Is Dismal theorem is better than stern review?

Q: Questions 16– 17. The data in the following table show the results of a survey on the number of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What are the difference between wagners Law and Parkingsons law?

A: Both the Wagner’s law and Parkinson’s law are two different laws of economics where Wagner’s law is…

Q: What is this collusion? The subject is principal of microeconomics.

A: Collusion is a strategy generally formed when there are few firms in the market to take extra…

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: Applying Immanuel Kant’s moral philosophy, what is ONE argument that you can come up with FOR or…

A: Immanuel Kant (1724–1804) contended that the preeminent rule of morality is a norm of sanity that he…

Q: Explain why it is important for an economic modelto be an abstraction from the real world.

A: Because the real world is far too complex to comprehend in detail, it is critical for an economic…

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: What are the answers to parts d-f of this problem?

A:

Q: Multiple Definition of economics

A: There are several definitions of Economics given over time. We have covered the most important ones…

Q: what does elimination of bias mean when doing a research study

A: The research process is riddled with difficulties and pitfalls, and inexperienced researchers…

Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…

A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…

Q: what is artificial scarcity ?

A: Scarcity is defined as shortage of goods or resources. Scarcity is a naturally occurred shortage,…

Q: Economic value is a utilitarian concept - do you agree or disagree? briefly explair and justify your…

A: Utilitarianism is a moral philosophy that promotes activities that bring happiness or pleasure while…

Q: What is the major difference between microeconomics and Marcoeconomics.

A: Economics is categorised in two category microeconomics and macroeconomics. Individual and corporate…

Q: Define managerial economics and its relation with economics theory and decision science?

A: As wants and desires of the individual in the economy are unlimited but the resources possessed by…

Q: What are the aims of science as a cognitive enterprise?

A: The philosophy of science is the study of science as a cognitive enterprise, i,e; a knowledge…

Q: Herbert Simon, the Novel Prize-winning economist, described the rational model of decision-making in…

A: The model of Herbert Simon is a decision making model. According to this model, the decision making…

Q: Write down the merits of deductive method of economics? 300 words

A:

Q: List the seven steps of the the hypothetico‐deductive method of research.

A: Data is the set of different quantities, qualities, or symbols collected to analyze the study or…

Q: How will you explain the formal definition of econometric?

A: Definition: Econometrics is the utilization of factual techniques utilizing quantitative information…

Q: How do economic incentives interact with pro-social behavior?

A: The objective of this question is to understand the relationship between economic incentives and…

Q: Whose work on decision making received a 2002 Nobel Prize?

A: Answer: Princeton University psychologist Daniel Kahneman received a 2002 Nobel Prize. He won this…

Q: How is profit defined under the Marxian and Neoclassical Schools of thought?

A: Marxian economics is a school of thinking based on Karl Marx's ideas, as the name indicates.Marx…

Q: What is the Coase theorem? What are its implications?

A: Coase Theorem & Example As per the Coase hypothesis, despite market shortcomings coming about…

Q: Why is market definition important for economic decision making?

A: Market: Market refers to the place where the buyers and sellers contact each other, and this…