Q: Why is important sustainability for travel 2021? Explain it with the Application of the Business…
A:
Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Why is the ecotourism important for economies? Discuss in terms of sustainable development,…
A: Ecotourism means responsibly travelling to the natural areas in a view to preserve local habitats.…
Q: Why are individuals, businesses , and countries force to weigh the benefits and costs of their…
A: Firms, individuals, and countries need to analyze the cost-benefits of their decision. Before…
Q: economies of many nations around the globe have been brought on their knees by COVID-19. Just when…
A: (1) Economic problems facing Ghana. In 2017, the Ghanian economy grew by 8-5%. for 2018, the…
Q: The COVID-19 pandemic has adversely affected international travel and also had an impact on…
A: Globalization represents the process where international trade and technology have interconnected…
Q: Normative Statements Question 1 options: attempt to describe how the world actually is or…
A: Normative Statements are those statements that individuals make regarding any economic policies or…
Q: Economics Which of the following would not be a characteristic of a global market as opposed to a…
A: C) Low order cycle variability
Q: Which of the following is a normative macroeconomics statement? The rise in gasoline price had an…
A: There are two kinds of economics which direct the decision making in the economy. 1. Positive…
Q: 20- Retailing is described as the "Sunrise Sector" because ____________ a. Various assortment of…
A: The economy is the set of manufacturing processes, distribution processes, and consumption of…
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: What is the economic thought of: Ancient Greece Islamic Thinkers Scholastics
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What are the effects of globalized capitalism? What is the principle of neoliberalism? What…
A: Answer- "Thank you for submitting the questions.But, we are authorized to solve one question at a…
Q: Q1. If you are a business leader, give a positive and a normative argument why would you support the…
A: The market for labor is the place where the labor power is offered and demanded at the…
Q: Which of the following statements is normative? Large government deficits cause an economy to…
A: In economics, the way a statement is written or explained is important to understand its validity…
Q: WHO IS THE FATHER OF THE MODERN ECONOMICS
A: Economics is the study of social activities in which people interact with each other to make…
Q: In countries like ________________ the market-oriented economy dominates. China and Japan…
A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…
Q: Which of the following are macroeconomic issues? (Select all that apply.) Where will Google locate…
A: Macroeconomics is the study of global economies from top to bottom, with a focus on large-scale…
Q: why the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson
A: The Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson for their work on…
Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…
A: In a market, a producer uses various techniques to understand the purchasing behavior of the people…
Q: In the pacific northwest, a hydroelectric dam is being removed from a river to improve salmon…
A: The curve that shows the tradeoff between the production of various goods in an economy due to the…
Q: Can someone type a paragraph in a document approximately 350-450 words about 'technology and…
A: Technology, in economics, refers to the changes in the production process in the manner which…
Q: What would the short-run and long-run implications be due to the economic climate if the Indonesian…
A: Indonesia is essentially a developing economy with ample potential for growth and development.
Q: Walras law as used in economics.
A: Economics- It is related to the production, distribution, and consumption of goods and services.
Q: What have you learned in the movie "The Wolf on Wall Street" that is related to Economics
A: The Wolf on Wall Street may be a film based on the true story of Jordan Belfort. The Wolf of Wall…
Q: Q-4: Give an example of a positive statement and an example of a normative statement that somehow…
A: Answer-
Q: In The Wealth of Nations (1776), what does Adam Smith identify as the primary driver of the success…
A: "An Inquiry into the Nature and Causes of the Wealth of Nations," also known as "The Wealth of…
Q: During 2007, as oil and gas prices continued to increase, a growing number of Americans called for…
A: Oil and gas price has a macroeconomic impact on both developed as well as developing economies of…
Q: Explain Economic Change and Growing Weakness
A: Economic change is the change in the economic structure of a country. It may lead to social and…
Q: Economic is a social science that is considered a precise art.
A: The study of societies and the relationships among persons within those communities is referred to…
Q: The Ricardian model predicts that the market prices for goods with trade cannot be outside the range…
A: A pleasing product purchased by a consumer is an example of a good that satisfies human desires and…
Q: The economies of many nations around the globe have been brought on their knees by COVID-19. Just…
A:
Q: A normative statement reflects opinions or beliefs, while a positive statement... Cannot be tested…
A: Economics is a branch of social science that deals with the production, distribution, and…
Q: Which of the following is a normative statement? Group of answer choices An increase in…
A: Economic frameworks as a sort of friendly framework should defy and tackle the three central…
Q: Why is it important to be able to distinguish positive from normative statements about economic…
A: Modern economics has usually two standard branches: positive and normative economics. Positive…
Q: e in the rise of Japan? a. real estate b. Keiretsu
A: In Japan,while the market for old homes seems to be healthy, the market for new homes is being…
Q: Why is it brazil,india, and china is the most dynamic economies today?
