What evolutionary advantage is suggested for why women are more interested in men’s wealth and success than men are interested in women’s wealth?

Q: Why is the concept of self-interest important in economics?

A: Self-interest is considered as working on any particular operational aspect through which one can…

Q: What are some deficiencies of the capitalist model?

A: Capitalism governs most of modern Western life. Private property, private ownership of the factors…

Q: Why mainstream economics has intentionally misinterpreted the pioneers of economic theory?

A: The economics is the social science that studies the allocation of scarce resources and how the…

Q: Richard Thaler provides three criticisms of the homo economicus model in his book “Missbehaving”.…

A: With the first salvo of wit that will characterise the entire book, Richard Thaler claims that…

Q: In a Capitalistic economy, due to the "mixed market" and economic freedoms that are a part of this…

A: Kinds of economic systems regulate economic choices in various nations. They utilize different…

Q: The narrator in the Planet Money Video poses this question: Is our shirt providing opportunities for…

A: A Dependency Theorist would likely argue that the global economic system, including the production…

Q: What good is economic theory if it can't predict the behavior of a specific individual?

A: The economic theory are the simplification of the economic realities which are used to make the…

Q: What role, if any, will marginalism, incentives, and disinterestedness play in the questions you ask…

A: Marginalism refers to the study of marginal relationships and theories within the economics. The…

Q: Is applied economics related to tourism and hospitality

A: Applied economics: It is the use of monetary hypothesis to decide the probable results related to…

Q: What is Pareto Improvement and Fairness in economic?

A: In economics, efficiency is maximum when there is pareto optimality.

Q: What advantage does economics have over the other social sciences that study human behavior? What…

A: Economics  The allocation of scarce resources by individuals and organizations for production,…

Q: Is it better to have a high or low dependency ratio?

A: A dependency ratio is a ratio that measures the age-population aged between 0-14 and above 65 that…

Q: advantages and disadvantages of positive economics

A: Positive economics: It means the analysis of objectives in the study of economics.

Q: A good economic theory

A: Economic theory is a set of broad ideas or assertions that attempt to explain economic reality. It…

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: True or false? While the endowment bundle must lie on the original budget line, it need not lie on…

A: A budget line addresses the various mixes of two products that are reasonable and are accessible to…

Q: As technological change makes us more sedentary and food costs increase, obesity is likely. What…

A: An increase in the cost of food and makes individuals more sedentary is one of the major drawbacks…

Q: Why must economic theories and models be abstract?

A: Economic theory is based upon the assumption that consumers and investors are rational and also…

Q: What good is economic theory if it cannot predict the behavior of a specific individual?

A: Economic theory helps in analyzing the functioning of an economy. It helps in understanding both the…

Q: What are endogeneity and heterogeneity in economics?

A: Endogeneity and heterogeneity are two significant economic concepts that are frequently utilised in…

Q: A person rents a house for $24,000 per year. The house can be purchased for $200,000, and the tenant…

A: Opportunity cost The opportunity cost is the cost of the next best alternative forgone. An example…

Q: What are the advantages of capitalist economy

A: In a capitalist economy, the production of all the products s and services relies on the demand and…

Q: The branch of economics that is concerned with the study of individual economic unit is known as

A: According to its definition, economics is a social science that examines the issue of product…