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3 years ago

Can we consider economics as a soicial science as well?why?

Business

1 answer:

monitta3 years ago

5 0

Answer:

Economics is regarded as social science because build it uses scientific methods to explain the theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged

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A part of a business's message that distinguishes it from all its competitors

stepan [7]

Answer:

Unique selling proposition.

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3 years ago

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A hurricane hits the coast of the United States, destroying oyster farms. Afterward,

Free_Kalibri [48]

Answer: C. Scarcity

The situation is an example of scarcity.

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2 years ago

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An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research a

rewona [7]

Answer:

Middleton University

Activity Cost of Instruction per student in the introductory and graduate financial accounting courses:

Total Instruction cost $57,600

Number of students = 65 (40 + 25)

Instruction per student = $57,600/65 = $886.15

Explanation:

a) Data and Calculations

Activities: Time Spent Activity Cost Introductory Graduate

Course preparation 30% $28,800 $17,723 $11,077

Classroom instruction 60% $57,600 $35,446 $22,154

Appointments with students 10% $9,600 $5,908 $3,692

Annual salary $96,000 $59,077 $36,923

b) The activities are three for each of introductory and graduate courses. The cost (annual salary) of the professor is allocated according to the time spent on each activity. This cost is further allocated between the introductory and graduate classes according to the number of students in each course. Overall, the same amount per each activity is spent on each student in both courses.

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3 years ago

Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric

LenKa [72]

Answer:

Export

True

False

True

Explanation:

Free trade is a form of trade policy where there are no restrictions to imports or exports of goods and services.

The price of meekers is $30 in Meekertown and $40 In the world. Because meeker's are cheaper in Meekertown, it means that Meekertown is efficient in the production of meekers. As a result, they would export meekers to the rest of the world. It would be cost efficient for the rest of the world to import from Meekertown.

Consumers in Meekertown are worse of because of the trade because the price of Meekers would rise.

Producers are better off because they would earn more profits from the sale of Meekers at the world price.

Free trade increases total surplus because of efficient production. If a country is inefficient in production, it would import . This would increase consumer surplus and if it is efficient in production, it would export increasing producer surplus.

I hope my answer helps you

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4 years ago

Listed below are four interbank cash transfers, indicated by the letters a, b, c and d, of a client for late December 20X1, and

zimovet [89]

Answer:

A. Unaffected

B. Unaffected

C. Understated

D. Overstated

Explanation:

C. Understated.

Understated balance is one that is reported as having a lesser balance than it actually does. example of what could cause the situation in which cash is understated is that when check is written on the disbursing bank on the last day of December with a credit to cash, and an associated debit to some expense account so as to decrease reported profits and taxes be it (direct or indirect tjaxes) for the year.

Another example is when a utility bill that is suppose to be paid by the last day of the month but failed to record the expenses, under the accrual basis of accounting, the company should recognize the expenses now even though the bill is not yet due. Until the bill is recorded, the utilities payable is understated

d. Overstated.

An overstated balance is an account balance that is reported as having a greater balance than it actually does, example of such situation is that in which an employee has misappropriated funds during the year, and draw a check transferring funds to the account with the shortage so as to cover the shortage. As of December 31, the shortage is replaced, with no reduction as yet recorded in the account on which it is drawn.

In second example of understated, expense account is understated and because of this net income is overstated.

5 0

3 years ago

Can we consider economics as a soicial science as well?why?​

Can we consider economics as a soicial science as well?why?