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Marina CMI [18]
3 years ago
8

What is the difference between economy and economics

Business
2 answers:
Rainbow [258]3 years ago
7 0

Answer:

economy:

the relationship between production, trade and the supply of money in a particular country or region.

economic:Economics is a science that studies economies and develops possible models for their functioning

11Alexandr11 [23.1K]3 years ago
3 0
Basically, economics is the study of an economy, i.e. its structure, condition, working, performance, issues, remedies, etc. ... On the other hand, an economy indicates a region, a particular area or country, concerning production, distribution, consumption, and exchange of goods and services, and supply of money.
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Keynesian economists believe: the economy ought to be left to market forces. government policies do not affect economic activity
jasenka [17]
Keynesian economists believe:  <span>government can implement policy proposals that can positively impact the economy

Keynesian economist generally believed that the Economic situation in a country is a direct result from both private and public sector activities simultaneously, so both positive and negative things could derive from both sectors</span>
5 0
3 years ago
Last year, you set aside an advertising budget of $5,000 to place ads in different newspapers, social media platforms, and the l
aleksandrvk [35]

Based on the discount offered and the cost of advertising, your budget variance is <u>$500 </u>and it is a <u>surplus</u>.

<h3>How much do you spend on advertising?</h3>

You need to advertise for 6 months which means that you will pay for two three-month advertising seasons.

The first season will cost $2,000 because of the discount and the second season will cost $2,500. Total cost is:

= 2,000 + 2,500

= $4,500

<h3>What is the Budget surplus?</h3>

= Budget - Amount spent

= 5,000 - 4,500

= $500

Find out more on budget variance at brainly.com/question/25625268.

8 0
3 years ago
A study examining the performance of numerous assets from the United States and around the world confirms that a. U.S. equities
antoniya [11.8K]

Answer:

d. beta did a better job of explaining the returns than standard deviation

Explanation:

Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more  logical.

Standard deviation computes the total risk associated.

Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:

That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.

Thus, beta provides better details about explaining the returns.

5 0
3 years ago
2022 versa’s available intelligent key eliminates the need to use ________.
MissTica

Answer :

A blade ignition key to start the engine.

Remote keyless entry to lock or unlock the doors

4 0
3 years ago
For price discrimination to be successful, no arbitrage opportunity can be allowed. 5. Monopoly firm's marginal revenue is less
marishachu [46]

Answer:

1 (a)  

Since p = 10 - Q,

Revenue = p × Q=10Q - Q2

Hence, MR = 10 - 2Q.

MC is given fixed at 4.

Demand function is Q = 10 - p.

Plotting all these values in graph attached picture, we get

1 (b)  

The monopolist will yield where MR = MC. So,

10 - 2Q = 4

Q = 3.

At this quantity, P = 7.

1 (c)  

Consumer Surplus = Area of Triangle ABC = 0.5 × 3 × 3 = 4.5

Producer Surplus = Area of Rectangle ABEF = 3 × 3 = 9

2 (a)

Since the price is now P = MC = 4, this means

Q = 10 – 4 = 6.

2 (b)

The consumer surplus in this case would be = 0.5 × 6 × 6 = 18

The producer surplus will be zero.

2 (c)

Deadweight Loss = Total Surplus in Case B - Total Surplus in Case A

18 - 13.5 = 4.5

6 0
4 years ago
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