Any model is based on making assumptions because

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Answer 1

Generally, the economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.

What is an economic model?

This refers to a simplified description of reality that is designed to yield hypotheses about economic behavior that can be tested.

However, this economic model is based on making assumptions because of an inability to analyze economic issue unless the complexity is reduced and the models have to be simplified to make it useful.

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Related Questions

Questioning everything best describes: A. the impartiality characteristic a systems analyst needs during requirements determination. B. the impertinence characteristic a systems analyst needs during requirements determination. C. the reframing characteristic a systems analyst needs during requirements determination. D. the attention to details characteristic a systems analyst needs during requirements determination. E. the relaxing of constraints characteristic a systems analyst needs during requirements determination.

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B. the impertinence characteristic a systems analyst needs during requirements determination.

The impertinence trait a systems analyst needs while determining requirements is best characterized as questioning everything.

Why is questioning everything important?

It enables you to identify your problems and come up with better ideas to address them. It's how you help people you lead to develop their capacity and potential.

It keeps you in a learning mode as opposed to a critical mode. When you ask a question, you're not immediately jumping in to offer an explanation, a solution, or to take on the problem.

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Business analytics use Blank______ to derive meaning form data by finding patterns to make future predictions. Multiple choice question. facts analysis algorithms knowledge

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Business analytics use Blank algorithms to derive meaning form data by finding patterns to make future predictions.

What is Business Analytics?

Business analytics (BA) is a fixed of disciplines and technology for fixing commercial enterprise issues the usage of records analysis, statistical fashions and different quantitative methods. It includes an iterative, methodical exploration of an organization's records, with an emphasis on statistical analysis, to force decision-making.

Data-pushed businesses deal with their records as a commercial enterprise asset and actively search for methods to show it right into a aggressive advantage. Success with commercial enterprise analytics relies upon on records quality, professional analysts who apprehend the technology and the commercial enterprise, and a dedication to the usage of records to benefit insights that tell commercial enterprise decisions.

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What is the tool by which financial markets allocate funds across alternative uses?

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Interest rates is the tool by which financial markets allocate funds across alternative uses.

What are financial market instruments?

Financial markets are formed by buying and selling of a lot of types of financial instruments such as equities, bonds, currencies, and others.

Note that Interest rates is the tool by which financial markets allocate funds across alternative uses.

See options below

A.

Automatic teller machines.

B.

Interest rates.

.C.

Commodity prices.

D.

Bank fees.

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what must an applicant for a real estate license do if they have been convicted of a crime

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The thing which an applicant for a real estate license should do when he has a crime conviction is to disclose all convictions on the application.

What is a Crime Conviction?

This refers to legal process where a person is accused of a crime, tried, found guilty and sentenced.

Hence, we can see that after the sentencing, there is already a crime conviction and this must be stated for a person that wants to apply for a real estate license.

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A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called

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A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.

What is community reinvestment act?

This is an Act passed in to law to help reduce that discrimination that often occur among the low income individual and the high class individual in a particular environment.

Therefore, A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.

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when the price of a product falls, demand for its substitute will _______. multiple choice question. stay the same decrease increase

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When the price of a product falls, demand for its substitute will decrease.

What is Demand?

Demand is the number of goods a consumer is willing to purchase at the right price within a period of time. The prices of goods determine the level of demand for that particular good.

When the price of a particular product falls or depreciates, the demand for the substitute for that good will also decrease.

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If the Fed wants to decrease interest rates, it should: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices recall bonds in open market operations. issue bonds in open market operations. buy bonds in open market operations. sell bonds in open market operations.

Answers

If the Fed wants to decrease interest rates, they should buy bonds in open market operations.

How can the Fed decrease rates?

The Fed can engage in Open market operations where they buying bonds from the market.

This would increase the amount of cash in the economy. As this happens, interest rates would decrease because less people would demand loans as they would have cash.

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Regulating banks and savings and loans differently (specifically limiting the amount of interest that a savings and loan can offer to potential savers) causes:

a: banks to have a competitive disadvantage

b: savings and loans to have a competitive advantage.

c: savings and loans to be equally competitive

d: savings and loans to have a competitive disadvantage

e: banks close

Answers

Regulating banks and savings and loans differently causes savings and loans to have a competitive disadvantage

What is the effect of the difference in regulation?

