Answered: Economics is the study of a. The…

Economics is the study of a. The population of the country b. The environment of the country c. How to establish a company d. A choice among alternative uses of scarce resources

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter2: Economic Systems And The American Economy

Section: Chapter Questions

Problem 7AA

See similar textbooks

Related questions

Q: 1. Discuss 4 reasons why some country use less advice of economists

A: Since you have asked multiple question, we will solve first question for you. If you want any…

Q: Economics starting from the 1870's ......... choose one or more : a) has become increasingly…

A: Economics is a subject which deals with the consumption, production and distribution of commodities.…

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Draw and explain the product and productivity curve of a economymaking milk and cookies.what happens…

A: The production possibilities frontier (PPF), shows the trade-off that an economy exhibit while…

Q: The branch of economics that looks at the operation of a nation's economy as a whole

A: Economics is a broad subject. Microeconomics and macroeconomics are the two important branches of…

Q: give and explain in details eight (08) new economic policies suggestions to the Government of…

A: Over the last two decades, Pakistan's economy has grown modestly. Annual per capita growth has…

Q: How do the different sectors of the economy interact? Explain.

A: The circular model is the model that shows the flow of money in an open economy. There are four…

Q: Will giving children/students money help improve their interest in Economics and increase their…

A: When talking about the study of economics and finance, it can be said that a student learns a…

Q: Economics MOST broadly includes anything related to a. national economies b. decision-making c.…

A: Economics is far more than money. It's all about balancing the pros and cons of various options. The…

Q: Later Submit Section 4: Economic Activity in India ections: On the line provided, write the economic…

A: Market Economy : It can be defined as the economic system where the market is governed by the forces…

Q: What does the Third World country mean to the subjects of Economics?

A: In economics developing countries are known as third world country.

Q: Q.1. Explain with examples various economic systems exist in the world. Oman following which…

A: sorry for inconvenience however i can only answer 1 question (upto 3 subparts) in one session.

Q: d. A hurricane in California forces Disney Land and Hollywood to shut down for a month. e. One new…

A: GDP is the final value of goods and services produced in an economy during a given period of time at…

Q: What is the significance of the four forms of business? Write at least three each

A: What is the significance of the four forms of business? Write at least three each. Answer: There are…

Q: Why do we need to study Economics? 1. ITS FUN 2. IT PROVIDES 3. IT IS UNDERSTANDING USEFUL IN ON HOW…

A: Economics is a part of social science that primarily explains the interaction between people for…

Q: Critically evaluate the following statement (i.e. discuss whether you agree with the statement or…

A: A poverty region can be understood that a region, where people are not able to consume the basic…

Q: Adam Smith did not considered ________ as one of the component of production

A: According to the given question The components of the production in economics can be classified into…

Q: What is scientific research? explain the concept of scientific, what is i. perception research ii.…

A: Scientific research is a study that is performed with the goal of contributing to science via the…

Q: Enumerate eight (8) Characteristics of a Good location: Micro Economics Business Concept

A: All the business operations conducted out the course operation by a firm is business activities.

Q: What are the economic problems and how we do resolve these problems? ( Explain 4 problems and their…

A: All societies face economic problems which is a problem of how to make the best use of scarce…

Q: List 1-3 things that you learned about basic economic concepts.

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: Why is scientific literacy is important? Answer can be related to decision-making, economic…

A: There is a type of government which is known as communist type of government. In this type of…

Q: Name 2 reasons why socio economic issue pase a challenge to the business

A: Socio Economic Issues are those problems which are resultant of some aspects in the society and…

Q: Being a Business Economics student, give and briefly explain at least Five (05) new economic…

A: Answer: Pakistan government should adopt an expansionary fiscal policy to fight economic depression…

Q: Solve the attachment.

A: Economics is a discipline that includes all the aspects and concepts related to the economy. The…

Q: what is your idea about economics

A: Economics is used for the study of how resources can be allocated in an efficient manner. It was…

Q: what was the economic event and how did you solve the problem

A: Every one of the events which can be estimated as far as cash are named economic events and are…

Q: Define economics. Also discuss the flow of goods, services, resources and money payments in a two…

A: Economics Economics is a branch of knowledge that is concerned with the production, consumption and…

Q: By doing research and producing new products and services, businesses can create value by…

A: In today's increasingly competitive market climate, innovation is the key to the firm’s survival,…

Q: why is innovation important for the economy? how we could enrich it?

