An economist plays two roles: scientist and policy advisor. As scientists, economists explain the world, and as policy advisors they help improve the world. Because these two roles have different goals, they require different types of language. Economists as scientists make positive claims, whereas economists as policy advisors make normative claims.
In your initial post, begin by briefly introducing yourself, including your program of study and career interests. Then address the following:
Explain the difference between positive and normative analysis.
Provide an example of a normative statement or an example of a positive statement from a recent news story.
For your response posts, select two or more initial posts that contain different current news examples (normative versus positive), and contrast your example with those of your peers. What makes the examples different? How do those differences relate to the different roles that an economist plays as a scientist and policy advisor?

It is appropriate to recognise revenue from a credit sale on the day of the sale when using the accrual method of accounting. The business will acknowledge that the income is earned once they have finished the service or sent the product, even though they may not pay the amount due right away.

How do you use appropriate?

I didn't think it was right to introduce myself to you.

The music he picked couldn't have been more appropriate.

I ought to get appropriate clothing if I wish to sunbathe.

I wasn't sure what sort of clothing would be appropriate for the restaurant.

Finding the proper luggage took a long time.

I've distributed a list of the relevant states.

Without knowing how to respond, he found himself staring down at her glass.

After taking the necessary notes, Fred enquired as to who was present when the knife vanished.

I'll get in touch with him/her when it's right.

The topic of clothing came up, including Jennifer's dress shop on the west coast and Cynthia's search for the perfect wedding dress for the mother of the groom.

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The par value of each share would be $5.00. Par value, also known as "face value" or "nominal value," is the value assigned to a stock or bond by the issuing company.

It is usually a very small fraction of the market value of the stock or bond, and it is used as a reference point to determine the minimum price at which the stock or bond can be sold.

For common stock, the par value is often set at a very low dollar amount, such as $0.01 or $0.001 per share. It is important to note that the par value has no relationship to the market value of the stock, which is determined by supply and demand forces in the market.

This is calculated by dividing the total value of the issued shares ($20,000,000) by the number of shares issued (4,000).

$20,000,000 / 4,000 = $5.00 per share.

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One of the biggest challenges organic farmers face is lack of access to resources and markets. Many organic farmers are small, family businesses and lack the capital to invest in the necessary resources and infrastructure to be successful.

In addition, organic farmers often face high costs associated with obtaining organic certification, which can be a barrier to entering the organic market. Organic farmers also face an uphill battle competing with large industrial farms that have access to economies of scale and access to larger, more lucrative markets. These challenges can make it difficult for organic farmers to remain competitive and successful, and can limit their ability to access the resources necessary to grow their operations.

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4) Since the government's receipts ($3.5 billion) exceed its spending, the budget will be in surplus (3.1 bn). If your spending are more than your income, you have a budget deficit.

5) To begin with, you have a budget surplus. As a result, in order to balance the budget, the government must pursue an expansionary fiscal policy (EFP). Fiscal policy's two main instruments are taxes and spending. By implementing EFP, the government can raise spending and cut taxes to balance the budget surplus and boost the economy.

6) Benefits include the creation of more jobs and a significant boost to economic growth as a result of government spending increases that increase aggregate demand. Inflation is one of the opportunity costs since higher expenditure levels tend to be more inflationary.

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The philosophy of laissez-faire ruled the job relationship in the United States prior to the Industrial Revolution. Hence, the correct answer is laissez-faire.

The Industrial Revolution was the transition to new industrial processes that occurred in the United Kingdom, continental Europe, and the United States between around 1760 and 1820-1840. The transition from hand to machine production methods, new chemical manufacturing, and iron production processes, increasing use of steam and water power, machine tool development, and the formation of the mechanized industrial system was all part of this change. Output increased substantially, leading to record increases in population and population growth rate. In terms of employment, output value, and capital invested, textiles dominated the Industrial Revolution. The textile industry was also the first to use modern production processes.

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The concept in question is the Face value of a stock, which is the dollar value provided by the issuer of a security at the time of issuance. The answer is $4,000.

