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Q: normative economics define and give example

A: Normative economics: - Normative economics is that branch of economics that passes value judgments…

Q: Using the Aggregate Demand - Aggregate Supply model, which of the following could cause a recession?…

A: Recession is period of economic slowdown. It refers to the decrease in output produced below its…

Q: In your own words, what does "economics" actually mean? What are some of the different schools of…

A: The study of economics examines how societies make use of scarce resources to produce valuable goods…

Q: differences between goods and services?? for economics

A: In economics, products and services are sometimes used interchangeably. Customers are supplied these…

Q: a. Profit is maximized at a price of $ b. The profit-maximizing level of output is__ c. At the…

A: A monopoly firm maximizes its profit where marginal revenue is equal to the marginal cost. The firm…

Q: if you want to have anything good you have to do it yourself violates which principle of economics

A: This violates the principle of Economics that says "Trade can make everyone better off". This…

Q: How will apply the principles of shifting demand and supply in economics

A: There are 2 important principles that apply in shifting demand and supply in economics. The demand…

Q: Can you explain donut economics

A: Economics: It describes the interaction of people with value.

Q: Economics is defined as the study of: Select one: O a. central planning b. government regulation c.…

A: Economics have two main branches that are microeconomics and macroeconomics.

Q: Is economics a science? Why, or why not?

A: Economics is related to the production, distribution, and consumption of goods and services.…

Q: Suppose the central bank for the Island Nation of Somberio creates a new currency and issues…

A: The money multiplier is the amount by which the money supply increases for every unit increase in…

Q: 5. Suppose that Inflation and Unemployment interaction is modeled by p=a-T-BU + gn dπ dt du dt =j (p…

A: Given: p = a − T − ßU + gπ dπ/dt = j(p − π) dU/dt = −k(m − p) g = 1, j = 1, ß = 1, k = 5, m = 1

Q: Economics is primarily concerned with: * The future costs of goods O Consumer prices The training of…

A: Since you have asked multiple questions, we will solve the first question from each picture for you.…

Q: What is the market for bananas an example of? Select one: O a. Micro economics O b. Positivist…

A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…

Q: You run a small classroom market experiment with only three buyers and three sellers. The…

A: Social surplus, also known as economic surplus or total surplus, refers to the overall benefit or…

Q: Back to Assignment Attempts Average /5 Working with Numbers and Graphs Q9 The following table…

A: Opportunity cost of Nicki Kamal X 30/300 = 1/10=0.1 100/200 =1/2=0.5 Y 300/30 = 10 200/100 = 2…

Q: a. People have limited incomes and unlimited wants and desires. How will you define economics in…

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: What is Economics? And why was Alfred Marshal’s theory criticized?

A: Answer - Economics :- It is the social science which deals with how a consumer behaviour and there…

Q: Explain the nature of economics your own words, the explanation should be different from other…

A:

Q: Who is the 'father of economics'?

A: To find : Who is father of economics.

Q: The table below summarizes the comparison between four mutually exclusive alternatives using the IRR…

A: The Internal Rate of Return (IRR) is a financial metric used in economics to estimate the…

Q: Explain Key principles of economics

A: Economics refers to the study which explains the how resources are scarce and how the available…

Q: 4. Who expressed the view that 'Economics should be neutral between ends'?

A: To find : Who expressed above statement.

Q: 1. What is the fundamental reason behind the study of Economics?

A: Economics is the branch of knowledge in which we study microeconomics or macroeconomics.…

Q: What is normative statement, explain with an example?

A: Economics is based on two concepts wherein the theoretical part is divided into positive and…

Q: Can yo help me with easy words. Is economics a science? Why? Definitions of “science” and…

A: Yes economics is a science.It is a social science that studies human behavior related to resources…

Q: In what ways is economics a science and why do economists make assumptions

A: Introduction: An economist is a professional and practitioner in the social science subject of…

Q: what does reading shakespeare or dostoevsky add to an economics student?

A: Using the work of Shakespeare , traces of economic literary criticism to its cultural and historical…

Q: His study of economics is concerned more with human behavior. a. Alfred Marshall b. Karl Marz c.…

A: The meaning of economics is the management of households. In Ancient Greek, the word Eco means home…

Q: Whar is Economics ?

A: ‘Economics’ is the study of human behaviour that how an individual gets their livings. It is also…

Q: In the simple Keynesian model, evaluate the government spending multiplier, the tax multiplier and…

A: The Keynesian school of economics rejects the classical assumption that views an economic system to…

Q: The fundamental reason to study economics is to study ____.     how choices are made     how…

A: In the world, people has unlimited wants, but the resources to fulfill these wants are limited. It…

Q: can By increasing the interest rate it pays on bank reserves, the Federal Reserve the level of…

A: The Federal Reserve or Fed is the central bank of the country U. The main goal is to promote a…

Q: What is scarce in economics

A: Economics is a subject of social science. It is commonly said that economics is the queen of social…

Q: Autonomous Consumption R535m Marginal propensity to consume is 0.75 Investment Spending R322m…

A: C=C0+cYd C=Consumption C0=Autonomous Consumption C=Marginal propensity to consume Yd=Disposable…

Q: What is economics and why is it a relevant subject?

A: Economics is the study of putting the scarce resources to the best possible use that would increase…

Q: The study of economics uses scientific methods, but it is NOT a laboratory science. Instead, it is…

A: Economics is a field that studies how individuals, businesses, governments, and societies make…

Q: Economics

A: Amartya Sen has been known as the Mother Teresa of Economics for his work on starvation, human turn…

Q: Could you explain in economics concepts the situation in the image why there is incentives in the…

A: Anything that inspires someone to act is considered an incentive.Economic incentives are hence the…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: Equilibrium quantity and price is determined where market demand is equal to market supply. The…

Q: The beta of an active portfolio is 1.45. The standard deviation of the returns on the market inde>…

A: here calculating the standard deviation of the returns on the active  portfolio as follow

Q: What is economics most concerned with? keeping interest rates low O making money allocating scarce…

A: What is economic most concerned with.