A: Innovation is the progress in ideas, technology etc which benefits the economic agents (producers,…

Q: A. why richer countries have higher savings rates. B. the patterns of international trade among…

A: The Solow-Swan model or exogenous development model is a monetary model of long-run financial…

Q: what type of economy do people work for about to hours then spend the rest of their time drinking…

A: The only kind of economy where working for a few and relaxing for longer hours is possible is a…

Q: Prepare 5 important points for the article

A: The above article analyses the impact of digitization on the labor market. It initially talks about…

Q: Define the basic terms in economics based on the pictures.

A: The photographs in the question is related to basic economic terms, which are as under.

Q: the economy. Explain

A: The formula for the national product in the economy is as follows NATIONAL PRODUCT = DOMESTIC…

Q: What is a research question explain and give example?

A: The most important aspect of undertaking research is to accurately identify the research question…

Q: (describe) 3 ways in build an economy based on the principles of sustainability,

A: Sustainable development does not just imply the humanity must meet its current requirements without…

Q: Explain the central problem of “how to produce” in economics

A: According to the given question All the societies faces the economic problems in the country which…

Q: study economics

A: Economics is the branch of social science which deals with the human behavior and measures economic…

Q: Economics please help all 3 true or false and with explain

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Question

Economics is the study of
a. The population of the country
b. The environment of the country
c. How to establish a company
d. A choice among alternative uses of
scarce resources

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

mail publisher tests two for the same book." how to get rich in real state."at 15$ and 25$. He mails each to ad to 5000 rndomly selected names from a list of book buyers . 150 people order the book for 25 $, while 250 respond to the 15$ offer. The mail order publisher decides to advertise all future for 25$. Dis he make a mistake? ( hint: how much does it cost to produice and fulfill the orders for the book? What is the value of the book buyers list?)
Raffe, an American, works for a company that manufactures electronics. His managers select him for an assignment to lead the launch of a new product line in Germany. Which topic will be the most important during training to prepare him for the assignment? A. the advantages of U.S. culture B. marketing skills C. how to determine the purchasing power of his salary in Germany D. details about the new product lin E. what to expect from German cultur
Because the companies have a great deal of economic _______________ they can decide what products to produce and how to produce them
Question: Which type of Economy is Indian Economy?[A] Mixed[B] Market[C] Capitalist[D] SocialistPlease Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 30 dislikes for you and more from my friends accounts also.
MULTIPLE CHOICE. Choose the letter of the best answer. Write the chosen letter on the space provided for 1. The letter M in MOOC stands for? a. Media c. Market b. Massive d. None of the Above 2. A technology that helps instructors evaluate their students' learning. a. Analytics c. Online exams b. Learning trackers d. All of the above 3. This refers to a society's characterized by the shift from letters to e-mails, newspapers to news web pages, books to e-books, and so on. a. Electronic Society c. Paperless Society b. Internet Society d. Digital Society 4. Which of the following is not an example of modern wearable technology? a. Smart Watches c. Smartphones b. Fitness Trackers d. Headsets 5. Refers to a type of learning that happens anytime, anywhere, and with anyone. a. Ubiquitous Learning c. Wide Learning b. Global Leaming d. None of the Above IDENTIFICATION: Identify the term/s being referred to below. Write your answers to the space provided before the number. 1. The…
The study of economics uses scientific methods, but it is NOT a laboratory science. Instead, it is referred to as which kind of science?A. FalseB. NearC. SocialD. Neuro Please dont use any ai tool.
45. Minutes. I already bought bartlet I hope u can help me to answer this activity of mine.GO GO GO. 5 Engineering Economic > ECONOMICS
Answer questions a - c . Show clear working and explanations for it.
Good day please help with this q for economics
Solve on paper ( economics)
Write/ find an article about U.S economics that happened recently within last week.
Match the product to the category in which it belongs. WORD BANK Club good, Common reosurce, private good, public good 1.Loaf of bread- 2.Military- 3.Night Club- 4.Hammer- 5.Toothbrush-