When banks and savings and loans have different regulation, the party with the stricter regulation has a competitive disadvantage while the party with the less strict regulation has a competitive advantage.

Limiting the amount of interest that a savings and loan can offer to potential savers would lead to savers preferring the which can offer higher interests.

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_______ can run and climb stairs when holding someones hand or a rail. Classroom summary. Screening tools. Gross motor. Infants. Preschoolers. Toddlers. I will mark brianlest

Answers

Answer:

preschoolers

Explanation:

At this stage their balance has improved, they are more coordinated, and tend to focus more on where they are going (steps taken)

Which of the following statement is correct Group of answer choices The risk of a portfolio will be a weighted average of the risk of the individual stocks The total risk can then be broken down into market risk and systematic risk The demand for stocks by investors should depend on the stocks' individual level of risk The reduction in risk that is accomplished by combining stocks in a portfolio is called diversification

Answers

The correct statement is: the reduction in risk that is accomplished by combining stocks in a portfolio is called diversification.

What is diversification?

Diversification are strategies devised by organizations by investing or venturing to different business with the aim of reducing or eliminating exposures.

Hence, the correct statement is: the reduction in risk that is accomplished by combining stocks in a portfolio is called diversification.

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Define the 4 types of financial ratios. How will these give a prospective investor a complete picture of a company’s financial strength? [150 minimum word count]

Answers

The main types of financial ratios in accounting includes:

Profitability ratiosLiquidity ratiosSolvency ratiosValuation ratios

What is a financial ratios?

These are ratio that helps in analyzes and comparison of relationships between financial statement accounts for identification of strengths and weaknesses of a firm.

The type of financial ratios:Profitability ratios: This ratio helps to assess the firm ability to generate earnings relative to its revenue.

Liquidity ratios: This ratio help to assess the firm's ability to pay debt obligations and its margin of safety.

Solvency ratios: This ratio help to assess the firm's ability to meet its long-term debt obligation.

Valuation ratios: This ratio help to assess the firm's financial soundness in relation to its market value.

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Suppose you are the owner of a picture frame store and you wish to calculate how many pictures you must sell to cover your fixed and variable costs at a given price. Demand for pictures is strong, so the average price customers are willing to pay for each picture frame is $120. Also, suppose your fixed costs (FC) total $32,000 (real estate taxes, interest on a bank loan, etc.) and unit variable cost (UVC) for a picture frame is $40 (labor, glass, frame, and matting). What is the quantity of picture frames you will need to sell to break even

Answers

Based on the selling price of the picture frames and the unit variable costs, the break-even point is 400 picture frames.

What is the breakeven point?

This can be found by the formula:

= Fixed costs / (Selling price - Variable costs)

Solving gives:

= 32,000 / (120 - 40)

= 32,000 / 80

= 400 picture frames

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Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane. Jerry receives the claims from ABC Insurance, completes the inspections, and settles claims on behalf of ABC Insurance according to his contract. What type of authority has ABC Insurance given Jerry

Answers

The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.

What is express authority?

This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.

Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.

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Kendall is in a convenience store considering which soda to buy. She recalls a commercial for Pepsi she saw on TV last night. Pepsi is running a promotion where you look under the bottle cap, and one in five bottles has a voucher for a free soda. If Kendall decides to purchase a Pepsi based on this promotion, which is framed in terms of _____, she will use a _____ strategy. Group of answer choices gains; risk-taking losses; risk-aversion losses; risk-taking gains; risk-aversion

Answers

The answer should be 3 bottles

Which 3 data points can be imported into the app transactions tab in quickbooks online?.

Answers

Answer: Description, Date, and Amount. 

The main elements of market structure are

Answers

Answer:

the number and size of sellers, entry and exit barriers, nature of product, price, selling costs.

An alcohol server must complete an abc approved rbs training program and pass an abc administered exam within ____ calendar days of employment.

