<span>Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.</span>
Answer:
The correct answer is d. Different economic models employ different sets of assumptions.
Explanation:
To approach the study of economic reality it is necessary, in some way, to simplify it; keep certain variables under control. Precisely for this, it is that economic models are built.
Economic models are built on principles of departure, called "assumptions." Such assumptions fulfill the same role as the postulates in geometry. That is:
- They are not subject to deduction from other more basic principles.
- They are "reasonably" true but not necessarily verifiable.
- They function as premises in the logical structure to deduce the conclusions and correlations found in the lowest levels of generality.
We can say then, that the theoretical explanations refer to invisible "relationships", whose existence is proposed by the theory, and whose implications are logically deduced, and then corroborated by observations. They consist of:
- Assumptions (eg subjects want to maximize their earnings).
- Relevant variables (eg price and quantity).
- Binding hypothesis (eg quantity demanded based on price).
- Conclusions or predictions of observable facts (eg prices will rise).
Answer:
8.28 times
Explanation:
The number of times that Franklin Aerospace sell and replaces its inventory shall be determined through following mentioned formula:
Inventory turnover=sales/inventory balance
First we have to calculate the inventory balance which shall be determined as follows:
Quick ratio=current assets-inventory/current liabilities
2= $80,500-inventory/ $28,175
$56,350=$80,500-inventory
Inventory=$80,500-$56,350=$24,150
Now we will the number of times that Franklin Aerospace sell and replaces its inventory:
Inventory turnover=$200,000/$24,150=8.28 times
<em>The answer is </em><em>FALSE.</em><em>
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