The study of economics is important because it enables us to

Answers

Answer 1

The study of economics is important because it enables us to: become better decision makers.
Economics is the knowledge to obtain and manage resources around us. Sometimes, i order to manage a certain resource, we need to sacrifice the potential to manage another resource, so ecomics definitely help us to be a better decision makerss

Answer 2

Final answer:

A basic understanding of economics allows us to evaluate arguments, think critically, and understand global issues.

Explanation:

A basic understanding of economics enables us to evaluate arguments and distinguish between common sense and nonsense when reading articles or engaging in conversations about economic issues. It also provides us with new ways of thinking about current events, personal and business decisions, and politics. Learning about economics helps us understand the major problems facing the world today and prepares us to be well-rounded thinkers and good citizens.

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Related Questions

Which mode can students use to ensure that their information is not saved in their chrome browser when they are done in the computer lab each day? (one word)?

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Incognito mode opens another window where you can peruse the Internet in private without Chrome sparing the destinations you visit. You can switch between an Incognito window and any normal Chrome perusing windows you have open. You'll just be in Incognito mode when you're utilizing the Incognito window.

A __________ is a nuclear family that emerged in response to the requirements of an urban, industrial society and the shift away from an agrarian economy.

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MODERN FAMILY is a nuclear family that emerged in response to the requirements of an urban

How to access your federal reserve account?

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The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.

What is a reasonable wattage capacity for a power supply to be used with a system that contains a dvd drive, three hard drives, and a high-end video card?

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A reasonable wattage capacity for a power supply to be used with a system that contains a dvd drive, three hard drives, and a high-end video card is 700 watts.

Wattage capacity is according to the components present in the system. The wattage capacity for a power supply is determined by adding up all the wattages and then add 30%.

Final answer:

A power supply for a system with a DVD drive, three hard drives, and a high-end video card should have a minimum wattage capacity of 600W to 1000W. This is based on the general power requirements of these components and allows for some additional power for other smaller components and future upgrades.

Explanation:

In order to specify a reasonable wattage capacity for a power supply in a system that contains a dvd drive, three hard drives, and a high-end video card, you would first need to consider the power requirements of each of these components. Generally, a DVD drive consumes around 15-30W, each hard drive might require 15-25W and a high-end video card can range from 200-500W. Considering these power requirements and adding some spare for other smaller components and future upgrades, you should look for a power supply with a wattage capacity of at least 600W to 1000W. However, these are just estimates and the actual power requirements could be higher or lower based on the specific models of the components.

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How do price ceilings and price floors restrict the free exchange of prices?

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Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.

The people pane shows social media information available for any people who were included in the header of a message in the ____ pane.

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The people pane displays social media data presented for some people who were limited within the header of the message in the reading pane, as well as attachments, appointments and notes related to those people. A people pane is a pane in outlook that shows a certain contact laterally with related data including photos, status communication or feed, calendar items, etc. on or after outlook and other networks.

The ________ measures the variation in the dependent variable that is explained by variables other than the independent variable in simple regression analysis.

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The SSE measures the variation in the dependent variable that is explained by variables other than the independent variable in simple regression analysis.

SSE stands for Sum of Squares Error. There is a straight line that fits an ordered pair series (x,y), simple regression analysis allows us to describe that straight line.

The coefficient of determination, R², and partial correlation coefficient values explain the percentage of variation in the dependent variable that can be accounted for by the independent variable and other factors, respectively.

R², when expressed as a percent, represents the percentage of variation in the dependent (predicted) variable y that can be explained by variation in the independent (explanatory) variable x using the regression (best-fit) line.

The testing of the regression equation partitions the total sum of squares using the total coefficient of determination, R². Note that this is not the same as the square of total correlation.

Partial correlation coefficient values are the additional variability in the response variable that can be explained by an independent variable, such as that by X₁, after the variability of another independent variable, such as X2, alone has been accounted for.

Graduated licensing is a concept that is sweeping the united states true or false

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It is TRUE that graduated licensing is a concept that is sweeping the United States. Graduated licensing is one of the way the government is employing to tackle the problem of incessant motor accident and to improve safety. The program is a three stages system that is made up of learner's permit, intermediate license and full license.

In aâ ________, the manager is responsible for generating revenues and controlling costs.

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The answer in the space provided is the cost center. It is because in the cost center, it is where costs are being managed, handled and are being charged in which is needed in purposes in accounting. It is usually handled by the manager in charged of the department in the cost center in which he or she does not only controls the cost but also generates revenues.

