Economy, asked by Perfectdude, 11 months ago

From reason based questions only from Q1 to Q9 plzzz i tried but not happening. Help

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Answered by preetgoswami44

1.In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy. Typically, every agent makes decisions by solving a well- or ill-defined optimization or choice problem.

3.The Production Possibilities Curve(PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used toillustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.

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