Answers

An alcohol server must complete an ABC-approved rbs training program and pass an ABC-administered exam within 60 calendar days of employment.

Who is an Alcoholic Server?

This refers to the person that pours the alcoholic drink to people that come to bars to buy.

Hence, we can see that based on government regulations, an alcoholic server is mandated to take an ABC-approved exam within the period of 60 days after he has been employed.

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if you are in the 20 percent tax bracket, what is your aftertax yield on a par value municipal bond yielding 5 percent? ignore state and local taxes.

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if you are in the 20 percent tax bracket, Five percent. For this reason, the after-tax yield is the same as the pre-tax yield since interest income from Muni is free from federal income tax. This is further explained below.

What is tax?

Generally, taxation  is simply defined as a kind of mandatory public financing that is assessed on the purchase price of certain products and services as well as on the earnings of individuals and businesses.

In conclusion, there would be a 5% reduction if your tax bracket was 20%. Since interest income from Muni is exempt from federal income tax, the after-tax yield is identical to the pre-tax rate.

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g
Question 4
Sally purchased a Ford Fusion for $25,000 in 2018. Today, Sally sold the car to Darien for
$18,000. How does this affect the CURRENT GDP?

Answers

Answer:

It doesn't affect it because it's a used good

Explanation:

Used goods ARE NOT counted.  Goods are only counted in GDP during the year when they were produced, and/or the first time they are sold.

The selling of the used car by Sally will not have any effect on the GDP because such transaction has already been accounted earlier during the time of production and selling. Hence, no changes in GDP.

Why used goods are not included in GDP?

Expenditure on used goods isn't always a part of GDP due to the fact those items had been a part of GDP withinside the duration wherein they had been produced and all through which time they had been new items.

Counting the sale of used items might be double-counting and might distort the authentic degree of manufacturing for a given duration.

Hence, no changes in GDP as the selling of the used car by Sally has already been accounted earlier.

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If a company initially records the purchase of supplies to the supplies expense account, the mount of the adjusting entry made at the end of an accounting period will be equal to

Answers

The amount of the adjusting entry at the accounting period will be equal to the supplies on hand at the end of the period if the company initially records the purchase of supplies to the supplies expense account.

What is a supplies expense account?

In accounting, the account report the amount of supplies that were used during the time indicated on the heading of the income statement.

Hence, If a company initially records the purchase of supplies to the supplies expense account, the amount of the adjusting entry at the accounting period will be equal to the supplies on hand at the end of the period.

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Identify a true statement about modern managers in Western society They view their task as one of motivating employees to do their best They are of the view that the practice of threatening employees is usually productive They function as enforcers and disciplinarians They believe that trust and respect should be demanded

Answers

A true statement on western modern managers is that They view their task as one of motivating employees to do their best.

How do western managers try to lead employees?

Studies have shown that employees are more productive when they are motivated.

As a result, modern managers in the West try to motivate their employees to give their best so that the company can be more productive.

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Many managers make a decision and then fail to act on it. It is critical that top managers ______ the decision and then assign middle managers the responsibility to make follow-up decisions as appropriate to achieve the goal. This responsibility should be met with rewards and sanctions for success and failure, respectively, in implementing the decision.

Answers

In Business Management, tt is critical that top managers implement the decision and then assign middle managers the responsibility to make follow-up decisions as appropriate to achieve the goal.

What is decision-making in business management?

This refers to the art of recognizing actionable steps that are related to the attainment of business objectives, then identifying and act steps that must be taken to actualize them by making and implementing decisions.

It is thus correct to state that implementation is key to decision-making.

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According to the theory of liquidity preference, holding the supply of real money balances constant, an increase in income will ______ the demand for real money balances and will ______ the interest rate.

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According to the theory of liquidity preference, holding the supply of real money balances constant, an increase in income will increase the demand for real money balances and will decrease the interest rate.

What is theory of liquidity preference?

In line with the liquidity preference theory, it is state that interest rates are determined by the supply and demand of money.

It is to be noted that tightening the money supply will decrease the nominal interest rates.

Hence, according to the theory of liquidity preference, holding the supply of real money balances constant, an increase in income will increase the demand for real money balances and will decrease the interest rate.

