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- Economics is best defined as the study ofa. how society manages its scarce resources.b. how to run a business most profitably.c. how to predict inflation, unemployment, andstock prices.d. how the government can stop the harm fromunchecked self-interest.In your own words, Explain what is BJMP. Write in 200 words.profit push inflation bunga ng implasyon
- Choose correct answer 4. Scarcity is in relation to people’s a. Wants and demands b. Wants c. Money d. Demands 5. Economics assumes that people, businesses and governments make good decisions a. True b. False 6. Goods and services have a price because a. Resources are scarce in relation to people’s demands b. Resources are scarce in relation to people’s wants c. Nothing is free d. Customers demand products 7. The basic Economic problem is a. Reduce the rate of inflation b. Control growth of unemployment c. Protect the market system d. Allocate resources to satisfy wants 8. Annabel’s demand for shampoo depends on a. Choices based on unlimited options b. Scares resources c. Making choice based on limited options d. Budgeting based on impulse buying 9. A need is a. something that a person must have in order to survive b. something that would help a person survive c. something that a person wants to look good 10. The economy gets a lot of money from a. Trading with…Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows from the bank. The interest rate is 5% in the market. Find the opportunity cost that Inayah has to bear in order to start a business?Why isn’t money considered capital in economics? Which of the following are microeconomic issues? Which are macroeconomic issues? a. How will an increase in the price of Coca-Cola affect the quantity of Pepsi Cola sold? b. What will cause the nation’s inflation rate to fall c. How does a quota on textile imports affect the textile industry? d. Does a large federal budget deficit reduce the rate of unemployment in the economy? Explain the importance of the ceteris paribus assumption for an economic model. Analyze the positive versus normative arguments in the following case. What statements of positive economics are used to support the requiring of airbags? What normative reasoning is used? Should the Government Require Air Bags? Technological advances continuously provide new high-tech options to save lives that add to the price of cars, such as cameras, radar, and airbags. Airbag advocates say airbags will save lives, and the government should require them in all cars.…
- A microeconomic analysis would deal with? a. How the change in the price of gas effects a family b. inflation c. unemployment d. Real GDPSolve ASAP.. Don't CopyA.Explain why newly posted job vacancies are not filled instantly when there is unem ployment? B. Capitalism Why did the institutions of capitalism lead to growth in living standards?
- 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.Entrepreneurs are: a) enterprising person who discovers potentially profitable opportunities and organize, direct, and manage productive ventures. b) crtical to the success of any economy, especially if the economy relies heavily on markets. c) an economic resource because they discover more effective and profitable ways to produce the goods and service people want. d) all of the aboveChoose the statement that does not describe Microeconomics. a. The effect of an increase in the Tax on cigarettes on cigarette sales b. The purchasing decisions that an individual consumer makes. c. The effect of increasing the money supply on inflation. d. All of these
