10. According to Philippine Statistics Authority (PSA) what is the minimum age that a Filipino must have in order to be classified as an unemployed person? A. 13 years old B. 14 years old C. 15 years old D. 18 years old 11. What kind of approach is used by economists to explain how the economy works? C. positive D. scientific A. Collaborative B. experimental 12. What are you experiencing when your wants are greater than your resources? A. Poverty B. Scarcity C. trade-off D. unemployment 13. What is the reason why we are studying economics? A. Poverty B. Scarcity C. trade-off D. unemployment 14. What type of analysis are economists concerned with in order to become objective? A. careful C. normative D. positive B. negative 15. Which major characteristic of economists enable them to make sound decisions in solving economic problems? A. objective B. prompt C. subjective D. trustworthy

10. According to Philippine Statistics Authority (PSA) what is the minimum age that a Filipino must have in order to be classified as an unemployed person? A. 13 years old B. 14 years old C. 15 years old D. 18 years old 11. What kind of approach is used by economists to explain how the economy works? C. positive D. scientific A. Collaborative B. experimental 12. What are you experiencing when your wants are greater than your resources? A. Poverty B. Scarcity C. trade-off D. unemployment 13. What is the reason why we are studying economics? A. Poverty B. Scarcity C. trade-off D. unemployment 14. What type of analysis are economists concerned with in order to become objective? A. careful C. normative D. positive B. negative 15. Which major characteristic of economists enable them to make sound decisions in solving economic problems? A. objective B. prompt C. subjective D. trustworthy

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

HOW CASH RESTRICTION MANAGERIAL(BUSINESS MANAGEMENT)
ramifications /effects for Employees moving from the UK to Germany?
For distract driving
Your printed name and hand- written signature O Beginning O Closing O Middle
paticipation rates
High quality information gruarantees that every decisions made will be a successful one that benefits the organization
What cultural aspects (language, religion, customs) a company must have in the area of technology
Rational decisions are made through a process (a) that takes a long time and much effort (b) of cost/benefit analyses (c) that clearly indicates what one choice is best (d) of finding the lowest price for a product.
What economical benefits does marijuana have. The economics of Marijuana
Explain the process of communication
This ended up being wrong. Can you please re-do? Thanks
Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.