what is econmy?

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 is okun's law ?

A: The law shows the relationship between the unemployment rata and the GDP.

Q: Do you feel that technology positively or negatively impacts economy? Cite two examples from the…

A: In economics, technology is something that allows to manufacture goods faster, better, or cheaper.…

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: Why is this economic measuresignificant?

A: Economic growth expands the capacity of the state as well as the supply of public goods. Growth…

Q: Need

A: The great reset program by the Klaus Schwann is based on three components .  1. stakeholder economy…

Q: Q) What are some economic opportunities and challenges for an ageing population? Can you show this…

A: A continuous increase in the median age of the population due to increasing life expectancy and…

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: Who did John Maynard Keynes advise with his economic theory?

A: The macroeconomic economic theory of total expenditure in the economy and its consequences on…

Q: What is institutional economics?

A: Institutional economics underlines a more extensive investigation of institution and perspectives…

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: What is meant by economics

A: Economics is the study of all the factors related to production, distribution, and consumption of…

Q: what is micro economy?

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: what is micro economics?

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

Q: What is the need for integrating both the main branches of economics i.e Micro economics and macro…

A:

Q: Why is it important for business leaders to be aware of Micro economics?

A: MICRO ECONOMICS- micro economics implies the study of the aspect of economy at individual level.it…

Q: What is the Need for Integrating Macro and Micro economics?

A: Answer: It should be stressed that none of the two methodologies discussed above can effectively…

Q: What do you think is Technopreneurship?

A: Economic  development is the process by which the economic well-being and quality of life of a…

Q: What methodological conaiden ation in Econ omics will be useful far decision- making or policy…

A: Economics is a study of social science that would result in dealing with choices and human behavior,…

Q: What is a micro founded macroeconomic model? Why do we care about the predictions of these models?

A: An economic model represents the real-life scenario through the equation or graph.

Q: Whar is Economics ?

A: ‘Economics’ is the study of human behaviour that how an individual gets their livings. It is also…

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: the difference between macro and micro economics

A: Economics: Economics is concerned with all the economic activities arising out of scarce resources…

Q: What is the definition of economic

A: Microeconomics is the discipline of economics that studies how people and businesses react to…

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: who is Thomas Malthus ?

A: Thomas Malthus was an (English) economist and demographer who was known for his theory on the…

Q: 45 "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type…

A: Consumer price index is the measure to determine the cost of market basket of goods and services.

Q: swer the following in the space provid ne attributes of a "good" econometric model? at are the…

A: A)The attribute of a good economic model are:- i) high R squared value which explains the…

Q: What is intertemporal choice? And how it is elaborated in economics?

A: Economics is the study of efficient allocation of resources. The resources are limited or scarce…

Q: What are the four main elements of macroeconomics

A: Macroeconomics is the broader study in the field of economics which mainly deals with issues and the…

Q: write down about the econmics systems.

A: Economy: It is a system that organizes money, industry, trade of a country or region.

Q: What is macroeconomics?

A: Macroeconomics deals with hoe an economy work on the aggregate level and study economy-wide…

Q: what are the factors that contribute to econmic grow

A: Economic growth is the quantity aspect of the economy. An economy's growth is directly related to…

Q: Define the concept of economic models

A: The model that compares the market variables to forecast the change in the market is known as an…

Q: What is the meaning of economic dynamics and what is iys significance and importance?

A:

Q: What is the difference between micro and macro economics?

A: Economics is being divided into two categories namely microeconomics and macroeconomics.…

Q: What’s a economic example

A: Demand is the total quantity of goods buyers are willing to purchase at a different level of prices.

Q: Classify nach of the followng statements as postive or normative Statement Pesitive Normative Fims…

A: Positive economics describes and explains various economic phenomena or the "what is" scenario.…

Q: How are John Maynard Keynes economic theories applied?

A: John Maynard Keynes was opposed to the beliefs of Adam Smith. According to Keynes, there should be…