Describe verbally how to solve y=mx+c. What assumptions have you made about the value? The question requires a written explanation on how to solve y=mx+c.
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Describe verbally how to solve y=mx+c. What assumptions have you made about the value?
The question requires a written explanation on how to solve y=mx+c.
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- Is it possible for there to be inflation present in the economy and still witness a decline in a large number of goods? If so, how and why is this possible?Why is the economic indicator “consumer sentiment” relevant for making successful policy decisions?Which among the following is not true? Select one: a) None of the answers are correct b) Time is a valuable economic commodity c) Economic value of time varies from person to person d) Economic value of time is same for each person e) All the answers are correct
- Why is this answer different to the other answers for the same question?If the real value of something is what people will pay for it, if it is not marketable, how do you know the price? How do you estimate?What is the answer for the question Despite their differences, with which proposition are two economists chosen at random most likely to agree? A) Employers should not be restricted from outsourcing work to foreign nations. B) Centeral Banks should focus more on mainstreaming low unemployment than on maintaining low inflation. C) Business managers can raise profit by reducing costs than by raising revenue.
- Classify each of the following statements as positive or normative. Explain. Society faces a short-run tradeoff between inflation and unemployment. A reduction in the rate of growth of money will reduce the rate of inflation. The Federal Reserve should reduce the rate of growth of money. Society ought to require welfare recipients to look for jobs. e. Lower tax rates encourage more work and more saving.what are the three approches in measuring economics activity? why do they give the same answerMicroeconomics includes all of the following EXCEPT. (A) the effect of increasing the money supply on inflation (B) the purchasing decisions of an individual consumer (C) the effect of an increase in cigarette tax on cigarette sales (D) the hiring decisions a firm makes
- State whether you agree with the following statement and why: “It doesn’t make sense to give poor people cash since they’ll spend it on cigarettes and lottery tickets instead of needed items.”Explain the role of science in policymakingThe assumption that total wealth in the world is fixed had important consequences for the analysis of both the mercantilists and the scholastics. Explain
