If you want to emphasize or provide support for an idea, which transition should you avoid? in other words for example in contrast for instance
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- Comment on the statement: “Increasing government spending is preferred to a cut in taxes when the U.S. government seeks to fight a recession.” As we know that the statement is normative, i.e., it has value judgement on the issue of whether large or small government is preferred. Show your own opinion.Explain the term models or paradigms?Fast-and-frugal heuristics are hypotheses about how people ____ make decisions. 1. Normatively 2. Actually 3. Should 4. Don't
- Which is not one of the five major functions of theory? Used for research inquiry Help describe and organize phenomena Explain how an why things happen, and help predict what might happen next Eliminate biasEconomic Models? a. are essential representations of the real world b. are used to explain how people think c. are never used for making economic projections or predictions d. are used to explain how people behavedescribe an important trade-off that you recently faced and give an example of some action that has either monetary or non monetary opportunity cost
- . A marginal change is one that a. is not important for public policy. b. incrementally alters an existing plan. c. makes an outcome inefficient. d. does not influence incentives.Please show all your work about c, d, e! Concretely!!What are the human behaviors economists should observe when creating economic models? Example: people tend to find solutions that are good enough, but not the best solutions..
- Can you please show an example that will illustrate understanding of economic concepts through examples from current events, social media, and pop culture. Covering the areas in the image.Pros and cons of classical school of thoughtQuestion: Which of the following best illustrates the economic way of thinking? a)The ability to use cartographic techniques to describe the natural and human world in maps. b)The science of predicting fish populations based on environmental conditions, population, dynamics and commercial harvest rates c)The capacity to critically evaluate art and theatre. d)The ability to look at an event, such as a cold freeze that damages the orange crop, and predict how it will affect prices and markets.
