcity also implies that all the society's objectives can not be met at the . . ., so it must follow a priority politics
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Human societies have . . . the politics to decide the priorities and the way to satisfy them
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The economic agents are: households, firms and . . .
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The public sector takes part in the economy by making laws that regulate the way that the other . . . act 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, goods and services that the society things that it must be able to receive all the . . .
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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 . . . the standard of living in our country (butter)
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The legislation that forces the firms to reduce the pollution raises the cost to . . . goods and services
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The Production Possibility Frontier (PPF) is the group of productive factors or . . .' combinations that reach the highest production
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The situations that can be given in a country's productive structure are: . . . productive structure, efficient productive structure and unattainable productive structure
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In the efficient productive structure there are no . . . resources and the best technology is utilized
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The Production Possibility Frontier (PPF) is decreasing because in order to produce . . . of one good it is necessary to produce less of another
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The displacement of the Production Possiblity Frontier (PPF) can be due to technological improvements, an . . . 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 without use . . .
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Bartering began with the need to exchange what is owned for what is . . .
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The native people of . . . also exchanged their products in markets.
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The . . . started to issue 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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Between . . . and the 1st World War the Gold Standard was mainly adopted
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By the end of the 2nd World War the allies established a new financial system in the . . .
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By 1971 the European central banks tried to convert their dollar reserves to gold, creating an unsustainable situation for the . . .
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The monetary authorities and the Central Banks take part in the exchange market to . . . the short-term speculative fluctuations
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In capitalism the . . . is fixed in economic action so that capital accumulates.
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The founding fathers of . . . are John Locke, Juan de Mariana, Adam Smith and Benjamin Franklin
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. . . holds that the State can increase the effective demand by avoiding the cyclical crisis
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The . . . needed a huge bureaucracy at the service of the State, so the decisions and the reaction capacity were slower
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The Russian Civil War happened in the first months after the . . . Revolution and the appearance of the first Soviet Republics
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Although at the beginning the . . . economy was more productive than the capitalism, soon the firms stopped being productives and the State became continuously in debt to maintain the full employment
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. . . is trying to defend the centralized economic system by making some reforms or concessions in strategic sectors, like tourism, to the market economy, prevailing abroad
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A production process . . . inputs into outputs (goods or services) with physical, technological, human and other types of resources
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The three factors that Classic economists use are: land, . . . and capital
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Today . . . is considered, a component of capital or a component of a wider natural factor (natural resources or natural capital)
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To the concept of physical capital or . . . 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 intangible capital (know-how, organization, non-physical but computable assests, . . ., knowledge economy)
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To avoid double accounting added value is calculated in each . . . of the production process
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The types of division of labour are: industrial division, . . . division and collateral division
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The . . . product is the amount of units of product that are obtained for every unit of factor used
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. . . 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 usefulness.
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The relationships between . . . nations and their colonies aren't unilateral
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The business . . . manages and plans the activities of the purchasing, production, transport, warehousing, maintenance and distribution departments
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The firm clasification according to the . . . is: the primary sector, the secondary sector and the tertiary sector
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The mining belongs to the . . . sector
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In the firms that belong to only one person, this person has a unlimited responsability (with . . . he owns)
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A . . . has more than 250 workers
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In a . . . company, the owners are the workers
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Total costs are those that a company has in a production process or activity. They are the sum of . . . costs and variable costs
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Except when there are structural changes, in the economic units – or productive units – . . . costs have a linear behaviour, because the average value per unit tends to be constant
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Profit is total income minus total production and distribution . . .
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In Andalusia, traditionally the main products have been . . ., olive tree and grapewine.
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The fish farm of . . ., in Granada, exports 40% of its caviar production, and it competes in international markets with Russian and Iranian caviar
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In Andalusia, the value of the production of the forest areas is only . . .% of the agricultural production
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The three main countries that buy Andalusian products are Germany, France and Italy with . . .% of the total exports
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What would be the added value in the first stage of the production if the wood is sold at 200 €, the wholesale chair at 270 € and the retail chair at 450 €?
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What would be the added value in the second stage of the production if the wood is sold at 200 €, the wholesale chair at 270 € and the retail chair at 450 €?
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What would be the added value in the third stage of the production if the wood is sold at 200 €, the wholesale chair at 270 € and the retail chair at 450 €?
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What would be the marginal product for three workers, if the total products, according to the number of workers are: 1-1,000, 2-1,933.33, 3-2,766.67? 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: 1-1,075, 2-950, 3-750? 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: 1-1,060, 2-960, 3-600? 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: 1-662.5, 2-600, 3-375? 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: 1-1,530, 2-1,480, 3-1,300? 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: 1-612, 2-992, 3-1,280? Two decimal numbers, by rounding (when it be necessary)
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La oferta es la cantidad de . . . que los productores ofrecen a diferentes precios y condiciones dadas en un determinado momento
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Si, en respuesta a un incremento de un 10% en el precio de un bien, la cantidad ofrecida se incrementa en un 20 %, la elasticidad de la oferta sería . . .
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Mientras mayor sea la capacidad . . . que hay en una industria, más fácil sería incrementar la producción si los precios suben
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La “ley de oferta” quiere decir que los productores ofrecerán más de un servicio, producto o recurso si su precio se . . .
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Donde la curva de oferta del trabajo se inclina hacia arriba y hacia la izquierda (elasticidad negativa), el efecto ingreso es . . . que el efecto sustitución.
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A . . . disponibilidad de los factores de producción, mayor oferta
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A . . . precio del bien, menor demanda
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Si los productos son complementarios, a mayor precio de uno de ellos, . . . demanda del otro
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Decreciendo los precios de los bienes . . . decrece la preferencia de la gente por comprarlos porque no son percibidos por más tiempo como productos exclusivos o de alto standing,
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En la mayoría de las interpretaciones, economistas clásicos tales como Adam Smith mantuvieron que el mercado libre tendería hacia el equilibrio económico a través del mecanismo del . . .
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El coste de oportunidad del tiempo empleado en viajar usualmente se calcula como el producto del . . . de viaje y el valor del tiempo de los viajeros
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En el corto plazo, los mercados de competencia perfecta tienen una . . . distribución, ya que la producción bajo competencia perfecta tendrá lugar siempre cuando los costes marginales son iguales al ingreso marginal, y por consiguiente cuando el coste marginal es igual al ingreso medio.
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En competencia perfecta, en el corto plazo, es posible para una empresa aislada hacer beneficio si el precio o . . . está por encima del coste medio
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En la . . . hay muchos consumidores con la disposición y capacidad para comprar el producto a un cierto precio y muchos productores con la disposición y capacidad para ofrecer el producto a un cierto precio
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Los monopolios están caracterizados por una falta de . . . económica para el bien o servicio que ellos proveen y una falta de bienes sustitutivos viables
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Típicamente un monopolio selecciona un precio más alto y una cantidad . . . de producción que una empresa precio-aceptante
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Una adquisición, también conocida como . . . o “comprar su parte a”, es la compra de una compañía (el objetivo) por otra
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Una fusión . . . ocurre cuando una compañía privada que tiene fuertes perspectivas y que está impaciente por crecer financieramente compra una compañía públicamente cotizada
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En un monopolio . . . hay ambos, un monopolio y un monopsonio en el mismo mercado.
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Los georgistas mantienen la curva de oferta de la tierra es . . . (es decir, elasticidad cero).
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Los principales determinantes del mercado de capitales son la renta y el . . .