In what way is appoed economics important in tackling economic issues or problems of the country?

Q: What is the roots of value maximization principle. a. Economics b. All of the above c. Commerce d.…

A: Value refers to the material, monetary, or assessed worth of a good, service, or an asset. The…

Q: In the world, every economy faces the same fundamental economic challenges. Explain briefly what are…

A: Economic issues faced by the world economy including for all the countries as well as region have a…

Q: Discuss economics as a social science

A: Economics is the study of behavior of consumers, producers, households and business.

Q: How is the father of economics

A: Economics is a study of social science which allocates the limited resources to the unlimited wants…

Q: Will giving children/students money help improve their interest in Economics and increase their…

A: When talking about the study of economics and finance, it can be said that a student learns a…

Q: Which of the following countries  do not experience scarcity?     A.) United States of America…

A: In economics, the word 'scarcity' refers to the limited availability of resources in an economy.

Q: What does the Third World country mean to the subjects of Economics?

A: In economics developing countries are known as third world country.

Q: Which of the following types of economy describes the economy of the SULTANATE OF OMAN? A ) Amarket…

A: Market Economy: In this economy, the production and prices are determined by the private ownership…

Q: Explain why economists disagree on many issues. Give at least two examples of problems upon which…

A: The study of economics deals with the allocation of scarce resources in a manner that most of the…

Q: What is the issue about  Economics (Domestic Resources)? Give a narrative

A: Economics as a study is considered to be a very vast area of study. This involves the decision…

Q: Who did John Maynard Keynes advise with his economic theory?

A: The macroeconomic economic theory of total expenditure in the economy and its consequences on…

Q: Ralph Waldo Emerson once wrote: “Want is a growing giant whom the coat of have was never large…

A: Economics is a branch of social science which studies the economic agents’ behaviour and their…

Q: What do you see as the biggest difference between market and non-market economies?

A: Market economy is run by private people. There is private ownership of factors of production in…

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: The three fundamental economic questions are what to produce whom to produce and_________?

A: Generally considering an economic entrepreneur or agent there are three fundamental economic…

Q: How the government controls the market for a fair economic system in Islamic Economics scope?

A: Islamic economic system is the one that uses Islamic believes in running a business according to…

Q: 3. Economic problems arise because

A: To find : Which is cause of arising economic problem.

Q: According to the economic theory known as mercantilism

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Walras law as used in economics.

A: Economics- It is related to the production, distribution, and consumption of goods and services.

Q: What are the economic problems and how we do resolve these problems? ( Explain 4 problems and their…

A: All societies face economic problems which is a problem of how to make the best use of scarce…

Q: Describe Economics as a Social Science and as an Applied Economics. What are the different tools…

A: Answer:-  1) Economics as a social Science:- The study of economics is a social science. This…

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…

Q: economy is based on using resources. We sell resources and use resources to manufacture and…

A: We use natural assets to run organizations and in our regular daily existences. Is this useful for…

Q: How market mechanism solves the basic economic problems?

A: The market economy will help to solve the economic problems.

Q: What’s economics?

A: Microeconomics is the study of specific economic units. An area of economics called macroeconomics…

Q: Normative economic statements? a. contain value judgements b. are usually irrational c. are…

A: In economics, we study how various economic agents like households, firms, and the state make…

Q: Which major characteristic of economists enable them to make sound decisions in solving economic…

A: Decision-making is a multi-step process (from issue recognizable proof through the answer) for…

Q: what is your idea about economics

A: Economics is used for the study of how resources can be allocated in an efficient manner. It was…

Q: Based on what you have learned so far, what is the biggest problem an economy faces and how can we…

A: In the short run, all resources are fixed but labor is a variable input and in the long run, all…

Q: Most economies in the world are built in a way that both the government and the private sector make…

A: Different types of economic systems are: Capitalist economy: In a capitalist economy, items are…

Q: Economics is the study of a. The population of the country b. The environment of the country c. How…

A: In a country, differ social aspects are studied as economics, politics, sociology, and so on.

Q: Why is “how to produce” a problem in every economy?

A: The central problems all the economies around the world face are "What to produce, how to produce,…

Q: Name a way that your family interacts in the marketsfor the factors of production and a way that…

A: The factor of production are bought and sold under the factor market, and the final goods or…

Q: Define Economic Equivalence?

A: Engineering economics is an academic subset of economics that involves the utilization of economic…

Q: a good theory or model nat is an economic theory or model? What constitutes a "good" economic theory…

A: In economics, economic agents have to make rational choices so that the limited resources in the…

Q: Explain the central problem of “how to produce” in economics

A: According to the given question All the societies faces the economic problems in the country which…

Q: hat are examples of free-market economies?

A: Below are the three types of economies:1. Free market economy2. Command economy3. Mixed economy In…

Q: Which of these statements is not true? a. Macroeconomics addresses national economic issues b.…

A: In economics, economic agents have an important role in efficiently utilizing scarce resources so…

Q: hich of the below statements is INCORRECT about about a specific market economy such as the U.S.…

A: In the world, different economies adopt different economic systems according to the needs and…

Q: study economics

A: Economics is the branch of social science which deals with the human behavior and measures economic…

Q: Discuss how race, citizenship, and gender intersect with economics and those intersections affect…

A: In communism and communist type of government, there is complete control and rule of government over…