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kupik [55]
2 years ago
13

Which best describes the purpose served by economic models within an economic system?

Business
1 answer:
posledela2 years ago
5 0

Answer:

The first answer is correct (A).

The theoretical models of economics are characterized by producing insights about the real functioning of the economy. In this way, a well-adjusted model identifies the patterns of functioning of economies, such as economic cycles and the expectation reversion aspects of economic agents and crises.

However, no model has the ability to control any economic aggregate. The models serve for the authorities to get ahead of economic events and make efficient decisions according to their objectives. For example, stimulating the economy, curbing inflation or avoiding crises.

Explanation:

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Raycom Construction needs heavy-duty equipment to install a new pipeline in northern Alaska. Raycom's engineers have been asked
Andrej [43]

Answer:

e. influencer

Explanation:

Influencer -

Is a person , that influences other person for any task like , work , dressing style , makeup etc , is known as an influencer .

Hence , from the question ,

The engineers of the Raycom construction plays the role of influencer in the company's buying center .

Therefore , from the question ,

the correct term for the given statement is e. influencer .

7 0
2 years ago
A national polling organization wishes to estimate the percentage of all teenagers who believe social security will 'be there' f
Nutka1998 [239]

Answer:

B) All teenagers.

Explanation:

The population of interest of any survey is the total population that is under study. In this case the population of interest includes all the teenagers in the country.

The 1,500 random sample should represent the total population of teenagers, but it is not the population itself.

5 0
3 years ago
Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix wor
frozen [14]

If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) <u>standardized globa</u>l marketing strategy.

<h3>What is marketing strategy?</h3>

Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.

Standardized global marketing strategy enables  companies to market or promote their product or brand internationally or across the globe.

Therefore Chips of Joy is using a(n) <u>standardized globa</u>l marketing strategy.

Learn more about Marketing strategy  here: ttps://brainly.com/question/25640993

#SPJ1

7 0
2 years ago
You are an adviser to the Indian government. Until now, government policy in India has been to severely limit imports into India
iVinArrow [24]

Answer:

1. The size of the economy as a whole grows as a result of free trade.

2. Consumers benefit from free trade.

3. Free trade can reduce cost of trading:

Explanation:

The three strongest arguments that you can offer to the Indian government about why the policy shift to freer trade is desirable for India are as follows:

1. The size of the economy as a whole grows as a result of free trade: It provides for more efficient production of goods and services. This is because it encourages goods and services to be created in areas with the finest natural resources, infrastructure, or skills and experience. It boosts productivity, which can lead to greater long-term wages. There is universal consensus that growing global trade has boosted economic growth in recent decades.

2. Consumers benefit from free trade: By removing barriers and promoting competition, it lowers prices. Quality and choice are likely to improve as a result of increased competition.

3. Free trade can reduce cost of trading: Non-tariff barriers can be reduced, resulting in less red tape and lower trading costs. Companies that deal in multiple nations might reduce their compliance expenses by working with a single set of laws. In principle, this will lower the cost of goods and services.

3 0
2 years ago
What is the name given to the development of a new good?
Rama09 [41]

An invention is the name given to the development of a new good.

<h3>What an invention?</h3>

Invention refers to the process of creating something that has never been made. It  is a unique or novel device, method, composition or process.

An invention uses technology to solve a specific problem hence the name given to the development of a new good.

Examples of invention includes:

  • Manufacturing of Telephone.
  • Manufacturing of printing press.

Therefore, the name given to the development of a new good is called invention.

Learn more about invention here : brainly.com/question/23538626

4 0
2 years ago
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