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V125BC [204]
1 year ago
7

determine which statement below about economics is true. economics studies decision-making processes. macroeconomics studies the

decisions of individual consumers and firms. economics predicts what the market will do in the future. as a field of study, economics is pretty much the same around the world.
Business
1 answer:
jeka941 year ago
3 0

The statements, economics studies the decision-making process and macroeconomics studies the decisions of individual consumers and firms are true.

<h3>What is macroeconomics? </h3>

Macroeconomics is a branch of economics and it deals with the performance, structure, behaviour, and decision-making of an economy as a whole. For example, to regulate an economy’s growth and stability it uses interest rates, taxes, and government spending.

Macroeconomists study topics such as Gross Domestic Product, unemployment rates, national income, price indices, output, consumption, inflation etc. It is the study of the whole economy, the part of economics concerned with large-scale or general economic factors and how they interact in economies.

The two most general fields in economics are macroeconomics and microeconomics.

Learn more about macroeconomics, here:

brainly.com/question/28489802

#SPJ1

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The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small <span>part is "division of labor".</span>
7 0
3 years ago
Assume the world market for oil is competitive and that the marginal cost of producing​ (extracting and bringing to​ market) ano
xz_007 [3.2K]

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

7 0
3 years ago
Why is it important for companies to invest in building a complete Data and Analytics Platform?
Setler79 [48]

It is essential for companies to invest in building a complete data and analytics platform to generate insights by housing data in one place and converting it into easily consumable information at high speed.

<h3 /><h3>Data and analytics platform</h3>

It corresponds to automated services and technology capable of processing a large amount of complex data and transforming it into relevant information in an organization.

Therefore, storing data on a platform can help to understand organizational scenarios, identify patterns, visualize and combine information to support organizational decisions more effectively and quickly.

The correct answer is:

  • It generates insights by housing data in one place and converting it into easily consumable information at high speed.

Find out more information about analytics platform here:

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5 0
2 years ago
Help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the n
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I think the answer is gonna be A
7 0
3 years ago
Read 2 more answers
Doodle Corporation, a manufacturer of safety pins, decided that the company had to increase the awareness of its glow-in-the-dar
kow [346]

Answer:

Objective and task budgeting method

Explanation:

The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.

Doodle set its specific goals:

  • increase the sales of its basic steel pins by 10%
  • increase the awareness of its glow-in-the-dark pins

And then it allocated $1.5 million for marketing expenses.  

8 0
3 years ago
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