Business
29.09.2020 00:33
300
500
4
Solved by an expert
Which of the following is not correct? a. the value of the economist’s language
Which of the following is not correct? a. the value of the economist’s language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. b. economists use some familiar words in specialized ways. c. economics has its own language and its own way of thinking, but few other fields of study do. d. supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist’s language.
Show Answers
zoseta
5,0(20 marks)
C) Economics has its own language and its own way of thinking, but few other fields of study do.
Explanation:
Economics is a social science that studies the exchanges and uses of scarce resources. Every science has its own terms and language, and way of thinking.
For example resources in economics refers to the factors of production (land, labor, capital and entrepreneurship), while resources in geology means the amount of mineral, energy and non-metallic resources that exist in natural reserves or deposits. For economists all resources are scarce and their use must be optimized, while geologists try to determine the amount of resources in a deposit.
kaitp0726
4,6(87 marks)
The US economy expanded annually 3 percent in the second quarter of 2017, well above a preliminary reading of 2.6 percent and beating market expectations of 2.7 percent. It is the strongest growth rate since the first three months of 2015, the second estimate from the BEA showed. Increases in consumer spending and in nonresidential fixed investment were larger than previously estimated, offsetting a drag from government expenditure and investment.
Popular Questions about the subject: Business
Ian Shields Communications, Inc., a cellular communications provider...
Business
06.06.2020 22:57
Even Better Products has come out with an even better product. As...
Business
27.06.2022 05:32
The Statement of Cash Flows a. Lists all cash flows over the life...
Business
28.09.2021 06:51
You have just sold a condo that you own in Las Vegas Nevada in return...
Business
09.10.2021 10:46
Many economists believe the fiscal policy of financing government...
Business
05.10.2020 19:32
Dinklage Corp. has 7 million shares of common stock outstanding....
Business
27.10.2022 11:35
Suppose a bond is priced at $1,154.00, has 19 years remaining until...
Business
12.12.2021 10:43
Universal Semiconductors switched from the double-declining-balance...
Business
27.02.2023 02:18
UNDER EXPECTATION THEORY OF INTEREST RATES. If this year a 1-year...
Business
13.02.2020 10:45
Why does a monopolistically competitive firm earn zero economic profits...
Business
02.12.2021 07:20
New questions by subject
Please help me with this! I don t understand it-- Economics + 45...
Business
08.01.2020 18:15
The action or skill of reading written or printed matter silently...
English
23.11.2021 19:09
HELP ASAP WILL MARK BRAINLIEST which action encourages homophobia?...
Health
31.05.2020 15:30
The transverse axis for this hyperbola is The center is located at...
Mathematics
21.04.2023 14:30
D-D-Daytrip took it to ten (hey) Ayy, Panini, don t you be a meanie...
Arts
28.09.2020 07:09
A barometer is used to measure air pressure. Please select the best...
Chemistry
19.03.2020 07:32
3 questions. 1. how did the kansas-nebraska act go against the Missouri...
History
15.04.2021 13:52
What happened to the child found after the fighting at the Creek...
Social Studies
26.02.2023 06:24
Find out answers to questions
from an AI-bot
from an AI-bot
Get full access
Answers
