is father of economics

Q: Normative economic statements MUST a. be precise b. quantify data c. have no bias d. be objective e.…

A: The economics is the study of individual behavior and how they allocate the goods and services…

Q: Macroeconomics is about all the following except

A: Economics is the study of scarcity and unlimited wants. Scarcity means that resources are unlimited…

Q: What is economic paradigm

A: A paradigm (/prdam/) is a distinct collection of ideas or thinking processes in science and…

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…

A: An economic model creates a similar situation for a firm in accordance to real life through which…

Q: What are the basis of concepts taught in macroeconomics?

A: Macroeconomics is a branch of economics that studies how an overall economy behaves that is, how the…

Q: Why is this economic measuresignificant?

A: Economic growth expands the capacity of the state as well as the supply of public goods. Growth…

Q: Explain with example, how to construct economic model

A: An EM {economic model} is described as the clear version of reality that allows individuals to…

Q: What is economic

A: Economic is divided into two major discipline that is microeconomics and macroeconomics. Here,…

Q: Q) What are some economic opportunities and challenges for an ageing population? Can you show this…

A: A continuous increase in the median age of the population due to increasing life expectancy and…

Q: When recommending specific policies to undertake, economists make Oa. normative statements. Ob.…

A: Economist provide policy recommendation based on the situation faced by the economy, some of the…

Q: Test- What is micro economics?

A: Economics is the study of how the society uses its limited resources. Thus, the economics is a…

Q: What is meant by economics

A: Economics is the study of all the factors related to production, distribution, and consumption of…

Q: Can accountants can be economists?

A: Accountants and economists both are important for the efficient functioning of the market as both of…

Q: what is micro economy?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: what is micro economics?

A: Economics: The problem of scarcity induces to study the problem of choice at a social or national…

Q: What is the need for integrating both the main branches of economics i.e Micro economics and macro…

A:

Q: Why is it important for business leaders to be aware of Micro economics?

A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…

Q: How will you explain production as a source of economic well-being?

A: Production is the key feature of economic well being of any nation.The manufacturing units are…

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: What can we learn from Malthusian Theory?

A: The two important things that matter according to Robert Malthus: *Population *Means of substance…

Q: What does productivity growth has to do with economics?

A: One of the key sources of economic growth and competitiveness is the term called Productivity due to…

Q: Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier…

A: Macroeconomics – It is the branch of economics that studies the entire functioning of a national…

Q: A good economic theory

A: Economic theory is a set of broad ideas or assertions that attempt to explain economic reality. It…

Q: Whar is Economics ?

A: ‘Economics’ is the study of human behaviour that how an individual gets their livings. It is also…

Q: As you read about global economics, complete the chart by filling in the cause or effect

A: Simply said, globalization is the linking of various regions of the globe.Globalization is described…

Q: Vhich of the following is a macroeconomic statement?

A: Macroeconomics is a branch of economics that deals with the attributes of the whole economy. It…

Q: mic

A: The science which studies how people tend to interact with each other along with the prospects of…

Q: Why is it important for a good economic model topredict cause and effect?

A: Cause and effect refers to the relationship between two events in a way that the occurrence of one…

Q: Which of the following is not an issue that economists are interested in microeconomics? Lütfen…

A: Microeconomics is a social science that investigates the consequences of incentives and actions,…

Q: the difference between macro and micro economics

A: Economics: Economics is concerned with all the economic activities arising out of scarce resources…

Q: who is Thomas Malthus ?

A: Thomas Malthus was an (English) economist and demographer who was known for his theory on the…

Q: Provide a brief description of the topic(s) you are considering for the presentation in economics

A: Macroeconomics: Macroeconomics study aggregated indicators such as GDP, unemployment rates, and…

Q: What is pre Malthusian theory?

A: The Malthusian Theory of Population is based on the exponential growth of population and arithmetic…

Q: Economics

A: Amartya Sen has been known as the Mother Teresa of Economics for his work on starvation, human turn…

Q: What is a business problem? How can the business problem be solved?

A: A business refers to an act of exchanging goods and services for money. It is conducted by…

Q: write down about the econmics systems.

A: Economy: It is a system that organizes money, industry, trade of a country or region.

Q: Why is it important for a good economic model tomake clear assumptions?

A: An economic model is a simplified and systematic framework that is used to establish the complex…

Q: What mean economic

A: Microeconomics and macroeconomics are two commonly known branches of economics. Individual economic…

Q: There are three thing that economist study about, what are they? Explain!

A: Economists, study about the distribution of resources used in production of a commodity, their…

Q: Define the basic terms in economics based on the pictures.

A: The photographs in the question is related to basic economic terms, which are as under.

Q: What is the difference between micro and macro economics?

A: Economics is being divided into two categories namely microeconomics and macroeconomics.…

Q: Choose a simple economic term and explain it.

A: Opportunity cost It is the best alternative foregone.

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: what is econmy?

A: Economy basically defines the economic situation of any country.

Q: List 5 important of economics

A: Answer: The study of economics enables us to reach the conclusion of a problem on the basis of data…