Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.

Answers

Answer 1

Answer: See explanation

Explanation:

Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.

It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.


Related Questions

reflection of food and beverage

Answers

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches. Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.

What is the primary purpose of job specialization A. Regional self-sufficiency B. Increased consumer income C. Increased marginal utility D. Increased efficiency and productivity Plz answer this fast only have 2 hours

Answers

Answer:

D. Increased efficiency and productivity

Explanation:

Job specialization can be defined as a strategic process which typically involves the ability of employees working in an organization to develop specific skills, knowledge, great expertise or professionalism and experience to perform their duties, tasks or job functions effectively and efficiently.

In order to gain the requisite skills, expertise and knowledge for job specialization, it is very important for the employees to have undergone an extensive training and a good number of years in work experience.

The primary purpose of job specialization is to increase efficiency and productivity because the employees are able to specialize in the use of specific tools (equipments) to accomplish their tasks, as well as limit the level of error or mistakes in the production process.

Answer:

D

Explanation:

just took the test

how is a job search conducted​

Answers

you provide what you like like and santa brings it to north pole and see what is best for you

Select the correct answer.
Why are borrowing and lending money important in the United States?
A.
They ensure that people and businesses can buy what they need.
B.
They ensure that money is distributed equally and fairly to all.
C.
They ensure that the government's financial regulations are followed.
D.
They ensure that the nation can avoid an economic recession.

Answers

Answer:

A.

They ensure that people and businesses can buy what they need.

Explanation:

Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.

In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.

Answer:

A. They ensure that people and businesses can buy what they need.

Hope this helps!

Explanation:

what are the answers for all 3 of them?

Answers

Answer:

See below

Explanation:

(i) €585.00

As per the statement, Taylor owed €585.00 to Franklyn photographic supplies Ltd at the end of April. The closing balance for April is the Amount owed at the end of April.

(ii) €75.00

The opening balance for April as indicated in the statement is the closing balance for March.

(iii) €375.00

As per the statement an amount of €375.00 was paid on April 15

Calculate the profit or loss in each case below:
(a) Fixed costs: £9000 rent, £4000 insurance
Variable costs: £4500 wages, £500 delivery costs and £4000 in raw materials
Sales revenue: 1,500 units expected to sell at £25 each

(b) Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.

Answers

Answer:

(a) Th profit is £13,500.

(b) The loss is £25,250.

Explanation:

(a) Calculate the profit or loss

This can be calculated as follows:

Total fixed cost = Rent + insurance = £9000 + £4000 = £15,000

Total variable cost = wages + delivery costs + raw materials = £4500 + £500 + £4000 = £9,000

Total cost = Total fixed cost + Total variable cost = £15,000 + £9,000 = £24,000

Sales revenue = Units expected to sell * Price per unit = 1,500 * £25 = £37,500

Profit or loss = Sales revenue - Total cost = £37,500 - £24,000 = £13,500 profit

(b) Calculate the profit or loss

This can be calculated as follows:

Fixed cost = £26,000

Total variable cost = wages + raw materials + delivery costs  = (£10 * 750) + (£12 * 750) + (£3 * 750) = £18,750

Total cost = Total fixed cost + Total variable cost = £26,000 + £18,750 = £44,750

Sales revenue = Units expected to sell * Selling price per unit = 750 * £26 = £19,500

Profit or loss = Sales revenue - Total cost = £19,500 - £44,750 = £25,250 loss

What must societies do to provide goods and services given that resources are scarce?

Answers

Answer:

They have to be allocated properly. A further explanation is given below.

Explanation:

The precious resources of the social system must be an implementation of the overall organization to that same manufacturing of merchandise, throughout trying to maintain with the tastes and preferences of the members of the population. The certain apportionment of collective resources will indeed contribute throughout the concentration of a single combined effect of various merchandise.

If the potential employer is a candle-making company, _____ would be one of the employer’s raw materials.


mold

match

wax

none of the above

Answers

Answer:

wax

Explanation:

Raw materials are the components or ingredients used to manufacture finished goods. They are the unprocessed materials that go through the production process or refining to give a consumable product.

Wax is the main raw material in the production of candles. A company involved in making candles need a source of wax to stay in business.

Describe the difference between an idea and a business opportunity.

Answers

Answer:

Idea is a thought and business opportunity is what job you want.

