The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
Answer:
Lower-income people can have a large vocabulary as well, because of a variety of circumstances. To list a few:
The low-income person may have a job that includes a constant contact with highly-educated people.
The low-income person may himself be a well-educated person who holds a job that does not pay a lot, for example: librarian, or social worker.
The low-income person may live in an area with a great degree of demographic diversity, and even by fluent in several languages because of that. This is common in merchants, who may own a small business that only pays enough to survive, but who have a great degree of contact with many sorts of people.
Answer:
A. Jordan specializes in household production, while Chris specializes in marketplace work.
Explanation:
Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.
The answer is C. Lobbying
<h2>Sebastian is employing <u>Goal setting</u> as a mechanism of career management.</h2>
Explanation:
<u>Goal setting:</u>
- Serve as a base for "Human resource Planning"
- It is proven that those employees who have goal setting will show good performance on their job.
- This will directly or indirectly promote the organization
- We can achieve organizational goals too
- Goal setting techniques are used by successful people around the world
- This might even be a favorite interview questions because the HR can understand how effective the employee would be for the organization.
