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ehidna [41]
2 years ago
9

Why do we have a large number of definitions of economics​

Social Studies
2 answers:
S_A_V [24]2 years ago
8 0
Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
ollegr [7]2 years ago
5 0

Answer: Because economics can vary immensely based on country, state, even who you ask, it will always have even just a slightly different meaning. Though the the most commonly accepted definition of economics, but the definition will probably never be certain and it will always change.

Explanation:

Lionel Robbins (1932) developed implications of what has been termed "[perhaps the most commonly accepted current definition of the subject": Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

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Children's play becomes more rule-bound in middle childhood. For example, negotiating trades and developing strategies for impro
alexgriva [62]

Answer:

The correct answer is C) Logical Thought.

Explanation:

Logical thought or logical thinking is a set of cognitive processes in which a person uses reasoning in a consistent manner with the goal of forming conclusions.

There are mainly two types of logical reasoning one called deductive and the other one is called inductive. Both allow the individual to come to certain conclusions.

In this particular case, the act of negotiating trades and developing strategies for improving collections are important exercises in that type of reasoning.

Therefore the correct answer is C) Logical thought.

4 0
3 years ago
I
torisob [31]

Answer:

C.

Explanation:

8 0
3 years ago
What do you think the most developing country is in the world? What is the most developed country is in the world?
german
The most developed country in the world is actually Norway.

"Here is the most developed country in the world. It is highly ranked on the list of the highly developed countries in the world by the Human Development Index (HDI) with the highest score of 0.944. Norway comes as the 4th country in the world by GDP (PPP) per capita which records $55,398 and the life expectancy in this country is high as it records 80 years for males and 84 years for females.

Norway is ranked among the top countries in the world in terms of having the highest standard of living, has a perfect universal health care and it is ranked as the largest producer of natural gas and oil in the whole world excluding the Middle East. Economy in Norway chiefly relies on the extensive reserves of natural resources such as minerals, natural gas, petroleum, hydropower, fresh water and seafood. In Norway, you can also enjoy high quality of life, low unemployment rate and democracy since it was ranked before as the most democratic country in the world."

toptenny.com
6 0
3 years ago
Read 2 more answers
The lower the actuarial value of your health insurance plan, the ____________ your monthly premium.
kicyunya [14]

Premiums and policy values ​​tend to be correlated. Products with a wide range of benefits, low cost sharing at the time of payment, and high actuarial value tend to have high insurance premiums.

<h3>What is actuarial Value? </h3>

The percentage of the average total cost for covered services that is covered by the plan. For example, if your plan has an average actuarial value of 70%, you will cover 30% of the cost of all benefits.

<h3>How do actuaries evaluate health insurance?</h3>

This is calculated using medical claims from a standard population along with the plan's copay provisions to simulate claim payments. The commission percentage paid by the scheme is the actuarial value.

<h3>What is monthly bonus (premium)?</h3>

This is the monthly payment for health insurance. In addition to premiums, you will usually have to pay medical expenses, including deductibles, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to take advantage of a benefit tax credit to reduce your costs.

To learn more about actuarial value visit:

brainly.com/question/13147575

#SPJ4

3 0
1 year ago
One reason that alcohol-impaired drivers are likely to drive more poorly is
Firlakuza [10]

The answer is: They think there is nothing wrong with their driving

Alcohol would impair our ability to make a proper decisions, but in the perspective of the drunk people, they do not think that they are doing anything weird or stupid. Because of this, they would still maintain the full speed even when their response time is extremely impaired, causing large number of accidents.

3 0
3 years ago
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