Explanation:

The state can issue Gidgits Galore a NPDES permit; it does not need to be issued by the federal government

true or false?​

Answers

Answer:

True

The NPDES permit program, created in 1972 by the Clean Water Act (CWA), helps address water pollution by regulating point sources that discharge pollutants to waters of the United States. The permit provides two levels of control: technology-based limits and water quality-based limits (if technology-based limits are not sufficient to provide protection of the water body).Under the CWA, EPA authorizes the NPDES permit program to state, tribal, and territorial governments, enabling them to perform many of the permitting, administrative, and enforcement aspects of the NPDES program. In states authorized to implement CWA programs, EPA retains oversight responsibilities. Currently 47 states and one territory are authorized to implement the NPDES program.

What does it mean to have liability for a company?

A. It means your company is late in paying its taxes.

B. It means you have a conflict of interest because you are in a position where you can take unfair advantage of your customers.

C. It means your company is able to sue other companies that use your trademark.

D. It means you can be held personally accountable for the financial debts and illegal actions of your company.

Answers

Letter “ D “ is the answer

Answer:

D

Explanation:

got it right on Edge

A targeted cover letter is written specifically for work within the industry you prefer.

True or False?

Answers

Answer

False is the answer hope this helps

Answer:

true

Explanation:

Where should a worker go for equipment to help put out a small fire?

Where could a supervisor get a bandage for a worker with a cut hand?

Where should a supervisor go to call for an ambulance after a worker breaks a leg?

Answers

Answer:

a. the front east wall

b. the floor manager’s office

c. the employee cafeteria

Explanation:

(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.

Who is Supervisor?

(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.

(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.

While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.

Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.

we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.

Find more information about Supervisor here:

https://brainly.com/question/26143012

Specialization can help a country's economy by:
O A. reducing the level of division in its labor force.
O B. increasing its overall opportunity costs.
O C. increasing the cost of its voluntary exchanges.
O D. reducing its need to be self-sufficient.

Answers

Answer: reducing its need to be self-sufficient

Answer:

reducing its overall opportunity costs.

Explanation:

Steven has 55 baseball cards. Steven and Lucas have more than 71 baseball cards together. Which of the following inequalities represents the number of baseball cards the two boys have?

Answers

Answer:

105

Explanation:

If you need to add all of them together the answer will be 126

In the first eight days after its release, how many Nintendo Wii systems were sold?

Answers

Answer

600,000 units

Explanation

Nintendo Wii sold 600,000 units of its new Wii video game console in the first eight days after its release in the Americas, as the company vies with rivals Sony Corp.

I will play basketball. This is a _____ goal.

a) neither
b) broad
c) SMART
15 POINTS AND BRAINLIEST

Answers

Answer:

b

Explanation:

not timely or specific,

Answer: d

Explanation:

mia borrows 66,000 for four years at an APR of 7.25% what is the monthly payment

Answers

Answer:

$10,229.76

Explanation:

The monthly payment to be made by Mia over such borrowings will be $1,588.

What is monthly payment?

The payments made every month to pay the loans or advances is known as a monthly payment. It is like EMI.

The total repayment of the borrowings will be $76,230 over a period of four years. Monthly payment for the same will be,

[tex]\rm Monthly\ Payment= \dfrac{Total\ Amount}{No\ of \ Payments}\\\\\rm Monthly\ Payment= \dfrac{76230}{48}\\\\\rm Monthly\ Payment= \$1588[/tex]

Hence, the monthly payment will be $1588.

Learn more about monthly payments here:

https://brainly.com/question/14064255

#SPJ2

What is demand function what are the factors determine the demand for a goods? ​

Answers

Answer:

The quantity demanded (qD) is a function of five factors—price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price. As these factors change, so too does the quantity demanded.

Explanation:

Size is limited under a Sole Proprietorship.
True
False

Answers

Answer:

True

Explanation:

because 1 person can't control a huge company or business

Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)

Answers

Answer:

27%

Explanation:

The ski was sold for $7,000 which has a discount of $2,625.

the price before discount is

= $7,000 + $2,625.

=$9,625

the discount as a percentage

=$2,625 / $9,625  x 100

=0.272727 x 100

=27.27%

=27%

Since water transportation is so much slower than other modes, why do companies choose it?


Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.

Some companies might think it's worth the lost time when they are shipping potentially dangerous products.

The environmental impact of water transportation is lower, so companies can justify its use.

Some companies prioritize cost as their overriding concern for their shipping requirements.

Answers

Answer:

i think its d or maybe a

Explanation:

Answer:

ah

Explanation:

GRUBHUB PERKS GIVE YOU DEALS ON THE FOOD YOU LOVE
THE KIND OF DEALS THAT MAKE YOU B O O G I E
DO DO DO DO TU TU TU TU
DO DO TU TUG UT UTURUWEUG
DOVRIOGJGHIJRG
DO
DO
DO
GET THE FOOD YOU LOVE i cant even finish it

Answers

ARNT YOU KOOOOOOL!we live to hear itttt

Answer:

Grubhub perks give you deals on the food you love.