Face value is the value printed on the face of a stock, bond, or other financial instrument or document. The face value may differ from the amount paid for the debt instrument as the amount paid may include a discount or premium to the face value.

When the debenture matures, its issuer repurchases it for a principal amount of $.

Given:

common stock = 2500

issued value = 10000000

Par value = total value/number of shares

Par value = 10000000 / 2500

Par value= $ 4,000.

So, we can conclude by saying that the share will have a par value of $4,000.

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The number one characteristic shared by successful entrepreneurs is a passion for the business. Thus, option (e) can be considered as corrrect.

A person who starts and/or invests in one or more businesses, assuming the most of the risks and earning the majority of the rewards, is referred to as an entrepreneur. Starting a firm is referred to as "entrepreneurship." The entrepreneur is generally seen as an inventor who develops new ideas for goods, services, business methods, and so forth. The process of creating or removing economic value is referred to as entrepreneurship. In accordance to this definition, entrepreneurship is change that frequently involves greater risk than is common when starting a business and may also involve values other than just financial ones.

In the study of economics, an individual or organisation with the capacity to transform discoveries or technological advancements into goods and services is referred to as an entrepreneur. In this sense, entrepreneurship refers to business-related actions undertaken by both existing companies and start-ups.

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As you move from left to right, the aggregate demand curve slopes downward.

The aggregate demand curve shows the relationship between the overall level of economic activity and the overall price level in an economy.

When the economy is operating at a high level of economic activity, firms are producing and selling more goods and services, and consumers are buying more goods and services. As a result, the overall price level tends to be higher.

As the economy moves to the right along the aggregate demand curve, the overall level of economic activity decreases, and the overall price level tends to decrease as well.

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Deborah can buy 5 movie tickets with the interest she earns each year. The concept used here is simple interest.

Simple interest is a way of calculating the interest earned on a deposit or loan where the interest is calculated only on the original principal amount. It is called simple interest because it does not take into account the interest that has been accumulated over time (compound interest).

To calculate the interest earned by Deborah, we use the formula for simple interest:

Interest = Principal x Interest Rate x Time

In this case, the principal is $1,000, the interest rate is 5% (expressed as 0.05), and the time is 1 year.

So, Interest = $1,000 x 0.05 x 1 = $50

This means that Deborah earns $50 in interest each year.

To calculate the number of movie tickets she can buy with the interest earned, we divide the interest earned ($50) by the cost of a movie ticket ($10):

Number of movie tickets = $50 / $10 = 5

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The demand for money as an asset is almost directly correlated with its use as: medium of exchange

Any physical object or verifiable document that is commonly accepted as payment for goods and services as well as the settlement of debts, including tax liabilities, in a specific nation or socioeconomic context is referred to be money. Money serves as a method of commerce, a unit of account, a store of value, and, on occasion, a standard for postponed payment. These are its four primary objectives. Since almost all modern monetary systems are based on unbacked fiat money that has no inherent value as a commodity, money historically has been an emergent market phenomena. Being accepted as a means of payment for "all" uses inside the nation's boundaries is a need for being recognized as legal currency by a governing body or regulatory body.

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The owner of an investment property has $85,000 in equity and a return on equity ratio of 15%. The property's cash flow will therefore be $12,750.

The net balance of money coming into and going out of a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.

Return on equity is provided as 15%, or 0.15.

Equities total $85,000.

We must ascertain the cash flow.

The equity formula that will be applied is:

Equity = Cash Flow / Return on Equity

Accordingly, 85000 = Cash Flow / 0.15

Consequently, the cash flow will be $12,750.

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Flour would not be considered as conversion cost by a baking company.

The conversion cost is the expense made by any industrial company to turn its raw materials into finished products that can be sold on the market. It frequently includes actual costs like administrative and manufacturing overheads in addition to the total cost of labor. Manufacturing Costs known as "overheads" may be directly related to each unit of a product or step in a process. These cover costs for items like electricity, rent, depreciation, insurance for the plants, upkeep for the plants, etc. The price of direct labor, which includes salaries, wages, pensions, insurance for those working in production, supervision, etc., is directly connected to how much the product is produced.

