1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weqwewe [10]
3 years ago
10

Which of the following statements is true? a. The word theory means same for both economists and laymen. b. Abstraction forms an

important part of economic analysis. c. Economic theory does not make unrealistic assumptions. d. Economists should not ignore details while focusing on complex problems.
Business
1 answer:
VladimirAG [237]3 years ago
3 0

Answer:

B) Abstraction forms an important part of economic analysis.

Explanation:

Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.

You might be interested in
One of the benefits of contracting with celebrities to endorse the company's brand of athletic
scZoUnD [109]
<span>One of the benefits of contracting with celebrities to endorse the company's brand of athletic product is: It attracts attention
A celebrity tend to has huge followers. By making that celebrity endorse our product, we will increase our brand recognition in the market and increases our customers.</span>
4 0
3 years ago
Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines
Bezzdna [24]

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

7 0
3 years ago
Which of the following is a common human relations mistake?
telo118 [61]

D is. It's very wrong to underestimate somebody's abilities or knowledge. We should never do that. It's also rude.

3 0
3 years ago
Which statement about deposits are true? Check all that apply
LuckyWell [14K]

The statements that are true about deposits is:

A. Deposits increase the checking account balance

C. Deposited money can be transferred electronically from one bank to another

E. You can deposit a greater amount than the balance in the account

D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.

B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.

5 0
3 years ago
Read 2 more answers
When you purchase an item in a store you may be charged
labwork [276]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
When you purchase an item in a store you may be charged by Sales tax. It is <span>a tax on sales or on the receipts from sales.</span>
6 0
3 years ago
Other questions:
  • You have been asked to give a presentation at a small college in Ireland on your latest research. You want the faculty and stude
    7·1 answer
  • Buying power of dollar through the years
    5·1 answer
  • When you are shopping for a loan, the __________ is the important rate to compare.
    13·1 answer
  • The economies of many countries, such as ____, are based on manufacturing electronics.
    12·1 answer
  • The targeted skill scope strategy
    8·2 answers
  • How does online retail have the potential to further complicate the issues already presented by the virus?
    6·1 answer
  • Solomon Services Company has 69 employees, 29 of whom are assigned to Division A and 40 to Division B. Solomon incurred $413,310
    7·1 answer
  • Question 11 (3 points)
    9·1 answer
  • Explain the importance of understanding how teams work together to achieve the same goal​
    7·1 answer
  • Partners X, Y and Z have capital balances of $80, 000, $180,000 and $60,000 respectively. Immediately prior to liquidation. Tota
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!