Oleksiy is an adjunct professor in the department of fine arts. he applied for a full-time job recently, which he did not get. he tries to put this situation in a positive light, reminding himself that he will have more time to produce artwork if he is not working a full-time job. he also reminds himself that some of his friends from grad school can’t find work related to art in any way. which type of coping approach is oleksiy using?

Answers

The coping approach that Oleksiy is using is called EMOTION FOCUSED.
Emotion focused coping involves making efforts to cope with the stress or the challenge one is passing through by reminding oneself that one is still luckier compare to others. This is called positive comparison. Emotion method of coping also include distancing oneself from the challenge or minimizing the problem.

Final answer:

Oleksiy is using a coping strategy known as positive reinterpretation. He reframes the disappointing situation in a positive light, focusing on the potential benefits of his current situation and comparing it favorably to others.

Explanation:

Oleksiy is using a coping strategy known as positive reinterpretation. This approach involves reframing a negative experience in a way that helps to perceive it in a more positive light. In this context, instead of focusing on his disappointment of not getting a full-time job, Oleksiy practices positive reinterpretation by highlighting the benefits of his current situation such as having more time to create art and comparing his situation favorably to his fellow graduates who are unable to find work in their field of specialization. Just like the example of Chris, who also utilizes coping strategies by pursuing his intellectual interests on the side despite working blue-collar jobs, Oleksiy is using this coping mechanism to deal with his situation.

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Linda owns a bakery and wants to hire bill, a web-page developer, to create a new site for her company. linda does not need bill on staff permanently. bill would be considered a(n) ________

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Linda owns a bakery and wants to hire bill, a web-page developer, to create a new site for her company. Linda does not need bill on staff permanently. bill would be considered an independent contractor. The web-page developer is self-employed who controls his own employment circumstances, including when and how work is done.Doctors, dentists,lawyers, freelancers are also examples of independent contractors.

Assuming a speed limit is 105 km/hr, what is this in miles per hour? A. 55.247 mph B. 50.247 mph C. 60.247 mph D. 65.247 mph

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In the question we are given 105 km/hr
One mile = 1.60934 km
105/1.60934 = 65.244.
Thus, 105 kilometer = 65.24 mile.
The correct option is D.

What is the amount of money that the policy holder must pay before the insurance company will reimburse an insured loss?

Deductible
Rider
Premium
Exclusion

Answers

The policy holder must pay deductible.

the answer to your question is deductible

John wanted to know how much he would pay this year in federal income taxes. which form would he use to determine this amount?

Answers

Final answer:

John would use the 1040EZ tax form to calculate his federal income taxes if he has a straightforward financial situation. For more complex finances, the standard 1040 form and additional forms might be needed.

Explanation:

John would use the 1040EZ tax form to determine how much he would pay this year in federal income taxes. This form is the simplest tax form for individuals with uncomplicated financial situations. When filling out the 1040EZ, John's taxable income is calculated by subtracting a standard deduction and an exemption from his adjusted gross income, which includes wages, interest income, and unemployment compensation. If John has a more complex financial situation, including additional income sources or desires to itemize deductions, he would need to use the more detailed 1040 form and potentially additional schedules or forms.

Dr. cho wants to know if differences in the growth rate of fish are based on genetics or the environment. he buys two fish. fish 1 is fed every day, while fish 2 is fed every other day. at the end of a month, fish 1 is nearly 15 percent larger than fish 2. considering the fish have a nearly identical genetic makeup, what can dr. cho conclude?

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Dr. Cho should conclude that the growth rate of a specie is still greatly affected by its environment. I think that genetics play a big role, but only in the first few time periods of a life cycle. It is our genetics that tell our physical characteristics such as eye color, hair color, body type or skin tone. But as time progresses and your are exposed to an environment for a long period of time, these characteristic may be affected and can evolve. For example, the hair color of a person is originally black may become brownish if works regularly under the sun. The same is true for bone structure, metabolism and growth rate. External factors such as food could greatly affect a specie's characteristics.

_____ includes any symbol, made with the intent to authenticate a writing.
a. seal
b. informal note
c. mark
d. signature

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Signature includes any symbol, made with the intent to authenticate a writing. The confirmation that a signature on a document belongs to the person who has signed it is called signature authentication. There is also electronic signature authentication in order computer users to prove their identity. E-mail, SMS, and knowledge based questions are examples of electronic signatures.

When checking ids to identify minors, how can laser engraving used on the new british columbia driver's licenses and identification cards help?

Answers

The new Columbia driver's licence has latest security features that prevent fraud and identity theft. The laser engraving on the driver's licence is perceptible by touch and can be examined by touch to determine its authenticity.

Answer:

It´s easier to spot the fake id´s.