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Throughout the course of the loan, it's possible for the amount of your monthly mortgage payment to change numerous times.

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Paige made $900 in net income in December.

Operating income is the entire amount of money that a person or company made over a specific time period after deducting taxes, costs, and interest. A company's net income, which can also be called to as operating revenue, net earnings, or just profit, calculates its profitability.

Minus expenses, such as interests and taxes payments from the gross revenue which is the amount of money produced. Net income for individual is the amount that really receive from their paycheck each month as opposed to gross amount they are paid including payroll deductions.

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Risk factors are those elements that are understood to carry a high risk of both illnesses and infections.

Risk factor is an element that raises a person's likelihood of contracting a disease. For instance, both obesity and cigarette smoking are risk factors for heart disease and lung cancer, respectively.

Any quality, trait, or circumstance about a person raises their risk of contracting an illness or suffering a harm. Underweight, unsafe sex, high blood pressure, cigarette and alcohol use, unclean water, sanitation, and hygiene are a few examples of the more significant risk factors.

Age, a family history of specific malignancies, cigarette use, radiation exposure, chemical exposure, infection with specific viruses or bacteria, and genetic alterations are a few examples of risk factors for cancer.

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A shift in the process mean for a measured characteristic would most likely be detected by a X-bar chart.

What is X-bar chart?

The X-bar chart is a type of control chart used to monitor process performance over time. It is typically used by quality control professionals to ensure that production processes remain consistent and that products meet set quality standards. The X-bar chart plots the average of a series of measurements, or a sample of products, over time. It can be used to detect problems within the system, such as shifts in the mean value of the sample, or out of control points, which show a sudden deviation from the normal trend of the process. The X-bar chart can be used to identify the source of variation and help determine the necessary corrective action to bring process performance back within specified limits.

So, The correct answer is X-bar chart.

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This legislation, which was passed on March 11, 1941, established a mechanism that would permit the United States to lend or lease war supplies to any country that was judged "essential to the defense of the United States."

Any nation whose defense was essential to the security of the United States was eligible for military assistance under the lend-lease program. As a result, Roosevelt was given the authority to lend Britain munitions with the understanding that America would get payment in kind after the war.

The United States was given the authority to lend or lease war supplies to any country that was deemed "essential to the defense of the United States" under the terms of this legislation, which was passed on March 11, 1941.

The Lend-Lease Act, passed by Congress in March 1941, gave President Roosevelt essentially unrestricted power to provide material support, such as ammunition, tanks, airplanes, trucks, and food, to the war effort in Europe without compromising the country's official neutrality.

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She does not view choosing between bike and swimming as a binary choice. She marginally modifies the amount of time she devotes to practising each activity.

Numerous decisions are made on the fly. A little bit of bike training might be more valuable than the final hour of pool training if she reduces her time spent exercising there to zero. She does not view choosing between bike and swimming as a binary choice. She marginally modifies the amount of time she devotes to practising each activity.

In order to do that, we'll examine four fundamental principles of individual decision-making that are significant in an economic context: People have to make trade-offs; these trade-offs result in opportunity cost; people think at the margin; and people react to incentives. Decisions are frequently made in the margins. explanation: A how-much decision was made by Neha when deciding between pool time and bike time.

Therefore the correct answer is Many decisions are taken using marginal thinking.

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Being able to manage interactions efficiently through the use of the knowledge of your feelings and the emotions of others is referred to as relationship management. It's one out the four domains of Emotional intelligence.

Emotional intelligence (EI) refers to the ability to recognize, understand, and manage one's own emotions, as well as the emotions of others. It is a key aspect of interpersonal skills and is linked to successful relationships, effective communication, and leadership. It involves being aware of emotions, understanding their impact on behavior, and managing emotions in oneself and in others.

The four domains of Emotional Intelligence — mindfulness, self administration, social mindfulness, and relationship management — each can assist a pioneer with confronting any emergency with lower levels of pressure, less close to home reactivity and less potentially negative results.

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Answer:

increasing opportunity costs is the answer.

