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weqwewe [10]
4 years ago
6

What would be another example of a ""system"" in the real world that could serve as a metaphor for micro and macroeconomics?

Business
1 answer:
kicyunya [14]4 years ago
8 0

Answer:

The solar system can be a metaphor for micro and macroeconomics in the real world.

Explanation:

There are several physical systems in the real world that can act as a metaphor for micro and macroeconomics. The solar system, for instance, can perfectly serve as a metaphor for micro and macroeconomics. The study of a single planet in the solar system can be microeconomics or the study of the solar system in the galaxy is macroeconomics. While the study of the galaxy as a whole will be macroeconomics.

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What is a typical relationship between time and interest rate
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Typically there is a correlation as time passes, interest rates go up. That is great for investments but not so good for debt.
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4 years ago
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The production possibilities frontier illustrates
liubo4ka [24]

Answer:

Option (c) is correct.

Explanation:

The production possibility frontier is a graphical representation of combination of two different goods that an economy can produce with the limited available resources. All the points on the production possibility frontier curve represents efficient allocations and all the points below that curve are inefficient.

All the points above this curve are unattainable or we can say that combination are not affordable for the economy.

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3 years ago
Which of the following influences the consumer when he or she is deciding wether to buy a product?
Georgia [21]

Answer:

D.

Explanation:

The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.

These factors include psychological factor, social factor, cultural factor, situational factor, etc.

Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.

Therefore, option D is correct.

5 0
3 years ago
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Which of the following is NOT a factor affecting sustainability of a competitive advantage? a. Availability of substitutes for a
choli [55]

Answer:

Th answer is: D) Length of time the core competence has existed

Explanation:

Your competitive advantage will last as long as the competition can´t successfully imitate your strategies. No competitive advantage is eternal. At some point the competition will be able to overcome your competitive advantages either by imitation or by developing new products or services due to environmental changes. Companies must always develop additional competitive advantages so that they are ahead of their competition.

For example, in the future, electric cars will make cars with internal combustion engines obsolete. So no matter how good a BMW is right now, in the future if they can´t develop good electric cars they will go out of business.

3 0
4 years ago
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spin [16.1K]

Answer:$583,680

Explanation:

FOB shipping, means the goods are free to the buyer up to the shipping point at this point the risks and rewards of ownership has been transferred to the buyer . He takes care of transportation, insurance and other costs incurred from that point till the goods gets to it's warehouse.

In the above scenario the cost to be beared by Walberg associates includes cost of goods of $575,000 plus cost of transportation of $2400, plus insurance cost of $5300, and the refurbishing cost of $980 all total $583,680.

5 0
4 years ago
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