A major event such as a disastrous hurricane or national security crisis which attracts widespread media attention to an issue and can impact one's preferences on that policy area is known as a(n). Not yet antwered Select one: O a. focusing event O b. framing Oc priming O d. policy development
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- please answer it legible and clear with complete solutiuon and asnwer it all... thank younvellu Xl.com/Student/PlayerHomework.aspx?homeworkld=611294898&questionld=8&flushed%3Dfalse ITMG 1B Econ 2100 Homework: Basics ... Question 8, 1.1 Question... HW Scor > O Point: nic The problem of scarcity O A. can be solved in a market economy. O B. exists because the unlimited human wants cannot be satisfied with limited resources. O C. would disappear if there were no market failures. O D. exists because the limited human wants cannot be satisfied with available resources. O E. always results in shortages of some goods.Wendy Be Help ell me what you want to do ー t ▼ 스▼tt ▼ TNorm allTNo Spac Heading 1 Heading 2 Title Subtitle Subtle Em Emphasis Intense E Paragraph Styles the opportunity cost of any decision that you make involves giving up something. I would like you to evaluate your opportunity cost of taking this course at Kean University. What opportunities may be afforded to you after you have completed your educational endeavor at KU? What will you have to give up now to accomplish your short and long-term goals? Being a full time online student
- Which of the following is an example of a normative statement? Select one: O a. An increase in the price of tea will decrease the amount of tea purchased. However, it will increase the amount of coffee purchased. b. The minimum wage led to increase unemployment and unskilled workers O c. None of the answers are correct O d. the inflation has increased in India by 50% in the past three years e. Reducing taxes have positive impact on the economic growth2. Your opportunity cost of going to a movie isa. thepriceoftheticket.b. thepriceoftheticketplusthecostofanysodaandpThe world in which we live is complex and to understand it, human beings make use of some orother simplification process. A theory can accordingly be seen as an attempt to simplify things.Such an observation may come as a surprise to those who have often heard remarks to the effectthat such and such a theory is difficult, or at the least terribly complicated. We should neverthelessremind ourselves that a theory involves an attempt to simplify things – it is the world out there thatis the complicated entity. A particular theory (or model) is merely trying to reduce it to manageableproportions, at least as far as understanding our environment is concerned.”In economics, theory is presented in a simple form by making the…1.23a) Post hoc assumptionb) Fallacy of compositionc) Ceteris paribus assumptiond) Blinkered approach
- Lcom/:w:/g/personal/swhite2_bu_edu/EV8wKQXB9QdNvQPbGJ6pm9cBdWPipCeu9s0GwUQJy8aG0g?e=sL5u4x SM131 Course P SM132 & EC102 P... P PIAZZA BU Healthway Wallstreetbets Fantasy Bbal| Discover Login practice final 1 For questions 50 and 51 the table below showing the input costs of making bread and cheese might be helpful. Assume that that costs are constant and that England and Spain each have 40 hours available to make food. Labor Hours Needed to Make 1 Unit of Bread Cheese Spain England 1 12 50. England has a comparative advantage in the production of a. neither good and Spain has a comparative advantage in the production of both goods. b. cheese and Spain has a comparative advantage in the production of bread. c. bread and Spain has a comparative advantage in the production of cheese. d. both goods and Spain has a comparative advantage in the production of neither good. 51. At which of the following prices would both England and Spain be willing to trade with each other? a. England and…Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Question 3 The difference between positive and normative economics is best summarized as saying that positive economics is descriptive, while normative economics is prescriptive. O positive economics is pessimistic, while normative economics is optimistic. O positive economics is objective, while normative economics is biased. O positive economics is biased, while normative economics is objective.
- Situation in which the amount of an item available is less than people want; O a. Scarcity O b. Production Possibility Frontier O C. Resources Od Opportunity costQUESTION 19 Mohamed says that "gas prices are rising because there aren't enough oil refineries." Ahmed argues that "gas prices are rising because of the growing demand for gasoline from China and India." We can conclude that O A. Mohamed's statement is positive, but O B. Ahmed's statement is positive, but Ahmed's is normative. OC.Both statements are positive. D. Both Mohamed's is normative. statements are normativeIdentify the scarcity definition of economics from the following. a. None of these O b. ways to reduce wants to remove the problem of scarcity. O c. the choices we make because of shortage of resources. O d. the distribution of surplus goods to those in need.