Answer:
Positive Economics is the branch that deals with analysis of relationship among variable for establishment of cause and effects.
Normative Economics is the branch that deals with value judgement, what ought to be and not.
Statement Classification
1. Economic development should not Normative Economics
take place at the expense of social justice.
2. The government can increase labor Positive Economics
productivity by improving public education.
3. Society faces a short-run trade-off Positive Economics
between inflation and unemployment.
4. The Federal Reserve should take Normative Economics
action to lower the inflation rate.
5. The government must take action Normative Economics
to reduce the unemployment rate.
Answer:
D. 8 percent interest for 9 years
Explanation:
We would use the formula future value formula below to determine which of the investment options would double her money:
FV=PV*(1+r)^n
PV is the amount invested which is $1000
r is the interest rate expected to be earned while n is the number of years First option:
FV=$1000*(1+6%)^3
FV=$1,191.02
Second option:
FV=$1000*(1+12%)^5
FV=$1,762.34
Third option:
FV=$1000*(1+7%)^9
FV=$ 1,838.46
Fourth option:
FV=$1000*(1+8%)^9
FV=$2000
Last option:
FV=$1000*(1+6%)^10
FV=$ 1,790.85
Answer:
D. Continue to make them because the incremental cost of buying is $22,000
Explanation:
Since the total manufacturing cost is $23,000 and the purchasing cost is $22,000 so the difference is very loss so it is to be continued by making them as the buying incremental cost is $22,000
Therefore the option d is correct
Hence, the other options are wrong
The strategic management process involves the establishment of a company's the mission and vision, its grand strategy and the formulation of its strategic plans and control.
- A company that gradually phases out product lines or liquidates its inventory is pursuing a defensive strategy.
- A defensive strategy is also called retrenchment strategy. its is a strategy that involves reducing in the organization's efforts.
- Example: It reduces costs when a company tightens expenses such as It can sell off (liquidate) assets—land, buildings, inventories, and the like.
Defensive strategy helps organizations to gradually reduce cost and phase out product lines or services. .
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