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3 years ago

To test their theories, economists usually have to:____.

Business

1 answer:

Vanyuwa [196]3 years ago

6 0

Answer:

Confront theories predictions with evidence

Explanation:

To test economic theories, economists would observe real behavior and test it with data from the real world. Which would in turn provide evidence based on what is being tested. Confronting theories predictions with evidence is a pointer to the fact that economic theories are verifiable and their validity can be tested.

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Data for 2021 were as follows: PBO, January 1, $243,000 and December 31, $278,000; pension plan assets (fair value) January 1, $

tester [92]

Answer:

$45,000

Explanation:

Computation for the projected benefit obligation

December 31 PBO($278,000)

December 31 Plan assets 233,000

Funded status($45,000)

Therefore the projected benefit obligation was underfunded at the end of 2021 by: $45,000

7 0

3 years ago

Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal

nataly862011 [7]

Answer: true

Explanation:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

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3 years ago

In one or more complete sentences, explain the details and requirements to obtain a driver license.

ycow [4]

To obtain a drivers license you must have a permit first.
-You must drive daily and "do not" get stopped by the cops while you have your permit or you wont get your license.
-While having your permit you must have a passenger 18 or older by your side at all times while driving with a permit.
-You must read the book of license. (DMV Drivers License Booklet)
-If you want more information about how to get your license, i suggest you read the DMV booklet.
Hope this answer helped!:)

6 0

3 years ago

The aggregate demand and aggregate supply model is a useful simplification of the macroeconomy used to explain short-run fluctua

lys-0071 [83]

Answer:

QUESTION 1:

The horizontal axis measures an economy's real GDP- 3

QUESTION 2:

As price level rises, imports become relatively cheaper than domestically produced goods- 1

Explanation:

QUESTION 1

The horizontal axis of the aggregate demand and aggregate supply measures an economy's real GDP. The GDP is the sum of all the final goods and services produced in the economy while the vertical axis of an aggregate supply and aggregate demand diagram measures the price index level.

QUESTION 2

When domestic interest rate is low compared to foreign interest rates, domestic investors invest in foreign countries where return on investments is higher. Increased outflow of currency to foreign countries, causes a decrease in real exchange rate. This decrease, increases net exports. This then, increases aggregate demand. As the price level drops, interest rates fall, investment in foreign countries becomes increased, real exchange rate falls, net exports increases and the aggregate demand then increases.

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3 years ago

Crane Corporation incurred the following costs while manufacturing its product. Materials used in product $121,000 Advertising e

Vera_Pavlovna [14]

Answer:

Cost of goods manufactured = $328,400

Cost of goods sold = $343,700

Explanation:

The computation of cost of goods manufactured and cost of goods sold is shown below:-

(a) Cost of goods manufactured = Direct materials used + Direct labor + Depreciation on plant + Factory supplies used + Property taxes on plant + Work in Process 1 Jan - Work-in-process, 31 Dec

= $121,000 + $111,000 + $61,000 + $24,000 + $15,000 + $13,000 - $16,600

= $328,400

(b) Cost of goods sold = Finished goods, 1 Jan + Cost of goods manufactured - Finished goods, 31 Dec

= $61,000 + $328,400 - $45,700

= $343,700

8 0

3 years ago

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