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otez555 [7]
2 years ago
5

How do you economists use data

Business
2 answers:
never [62]2 years ago
7 0

Answer:

They use various statistical measures of data that help them in predicting the probability of the rise or fall in production or any other aspect like the job loss or the FDI and many aspects of the economy.

hope it helps

mark me brainliest

ale4655 [162]2 years ago
5 0

Answer:

Economists use various statistical measures of data that help them in predicting the probability of the rise or fall in production or any other aspect like the job loss or the FDI and many aspects of the economy.

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True or false: forecasts are set on the marketing budget detail spreadsheet.
Sladkaya [172]
The statement above is true. Forecasting is the utilization of notable information to decide the heading of future patterns. Organizations use estimating to decide how to apportion their financial plans or plan for expected costs for an up and coming timeframe. This is regularly in view of the anticipated interest in the products and ventures they offer.
4 0
3 years ago
Read 2 more answers
Assume Uber planned to cut losses by 40 percent by withdrawing from countries like China and Singapore. A year has now passed si
yKpoI14uk [10]

Answer: The correct answer is "d. control the direction".

Explanation: Uber need to control the direction because:

a. make the plan  - The plan has already been drawn up, is to withdraw from China and Singapore.

b. make the goal  - The objective was not met because, despite having executed the plan, there are still losses.

c. define objectives  - The objectives have already been defined and is to reduce losses.

d. control the direction  - The executed plan is not fulfilling the objectives therefore it is necessary to control the direction of it.

e. carry out the plan - The plan has already been carried out, a year has passed and there are still losses.

6 0
3 years ago
Read 2 more answers
Ryan, the owner of Home Value supermarket chain, wants to terminate a contract with a supplier. During the tenure of the contrac
Basile [38]

Answer:

Ryan takes the supplier representatives out for lunch and thanks them for being such great friends.

Explanation:

Ryan taking the supplier representatives out for lunch and thanking them for being such great friends is a less-than straightforward way of saying no and ending the working relationship.

From the supplier's perspective, Ryan taking the time to take them out on a lunch would suggest he's trying to show gratitude, so as to foster their existing business relationships.

On the other hand, coming to realize that it was his way of saying no and ending the working relationship between them would make the supplier representatives disappointed and making Ryan look less-than straightforward.

5 0
3 years ago
The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than
Alex777 [14]

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

<h3>What does law of supply states?</h3>

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

Read more about law of supply

<em>brainly.com/question/1222851</em>

#SPJ12

7 0
1 year ago
Suppose you are in charge of setting prices at a local ice cream shop. The business needs to increase its total revenue, and you
In-s [12.5K]

Answer:

The price of ice-cream should be reduced.

Explanation:

As the price elasticity of demand is 1.8,which is given as

Price/Demand=1.8

As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.

This indicates that the price is more so the price of ice-cream should be reduced.

4 0
3 years ago
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