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Tasya [4]
3 years ago
15

In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often

impractical to a. find articles or books that were written before 1900. b. conduct laboratory experiments. c. rely upon the scientific method. d. make use of theory and observation.
Business
1 answer:
algol133 years ago
4 0

Answer:

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.

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Answer:

Please see attachment

Explanation:

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Carl is unemployed because he was laid off from his construction job when the housing market crashed. this is an example of fric
Elan Coil [88]

cyclical unemployment

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Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail out
iVinArrow [24]

Answer:

a) geographic diversification strategy.

Explanation:

In this scenario, Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail outlets in major cities of the emerging nations. The type of diversification strategies the firm is pursuing is a geographic diversification strategy.

Geographical diversification strategy can be defined as the process of diversifying your investments across various geographical regions (market) so as to improve profits or returns on investment and primarily to mitigate the overall business risk.

Hence, using the geographic diversification strategy Symphon Times Inc., is spreading its risk across various geographical regions or emerging nations by allocation of its resources in order to prevent them from being vulnerable to external conditions and to improve their performance and competitiveness. Thus, a geographic diversification strategy is simply a business management strategy that entails "not putting all your eggs in a basket" rather you should have them spread across in order to prevent or mitigate the overall risks.

<em>Additionally, in order to preserve wealth and to reduce portfolio risks it is advisable that business owners such as Symphon Times Inc. engage in geographic diversification strategy.</em>

4 0
3 years ago
Armstrong Corporation manufactures bicycle parts. The company currently has a $18,500 inventory of parts that have become obsole
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Explanation:

There are two alternatives

1. Sold for $6,300

The inventory parts should be sold for $6,300 as the current inventory parts are not relevant as it is a sunk cost i.e $18,500

2. Repair and after that sale it

Now in this case, we have to determine the benefit generated i.e come from

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3 0
3 years ago
Suppose that the vast majority of 3/4 ton pick-up trucks in America are produced by companies A, B, C, and D and that they all s
andrew-mc [135]

Answer:

b. A very large increase in sales. A very rapid and similar response by the other large firms in the industry.

Explanation:

As for the information there is no clear agreement to sell the goods at the same price, like that of other industries.

Further since all the companies follow the same price, there is no such differentiation.

In case one of the companies, in our case company A if decreases the price then it will abruptly that is in no clear sequence will increase its sales, and the after effects will also include the decrease in prices by other remaining industries that is B, C and D.

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3 years ago
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