Did you know ...
Dr. Ibrahim Oweiss , Georgetown University economics professor , coined the term "petrodollars " to describe the US dollar income of oil-producing countries in 1973 ?
time discipline is the set of social and economic rules, conventions, customs, and expectations about time and its measurement?
in economics , the kinked demand curve theory was the first attempt at explaining sticky prices?
Fischer Black Prize , first awarded in 2003, is the finance analogue to the Clark Medal in economics and the Fields Medal in mathematics , introduced in 1947 and 1936, respectively?
Facebook co-founder Dustin Moskovitz studied economics at Harvard University for two years before moving to Palo Alto , California to work on Facebook full-time?
developing countries hoping to participate in globalization are experimenting with a U.S. -originated economic policy called Rubinomics ?
economist Walter Adams served as expert witness before 36 United States Congressional committees ?
African American economist Abram Lincoln Harris was a four-time recipient of the Guggenheim Fellowship in economics ?
More interesting facts on Economics
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Question 1 : ________ occur where there are significant social costs or benefits from production or consumption that are not reflected in market prices.
Question 2 : Adam Smith's ________ (1776) discusses the benefits of the division of labour.
Question 3 : ________ is also associated with developments in the Keynesian fashion.
Question 6 : This has reduced long-noted distinction of economics from ________ allowed direct tests of what were previously taken as axioms.
Question 7 : Malthus also questioned the automatic tendency of a ________ to produce full employment.
Question 8 : Increased trade in goods, services and capital between countries is a major effect of contemporary ________ .
Question 9 : Managerial economics applies ________ analysis to specific decisions in business firms or other management units.
Question 10 : The existence of information asymmetry gives rise to problems such as moral hazard , and ________ , studied in contract theory .