he depreciation of capital equipment v measured by most governments on their national accounts. That depreciation amount V subtracted from GDP Depreciation of human capital V subtracted from GDP is not iS

Q: matters of economics in Proverbs 22:7 and Psalms 37:21?

A: Solution  Proverbs 22:7 The rich rules over the poor, and the borrower is the slave of the lender.…

Q: Ceteris Paribus means

A: To find : What is ceteris paribus

Q: What is incrementalism? How does it impact decision making? How does it differ from the…

A: Incrementalism was first evolved during the 1950s by the American political scientist Charles E.…

Q: Describe 3 ways in which human decision differs from the rational individual conventional economic…

A: The behavioural economics is the subfield of economics that integrates the insight of psychology…

Q: 110 is not one of the choices???   Answers to choose from are below  $30 $60 $50 $20

A: Producer surplus is an economic concept that represents the difference between the price a producer…

Q: Why is Nordhaus's optimal trajectory higher than 2 degrees?

A: In the 1977, William Nordhaus , an economist from Yale University, observed through his research…

Q: Where is answer for 4, and the explanation

A: When an entity's production or consuming actions have an effect on a third party who is not tied to…

Q: Suppose a market basket consists of 5 pencils, 2 erasers, and 1 calculator. What is the value of…

A: Given :  Number of things in a market basket :  5 Pencils 2 Erasers 1 Calculator

Q: If scarcity and misallocation are two different concepts, how can either concept be used to better…

A: Scarcity defines the gap between the limitless wants and the limited resources. This situation can…

Q: hat is a basic definition of per diems? what are the pros and cons of per diems?

A: Per diems: It refers to the expenses and it is a Latin expression that signifies "for every day."…

Q: Two simplifying assumptions are used extensively in economics. What are they?

A: Assumptions are a significant part of economics. Economists make assumptions to simplify the…

Q: In what ways do human decision making differ from rational conventional economic theory

A: The rational behaviour is a decision-making process in which chgoices are made in order to obtain…

Q: Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and…

A: According to the economists, errors refer to an action that reduces the chance of success for an…

Q: If two alternative economic models are offered, other things equal, we would

A: An economic model is a simplified version of reality that is used to understand economic behavior by…

Q: the father of classical school of economics was Adam Smith? a. True b. False

A: Adam Smith is considered the father of Classical economics, he had written “The Wealth of Nations”…

Q: Economic models must mirror reality or they are of no value.  When economists make normative…

A: 1. The given statement is false. The economic models are considered as the simplifications of the…

Q: Why is it important for us to use models when studying economics?

A: In economics a Model is defined as a theoretical construct which represents the economic processes…

Q: If economics is a positive science, why do economists always disagree

A: Let’s see it with an example, suppose a nation has a high unemployment rate. The government…

Q: Political biases have no impact on an economist’s opinions? True or False

A: This statement is false.