A: Brazil, India and China are part of the BRICS. Brazil, Russia, India, and China (BRIC) are…
Q: your opinion which 3 of Friedman's 10 major flat World events have contributed the most to the…
A: Globalization indicates that various traditions and practices that local communities share have…
Q: Discuss very briefly the disruptions faced in Africa which was caused by the Covid-19…
A: here we discuss the disruptions faced in Africa which was caused by the Covid-19 pandemic as…
Q: Which of the following prices would you expect to rise rapidly over long periods? Why? Cable…
A: There will be an increase in the prices of the goods rapidly because of the following reasons:…
Q: Which of the following statement is a positive statement? a. More students should study economics.…
A: Economic statements help in understanding the meaning of different statements that are made by…
Q: Which of the following statements is a normative statement? Inflation and unemployment in Brazil in…
A: The statements given can be either normative statement or positive statement.
Q: "Do you think that the COVID-19 has a Microeconomic impact on the US Economy"? If yes or no,…
A: Microeconomics is the study of individual things. For example, microeconomics studies about the…
Step by step
Solved in 2 steps
- words about the negative/positive impacts of Corona virus (COVID19) on tourism sector in OmanPlease help me with this problem. Thank you!The oversupply of bananas in Mexico, which is recorded in the months of September and October, causes prices to farmers to be reduced by up to 50 percent below the cost of production, said Adrián Prats, president of the banana product system at the national. "It is a critical situation, we are selling the fruit below the cost of production, which is when it really impacts the producer, since he has to continue maintaining his plantations healthy and vigorous and that costs. We have to invest in it, even though the price is not giving to pay, even, the costs", explained Prats. The above causes: a. By decreasing the price of bananas, marginal income decreases and therefore, production must be increased (T/F) _________ b. By lowering the price, the company will have to take care of its costs. To avoid leaving the market, the producer must ensure that, at least, the average variable costs (T/F) _______ are covered c. It is recommended that a banana producer who invests in keeping his…
- Mr. Mondal is a potato wholesaler at Nasik. The per capita consumption of potatoes per day is about 200 grams. Currently, potatoes are being priced at Rs.6 per kg. The price elasticity of potatoes is 0.62. Due to present short supply of potatoes Mr. Mondal decides to increase the price. If he can sustain a reduced sales volume up to 10%, compute the maximum price he can set is (Round off your answer up to one decimal only)answer the following: 1.What inefficiencies does the over recovery impose on the market?2. Aside from the government directive, what can be done to prevent Meralco from overcharging?The price of oil is currently over $80 per barrel and has been as high as $90 per barrel after Saudi Arabia and a couple of oter OPEC countries reduced output this year. The demand for oil is expected to increase by 1 million barely per day over the next year according to the International Energy Agency but OPEC+ has been unclear about its intentions of increasing oil supplies. a. If OPEC+ increases its production by million barrels per day, we can unambiguously say that the equilibrium price will fall, and the equilibrium quantity will rise.
- If A New Breakthrough in Manufacturing technology reduces the cost of producing Blu-ray Players By Half what Will Happen to supply of blu-ray playersDemonstrate graphically the impact of a rise in electricity prices on the production of ice cream.Northern Mexico faces the worst drought in its history. Its effects will exceed those caused by El Niño in 1998. The Mexican government is expected to declare the 12 northern states a disaster zone in the coming days. Juan Figueroa Fuentes, president of Agrobarzón, warned that if it does not rain in the next few days, more than 250,000 hectares sown with wheat, corn and sorghum will be lost. In addition, 170,000 hectares will stop being planted with other crops since it will be too late when it rains. In the same way, 50,000 cattle will die. On the other hand, drought and high temperatures have contributed this year to an increase in the number of forest fires. An estimated 10,000 hectares of forest have been lost due to fires. What will happen to the equilibrium price and quantity in the beef market?Response option group (a) Price and quantity will increase (b) Price and quantity will decrease (c) Price will decrease and quantity will increase (d) The price is higher and the…
- Assume that producers in Luzon can only produce 11 billion kg of palay at the time ofharvest even if price reaches PhP 30 per kg, what will be the value of their own priceelasticity of supply?Provide step wise solution.... I ll upvote Suppose that the short-run world demand and supply elasticities for crude oil are −0.076 and 0.088 , respectively. The current price per barrel is $ 30 and the short-run equilibrium quantity is 23.84 billion barrels per year. Derive the linear demand and supply equations.Suppose the demand (in thousands) for a toaster is given by 100p-2, where p is the price in dollars charged for the toaster.a. If the variable cost of producing a toaster is $10,what price maximizes profit? b. The elasticity of demand is defined as the percentage change in demand created by a 1% change in price. Using a data table, show that the demand for toasters has constant elasticity, that is, the elasticity doesn’t depend on the price. Would this be true if the demand for toasters were linear in price?