Q: What is this collusion? The subject is principal of microeconomics.
A: Collusion is a strategy generally formed when there are few firms in the market to take extra…
Q: What is an incremental benefit-cost ratio?
A: An incremental benefit-cost ratio is a type of benefit-cost analysis that helps to understand the…
Q: Doctrow uses the following terms to describe; Someone who puts capital into production and…
A: Production: It is a cycle of consolidating different material information sources and unimportant…
Q: What is a logical fallacy
A: A logical fallacy is a statement that appears to be true unless you apply the logic and later you…
Q: What is golden rule solution?
A: Introduction : In economics, the Golden Rule savings rate is the rate of savings which maximizes…
Q: Explain what is the three methods of linking theory and analysis?
A: Theories: It refers to the big ideas that help in solving the various kind of problems in the…
Q: What is economic paradigm
A: A paradigm (/prdam/) is a distinct collection of ideas or thinking processes in science and…
Q: a good example of a resource would be? a. stocks b. Human capital c. bonds d. intital public…
A: Resource refers to the service or the various assets owned by the business which are used for the…
Q: What is the difference between Gordon method and Brainstorming?What are the methods of generating…
A: New ideas can be developed using brainstorming. It stimulates an environment of creativity.…
Q: Does energy independence increases or decreases scarcity.
A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…
Q: What are transaction costs? How does opportunistic behavior tend to increase transaction cost?
A: Cost: It refers to the goods and services price that is charged by the producer. The more the cost…
Q: Explain the cause-effect relationship...
A: The term "cause and effect" refers to a link between two events in which one causes the other.
Q: Why does the catch-up effect appear?
A: The catch-up effect or theory of convergence states that the poorer economy will tend to grow faster…
Q: What is the difference between consummatorymotives and instrumental motives?
A: Motives refer to the reasons that acts as the purpose of doing a task. The motive helps the…
Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…
A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…
Q: What are the merits of inductive method? Briefly discuss what are the shortcomings of this method in…
A:
Q: What is cost leadership strategy advances?
A: In a market, there are different strategies used by the firms to gain competitive advantage such as…
Q: Is it better to have a high or low dependency ratio?
A: A dependency ratio is a ratio that measures the age-population aged between 0-14 and above 65 that…
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: Explain five planning steps that are required to have a good business communication. Take any of the…
A: The five planning steps that are required to have good business communication are: (i) Identifying…
Q: The results expressed in the Bertrand model are often referred to as the “Bertrand Paradox.” Why do…
A: Bertrand model is defined as a model of Oligopoly , where the firm independently chooses the prices…
Q: How do Mankiw’s ten principles connect with Baumann’s ten principles
A: Mankiw's principles and Baumann translation of those principles are interlinked to each other.…
Q: What single question is the most powerful for solving ethical dilemmas?
A: Answer Can be mentioned that the single question that is more powerful in solving ethical dilemmas…
Q: What is the fundamental problem of econometrics? 2. Explain in words and with the formula we
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: definitions of economics
A: The economics records the transactions of buying and selling of goods, it is a branch of social…
Q: Illustrate some examples of straight-line methods?
A: According to the straight-line method of depreciation, the equal amount of depreciation is allocated…
Q: Why did Henry George (American Economist) pay particular attention to his popularity and legacy?
A: Henry George (September 2, 1839 – October 29, 1897) was a political economist, journalist, and…
Q: How do you think a centrally planned economy versus a market economy would perform under each…
A: Economy is the system where people earn their livelihood. And there are mainly three types of…
Q: What are the aims of science as a cognitive enterprise?
A: The philosophy of science is the study of science as a cognitive enterprise, i,e; a knowledge…
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: List the seven steps of the the hypothetico‐deductive method of research.
A: Data is the set of different quantities, qualities, or symbols collected to analyze the study or…
Q: Is the international gold standard is an example of spontaneous order?
A: The international gold standard is a system where gold or currency which is convertible into gold at…
Q: We have addressed 4 'schools' of western Ethics: Kant's Deontological reasoning, Aristotle's Virtue…
A: Rousseau's Social Contract is the foundation for the AICPA Code of Professional Conduct - Rule 201.…
Q: Compare and contrast German Historical School’s inductive method with Marginalist’s deductive…
A: The German Historical School rejects the method of classical political economy. The thoughts of the…
Q: Why or how can you explain Card and Krueger's findings?
A: David Card and Alan Krueger, Princeton economists, discovered that raising the minimum wage does not…
Q: Why is deductive reasoning stronger than inductive reasoning? A. Because it makes assumptions based…
A: Deductive reasoning is stronger than inductive reasoning
Q: Why would I use a one-tailed (directional) hypothesis? What are the limitations of using a…
A: When performing a null hypothesis to test the significance level, a researcher needs to analyze the…
Q: how "framing effect" in economy from behaviorual economy affects managers decision making for…
A: Business requires production. Production activities around the world have increased due to growing…
Q: . Consider the following conversation. CHAD: “None of the COVID-19 vaccines in Canada has full…
A: Logical Fallacy is that the use of invalid or otherwise faulty reasoning, or "wrong moves" within…
Q: In one paragraph, concisely explain the historical connection between evolutionary biology and long…
A: Evolutionary economics influences both mainstream economics and a heterodox school of economic…
Q: Difference between microeconomics and macraeconomics
A: microecomomics - 1) Microeconomics is the study of economics which is studied from the point of…
Q: What is the difference between Gordon method and Brainstorming?
A: The process of forming and transmitting ideas, whether they are abstract, tangible, or visual, is…
Q: Explain the historical connection between evolutionary biology and long-run competitive markets.
A: A perfectly competitive market refers to the market in which there is a large number of sellers and…
Q: If you are evaluating a company, then would you need to use the CAPM model or do your prefer a…
A: The capital asset pricing model (CAPM) refers to a financial theory that proposes a linear link…
Q: How does stakeholder emphasis of the creation of stakeholder value differ from the economic model?
A: The concept "stakeholder worth" alludes to the highest attainable value for each stakeholder in a…
Q: what is the best example of negative integration and positive integration?
A: Economic integration:- Economic integration is a treaty among nations that typically means the…
What is Post hoc fallacy?
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