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STatiana [176]
3 years ago
7

Which of the following is not correct? a. The value of the economist’s language lies in its ability to provide you with a new an

d useful way of thinking about the world in which you live. b. Economists use some familiar words in specialized ways. c. Economics has its own language and its own way of thinking, but few other fields of study do. d. Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist’s language.
Business
1 answer:
vlada-n [284]3 years ago
8 0

Answer:

C) Economics has its own language and its own way of thinking, but few other fields of study do.

Explanation:

Economics is a social science that studies the exchanges and uses of scarce resources. Every science has its own terms and language, and way of thinking.

For example resources in economics refers to the factors of production (land, labor, capital and entrepreneurship), while resources in geology means the amount of mineral, energy and non-metallic resources that exist in natural reserves or deposits. For economists all resources are scarce and their use must be optimized, while geologists try to determine the amount of resources in a deposit.

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This chapter states that most economists would probably maintain that new technologies are the single most important source of p
maks197457 [2]

Answer:

the correct answer is c)Poor countries do not benefit from new scientific knowledge to the same degree that rich countries do, since they lack the resources required to apply the knowledge widely in a beneficial way.

Explanation:

although novel technologies enable economies to be more productive and achieve greater potentials, in poorer countries they lack the necessary infrastructure and human resources to harness the full potential of this technologies. Also, the initial costs of applying these technologies is higher as well.

Because of this, these new technologies do not benefit the poor countries much.

4 0
3 years ago
Select the item that can be answered by using knowledge. 1. A transaction's order date, amount sold, and quantity ordered 2. Tak
astraxan [27]

Answer: The correct answer is "2. Taking into account external reasons for the recent underperformance of a good salesperson".

Explanation: Knowledge should be applied in cases such as this, since in front of an employee who has poor performance we must take into account the external reasons that influence him and his performance, such as family problems, the death of a family member, etc.

7 0
3 years ago
Walter heads a multinational company and he needs to communicate with certain people using a business letter. Pick out the corre
oksian1 [2.3K]
Try the third option my mans
4 0
3 years ago
Read 2 more answers
On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimat
xeze [42]

Answer:

Date      Accounts Titles and Explanations     Debit        Credit  

Sept, 11           Cash                                             $450  

2016         Sales                                                               $450  

                (To record the Cash Sales)

Sept, 11        Warranty Expenses                         $40.50  

2016              ($450 x 9%)

                  Estimated Warranty Payable                   $40.50  

                 (To record the Warranty Expenses)    

July, 24       Estimated Warranty Payable             $32

2017             Repairs Parts Inventory                                       $32

             (To record the material taken from Inventory)

6 0
3 years ago
A newly created design​ business, Teri's​ Art, is finishing its first year of operations. During the​ year, credit sales were $4
Vikentia [17]

Answer:

the bad debt expense is $900

Explanation:

The computation of the bad debt expense is shown below:

bad debt expense is

= Written off amount + estimated uncollectible amount at the year end

= $650 + $250

= $900

We simply added the above two items so that the amount of the bad debts for the first year could come

Hence, the bad debt expense is $900

7 0
3 years ago
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