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Viktor [21]
3 years ago
8

Recently, the price of gasoline dropped to just under $3.50/gallon. Economic analysts currently are focusing on questions concer

ning the likely impacts of this price decrease on the demand for gasoline. The branch of economics that deals with these questions is called: (a) normative economics (b) positive economics (c) microeconomics (d) macroeconomics
Business
1 answer:
amid [387]3 years ago
4 0

Answer:

The correct answer is (b) positive economics.

Explanation:

The positive or descriptive economy seeks to explain how the economy works based on reality, that is, empirically. Therefore, try to explain what it was, what it is and what it will be, explaining the consequences of different economic phenomena.

In making a positive economy, economists are considered to act as scientists, moving their moral considerations away from the reality analyzed. Thus, they focus on explaining the cause-effect relationships between facts and economic variables objectively.

The positive economy starts from an economic phenomenon and seeks to find its cause (what was) and its consequences (what will be). This is about establishing a chain of cause-effect relationships between the different economic phenomena, so that the consequences on the reality of any change in the variables studied can be known.

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You have $11,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with
iogann1982 [59]

Answer:

  • Invest $8,470 in X
  • Invest $2,530 in Y.

Explanation:

The following expressions can be formed;

Let x and y be the proportions

x + y = 1

0.15x + 0.1y = 13.85%

Expressing y in terms of x;

x + y = 1

y = 100 - x

0.15x + 0.1 ( 1 - x) = 13.85%

0.15x + 0.1 - 0.1x = 13.85%

0.05x = 13.85% - 0.1

x = 13.85%0.05 - 0.1/0.05

x = 77%

Invest 77% in X = 77% * 11,000

= $8,470‬

Invest in Y

= 11,000 - 8,470

= $2,530

5 0
3 years ago
___________ attempts to increase task efficiency by breaking down jobs into simple steps and assigning people to each of those s
SpyIntel [72]

Answer:

A) Job simplification.

Explanation:

Job simplification makes it easy to complete the whole task by dividing it into small steps. Basically this can improve productivity and efficiency.

For instance: A whole task was done by a single employee and it took him a day to complete it, through Job simplification task would be divided into steps and those sub tasks would be assigned to different employee's with a deadline to complete it in 6 hours, much less than the formal employee took.

8 0
3 years ago
Read 2 more answers
If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal
SIZIF [17.4K]
Income                   $42,500
Less:
Deductions           <u>           0</u>
Taxable Income    $42,500
Tax rate                  <u> x        10%</u>
Tax payable             $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).


5 0
3 years ago
the main purpose of writing a business plan is to a. meet a state requirement for new businesses. b. inform employees of your bu
tamaranim1 [39]
The correct answer is c. prepare a "blueprint" for the development of your business

The business plan is best for you as the company owner, not for the state or anyone else. All major companies write business plans for up to 20 years in advance because they have to plan everything.
7 0
3 years ago
Read 2 more answers
Jupiter Company signed a onedashyear ​$36,000 note payable at​ 8% interest on March​ 1, 2019. How much interest expense must be
Anna71 [15]

Answer:

The answer is: $720

Explanation:

We can use the following formula to calculate Jupiter Company's interest expenses:

  • interest expenses = principal x (annual interest / 12) x number of months

interest expenses = $36,000 x (8%/12) x 3 months (March, April and May)

interest expenses = $36,000 x 0.0067 x 3 = $720

8 0
4 years ago
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