How is economics a science?

Answers

Answer 1

Answer:

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.


Related Questions

500 essay over what you did for the summer

Answers

Answer: had fun

Explanation:

Mention the importance of hotel management?​

Answers

A hotel management degree can help you land a valuable entry-level job in food and beverage service, accounts, restaurant service, executive housekeeping, marketing, and other agencies within such a hotel.

Which of the following is a plant location methodology that is good for locating a single facility within a set of existing facilities based in distances and volumes of goods shipped?

a. Factor-rating
b. Decision trees
c. Regression Analysis
d. Linear programming
e. Centroid

Answers

Answer:

the answer should be E. centroid

Explanation:

Centroid Method

What are the advantages and disadvantages for companies of product endorsements?

Answers

Answer:

The celebrity may get into trouble and the brand would reflect that bad image, and both the celebrity and the company would get popularity and money

Explanation:

id k you can get more in depth if you understand it that much

Product endorsements in business can bring advantages such as increased brand visibility and expanded customer base, while also having drawbacks like high costs and potential negative publicity.

In the realm of business, product endorsements can offer several advantages and disadvantages for companies. Let's start with the advantages.

One major benefit is the increased brand visibility and exposure that endorsements provide. When a reputable individual endorses a product, it can build trust and credibility among consumers.

Endorsements can also lead to an expanded customer base, as the influencer's followers may be more inclined to try the endorsed product. Additionally, endorsements can help companies stand out from competitors and create a positive association with their brand.

However, there are some disadvantages to consider. First, endorsements can be costly, especially if the celebrity or influencer demands a high fee. Moreover, there is the risk of negative publicity if the endorser gets involved in scandals or controversies. Finally, if the endorsed product does not align with the values or interests of the endorser's audience, the endorsement may not have the desired impact.

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At a party after your high-school football game there are several under-age people consuming alcohol. As you leave, you notice an unconscious guy looking really bad. His friends are concerned that he needs medical attention, but they are afraid that they'll be arrested if they take him to the hospital . You volunteer to take him to the hospital because you know that TABC will not cite him for illegal possession or consumption of alcohol since this is a life or death situation and getting medical attention immediately is critical . Are you correct that the guy who drank all the alcohol will not be arrested even if TABC is at the hospital ?

Answers

To a large extent, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention and to not be arrested.

What is underage alcoholism?

Underage alcoholism is a physical or emotional dependency on alcohol by a teenager.

Some of the consequences of underage alcoholism are:

Unintentional death and injury can occur.Homicide and violenceSu.cidal attemptsS.xual assaultVandalism and property damageOther risky behaviors.

Thus, I should be correct that TABC at the hospital will not arrest the guy who drank all the alcohol because he requires immediate medical attention.

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Examine four factors that affect net export of a country.

Answers

Answer:

The chief determinants of net exports are domestic and foreign incomes, relative price levels, exchange rates, domestic and foreign trade policies, and preferences and technology.

if my answer helps you than mark me as brainliest.

Select all that apply Given the accounts below, choose all of the ones that affect equity. (Check all answers that apply.) Multiple select question. Cash Common Stock Accounts Payable Revenues Dividends Expenses Mortgage Payable

Answers

The accounts that affect equity are revenues, common stock, expense, and dividends.

The following information should be relevant for the equity:

If there is an increase in revenue so the equity is also increased.If there is an increase in the common stock so the equity is also increased.If the expense is increased so it decreased the equity.If the dividend is paid so the equity is decreased

In this way, the equity account is affected.

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What is a relationship between a Hr and a line up management of an organisation?

Answers

Answer:

When conflicts arise, line managers typically seek the advice of HR in resolving issues between employees or issues between employees and their managers. A positive working relationship between HR and line management facilitates easier handling of workplace investigations and mediating differences between staff.

The major difference between a good and a service is how the producer uses the factors of production to create each.

a. True
b. False

Answers

Goods, as well as, services are the two key items that are offered to the consumers and ensure the occurrence of economic activities to take place.

The statement asserting that 'the key distinction between goods and services is that the manner the producer employs various factors in producing them' would be considered:

b). False.

The goods are characterized as the physical objects or items that a producer produces employing different factors like capital, labor, land, etc. to offer it to the consumers for an amount in return.

Examples, clothes, shoes, jewelry, etc.

