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Wittaler [7]
3 years ago
9

What is meant by saying that economics is an empirical​ science?

Business
1 answer:
Lubov Fominskaja [6]3 years ago
4 0
The correct answer is:  [A]:
__________________________________________________________
     "E<span>conomic theories will be tested by seeing how well they correspond to real-world phenomena."
__________________________________________________________</span>
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Hourly, blue collar jobs always pay less than salaried, white collar jobs.
mr Goodwill [35]
Im pretty sure its false.
4 0
3 years ago
Read 2 more answers
Suppose an economy has a law that requires all wages to be adjusted quarterly to reflect changes in the general price level. Thi
8_murik_8 [283]

Answer:

economic (or business) cycles are less severe.

Explanation:

If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).

This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.

One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.

8 0
2 years ago
An increase in nominal GDP Group of answer choices is both per capita and absolute real economic growth. is per capita real econ
Anon25 [30]

Answer:

does not necessarily mean either absolute or per capita real economic growth.

Explanation:

Nominal GDP can increase due to high inflation, and that is not real growth since the purchasing power of individuals, businesses and the government doesn't grow. Real GDP growth would mean absolute economic growth.

The GDP per capita measures the GDP divided by the total population of a country, so the nominal GDP or real GDP could grow, but if that growth is less than the population's growth, then the nominal and real GDP per capita will still decrease.

7 0
3 years ago
A personnel manager may have a number of subordinate managers over whom the personnel manager has positional authority. In that
Ira Lisetskai [31]

Answer:

The correct answer is line; staff

Explanation:

The role of a line manager in a company is to direct the work of the subordinates and fight because the company's objectives are fully met. He is the person whom we call our boss at our job site and come to him when we need advice or when he asks us to do certain work. Or, that person who rebukes us when something was not done well.

The personnel manager is responsible for the supervision of personnel administration, the design and implementation of policies and standards, and the control and registration of compliance with current legal regulations. Supervises the departments of personnel administration, labor relations, salary settlement, etc. It usually represents the company before public and official organizations. Report to the maximum reference of the area.

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3 years ago
Question 5 of 10 What does the Occupational Safety and Health Administration (OSHA) do? O A. It requires employers to budget a c
masya89 [10]

Answer:

C

Explanation:

6 0
2 years ago
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