Explanation:

With the new technology of laser engraving that has security measures to be harder or even impossible to clone, fake id´s are easier to spot, this can be used to easily spot minors that are using fake id´s to buy alcohol or to drive.

In a given year, US exports were $5 billion and imports were $16 billion. What was the US trade deficit or trade surplus that year?

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First, we will calculate the net trade balance:
net trade balance = exports - imports = $5 billion - $16 billion = $-11 billions

Then, we will decide whether this is trade deficit or trade surplus. A trade surplus is when the value of exports is more than that of imports while a trade deficit is when value of imports is more.
From the mentioned values, it is clear that the US suffered from a trade deficit this year.
Value of trade deficit = $11 billion.

Which u.s. president said in an annual message to congress, “today, more than ever before, american capital is seeking investment in foreign countries, and american products are more and more generally seeking foreign markets?”?

Answers

William Howard Taft. He evinced some political goals, clowning that in the event that he at any point made it to Washington, it would be on the grounds that his significant other was secretary of the treasury, yet he had dependably said his long lasting dream was to sit on the Supreme Court. Nellie, be that as it may, who had gone to the Hayes White House with her family as a kid, communicated an unmistakable fascination in living there.

In two or three sentences, explain how a monopolist chooses a price

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A monopolist desires to produce less goods while earning maximizing profit. However, if the marginal revenue of the goods are in decrease (less goods of demand), the monopolist must higher the demand by lowering the price for customers to buy the goods. Thus, the marginal revenue increases- goods demanded, lower prices of goods-for a lot of customer demands, produces more goods- due to customer increase of demand and lower price of goods. At the end of day, the monopolist makes maximizing profit..

What action should you take if you fail to receive the renewal notice card reminding you that your driver license is about to expire?

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The response to the given scenario above is that whether there is no renewal notice or you didn't receive any, it is best to renew the driver license without it. It is because the renewal notice is not a requirement in renewing your license when the individual already has the knowledge that it is about to expire.

What is the best way to judge the cooking and holding temperatures of food?

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The best way to judge the cooking and the holding temperature of food is to use a food thermometer. Thermometers are devices that are used to measure temperature of objects. Specifically, food thermometers are for food use. They are designed for cooking or just checking the temperature of food products. There are two general types of thermometers namely analog and the digital thermometer. The difference between the two is on the way how temperature are read. For analog, temperature is read manually by a dial or by graduation markings. For digital, the temperature can be obtained directly since the value is written directly on a screen.

Operational-level manufacturing systems deal with the firm's long-term manufacturing goals, such as where to locate a new plant.
a. True
b. False

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I believe the answer is False. Operational-level systems deal with the equipment that manufactures the product, not where the product is manufactured. The upper-level CO'S
& business coordinators deal with location.

What do quotation marks mean in facebook activity log?

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Quotation marks in Facebook activity log refer to your searches - so you searched a group or a person on Facebook, and that search is stored in your activity log. It stores both the things that you started typing, but didn't search in the end, and the things you did search. You can delete this if you want - just click the 'clear searches' button at the top.

__________ refers to the division of the economy into two areas of employment: a primary sector or upper tier, composed of higher-paid (usually dominant-group) workers in more secure jobs, and a secondary sector or lower tier, composed of lower-paid (often subordinate-group) workers in jobs with little security and hazardous working conditions.

Answers

The answer is Split Labor Market Theory. This was proposed by humanist Edna Bonacich in the mid 1970s as an endeavor to clarify racial/ethnic strains and work showcase division by race/ethnicity as far as social structure and political power as opposed to singular level preference.

1. Everyone has the same amount of risk. True False

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False. Different jobs pose different amount of risk. A teacher's job is way less riskier than that of a soldier's.

Most definitely False

As it pertains to the diffusion of innovation, if the __________ group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.

Answers

As it pertains to the diffusion of innovation, if the Early adopters
group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.
Early adopters refers to a group of people that start to use our product as soon as it available. The more early adopters we have, the easier it is for us to take the market share because of the mouth-to mouth advertising.

When total demand outpaces actual output in the economy, the economy usually enters?

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The economy usually enters into DEMAND PULL INFLATION. This situation is usually describes as too much money chasing too few goods. Demand pull inflation is characterized by increase in the prices of goods and services, increase in real gross domestic product and decrease in unemployment.

What is the first step in creating a cash flow statement?

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The first step is to calculate income.

Record your income.

Let me know how it goes!

How does the existence of substitutes affect the price elasticity of demand?

