Q: is this a normative statement: NASA should send a shuttle to Mars to do more research on the planet
A: Normative statements contain value judgements or such statements are advisory type.
Q: Consider the following closed economy SI model set up Y = 18000 C = 300 + 0.8(Y − 2500) I = 3500 −…
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Q: What is okun's law ?
A: The law shows the relationship between the unemployment rata and the GDP.
Q: Why do the prices of primary products tend to be unstable?
A: Primary products refers to the goods that are required by almost everyone in the market as they are…
Q: consequences of SMEs’ informality to the economy?
A: Small medium enterprises are independent firms, non-subsidiary firms. These employ fewer workers…
Q: urbanization?
A: Urbanization is a process through which a rural economy develops and becomes an urban area or the…
Q: e process whereby national econ d business systems are becomin eply interlinked with each other led…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…
Q: Which of the following is not included in macro environment? a. Competitors b. Economnic O b. C.…
A: Macro settings are sometimes outside the retailer's control, and they are usually on a broader…
Q: Is ketchup a final good or intermediate good?
A: # A good is reffered to be as a final good if it is the end product and is finally going to be…
Q: What are the small business that gained during the Covid19?
A: The Covid-19 is a new type of pandemic disease which was originated in the province of Wuhan in the…
Q: Explain The existence of an Economic problem
A: Economic problem is a situation where wants are unlimited and resources are scarce.Economic problem…
Q: You are given the information of three sector economic model: C = 300+ 0.8YD 1 = 100 G = 200 T=50…
A: We know that any economy is in equilibrium when: Y = C + I + G Also Yd = Y - T Yd means disposable…
Q: Explain how steady-state economy helps to avoid resource depletion
A: Resource Depletion: The term resource depletion refers to the excess and rapid use of natural…
Q: (o ch anc AS- th
A: a) AS-AD model can be used to examine the consequences of the policy. Parameters would be 'price…
Q: What is an example of an underground economy?
A: The underground economy is a situation where economic activities are unreported in order to escape…
Q: What is the Need for Integrating Macro and Micro economics?
A: Answer: It should be stressed that none of the two methodologies discussed above can effectively…
Q: (wine and cheese) aLC =A ALW = 0.5 Pc = 4 Pw = ? we = ? Ww = 12 What is A? (round your answer to 1…
A: The no-trade equilibrium refers to the equilibrium achieved by a country when it is closed to trade.…
Q: nvironm
A: Natural environment means all of the living and the non-living things which tend to occur naturally…
Q: Suppose that in a closed economy GDP i equal to 5000 taves are equal to 1000. consumption in equal…
A: Given information: Economy is closed. It means there is no import and export. GDP = 5000 Taxes =…
Q: Overall, would it be more profitable for a business to follow the economic model or the…
A: Answer - Socioeconomic model: - Socioeconomic model is a model under which members of society work…
Q: What is the impact of the work of the FOMC on the current economic environment?
A: * ANSWER :- (1)
Q: Amina has been given the task of analyzing .2 the economies of three developed countries. ?How…
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Q: What is the contribution of banana leaves plate or biodegradable plates to the economy?Explain.
A: Banana Leaf Technology, for example, is working to address this stark reality by suggesting banana…
Q: hat positive impact will an increase in supplliers of electricity have on South Africa
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: Internet sites that enable people to post their resumesonline reduce the cost of job searches. How…
A: Natural rate of unemployment refers to those people who are unemployed in the when the economy is…
Q: What is the economic condition that results from the decrease in SRAS called?
A: When the AD or SRAS curves shift, shocks occur. If the economy shifts suddenly, the aggregate demand…
Q: What is the two sector model?
A: The two sector model emphasizes on two way production processes.
Q: What is maginalise group
A: Using methods like social welfare functions and cost-benefit analysis, welfare economics aims to…
Q: Do less developed countries where large batteries for vehicles are produced show any indications of…
A: The less developed countries do not have proper arrangement for the disposable of electric waste and…
Q: BIRTA RATE AND R.R. D.R. Le ERAPA B
A: The entire quantity of demand for all finished products and services generated in an economy is…
Q: How does logistics play a key role in the econòmy?
A: Logistics refers to the process of purchasing, storing, and transporting resources to their final…
Q: can you explain Gig Economy in Tourism?
A: The emergence of the Gig economy and Gig workers has been one of the most significant developments…
Q: what are the schemes aimed at stabilizing the income of the producers of primary products?
A: Primary products are those goods which are produced by cultivating the raw material and it does not…
Q: What is the value of autonomous consumption?
A: Consumption function: C = c + MPC * Y Where C is consumption c is autonomous consumption. It is the…
Q: What is neo-malthusians? What is anti-malthusians?
A: Neo-malthusians and anti-malthusians are two divisions of growth theories. The school of thoughts of…
Q: TheeconomyofGhana ismadeupofthreesectorsnamelyAgriculture,Industryand Se rvice s. The se thre e…
A: *Tha three sectors of Ghana’s GDP are agriculture, industry, and service. * There are equal effect…
Q: Maximum Feasible Hourly Production Rate Sherry 50 Holly Units of Good X 40 100 Units of Good Y 25
A: The gain from the next best choice that an individual forgoes while choosing an option is referred…
Q: what are the factors that contribute to econmic grow
A: Economic growth is the quantity aspect of the economy. An economy's growth is directly related to…
Q: When do we reach equilibrium output?
A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at a…
Q: What’s a economic example
A: Demand is the total quantity of goods buyers are willing to purchase at a different level of prices.
Q: How do you see the trade-off between the economy and theenvironment? Which is more important? Is it…
A: A situational decision involving diminishing or losing of one quantity, quality, or property of a…
Q: Explain whst is meant by the term economic problem
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: at d ' d rof wrk 4 wred
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: why minimum wage should not increase ?
A: Minimum wage is the lowest wage below which an employee cannot hire workers.
Q: ( gas prises are rising because ther aren't enough oil refineries) ( gas prices are rising becuae…
A: A normative statement is a subjective statement of belief or opinion rather than a fact that can be…
Why is this economic measuresignificant?
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