In terms of Islamic Economic, what is the Muslim Consumer Behavior and why it is related to the economy?

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A: Scarcity, limited resources and unlimited wants are the reason for the tradeoffs between current and…

Q: Who is william smith

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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…

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A: The PPP is defined as the purchasing power parity which explains the purchasing power of the…

Q: Economy can be represented by economic models. One of the models we use to understand economy is a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Which consumption theory best explain the consumption behaviour of consumers in our economy

A: Consumption is using the product or service that is being produced in the society. There are several…

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: ppose the information in the following table is for asimple economy that produces only the following…

A: According to the question given that the data of basket of the services and goods. a) Real GDP can…

Q: ch the economy with its definition

A: Mixed Economy - It is the economy in which the decisions related to the economy (mainly consumption…

Q: Describe briefly: What is "value" for economists?

A: Economists are those who have knowledge about economics. They study the way an economy works and…

Q: what are the three approches in measuring economics activity? why do they give the same answer

A: Economic activity means when a country is economically active that means there is some activity…

Q: One of the three basic questions an economy has to face is (blank) goods and services will be…

A: Economics is the study of production, distribution, and allocation of resources. It deals with the…

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A: Even if interest rates fall, a customer who was formerly a lender remains a lender.  This customer…

Q: Using the Circular flow of money and goods, discuss how decisions in a household affected the…

A: Business impedances and terminations from social-isolating measures. To evaluate the monetary impact…

Q: How to apply circular economy for tennis ball?

A: Circular economy The term circular economy refers to the resource consumption model whereby the…

Q: what is Law of economy

A: The construction of a general truth based on specific observations or tests that traces out a causal…

Q: How does the LAC fit in the picture and what are the implications for the region?

A: Latin America and the Caribbean were formally recognized by Beijing as a "natural extension of the…

Q: In what ways does franchising contribute to an overall economy?

A: Franchising is a process of marketing and distributing products where the owner of the business that…

Q: Question one: According to classical economic theory, there is an invisible hand in the economy.…

A: According to the classical economic theory, there is an invisible hand in the economy. This can be…

Q: what is the common between musharaka and mudaraba?

A: Both of these concepts are the ideal alternative for interest-based financing with far-reaching…

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A: Microeconomics is a part of economics that is used to understand how resources can be allocated in…

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Q: Question According to Stiglitz "it is better to be a cow in Europe than to be an average person in…

A: The income inequalities are rising rapidly across the world. The developing countries are far behind…

Q: 4. Use the following information for the fictional economy Wee Britain in the year 2020:

A: Since you have asked multiple questions, we will solve the first  3 questions for you. If you want…

Q: (b)       Lori is a student who teaches golf on the weekend and in a year earns $20,000 after paying…

A: The income of an individual refers to the total amount which is earned from all the sources over a…

Q: Define economy

A: Economics studies how resources are allocated in a manner that most of the human wants are met. A…

Q: I want to know the background of cashless economy. Like how it is start and the influence in the…

A: Sometimes the cashless economy is misunderstood with an economy without cash. Cashless economy has…

Q: imagine that you are a barber in a world without money.Explain why it would be tricky to obtain…

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Q: modern capitalist societies, use value of house is subordinate to exchange value of house. What does…

A: Value: Exchange and Use Value For Marx (1996, 1993) the worth of an item has two important, however…

Q: Does owning new clothes, shoes and the latest electronics mean that someone is rich? Explain.

A: We are going to discuss the scope and approach to test hypothesis mentioned in the question.

Q: Economy can be represented by economic models. One of the models we use to understand economy is a…

A: (b) Economy can be represented by economic models. One of the models we use to understand economy is…

Q: a. Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts…

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Q: 18. If consumers in the U.S. buy $3.5 billion of clothes made by businesses in Bangladesh, how is…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

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A: Circular-flow of income The circular flow or circular-flow of income is a model of the economy in…

Q: Could you say that the consumers are a significant aspect of an economy? If so, why?

A: Consumers are those who pays for the consumption of services and goods that are produced within an…

Q: Three major flows in an economy are; production, money and spending. Select one: True False

A: In economics, all the variables or economics concept are based on three major economic flows

Q: If savings are at $1300 and income is worth $2200, what would the value of consumption be

A: According to neoclassical economists, ingestion serves as the ultimate goal of economic activity; as…

Q: Imagine an economy that only produces burgers. Kathleen is the queen of that economy and she has a…

A: GDP refers to the market value of good and services produced within the domestic boundaries of a…