Answer:
The correct answers are: Normative; Positive.
Explanation:
The positive economy is based on specifying and demonstrating what is happening in the economy, responds to economic issues from reason and with an objective point by which things happen, focuses on determining everything that could affect it and the results that will be obtained by final.
No advice is given to remedy economic problems, rather, it describes the problems that affect the economy without mentioning whether the results will be positive or negative.
Answer:
(C). Firms engaged in barter run the risk of having to accept goods they do not want or cannot use.
Explanation:
Countertrade is a trade system in which goods and services are exchanged for other goods and services.
Barter is a type of countertrade where money isn't involved. Only goods and services are exchanged between participating parties.
<em>A disadvantage of barter is that, in the absence of required goods, a firm may have to accept the goods the other firm is offering even though it doesn't need or cannot use those goods at that point in time. </em>The firm could resell the goods later.
You are not maximizing utility, because the marginal utility per dollar spent renting movies is not equal to the marginal utility per dollar spent on CDs. We will maximizing utility when the consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
Answer:
a. d. yes, because the plot is roughly a diagonal straight line
b. b the distribution is skewed to the right.
Explanation:
Note: Find attach the plot as picture
a. If the distribution of the song length is roughly Normal, the normal probability plot should be roughly a diagonal straight line. But the given normal probability plot is far from straight. So, the distribution of song lenghts is not normal
b. The distribution of song lenghts is skewed to the higher values, that is right skewed because the normal probability plot is curved and of inverted C shape
Answer: 1. a. persuasive practices
2. A. Persuasion is simple and more personal
C. Persuasive messages spread at warp speed
D. All businesses are in the persuasion business
E. The volume and reach of persuasive messages have exploded
Explanation:
1. Being able to persuade your consumers to buy the company products leads to better sales and better bottomlines for the company. This is why employees try their best to be persuasive to consumers some times for products that won't even benefit them. This will put the employees in a better position at work. Consumers therefore need to be wary of these persuasive skills to be able to stand their ground should they not want a product.
2. Persuasion in this day and age is employing tried and tested psychological methods to achieve better results. One of these is to be simpler and personal. By relating to the actual person involved, they are able to build a relationship and convince people faster.
With the scale and magnitude of Information and Communication Technology in the world right now, persuasive messages are easier to spread. They are spread so fast to multiple geographical locations thus increasing their reach as well.
It would also seem as though these days that all businesses are in the persuasion business. Whether it's consumers, suppliers, the Government etc, all businesses are engaged in trying to persuade entities in such a way that their interests are pushed forward.
