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RSB [31]
3 years ago
6

Briefly explain economics​

Business
1 answer:
Valentin [98]3 years ago
7 0

Answer:

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. The building blocks of economics are the studies of labor and trade.

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Suppose the U.S. government encouraged consumers to trade in their old automobiles for more​ efficient, new models by paying up
VARVARA [1.3K]

Answer:

B. people respond to economic incentives.

Explanation:

Economic incentive is material given by someone, that is capable of motivating the other person to behave or act in a certain way. If economic incentives come from a government, it can be in form of tax incentives, subsidies or any monetary gift in form of cash or near cash.

To the economist, human being being rational, will respond to economic incentives in various forms.

7 0
3 years ago
Determine the average rate of return for a project that is estimated to yield total income of $402,300 over five years, has a co
spayn [35]

Answer: 27%

Explanation:

The Average rate of return is calculated by;

= Estimated Average Annual income / Average Investment

Estimated Average annual income = Total income/ years income is accrued

= 402,300/5

= $‭80,460‬

Average Investment = (Initial cost + Residual value) / 2

= (524,500 + 71,500) / 2

= $‭298,000‬

Average rate of return = 80,460/298,000

= 0.27

= 27%

8 0
3 years ago
Which of the following situations could cause a budget deficit for the federal government?
Sindrei [870]
The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,
7 0
3 years ago
Read 2 more answers
Suppose that you want to recreate shulte's study in the great wicomico river and make nine reef complexes as shown above. you wo
anyanavicka [17]

Answer:

The best sampling protocol to be used here include <em><u>Random Sampling approach</u></em> to select sites on different reef types from several of the reef complexes.

Explanation:

Random sampling is a part of the sampling technique in which each sample has an equal probability of being chosen.

Simple random sampling is most appropriate when the entire population from which the sample is taken is homogeneous. The sample here is Oyster Density.

Another justification for the use of Random sampling is the size of the population. We are talking about nine reef complexes here. The advantages of a simple random sample include its ease of use and its accurate representation of the larger population.

Cheers!

5 0
3 years ago
Sometimes a marketing channel is quite simple and short, perhaps running directly from a producer to the final user or consumer.
nordsb [41]

Answer:

True

Explanation:

Marketing is all about branding, and the main purpose is used to attract more customers. It is considered as the main component because it directly affects the consumers and producers. Marketing is an effective way to increase sales because marketing persons directly communicate with customers. Sometimes marketing does not require an intermediate, and marketing person directly sale the products and services to the end-user.

3 0
4 years ago
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