While the services are the activity or the aid that is provided to them through a set of individuals in order to make the tasks easier for them.

Example: Barber, Tutor, Doctors, etc.

Thus, the statement is false as services are not produced but offered.

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What report in QuickBooks Online will show whether a client was profitable for a specific period?

Answers

Answer:

I think Profit and Loss

Hope this help!:)

why teams need negotiation skills?

Answers

Answer:

Negotiating a decision that the group is all happy with increases a team's cohesion and helps individual members examine their own motivations. Successful negotiation provides the team with faith in their ability to continue to co-operate with each other.

hope it helps you.

What is the difference between private costs and social costs in economics?

Answers

Answer:

private cost are paid by the firms or consumer and must be included in production and consumption decision

social cost include both private cost and any other external cost to society arising from the production or any consumption of a goods and services

Explanation:

private costs are paid by firms or consumer and it must be included in production and consumption decisions while social costs are costs of both private costs and any other decision or consumption that are arising the community

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the __________ value of the asset.

Answers

Your answer will be a

Answer:

Carrying

Explanation:

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the carrying value of the asset.

3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line

Answers

Looting shops and malls is a serious crime which today's world faces. Whenever there is any event or natural disaster there is a group of people who exploit this situation.

Many shops and malls are looted as everyone is busy escaping the natural disaster.

There are the people who benefit from these crisis. There is social responsibility of every citizen not to exploit the situation.

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The looting of shops and malls reduces the incentives for businesses to carry out their social responsibility and minimizes their ability to meet the Triple bottom line.

Social responsibility imposes an obligation on businesses to strike a good balance between these factors:

economic growthsocial welfareenvironment impact

Similarly, businesses have the mandate to meet the Triple bottom line in these ways:

Meeting financial performance targets in terms of profits and shareholder valuesMaking positive social impact on the people, internal and externalEnsuring that their environmental footprint is not too negative on the planet.

Thus, when people engage in the looting of shops and malls at the slightest provocation, the ability of businesses to meet both their social responsibility and Triple bottom line is jeopardized.

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Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except:_________

a. customer database systems.
b. information systems to track supplier/partner/collaborative ally data.
c. human resources systems that maintain employee data.
d. data management systems for undertaking benchmarking, TQM, and Six Sigma quality control.
e. systems to record and report financial performance data.

Answers

I got answer d as my choice

Essential state-of-the-art operating and information systems that support company strategies and value-creating internal processes include all of the following except data management systems for undertaking benchmarking, TQM, and Six Sigma quality control. Hence, option D is appropriate.

What is the meaning of data management systems?

Data management systems are computer programs that enable the storing, retrieving, and processing of data requests. Users can create, read, modify, and remove data in databases using a DBMS, which acts as a link between them and the databases.

Within an organization, data management entails gathering, storing, analyzing, and exchanging data. Every company that generates or uses digital data, especially those with significant data quantities, stands to gain from data management.

Database administration program. Data management systems (DBMS), according to Connolly and Begg, are "software systems that enable users to define, construct, maintain, and govern access to the database."

Concurrency, safety, backup and recovery, integrity, and data descriptions are just a few of a DBMS's features. Database management systems offer several significant advantages, but their implementation can be expensive and time-consuming. Hence, option D is correct.

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what is the role of Hr in Globalization?​

Answers

Answer:The globalization is a trend of the last 20 years. The organizations become multinational, and they are present in many countries in the world. The HR Role is to set up the international team, which develops the unified corporate culture and corporate values.

Explanation:

Answer:

to set up the international team

what is an example of a flame?

Answers

Answer:

D

Explanation:

If D wrong it's A

The concept of operant conditioning is a part of the broader concept of ________, which argues that behavior follows stimuli in a relatively unthinking manner.

a. equity theory
b. expectancy theory
c. cognitive behavioral therapy
d. behaviorism
e. humanism

Answers

The answer is C cognitive behavioral therapy

Option C. cognitive behavioral therapy

What does cognitive behavioral therapy mean?

Cognitive-behavioral therapy (CBT) is a therapeutic approach that helps identify negative or useless patterns of thought and behavior. CBT is designed to help you recognize and investigate how emotions and thoughts can affect your behavior.

In most cases, CBT is a step-by-step process that helps a person take step-by-step steps towards behavioral change. For example, a person with social anxiety may start by simply imagining a social situation that induces anxiety. Then they can start practicing conversations with friends, family and acquaintances.

