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Degger [83]
4 years ago
14

A useful economic model a. deals only with possibilities that actually occurred. b. will avoid conclusions that have public poli

cy implications, because economists do not make value judgments. c. makes only realistic assumptions. d. may make some unrealistic assumptions in order to simplify a complex reality. g
Business
1 answer:
inna [77]4 years ago
8 0

Answer:

d. may make some unrealistic assumptions in order to simplify a complex reality

Explanation:

In economics, a model is a conceptual structure that represents economic procedures through a number of variables and a series of rational or quantitative interactions. The economic model is a simpler framework intended to demonstrate complex structures that is often mathematical.

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What are the cost and consequences of providing welfare payments and consumer subsidies
olganol [36]
The cost is clearly came from the national Budget. By providing welfare payments and subsidies, there will be less budget for other Government's plan.

As for the consequences, there are positive and negative consequence
Positive :
- It could improve the quality of life of the people in that country

Negative :
- There's a risk that people could rely on the welfare too much and became heavily dependent on it

4 0
3 years ago
The causes of frictional unemployment include:
RideAnS [48]

Answer:

The answer to your question is B - Changes of economic structure.

5 0
3 years ago
Suppose that a government agency is trying to decide between two pollution reduction policy options. Under the permit option, 10
Ksivusya [100]

Answer:

a. the cost of reducing it's existing pollution by one unit.

Explanation:

Marginal cost refers to the addition to total cost when one more unit of output is produced. Marginal cost in the given case would refer to the additional cost incurred for reducing the current pollution level by one unit.

In the given case, a firm is charged $250 for each unit of pollution emitted under the pollution tax option.

It is also stated that all the firms experience increasing marginal costs of pollution reduction.

This means, as additional units of pollution are reduced, the additional costs would go on increasing.

If a firm finds that, reducing 1 unit of pollution from the current level costs it equal or more than $250, it will opt to pay $250 since, for each subsequent unit of pollution reduction, the additional costs would rise.

7 0
3 years ago
Bearcat Construction begins operations in March and has the following transactions.
pashok25 [27]

Answer:

Mar 1    Cash                         15000 Dr

                  Common Stock       15000 Cr

Mar 5   Cash                          7800 Dr

                Note Payable               7800 Cr

Mar 10  Equipment Account                 19000 Dr

                     Cash                                      19000 Cr

Mar 15  Advertising expense                       1000 Dr

                      Cash                                             1000 Cr

Mar 22  Accounts Receivables                   16800 Dr

                    Service Revenue                           16800 Cr

Mar 27  Cash                                11800 Dr

                 Accounts Receivable      11800 Cr

Mar 28  Salaries Expense                   4800 Dr

                    Cash                                      4800 Cr

Explanation:

Mar 1 The issuance of common stock will bring in cash so cash account will be debited and common stock, which is capital, will be credited.

Mar 5 The notes signed is a liability and will be credited as liability increases and the cash received will be debited.

Mar 10 The purchase of equipment against cash is an increase in equipment which is an asset so it will be debited and cash will be credited

Mar 15 The advertising is an expense and as it is increasing it will be debited and cash will be credited.

Mar 22 The provision of services on account will increase accounts receivable and service revenue. The revenue will be credited and receivables, which are asset will be debited.

Mar 27 The receipt of cash against receivables will be debited as cash increases and credited in receivables account.

Mar 28 The payment of salaries is an expense.

3 0
4 years ago
A decrease in quantity demanded is caused by: a) a decrease in quantity supplied. b) an increase in quantity supplied. c) a decr
Ivahew [28]

Answer:

I think the answer is an increase in supply

5 0
3 years ago
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