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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.

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Which of these statements about a business plan is true?
MA_775_DIABLO [31]

True statement for a business plan among following :

(C)Business Plan Provide Road map for future plan  true statement for a business plan .

A business plan is a written description of your business's future. That's all there is to it--a document that describes what you plan to do and how you plan to do it.

Explanation:

A business plan can help to direct business for its future and avoid bumps in the road. A Business Plan series provides detailed instructions for working through each section of the business plan.

Although Business plan doesn't guarantee success but provide detailed financial projections, forecasts about your business's performance, and a marketing plan that may help to achieve business goals.

6 0
3 years ago
Read 2 more answers
As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also
eduard

As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

<h3>What is a Demand Curve?</h3>

This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.

Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve

Read more about demand curve here:

brainly.com/question/9387886

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7 0
2 years ago
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to
shutvik [7]

The budget item spent on clothing  is considered to have a budget variance.

<h3>What is budget variance?</h3>

A budget variance is the difference between the budgeted expense or revenue, and the actual amount.

The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.

Hence, the budget item is considered to have a budget variance.

Learn more about budget variance here : brainly.com/question/13287252

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8 0
2 years ago
According to the efficient markets hypothesis, changes in stock prices are impossible to predict from public information. excess
saveliy_v [14]

Answer:

Changes in stock prices are impossible to predict from public information.

Explanation:

Efficient market hypothesis states that in an efficient market asset prices tend to reflect all available information. As new information comes to light asset prices adjust accordingly.

Three forms of EMH exist weak, strong, and semi-strong.

The changes in asset price based on all bailable information is unpredictable, so it is impossible to outperform the market by expert selection of stock or market timing.

The only way to get higher returns is to get riskier investments as one cannot consistently predict performance of assets.

4 0
3 years ago
You do a search on your mobile phone for "clothing stores near me". Your top result is a search ad for a Banana Republic (clothi
Lilit [14]

Answer:

B. behavioral targeting

Explanation:

According to the information in the question above, it can be said that this ad targeting is based on location combined with behavior.

Behavioral targeting is based on targeting your consumers based on past behaviors, that is, as you are a frequent consumer of Banana Republic, it is correct to state that you have had previous buying behavior, so the ad appeared for types of people like you and not to your friend, who despite his location, is not a frequent consumer of Banana Republic, so he didn’t receive the ad because he hadn’t previously behaved.

8 0
3 years ago
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