Whar is Economics ?

Q: is father of economics

A: Adam Smith is popularly called the Father of Economics.  He is famous for his book - The Wealth of…

Q: what can the government do to provide awareness and knowledge about people who are not literate in…

A: Answer - Need to find- what can the government do to provide awareness and knowledge about people…

Q: Why do we have markets, and according to economists, what role should government play in them?

A: Market is a place where the goods and services produced by the companies are exchanged in return of…

Q: Amagine you are the manager of a car dealership and you are trying to create an economic model to…

A: An economic model creates a similar situation for a firm in accordance to real life through which…

Q: What are the basis of concepts taught in macroeconomics?

A: Macroeconomics is a branch of economics that studies how an overall economy behaves that is, how the…

Q: Is there a need for the government to talk about Economics in layman's term? Justify and explain.

A: Government. in general, is known as the authority that is meant to make major decisions regarding…

Q: How is the father of economics

A: Economics is a study of social science which allocates the limited resources to the unlimited wants…

Q: What does mean economics wants. Give Some examples?

A: All wants that can be satisfied by goods or services produced of any kind is knows as economics…

Q: How might the quality of life ultimately be determined and measured?

A: Standard of living is the level of comfort, necessities, material goods, and wealth available to the…

Q: When recommending specific policies to undertake, economists make Oa. normative statements. Ob.…

A: Economist provide policy recommendation based on the situation faced by the economy, some of the…

Q: Test- What is micro economics?

A: Economics is the study of how the society uses its limited resources. Thus, the economics is a…

Q: 1. Define economics?

A: Economics is divided into two broad categories,  Microeconomics: It refers to the study of…

Q: what is micro economics?

A: Economics: The problem of scarcity induces to study the problem of choice at a social or national…

Q: A microeconomic analysis would deal with? a. How the change in the price of gas effects a family…

A: The study of economics can be divided into two branches namely macroeconomics and microeconomics.…

Q: Explain the nature of economics your own words, the explanation should be different from other…

A:

Q: what is economics

A: Answer to the question is as follows :

Q: What are the economics market

A: The market is a location where the transaction of services and commodities takes place.

Q: Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier…

A: Macroeconomics – It is the branch of economics that studies the entire functioning of a national…

Q: How is the success of economic policy measured?

A: There are various measures adopted by an economy to monitor its success or growth. Some examples…

Q: The way in which economists' thinks is influenced: Select one: a. Wealth b. Opportunity cost c.…

A: A financial pointer is a piece of monetary information, ordinarily of macroeconomic scale, that is…

Q: As you read about global economics, complete the chart by filling in the cause or effect

A: Simply said, globalization is the linking of various regions of the globe.Globalization is described…

Q: Vhich of the following is a macroeconomic statement?

A: Macroeconomics is a branch of economics that deals with the attributes of the whole economy. It…

Q: mic

A: The science which studies how people tend to interact with each other along with the prospects of…

Q: Why is it important for a good economic model topredict cause and effect?

A: Cause and effect refers to the relationship between two events in a way that the occurrence of one…

Q: Which of the following is not an issue that economists are interested in microeconomics? Lütfen…

A: Microeconomics is a social science that investigates the consequences of incentives and actions,…

Q: How does economics affect everyone?

A: Economics is a branch of social science which studies the behavior of the firms, people and the…

Q: ow well do  ordinary people and  corporate executives conform to the way neo-classical economic…

A: Neo classical theory assumes that market forces of demand and supply are responsible for market…

Q: You win Rs 10,000 in a horse race. You have a choice between spending the money now and putting it…

A: Economics is a branch of social science that deals with the production, distribution, and…

Q: What are the economic markets

A: There are many economic market structures which are differentiated by ts characteristics. All…

Q: If more teenagers stay in school longer, what happens to (a) production possibilities?     (b)…

A: The production possibilities and labor force of an economy are positively related. Unemployment is…

Q: what was the economic event and how did you solve the problem

A: Every one of the events which can be estimated as far as cash are named economic events and are…

Q: What is economics study?

A: Economics study is the study of how limited and scarce resources are employed to produce goods and…

Q: Which is the largest figure in economics?

A: Gross nominal product is the largest figure in the economics.

Q: give 10 economic issues

A: Economic issues refer to those problems which are faced by the entire economy due to some economic…

Q: Who wrote the book The World is Flat Select one: O a. Thomas Friedman

A: For the given question, the author of the book the world is flat need to be answered.

Q: y. Bob's opportunity cost of remaining in college is

A: Opportunity cost is the loss of potential gain from other alternatives when one particular…

Q: explain what socio-economic theory assumes about people’s behavior. What are some of the social…

A: The study of the connection or interaction between social behaviour and economics is known as social…

Q: Command economies are most likely to encourage an underground economy? a. True b. False

A: Command economies are the set-up of a market where govt. controls the production, distribution and…

Q: Economics is the study of?

A: Economics is the study of maximizing the use of scarce resources while producing different…

Q: what role do economic ideas play in policy making??

A: Policy making is a decisive role of the government where it sets some policies in order to control…

Q: what is econmy?

A: Economy basically defines the economic situation of any country.

Q: List 5 important of economics

A: Answer: The study of economics enables us to reach the conclusion of a problem on the basis of data…

Q: What are all the economic market structure and their differences? How to identify the market…

A: Dear Student as you have posted multiple questions, but we can attempt only 1 question at a time…