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Solnce55 [7]
4 years ago
14

"Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry."

This statement is:
A. positive but incorrect.
B. positive and correct.
C. normative but incorrect.
D. normative and correct.
Business
2 answers:
aleksandrvk [35]4 years ago
6 0

Answer:

Positive but incorrect

Explanation:

Macroeconomics is a branch of economics that studies how an overall economy—the market systems that operate on a large scale behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels, rate of economic growth, national income, gross domestic product (GDP), and changes in unemployment.

On the contrary, Microeconomics is the part of economics concerned with individual units, such as a person, a household, a firm or an industry.

Therefore the statement, "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry." is incorrect.

Furthermore, a positive statement is a statement based on theories and facts, and can be proven WHILE a normative statement is a statement based on values, judgements and opinions, which makes it subjective.

Therefore the statement is positive but incorrect

Afina-wow [57]4 years ago
3 0

Answer: A. positive but incorrect.

Explanation: The statement is positive but incorrect because macroeconomics does deal with industries, and firms but it is more concerned with the general economics or large scale factors like interest rates, national productivity, national income, Gross domestic product (GDP). This in general is what micro economics entails

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What is included in a speaking outline that is not included in a working outline?
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4 years ago
Which of the following are objects that can fulfill needs or wants?
ycow [4]

Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

6 0
3 years ago
By lowering production costs, subsidies help foreign competitors gain export markets. True or False
Luden [163]

Answer:

False

Explanation:

Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.

Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.

Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.

Therefore, above stated statement is false.

5 0
3 years ago
Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the
damaskus [11]

Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. 9.60% is the rate of return on the trust fund.

FV =  Future Value

PV =  Present Value

r =  rate of interest

n=  no of period

   

FV/ PV =  (1 + r )^n

5000/2000   =  (1 + r%)^10

2.5 = (1 + r%)^10

r = 9.60%.

The rate of return is the net profit or loss of an investment over a period of time, expressed as a percentage of the original cost of the investment. 1 When calculating the rate of return, find the percentage change from the beginning of the period to the end of the period.

Learn more about the rate of return at

brainly.com/question/3578105

#SPJ4

7 0
2 years ago
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