The kind of deals that make you boogie.

[music]

Purple guy: *bites borger and dances*

Sushi guys: *appear and eat the sushi*

Sallad girl: *eats salad and stands up*

Milkshake girl: *does the splits and sluprs milkshake*

Everyone: *dances all at once*

camera moves to purple guy and shows him dancing

[music stops] camera changes to house and kid looks at purple guy

purple guy: points at kid

kid: says huh and blinks

[music starts again]

Kid: *dancing*

Get the food you love with perks *doorbell rings* from Grubhub!

Grub what you love

Explanation:

Consider Emily's balance statement:

Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?

A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800

Answers

Answer:

see below

Explanation:

A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.

Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.

In this balance sheet,  Emily has confused assets and liabilities.

The column labeled as liabilities represents assets. She should change that. This column should be the topmost column.  She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.

Answer:

Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.

Explanation:

Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?

Answers

Answer:

с. Purchases and Creditors

Multiple choices

A. Goods and Cash

В.Goods and Creditors

с. Purchases and Creditors

D.Purchases and Cash

Explanation:

The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.

Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.

Anna got a high-paying job as a lab technician upon graduation. She took
five years to graduate from a public university and did take out a lot of
loans. What kind of return on investment (ROI) does Anna demonstrate?
Can't determine ROI
Negative ROI
Positive ROI
ОО
Neutral ROI

Answers

Answer:

Positive ROI

Explanation:

A positive ROI or positive rate of return occurs when the benefits realized from a project are much more than the costs incurred.  Positive implies that a net effect of a number greater than zero.

Anna did not incur a lot of debts while in college. It suggests she controlled her expenses well. Since Anna has a well-paying job, her income and the cost incurred in college compare favorable. Her benefits are more compared to the cost of education.

B- The return on investments (ROI) that Anna should demonstrate is a positive Return on Investment (ROI). This is due to the excess loans taken by Anna during her education before getting the job.

Anna needs to maintain a hefty savings and needs to pay her liabilities in the forms of loans first because she is under obligation of the lending authority to pay for her education loan along with interest accrued.

Anna will not end up saving for herself and her needs if she is unable to save the money after paying her dues towards her loan. She has to make sure a healthy return on investments made by her.

Usually an education loan is an expensive loan with higher rates of interests charged by the bank due to shortage of jobs in the economy due to unemployment flair and hence avoiding the risk associated.

If her interest rate of loan is around 8% she has to make sure her salary is saving her way more than this loan amount with interest which will be due periodically.

Hence, option B is correct that Anna will have to maintain and demonstrate a positive return on investments followed by her high paying job.

To know more about return on investment, please refer the link below.

https://brainly.com/question/7920964

Just take the points ;-; I'm done here
what is 2+2

Answers

Answer: 4

Explanation:

2+2=4

In addition, the addends or the summands are numbers or terms being added together

Explain why flexible price policy is not price discrimination.

Answers

Answer:

see below

Explanation:

Flexible pricing is a strategy that leaves room for negotiation between the seller and buyer. In this strategy, the seller does not set a fixed price. They set a range in mind, allowing for negotiations with the buyer. In flexible pricing, a seller will have the minimum amount they can accept and a maximum amount they can charge.

Price discrimination is a pricing strategy where a producer sets different prices for the same product to different groups of consumers.  The producer will segment or group customers depending on various traits such as social status or income levels.  A price will be set for each category depending on the producer's perception of their ability to pay.

In price discrimination, the price is already set for different categories of customers, but in flexible pricing, every customer has the opportunity to negotiate for the best price.

Discuss with your parents or friends what type of communities you belong to. Then submit at least three sentences telling me what type of community or communities you belong to and how you participate in them.

Answers

Answer: They are three type of community we have; Urban, rural and suburban.

Explanation:

They are three type of community we have; Urban, rural and suburban. Urban community refers to a community that has developed to a large extent, most residents have non-agricultural jobs, the city has commercial buildings, roads, railway more banks.

Suburban community areas are lower density areas that separate residential and commercial areas from one another. They don't have much development as the Urban community.

Rural community is known for it's underdevelopment, has more of residential areas than industries around it.

I presently stay in a suburban community

can a 14 year old work? where?

Answers

Answer:

Yes!!

Explanation:

They can work at Chick-Fil-A!!

They can be a babysitter

wash cars

and more!

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