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1 year ago

When individuals use all available information about an economic variable to make a decision, expectations are?

1 answer:

7 0

when individuals use all available information about an economic variable to make a decision, expectations are -rational

What is economic variable?

An economic variable is any measurement that helps to consider how an economy may function . for instance population, poverty rate, inflation, and available resources.

What are the five economic variables?

There are 5 common economic variable that are considered :

output, gross domestic product ( GDP ), production, income, and expenditures.

What factors cause economic growth?

Basically , there are two main cause of economic growth: growth in the size of the workforce and growth in the production activity (output per hour worked) of that workforce.

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Which of the following accurately describes the difference between a change in supply and a change in quantity supplied? a. A

Sedaia [141]

Answer:

Option A

Explanation:

First let's make see the what is the difference (they are not the same thing.) And then lets analize which statement is the most accurate.

A change in supply and a change in quantity supplied are different things. The change in supply is caused by changes in costs and incentives that change how much a producer can and will produce at a given price.

The change in quantiy supplied is caused simply by a change in the retail price of the product.

The change in <em>quantity supplied is shown as a movement along the curve</em>. While the change in <em>supply is shown graphically as a movement of the supply curve.</em>

As we can see, that means that A is the correct answer.

5 0

4 years ago

Chance Co., the parent of a US-based MNC, uses fundamental forecasting to estimate future values of exchange rates. Suppose that

Ghella [55]

Answer:

d. An increase in the value of the pound by 0.6 percent

Explanation:

Given :

Regression equation : $e_{bp}=b_0+b_1Inf_t+\mu_t$

Change company estimates that $b_0$ to be 0.0 and the value of $b_1$ to be 0.6.

Now, ebp = 0.6 x inf + μt ----------------- $b_1=0.6$

When Inf = 1 (assume that the error term is 0)

ebp = 0.6 x 1 = 0.6

That is it is an increase in the value of pound by 0.6% with the one unit increase in the $Inf_t$ .

Therefore, option (d) is correct.

6 0

3 years ago

As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employe

Nitella [24]

Answer:

DIVISION OF LABOUR

Explanation:

Division of labour is : allocating different subparts of a task process to different people, to attain better efficiency. Better efficiency is attained by - labourers being specifically specialised in that subsection task, which increases their individual & hence organisation efficiency.

Elisa: opening her new business & assigning tasks to employees - is an example of the same.

All other options are inapt because: Management departmentalisation is dividing organisation into specialised niche departments. Mass production economies is cost reduction due to bulk quantity production. Specialisation of priorities is developing competitive advantage by research & innovation.

7 0

3 years ago

the most common method used for training non-managerial employees is: a. vestibule training b. computer-based instruction c. on-

Evgesh-ka [11]

The most common method used for training non-managerial employees is on the job training (OJT).

On-the-job training (OJT) is a hands-on approach to acquiring new competencies and skills required for work in a real work environment.

Often used to learn how to use a particular tool or equipment in a real work practice, simulation, or training environment.

Instead of showing employees presentations and handing out worksheets, employees learn about the job by doing it. This training takes place in the workplace under the direction of a supervisor, manager or other competent employee.

As part of the introduction phase, new employees will have a close look at all future work processes. They learn what to expect in the workplace, how to operate equipment, and other skills necessary to succeed on the job.

To know more about employees, visit:-

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8 0

1 year ago

According to the scrum process, once the tasks are known for a given set of requirements, the next step is to assign each task a

garri49 [273]

The answer is points...im 100%, I searched your question on google and found it, sometimes all you have to do is google it and then you dont have to waste points :)

3 0

4 years ago