Question
1. What is the inflation rate increase for the pizza only? 2.5 3.Economists assume that humans on average act rationally.Which is an example of an
1. What is the inflation rate increase for the pizza only? 2.5
3.Economists assume that humans on average act rationally.Which is an example of an irrational thought?
- _____ "Iworked hard this year.I deserveat leasta10%pay increase."
- ___"It's important to me to give 10% of my salary each year to my church."
- _C____"I know that smartphone has fewer features for the same price, but I bought it anyway."
True (T) or false (F)?
4._____F__ Economic theories can be confidently applied to individual behavior.
5. ___F______ Economic activities nearly always has many different drivers.
8.Which is an example of NOT acting in one's self-interest?
- __A___"I know I work harder than Jill.But I don't mind if she gets the promotion instead of me."
- _____ "Since seeing all of the sad stories of the pandemic, I feel better giving more to my church and spending less on myself."
- _____ "All of this schoolwork better pay off with a good job."
9. How do the social sciences differ from the physical sciences?_
Physical sciences are how the world works such as physics, chemistry, and astronomy. However, social sciences are the study of how humans work- human societies and social relationships. They include: history, political science, psychology, sociology, women's studies andeconomics.
10. What is an example of an opportunity cost?
A business owns its building. If the company moves, the building could be rented to someone else. The opportunity cost of staying there is the amount of rent the company would get.
19. What otherfactorsmight influence the price of ground beef?
Several economic factors were hypothesized to influence beef price increases, including: (1) domestic retail beef demand; (2) domestic cattle slaughter and average slaughter weights; (3) live cattle imports from Canada, net beef imports from Canada (imports less exports excluding live cattle), and net beef imports from other countries (excluding Canada); and (4) beef by-product values and corn prices. The focus was on changes in fed cattle prices for a one-year period of October 2002 to October 2003 (prior the BSE outbreak in the U.S.). Prices in the feeder cattle market normally follow those in the fed cattle market; therefore, the effects of these economic factors extend to the feeder market.
20.This is the link to theSt. Louis Federal Reserveeconomic database( onceon the page, then click "Research & Data" tab on upper left, then clickthef"FRED economic data" tab on upper left).Type inone or more factors that might influence the price of ground beef, and paste the picturebelow.
Could you explain me that is it answer or not? if it is not answer, could you tell me why?
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