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You are in charge of financial oversight for the hospital where you work. While reading the text you learned that one way to coordinate care more effectively is to:

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You are in rate of economic oversight for the health center wherein you work. While analyzing the textual content you found out that one manner to coordinate care extra efficiently is to Implement a device of digital clinical records.

What is EHR implementation?

Activating the EHR includes a multi-disciplinary method to put together the brand new device, make sure privateness and safety compliance, layout exercise workflows, teach the care crew and manipulate the adoption method. A considerate EHR implementation can assist the exercise adapt extra without difficulty to the brand new device, a good way to advantage patients, physicians and personnel.

Implementing an Electronic Health Record (EHR) is a multi-step method with a purpose to effect all personnel members. As with any new method, a mastering curve is involved. Having a stable plan can keep hours of pressure for all and sundry to your crew.

Your question is incomplete, but most probably your full question was:

You are in rate of economic oversight for the health center wherein you work. While analyzing the textual content you found out that one manner to coordinate care extra efficiently is to:

-Raise the federal poverty line.

-Implement a device of digital clinical records.

-Do all the above.

-Limit your affected person load to folks who are protected through Medicare or Medicaid.

Hence , the proper alternative is "Implement a device of digital clinical records"

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Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.

Answers

Based on the amount that Savion would have to spend additionally, he should sell the car now because he would make more profit.

Why should Savion sell the car now?

If Savio makes additional work on the car, the profit would be:

= 5,800 - 2,400

= $3,400

This is as opposed to the $3,800 he could make from selling the car at $3,800 so the best thing to do is to sell the car.

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What is the typical relationship between satisfaction and loyalty?

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The typical relationship between satisfaction and loyalty is Satisfaction determines loyalty.

How are satisfaction and loyalty related?

In the business world, loyalty is dependent on satisfaction because the level of satisfaction that a consumer gets will determine if they will be loyal to a brand.

This is why companies place a huge premium on pleasing their customers to ensure that they are loyal to the brand.

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Lapping is best described as the process of Group of answer choices inflating bank balances by transferring money among different bank accounts. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts. increasing expenses to conceal that an asset was stolen. stealing small amounts of cash, many times over a period of time.

Answers

Lapping is best described as the process of B. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.

What is Lapping?

Lapping is an employee stealing scheme revolving around the application of cash receipts.

Lapping can be traced by tracing the application of cash receipts to customers' accounts.

Routine application of cash receipts to wrong customer accounts proves evidence of a lapping scheme.

Thus, Lapping is best described as the process of B. applying cash receipts to a different customer's account in an attempt to conceal previous thefts of cash receipts.

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Before investigating alternative production plans, demand forecasts should be converted into Multiple choice question. production requirements. inventory requirements. forecast for the next period. only safety stock requirements.

Answers

Demand predictions should be converted to inventory requirements before considering alternate production strategies.

Production planning is the process of creating a roadmap for the design and manufacture of a certain product or service. Production planning assists firms in making their manufacturing processes as efficient as feasible. Production planning was developed to improve the manufacturing process, but its basic logic is now used in many ways to design, manufacture, and distribute software as well.

An alternative production plan is basically a safety plan which is made. In case the main plan does not work, an alternative plan is executed. Inventory Requirements means the minimum inventory level set out of a product; provided, however, that "inventory level" comprises only those  Products on hand in final form as of a specific date.

Therefore, the correct option is the inventory requirement.

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Explain how e business systems naturally have greater security risks than traditional business systems. the answer must be focused on person-based trust

Answers

E-business systems naturally have greater security risks than traditional business systems because they lack a personal touch and are vulnerable to hackers.

Why E-Business is risky?Along with vulnerabilities connected to using third-party platforms, data privacy laws, internet security rules, and customer service concerns, these risks include the unauthorized sharing of data, fraud, malware, and other security lapses. E-commerce is lacking in a personal touch which is better than traditional. The product is not touchable or haptic. Therefore, it is challenging for customers to evaluate a product's quality. Risks associated with conducting business online frequently include suspicious activities and credit card data theft. This is not a problem in traditional ones.Anyone can make an online purchase using a stolen credit card, including hackers. Most often, disputes start when a customer's account has been charged for a product that never shows up.

