Explain what is the three methods of linking theory and analysis?

Q: different societies require different amounts of societal resources

A: Societal resources- The resources that are related to the society.

Q: Identify some rules or laws that govern social responsibility in business. Also what is the…

A: The procedures that organizations take to examine their environmental and social effect are referred…

Q: Which model of communication acknowledges communication as an ongoing, dynamic process of…

A: At the marketplace, communication is the primary factor to make an economic transaction or an…

Q: how can CYCLING be considered as a competitive SPORT AND a LEISURE activity by referring to the…

A: Genuine leisure' cycling has created as a reevaluation of the conventional type of the game. This…

Q: Which of the following statements best describes scarcity? a. Production is efficient, but…

A: Every country poor or rich, has a problem of scarcity. It does not afflict only countries.

Q: Explain why a movement from a point inside a production possibilities frontier to the production…

A: The points on production possibilities frontier indicate the combination of two goods that are…

Q: How is trust the building foundation of the circular flow model/economic model? 3.

A: Circular flow of economic model represents the economic arrangement in which there are two major…

Q: What are three important way by which "consumer cities" may differ from "production cities?"

A: Cities have historically been perceived as providing benefits in production and drawbacks in demand,…

Q: You own a building that has two possible uses: a grocery store, and a clothing store. The value of…

A: value of Grocery store = $7000 value of clothing store = $10,000 Opportunity cost = Return on best…

Q: What are the essentital fetaures of classical schools of thought (ECONOMICS)

A: Adam Smith is the founder of the classical school of thought. His work "An inquiry into the wealth…

Q: Which one of the following statements about the static linear city model in topic 4 is correct? (…

A: Liner model: In this model economists presented the ideas of locational balance in a duopoly in…

Q: In your own words, explain the concept of the “invisible hand” as it relates to economic theory. Why…

A: In this ,the entrepreneurs are the self interested individuals who are interested in making certain…

Q: Provide a critical discussion on each of the following economic systems. Discussion should include…

A: An economic system refers to the means by which a particular government/society organizes and…

Q: What does ceteris paribus means?

A: Economics means the condition of a group regarding its material prosperity.

Q: Can someone type a paragraph in a document approximately 350-450 words about 'technology and…

A: Technology, in economics, refers to the changes in the production process in the manner which…

Q: Horizontal MP with Parent Provided Intermediates: 3. Use the model of partial horizontal MP to…

A: Profits for a firm are extracted by taking a difference between business revenue and cost of…

Q: What thing is considered as an integral part of the capitalistic economy? One word

A: According to the given question Actually the capitalistic economy is also known by the other name…

Q: xplain/expound the following statement in not more than five (5) sentences: “You also have to have…

A: Innovation represents the new ideads or invevtions or modifications in existings ideas. The…

Q: Is communicative action a necessary part of strategic planning? Argue in a four-point.

A: There is no doubt that communicative action is a necessary part of strategic planning. Following are…

Q: Supply and Demand Graph $6.00 Price (per slice) 1 $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 0 50 150…

A: goods and services prices is determined by the market forces which includes demand and supply .…

Q: Why do we use general equilibrium analysis rather than partial equilibrium analysis to study…

A: GET attempts to elucidate the functioning of the macro economy as an entire, instead of as…

Q: What does the Heckscher-Ohlin theorem say? Does the theorem make intuitive sense? Why / why not?

A: Heckscher-Ohlin theory in international economics states that an economy tends to produce and export…

Q: What aspects & principles characteristic of non-market systems are important in our market economy?

A: A non-market system is an administered price system in which the prices of properties are set by an…

Q: Distinguish between economics and political economy.

A: Economics basically refers to the study of resource allocation in order to meet a society's material…

Q: What can affect the prioritization of economic goals.

A: The objective of economic effectiveness has been characterized as the most elevated conceivable…

Q: How can looting of Shops undermine the capitalistic economic system in the private ownership of the…

A: Capitalism is a monetary framework where private people or companies own capital products - for…

Q: Describe Porter's Five Forces Model and explain each of the five forces.

A: Porter's Five Forces are the instruments use to examine different micro-environmental organization…

Q: Social fluidity is all about transformation that results from social actions and reactions in…

A: Concept Members from various classes have varied possibilities of landing in one destination class…

Q: Ql: Shortly define the following terms with examples. 1. Tradeoffs 2. Economic Efficiency 3. Mixed…

A: Economics is a discipline that involves all the possible terminologies that cater to the economic…

Q: Do you agree that human beings, having the ability to direct their own behavior by rational decision…

A: Answer 1 Assuming you say indeed, you feel that individuals can never be constrained right into it…

Q: Consider your decision to study this final exam. Which of the four core principles of economics…

A: Marginal Principle is defined as the increase in the level of an activity when its marginal benefit…

Q: definitions of economics

A: The economics records the transactions of buying and selling of goods, it is a branch of social…

Q: what is the major economic schools of thought?

A: A school of economic thought deal with economists who have a particular view or perspective…

Q: How does economic freedom (people have choices on how to spend their money), private property (you…

A: Capitalist economy is a type of free market where every party consumer, producer acts freely in…

Q: What is meant by the following (the elements of the economic problem can be analyzed into two main…

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: What are the five groups on the diffusion of innovationcurve?

A: Innovation curve represents the relationship between the rate at which a new technology is adopted…

Q: Discuss purpose and importance of studying economics. Also discuss the scope of microeconomics and…

A: Factors of production or economic resources are the major building blocks of production in an…

Q: Microeconomics and macroeconomics Determine whether each of the following topics would more likely…

A: Economics is a part of social science which deals with the decisions related to production,…

Q: In relation to social research, what does the term "philosophical framework" mean?

A: Philosophy raises issues of knowing. As a result, economic philosophy raises concerns regarding the…

Q: Provide examples and applications of the 3 classifications of principle of motion economy and show…

A: The 3 classifications of principle of motion economy  principles of motion economy as related to…

Q: Determine whether each topic in the following table would more likely be studied in microeconomics…

A: Microeconomics is the branch of economics that studies the choice-making decisions and behaviors of…

Q: Van and Amy are farmers. Each one owns a 12-acre plot of land. The following table shows the amount…

A: The country produces that good in which it has a ‘comparative advantage’ in producing that good. The…

Q: Define scarcity, choice, and opportunity cost and explain how they are related and why they are so…

A: Economics  Economics is the study of scarcity and how it impacts a variety of complex social issues,…

Q: The graph below represents a change to a PPF. Assume the production of cars is represented on the…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: Supply and Demand Graph $6.00 Price (per) $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 Supply 0 50 200…

A: At equilibrium price and quantity are determined through the interest of market forces . Demand =…

Q: An economy will achieve productive efficiency when it ___ and will achieve allocative efficiency…

A: Productive efficiency implies that, given the accessible data sources and innovation, it's difficult…