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blondinia [14]
3 years ago
5

What is economics as a social science​

Business
2 answers:
BlackZzzverrR [31]3 years ago
6 0

The empirical study of the possession, use, and exchange of scarce resources is known as economics, or scarcity science. Since it employs scientific methods to develop ideas that can better explain the behavior of individuals, communities, and organizations, economics is considered a social science.

almond37 [142]3 years ago
5 0
Economics is the scientific study of the ownership, use, and exchange of scarce resources – often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations. If this helps can i get brainlest
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Suppose autos cost consumers $30,000 and trucks cost consumers $15,000. What contribution does the production of 200 autos and 2
alexgriva [62]

Answer:

the  contribution made to the production of 200 autos and 200 trucks is $9,000,000

Explanation:

The computation of the contribution made to the production of 200 autos and 200 trucks is shown below

Contribution to GDP is

= $30,000 × 200 + $15,000 × 200

= $6,000,000 + $3,000,000

= $9,000,000

Hence, the  contribution made to the production of 200 autos and 200 trucks is $9,000,000

6 0
3 years ago
Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the?
Elodia [21]

Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the <u>service industry</u>.

Service industry is an industry in the part of the economy that creates services rather than tangible objects. These service industry provides a service but does not produce anything.

The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.

Hence, service industry play an important role in society.

To learn more about Service industry here:

brainly.com/question/18310687

#SPJ4

6 0
2 years ago
pryor frosted flakes company offers its customers a pottery cereal bowl if they send in 4 boxtops from flakes boxes and $1.00. T
trasher [3.6K]

Answer: $30,000

Explanation:

Company estimates that 60% of boxtops will be redeemed.

They sold 500,000 boxes

= 500,000 * 60%

= 300,000 boxtops will be sent in.

So far, 220,000 have been sent in. How many left;

= 300,000 - 220,000

= 80,000 boxtops are still to be sent in

4 boxtops are needed to receive a pottery bowl so with 80,000;

= 80,000/4

= 20,000 pottery bowls are due to be issued.

Each bowl costs $2.50 to make.  Customers will send in $1 however so effectively it will cost the company;

= 2.50 - 1

= $1.50

With 20,000 still left to be issued, each costing $1.50, the total liabilitiy for outstanding premiums to be recorded at the end of 2007 is;

= 20,000 * 1.5

= $30,000

4 0
3 years ago
Complete the following sentence.
tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

8 0
3 years ago
A corporation​ ________. A. can use straightdash-line depreciation method for tax purposes and MACRS depreciation method financi
lara31 [8.8K]

Answer:

The correct answer is B. can use different depreciation methods for tax and financial reporting purposes.

Explanation:

Corporations are allowed to use various depreciation methods (in a straight line, double decreasing balance and the sum of the digits of the years). For fiscal purposes, using the MACRS recovery periods, the assets of the first four classes of property are depreciated using the double declining balance method.

7 0
4 years ago
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