Hence, E-business is riskier than the traditional business system.

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On september 1, you compare the petty cash book balance of $29.30 with the actual currency in the petty cash box. the box contains the following: 2-$5 bills; 6-$1 bills; 12-half dollars; 8-quarters; 34-dimes; 16-nickels; and 25 pennies. complete the following to find the amount of cash shortage/overage:

Answers

The amount of cash overage in the petty cash book as against the opening balance will be $0.85.

What is petty cash book?

A book, which has the chronological and systematic records of all the small and petty expenses and receipts of an organization, is known as a petty cash book.

The balance in petty cash book can be ascertained by the following method,

[tex]\rm Petty\ Cash\ Balance= Beginning\ Balance - Expenses\ and\ Petty\ Bills\\\\\rm Petty\ Cash\ Balance= 29.30 - (10+6+6+0+3.80+0.80+0.25)\\\\\rm Petty\ Cash\ Balance= $0.85[/tex]

Hence, the petty cash book has an overage of $0.85 for the month of September.

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These tables of values represent continuous functions. For which functionwill the y-values be the greatest for very large values of x?y1 72 213 634 1895 567B. xy172 2073 4074 6075 807C.xy1 3252 4003 4754 5505625Y1 5652 5703 5754 5805585What is the answer?? As part of their extensive kitchen remodel, the Lees told their electrical contractors that they would need plenty of outlets for their many appliances. The contractorsknew that they would need to install small-appliance branch circuits using what kind of wire and circuit breaker? Which are the only two photic zones in the ocean? a. Epipelagic and Abyssopelagic b. Mesopelagic and Epipelagic c. Epipelagic and Bathypelagicd. Abyssopelagic and Bathypelagic Which passage provides the more effective argument, and why?Passage 1 is more effective because passage 2 relies on personal anecdotes as the main evidence.Passage 1 is more effective because it uses overstatement for extra emphasis, and passage 2 does not.Passage 2 is more effective because it contains logical and anecdotal, while passage 1 contains a bandwagon appeal and a false dilemma. Passage 2 is more effective because it presents data as empirical evidence, and passage 1 does not. Which is mostly likely to be the first step in solving a system of nonlinear equations by substitution whitch is the best definition of activation energy Reflect on the texts and the details that you read about the lives of some of the Founders.What observations do you make about their choices?How do you think free or enslaved African Americans may have felt as their humanity was debated?Write three to five sentences summarizing your response to the question, "What conclusions can you draw about the men who wrote the Constitution?" The boys are interested _______ indoors gamesA withB inC overD on Read the sentence. in her essay, lucie will focus on shakespeare's sonnets. which verb tense is underlined? present future past future perfect A developmental psychologist might use ________ to observe how children behave on a playground, at a daycare center, or in the childs own home. When values, attitudes, and ways of doing things result from belonging to a specific ethnic, racial, or other group that one identifies closely with, it is termed a(n): What are two sides of the Golgi body What is one way that Nathaniel Bacon's 1675-76 rebellion contributed to the increasing presence of slavery in the decades that followed? Question 16 of 20Which passage from a narrative most clearly shows a transition in mood?OA. Out of nowhere, she asked, "Do you love me?" I froze. I didn't knowwhat to say.OB. Junpei sorted through the documents one at a time, looking forsome kind of lead.OC. She thought she would never see Nadia again. Three years later,Nadia returned.OD. Calling Gil to ask what happened might be risky. But then, sowould calling May. If 5 hours at a computer terminal costs $25, what is the cost of 6 hours? A. $30 B. $45 C. $150 D. $12 7.What is the ratio of the interior angles of a pentagon and a decagon? Which of the following changes to Earth is NOT caused by living organisms? When marketers adapt their products by offering less expensive products that are tailored to consumers with modest incomes, they are paying close attention to: Why do you think companies, the government, and others have resisted putting agreements and legal information in simple terms? John bought 8 watches for $56 and his friend victor bought 7 watches for $63. whose watch is expensive ?