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yanalaym [24]
2 years ago
5

Positive economics ______ value judgments, tries to establish ______ statements about economic behavior, and deals with ______ e

conomic events. Multiple choice question. avoids; scientific; actual avoids; normative; actual encourages; scientific; potential encourages; scientific; actual encourages; normative; potential
Business
1 answer:
nikitadnepr [17]2 years ago
5 0

Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.

<h3>What is positive economics?</h3>

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, when the price of a good increases, it is expected that if the good is a normal good, the quantity demanded would decline. This is an example of positive economics.

To learn more about positive economics, please check: brainly.com/question/21172450

#SPJ1

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Carl jung's view of extroverted and introverted types serves as a basis of the ________.
ASHA 777 [7]
<span>Carl Jung's view of the extroverted and introverted types serves as the basis of the Myers-Briggs Type Indicator. This is a personality questionnaire that gives a type to a person based on social, organizational, thinking patterns, and other personality indicators.</span>
8 0
4 years ago
Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project and the r
Zepler [3.9K]

Answer:

$625,000

Explanation:

Calculation for how much income is recognized in Year 3

First step

Year 1 2 3

Cost incurred Till date

1000 (1000+1500)2500 (2500+1250)3750

Estimated cost to complete

3000 1500 0

Total cost of contract

4000 4000 3750

Second step

Using this formula to calculate for the percentage of completion for each year

Percentage of completion =Cost incurred till date /Total cost

Let plug in the formula

Yeat 1= 1,000/4,000 =25%

Year 2= 2,500/4,000 =62.5%

Year 3=3,750/3,750 =100%

Last step

Year 1 2 3

Contract price 5000 5000 5000

Less:Total cost (4000) (4000) (3750)

Gross profit 1000 1000 1250

Percentage of completion

25% 62.5% 100%

Gross profit to be recognized till date (1000*25%)=250 (1000*62.5%)=625 (1250*100%)=1,250

Less:Gross profit recognized till prior year

0 -250 -625

Gross profit to be recognized in current period

250 375 625

Hence;

Year 1 Gross profit is $250,000

Year 2 Gross profit is $375,000

Year 3 Gross profit is $625,000

Therefore the amount of income recognized in year 3 will be $625,000

8 0
3 years ago
Excise taxes on imported goods that help shield domestic producers of the good are called:________.
vichka [17]

Answer:

the answer is protective tariffs

3 0
3 years ago
Read 2 more answers
Deflation occurs when A. there is a sustained increase in the price level. B. there is a decrease in the expected rate of inflat
Katen [24]

Answer:

D) there is a decline in the price level.

Explanation:

Inflation refers to an increase in the general price level of a country, while deflation is exactly the opposite. Deflation represents a decrease in the general price level of a country. They are both calculated the same way, only that inflation is much more "famous" and notorious since it happens very oftenly, while deflation is very rare.

But that doesn't mean that deflation is good, since it generally represents an economic decline or recession. A low inflation rate is a sign of a healthy economy because it shows that the economy is growing.

6 0
3 years ago
Read 2 more answers
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
3 years ago
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