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madam [21]
3 years ago
12

With respect to how economists study the economy, which of the following statements is most accurate?a. Economists study the pas

t, but they do not try to predict the future.b. Economists use "rules of thumb" to predict the future.c. Economists devise theories, collect data, and analyze the data to test the theories.d. Economists use controlled experiments in much the same way that biologists and physicists do.
Business
1 answer:
NARA [144]3 years ago
4 0

Answer:

c. Economists devise theories, collect data, and analyze the data to test the theories

Explanation:

Economists use past data to predict the future.

They make use of sound economic theory instead of rule of thumb to predict the future.

I hope my answer helps you

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Suppose that electricity producers create a negative externality equal to $5 per unit. Further suppose that the government impos
VashaNatasha [74]

Answer:

They are equal

Explanation:

Negative externality is when the benefits of economic activities to third parties is less than its costs.

A tax is levied on negative externality to reduce quantity produced to the social optimal quantity.

If the amount of tax is equal to the amount of total negative externality, then after-tax equilibrium quantity will be equal to social optimal quantity.

If the amount of tax is less than the amount is equal to the amount of total negative externality, then after-tax equilibrium quantity will be greater than the social optimal quantity.

If the amount of tax is greater than the amount is equal to the amount of total negative externality, then after-tax equilibrium quantity will be less than the social optimal quantity.

I hope my answer helps you

8 0
3 years ago
Read 2 more answers
Gates Corp. has net income of $172,000, sales of $ 1,453,909, and an accounts receivable balance of $127,100. Assume that 100% p
serious [3.7K]

Answer:

Days' sales in receivables= 31.91 days

Explanation:

The day's sales in account receivable ratio is also called average collection period. It states the number of days on the average to collect a business's account receivable.

Days sales turnover is calculated by dividing total number of days in a year by the account recievables turnover ratio.

The formula for accounts receivable turnover ratio= Current credit sales received/ Accounts receivable balance

Accounts receivable turnover= 1,453,909/127,100

Accounts receivable turnover= 11.439

Assume a 365 day year

Days' sales in receivables= 365/Account receivable turnover

Days' sales in receivables= 365/11.439

Days' sales in receivables= 31.908~ 31.91 days

3 0
3 years ago
The CSS/Financial aid PROFILE is a(n):
Alborosie

The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States-based College Board that allows college students to apply for non-federal financial aid.
5 0
3 years ago
Read 2 more answers
The Northern Division of Southwest Clothing Inc. forecasts (has budgeted) the following income statement for the upcoming year:
Alex

Answer:

Operating loss will decrease by $20,000

Explanation:

Operating loss from normal business activities and if the division is not shut down = $150,000.

Operating loss if division is shut down by the management = $130,000 ($480,000 - $350,000) because the management has determined that $350,000 of the $480,000 Fixed Costs shown would be eliminated if that happens.

So, if the Northern Division is shutdown, the Operating loss will decrease by $20,000 (From $150,000 to $130,000)

5 0
3 years ago
In the context of the 5S principles, _____ means to keep a process going through training, communication, and organizational str
alina1380 [7]

In the context of the 5S principles, <u>sustain </u>means to keep a process going through training, communication, and organizational structures.

<h3>What is 5S principles? </h3>

5s principles can be defined as the principle that help to show the appropriate way a work place or work environment should be or should be arranges .

The 5S principle are:

  • Sort
  • Set in order
  • Shine  
  • Standardize
  • Sustain

Therefore In the context of the 5S principles, <u>sustain </u>means to keep a process going through training, communication, and organizational structures.

Learn more about 5s principles here:brainly.com/question/10001029

#SPJ1

5 0
2 years ago
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