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A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all employees interested in innovative opportunities. Firms in the ________ quartile on the inclusiveness rankings had experienced growth, on average, five times greater than firms ranked in the ________ quartile.

Answers

The answer is: top; bottom

Explanation:

A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all employees interested in innovative opportunities. Firms in the “top” quartile on the inclusiveness rankings had experienced growth, on average, five times greater than firms ranked in the “bottom” quartile.

Explain environmental and organizational factors affecting HR forecasting.


Answers

Answer:

factor affecting hr fire forecasting

Employment.

Technological changes.

Organizational changes.

Demographic changes.

Culture.

Shortage of skill due to labor turnover.

Pressure groups.

Economic factors.

Explanation:

please mark me brainleast

Auditors-Are-Us LLC, audited the financial statements of LINKCO Industries, a private company, for the year ended December 31, 2020. Materiality threshold was $500,000. The following issues were encountered during the audit:
1. Management understated Income Tax Expense by $800,000. The auditors' Proposed Adjusting Journal Entry was accepted. This was a matter that involved especially challenging, subjective and complex judgements.
2. Management revealed to the auditors that it had lost a customer - Alliance Industries - on June 1, 2021. This Customer accounted for 25% of LINKCOS Revenues in 2020.
3. LINKCO is a defendant in a lawsuit alleging patent infringement. This is adequately disclosed in the Notes to the Financial Statements but no provision for liability was recorded by Management. The auditors Proposed Adjusting Journal Entry for $1,000,000 was rejected by Management. Masco's Net Income is $8,000,000 in 2020. It had weighted average common shares outstanding of 200,000 and fully diluted shares of 400,000 during 2020.

Answers

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Freè Points. Im Moving Next Week on the 1st, what is the most efficient way to unpack and get settled in? Thanks.

Answers

Thanks for your free point
Good luck with it I appreciate
Wait add cloud lights on it... it’s in my room it’s looks hella cool

What is meant by the word business

Answers

Answer:

Business is a commercial activity or a persons regular occupation , profession or trade.

A food worker needs to cool a large pot of soup How should the food worker cool the soup?
aUse an ice paddle
B Set the pot under a fan
c. Leave the pot on the counter
d. Place the pot in the walkin cooler

Answers

Answer:

a)use an ice paddle. it is the most suitable way

Food workers often uses different ways to cool large pot of soup. The best way here is to Use an ice paddle

When we fail to properly cool foods, it can result in foodborne illness. As such, one must follow due guidelines to ensure your batches of soup are cooled safely.

Ice paddle are often seen or found in commercial kitchens.  The paddle is often filled with water and then it is wrapped in a protective plastic and placed in the freezer.

When the soup ready, remove it totally from the from stove, remove the paddle from the freezer and use it to stir the soup in the kettle to speed the cooling process.

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A company is considered a price setter when: ____________

a. it operates in a highly competitive market
b. its product is unique.
c. it has little flexibility in setting prices of its products.
d. all of the above are correct.

Answers

Answer:

it has flexibility in setting prices of its products.

The answer is c
It has little flexibility……..

what is the role of HR in the organization?​

Answers

Answer:

department charged with finding, screening, recruiting and training job applicants as well as administering employee-benefit programmes

Explanation:

It is HRM's responsibility to ensure good working environment for the employee.

Collecting the principal on a loan to another company would be reported on the investing activities section of the statement of cash flows.

a. True
b. False

Answers

Answer
It’s true
Hope it helps
Sorry if wrong

Freè 30 Points just answer this simple question!!! Im Moving Next Week on the 1st, what is the most efficient way to unpack and get settled in? Thanks.

Answers

Answer:

Unpack the things in the order of importance.

Explanation:

Unpack the things in the order of importance.

Answer
First move in and ....

discuss whether or not the demand or changes in supply have a larger influence on the market for tomatoes ​

Answers

Answer:

It have large change in market due to the change in demand and change in supply of tomatoes because when the the rate is increased so show the person stop buying or decrease buying tomatoes and when rate is decreased so people buy more tomatoes and if supply will decrease then and the the rate of tomatoes will automatically.

Hope it helps you.

_________________is a group that decides what must be done to meet the functional objectives defined by leaders.

Answers

Answer:

I hope that answer is a team.

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