Answers

The price elasticity of demand (PED) is a calculation of how much the measure demanded changes with a change in price. When there is accessibility of substitute goods, the more probable substitutes there are for a given good or service, the greater the elasticity. When some close substitutes are accessible or available, consumers can easily change from one good to another even if there is only a small change in price. On the other hand, if no substitutes are available, demand for a good is more likely to be inelastic.

Final answer:

The existence of substitutes affects the price elasticity of demand by making it more elastic. Consumers have the option to choose alternative products instead of paying higher prices, leading to a larger change in the quantity demanded. The availability of substitutes influences how responsive consumers are to changes in price.

Explanation:

The existence of substitutes affects the price elasticity of demand. When there are close substitutes available for a product, the demand becomes more elastic. This means that consumers have the option to choose an alternative product instead of paying a higher price. As a result, a small price change can lead to a larger change in the quantity demanded.

For example, if the price of brand A soda increases, consumers may choose to buy brand B soda instead, as they are close substitutes. This shift in demand from brand A to brand B shows the price elasticity of demand for soda. Therefore, the availability of substitutes influences how responsive consumers are to changes in price.

Other Questions

Modify secondverse to play "the name game" (a.k.a. "the banana song", see wikipedia.org), by replacing "(name)" with username but without the first letter. ex: if username = "katie", the program prints: Simplify the expression.a. square root 6b. square root 12c. 9 square root 12d. 9 square root 6 Why does the treatment of a genetic disease produce only a "phenotypic cure"? simplify the expression. cos^2(pi/2-x)/sqrt1-sin^2(x)a. tan(x)b. cos(x)tan(x)c. cos(x)cot(x)d. sin(x)tan(x) Read the case scenarios located at the case scenario link on the activity page. Choose one of the six case scenarios and using the decision making process, explain what you would do. (Total 48 points) You attend a party with two friends. The three of you agree to meet out front to leave at a set time. One person is not outside, and you go looking for her. When you find her, she appears to be drugged. Using any drug or alcohol isn't typical for her and her parents expect her home in 20 minutes. What will you do?*Complete the decision making sequence below.Identify the decision to be made.List all possible options and alternatives.Evaluate each of the options and alternatives.Choose the best option.Act on your decision.Evaluate your outcomes. Explain how using the 6 step Decision Making sequence above helps aid in wise decision making. Write 2 paragraphs containing a minimum of 10 sentences. (12 points) The compound ch3 - ch2 - sh is in the organic family known as Chromosomes only exist inside gametes true or false Marla is looking for a new car. She has test-driven two cars but can only purchase one. The probability that she will purchase car A is 0.52, and the probability that she will purchase car B is 0.38. What is the probability that she will not purchase either car A or car B? For each processor find the average capacitive loads. Which sentence is punctuated correctly? a. my grandmother gave me sound advice; know your roots. b. my grandmother gave me sound advice: know your roots.? Which of the following statements appeals MAINLY to emotion?a. Save our children! Vote for zero-tolerance drunk driving laws.b. Zero-tolerance drunk driving laws have been shown to reduce alcoholrelatedcar accidents.c. Wearing a seat belt significantly reduces the number of fatal caraccidents that occur each year.d. Car accidents are the leading cause of death for teens in the United States A foundry produces circular utility access hatches (manhole covers). currently, 120 covers are produced in a 10-hour shift. if labor productivity can be increased by 20%, it would then be: A system of equations is shown below: x + 3y = 5 (equation 1) 7x 8y = 6 (equation 2) A student wants to prove that if equation 2 is kept unchanged and equation 1 is replaced with the sum of equation 1 and a multiple of equation 2, the solution to the new system of equations is the same as the solution to the original system of equations. If equation 2 is multiplied by 1, which of the following steps should the student use for the proof? Evaluations of drug treatment programs have demonstrated a failure rate of: As fast as you can, name the planets in order from least mass to most mass. HINT: Check your notes about the gravitational force on each planet compared with earth. in the final event of a track meet, 6 runners run a 100 meter dash. A) How many possible arrangements are there for the medal winners (gold, silver and bronze)? B) state whether it is a combination or permutation A 50 foot ramp makes an angle of 4.9 with the horizontal. to meet new accessibility guidelines, a new ramp must be built so it makes an angle of 2.7 with the horizontal as shown below. what is the length of the new ramp? Theodor geisel, better known as dr. seuss, was one of the most popular authors of books for children. on which source of humor did he rely on? "always look on the bright side of life," advises a tin pan alley standard. the lyric is promoting ___________ coping. As union commander, grant was best characterized by his: a. tactical caution b. alcoholism c. ability to train and inspire troops d. belief the war would be won in the west e. plan to relentlessly attack Steam Workshop Downloader