Even though Jeremy is a better gardener and novelist than Bill, Jeremy still hires Bill as his gardener. Why?

Q: Ben says that "An increase in the tax on beer will raise its price." Holly argues that "Taxes should…

A: There are two types of statements - positive and negative. A positive statement is based on facts…

Q: To become an agricultural economist, is it more important to know agriculture or to know economic…

A: Agriculture was a central factor in the emergence of physically active human civilisation, when…

Q: Which of the following is a positive, rather than a normative, statement?a. Law X will reduce…

A: There are two types of statements in economics, which are : Positive statement or positive economics…

Q: Why is the ecotourism important for economies? Discuss in terms of sustainable development,…

A: Ecotourism means responsibly travelling to the natural areas in a view to preserve local habitats.…

Q: Economics is a social science which deals with human behavior as a relationship between ________. a.…

A: It is said that Economics is a social science which deals with human behavior as a relationship.

Q: Which of the following statements are normative or positive? Explain your answer. Unemployment rate…

A: 1. Unemployment rate will increase for the next quarter.  Positive Statement

Q: What is important of studying economics? Give two good examples how the knowledge can help you in…

A: No subject of the current day is so significant as the study of economics. economics oversees the…

Q: Explain why economics is so cool

A: Economics is a study of human behavior that helps to understand how individuals satisfy their…

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: According to Adam Smith, the butcher, the baker, and the brewer do what they do because of…

A: Adam Smith economic theory: Adam Smith is a philosopher who has given a theory that market tends to…

Q: Services are perishable, which means they cannot be stored or inventoried. What attempts might a…

A: Economics as a subject is used to study and plan the allocation of scarce resources among humans…

Q: Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce…

A: Given, Number of people = 100  1 ham requires 100 people

Q: Mahatma Gandhi once said “Happiness is when what you think, what you say, and what you do are in…

A: The great aim of life to have is happiness, it is something needed to be worked on every day. Being…

Q: what is the differences and the similarities between customer success manager, environmental…

A: Customer success managers (CSMs) support your customers as they transition from sales possibilities…

Q: WHO IS THE FATHER OF THE MODERN ECONOMICS

A: Economics is the study of social activities in which people interact with each other to make…

Q: Please give two advantages of a free market economy

A: Free market is the one where government does not make market decisions as the demand and supply of…

Q: What is a ‘final good’? Select one: a. A good not used as an input in the production process b. A…

A: A final good is a commodity which is used or used by the end user. The successful (product) needs no…

Q: What is economics? A social science that teaches one how to cope with scarcity. A discipline that…

A: Economics is a social science that deals with economic behavior and the problem of scarcity.

Q: How will you explain production as a source of economic well-being?

A: Production is the key feature of economic well being of any nation.The manufacturing units are…

Q: Determine if the following statement is normative or positive: Households that participate in SNAP…

A: Positive Economic: The positive economic deals with the issues or things as they exist. It studies…

Q: Do the higher property prices are considered normatively positive or normatively negative?

A: Positive Statements : Positive Statements are those statements in economics which deals with the…

Q: Is there any graph that can show about the Malthusian Theory of the decreasing in supply food that…

A: The Malthusian argues that population increases at a geometric rate and food supply increase at an…

Q: What determines whether a good is “capital” or a “consumer good”?     How it is purchased: with…

A: Capital merchandise square measure merchandise that square measure utilized by one company to help…

Q: Because one’s productivity in the workplace is likely to be affected by one’s health, investment in…

A: Health is very important factor related to productivity and they are positively related to each…

Q: Wealth is a means for obtaining material gains in human life. Wealth is of no meaning if it cannot…

A: The economics is studied due to problem of scarcity of resources. The desires of the people are…

Q: Classify the following questions as Microeconomics or Macroeconomics and provide a justification for…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: As technological change makes us more sedentary and food costs increase, obesity is likely. What…

A: An increase in the cost of food and makes individuals more sedentary is one of the major drawbacks…

Q: Agricultural economists are frequently accused of spending too little time in the real world. A…

A: The agriculture sector is one of the major sectors of the economy on which the economic growth of…

Q: Which of the following is a normative economic statement? a. The national unemployment rate in…

A: Normative statement is a statement that is subjective in nature and is based on one's opinion and…

Q: In a market economy, decisions are guided by individual self-interest. What impact does this have?…

A: A market economy is an economic system in which supply and demand determine how goods and services…

Q: A computer systems engineer could paint his house, but it makes more sense for him to hire a painter…

A: A person should do work according to their profession and working interest. It will improve working…

Q: What are the responsibilities of an economic analyst? Elaborate in complete sentences using…

A: An economic analyst collects, analyses, and applies complicated data in order to produce actionable…

Q: your opinion which 3 of Friedman's 10 major flat World events have contributed the most to the…

A: Globalization indicates that various traditions and practices that local communities share have…

Q: Is profit maximization acceptable as the objective of production in Islamic Economics? Why

A: According to Islamic consumer behavior, it evokes an economy that is low cost and has low…

Q: What is the scope of agricultural economists

A: Agriculture Economies is the study of how finite resources are allocated among competing and…

Q: Who is your favorite economic thinker and why? Who is your least favorite economic thinker and why?

A: Keynes is favorite economic analyst  Keynes clarified how the public authority can assume a…

Q: The study of economics is best defined as how

A: Human wants are unlimited and means to satisfy these wants are scarce and limited. People face trade…

Q: Do economists have any particular expertise at making normative arguments? In other words, they have…

A: Both positive and normative economics are the branches of modern economics. The positive analysis…

Q: Give two factors that lead to the price of energy from new technologies to increase.

A: Introduction Energy, fossil fuels, oil, and sustainable energy markets are complex and continuously…

Q: Determine if the following statement is normative or positive: Americans should have access to food,…

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining…

Q: to become an agricultural economist is it more important to know agriculture or to know economics…

A: Agricultural economics refers to the economic system that produces, distributes, and consumes…

Q: What are the specific functions of Econometrics in Economics or in Agricultural Economics?

A: Econometrics is a branch of economics to deal with economic problems in advance manner.

Q: Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce…

A: It is given that the town has the total population of 100 people. The town likes to consume the hams…

Q: Which of the following is true?

A: The tax revenue is the income of the government. The tax earned would result in the income for the…