1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liubo4ka [24]
3 years ago
15

Which of the following best describes how economists test the empirical predictions of economic models? A) Economists survey ind

ividuals to learn about how people think through decisions about how much to purchase or to produce. B) Based on theories about thought processes, economists seek to determine which thought processes predominate in determining how a person decides what actions to take. C) Economists collect and analyze real-world observations of people's actions to discern if those actions accord with theories' predictions. D) Recognizing that people always do what they say they will do, economists rely exclusively on information gleaned from polls and surveys conducted by poll takers and market researchers.
Business
1 answer:
salantis [7]3 years ago
7 0

Answer:

The correct option here is C)

Explanation:

The correct answer is C) because Economics is nothing but empirical science and by empirical science it means that the economists will have to study the real world examples or evidences to create a support for their theory. And based on this , we can definitely say that from the given choices in the question option C) is definitely correct, they first collect the real world observations and then analyze them to see whether these actions are in accordance with their theory.

You might be interested in
How does a software developer differ from a computer programmer?
yan [13]

Answer:

D. A software developer requires leadership skills.

Explanation:

A computer programmer takes care of writing code to create a program.

A software developer takes care of all the process for developing a software and they will define the requirements for a software and then, work with programmers that write the code.

According to that, a software developer differ from a computer programmer because a software developer requires leadership skills as they will have to supervise all the process to create a program and work with people.

8 0
3 years ago
A chemical company claims that they are able to produce a certain product through a thermodynamically unfavored process. explain
Alekssandra [29.7K]
<span>It is definitely possible for a chemical company to produce a certain product through a thermodynamically unfavored process. An example of this process is endothermic reaction. The word endothermic means “taking in heat.” A constant input of energy, often in the form of heat, will keep an endothermic reaction going. For instance, an instant cold ice pack can get cold without putting it in the fridge or freezer. How is that? Endothermic chemical reaction.</span>
4 0
3 years ago
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

7 0
3 years ago
Companies that think carefully about the impact of sensations on product experiences are practicing ________. hedonic consumptio
kolbaska11 [484]

The companies that think carefully about the impact of the sensations are practicing  sensory marketing.

<h3>What is sensory marketing?</h3>

This is the type of marketing that is done to make a product to be appealing to all of the five senses of a person that is to consume to the good.

The sensory  marketing is correct here because the products are to be appealing to the senses.

Read more on sensory marketing here: brainly.com/question/24925953

4 0
3 years ago
In your opinion, is management still relevant as a course of study today? Explain using relevant examples.
alina1380 [7]

Yes, "management" is still relevant as a course of study today.

Management is one of the most relevant course offered by an educational establishment such as a university. The course polishes the skills of student and enlighten them on how to be useful in management of a company.

  • <em>Business Administration</em>, <em>Business Management, Management Studies, Commerce, Hospital Management, Hospitality Management </em>are examples course that falls under the umbrella of Management

  • Auditors, Accountants, Revenue officers are examples employee who learnt the management course.

In conclusion, studying a management course in a country will employment opportunities makes its easy for a student to get a job.

Learn more about this here

<em>brainly.com/question/24227339</em>

7 0
3 years ago
Other questions:
  • During the current month, a company that uses job order costing incurred a monthly factory payroll of $180,000. Of this amount,
    15·2 answers
  • Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs:
    6·1 answer
  • Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for
    6·1 answer
  • On April 1, 2020, Rasheed Company assigns $400,000 of its accounts receivable to the Third National Bank as collateral for a $20
    13·2 answers
  • Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on
    7·1 answer
  • unlike other types of play, dramatic play is purely for fun and is not meant to be a learning experience. True or False
    13·1 answer
  • Revenues generated by a new fad product are forecast as follows:Year Revenues1 $54,000 2 30,000 3 20,000 4 10,000 Thereafter 0 E
    7·1 answer
  • Camelot Company has estimated the following costs for this year for 50,000 units: Manufacturing Selling and Administrative Varia
    9·1 answer
  • Do you think workers of a company need to join in a trade union? Justify your answer
    10·1 answer
  • how does the cost of financial capital influence innovative research and development activities in a competitive market?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!