Explanation:

We need more information to determine whether GDP has changed.

A measurement called the gross domestic product aims to represent the economic output of a nation. A higher level of living can be expected in nations with larger GDPs because more commodities and services are produced there.

Due to this, a lot of people, including political figures, view GDP growth as a crucial indicator of a country's success and frequently use the terms "GDP growth" and "economic growth". However, many economists contend that GDP shouldn't be used as a stand-in for overall economic performance.

For instance, if Country B produced 5 bananas valued at $1 each and 5 backrubs of $6 each in a year, the GDP would've been $35. The GDP for Country B would've been $40 if the cost of bananas increased to $2 the next year and the amount produced remained the same.

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The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.

Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.

Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.

Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.

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Answer:

"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."

Explanation:

I got it right on plato

The equation of the perpendicular bisector of the line segment will be equal to y =2/5x.

In order to find the equation of perpendicular bisector of the line segment between the two points we first find the mid point of the two points as the bisector will pass through the mid points of the two end points of the line segment.

The formula for mid point is expressed as

P(x, y) = [(x₁ + x₂)/2, (y₁ + y₂)/2] where x₁ = 3, y₁ = 7 and x₂ = 7, y₂ = -3

P(x, y) = [(3 + 7/2), (7 - 3)/2]

P(x, y) = (5, 2)

Now, the slope of the given line segment is expressed as

Slope = (-3 - 7)/(7 - 3)

Slope = -10/4

Slope = -5/2

Now, the slope of the perpendicular bisector = 2/5

Now, the equation of the perpendicular bisector passing through point (5, 2) is expressed as

y - 2 = 2/5(x - 5)

5y - 10 = 2x - 10

5y = 2x

y = 2/5x which is the required equation.

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Complete Question:

If (3, 7) and (7, −3) are the endpoint of the segment, find the equation of the perpendicular bisector of the line segment.

It is inversely related to consumption spending, which is more erratic than investment spending over the course of the business cycle.

What do you precisely mean when you say "invest"?

Investments are things one buys or puts money into with the goal of increasing wealth and distributing income from salaries or capital gains. The main goal of an investment is to boost earnings or produce a profit over a defined time frame. An asset formed with the goal of allowing money to grow is essentially what makes up an investment. The wealth produced can be used for a variety of things, such making up for income gaps, investing for retirement, or taking care of particular commitments like debt repayment and educational expenses.

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The number of residents in the area is one of the criteria that determines how much an overdraft fee will cost in relation to the neighborhood demographics.

Neighborhood demographics are details on the people who live in a certain state, city, or town.

The service fees that banks charge clients who use their overdraft service are referred to as "overdraft fees" in this context.

The overdraft fees levied by various banks in a given area may vary depending on the number of bank customers present.

Due to the number advantage, the overdraft fee may be set at a low price if there are numerous bank customers in the area.

Therefore, the relationship between neighborhood demographics and the cost of an overdraft fee depends on the local population.

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The quality of the newspaper being highly time-sensitive is depicted here. As each day passes, that day's newspaper becomes old and redundant, and therefore new stories need to be added to keep the newspaper current and relevant.

This highlights the need for the newspaper to be up-to-date and timely in order to provide readers with the most recent information.

The quality of the newspaper being highly time-sensitive is depicted in the given information. It's emphasized that Henry works at a newspaper agency where he works with the editor to put fresh stories in the newspaper every day, it's mentioned that this is necessary because as each day passes, that day’s newspaper becomes old and redundant.

This highlights the importance of the newspaper being up-to-date and timely in order to provide readers with the most recent information. The newspaper industry is highly dependent on timeliness as news and events are constantly changing and people look to the newspaper as a source of current information.

Therefore, the newspaper agency is under pressure to provide the readers with the latest and most accurate information as soon as possible. This is why the daily newspaper is highly time-sensitive and the newspaper agency has to work hard to make sure that the newspaper is up-to-date and relevant every day.

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Advantages and Disadvantages of MRP · Materials and components are available when needed.

By defining inventory needs for parts and raw materials, MRP aids in the creation of a production plan for finished goods. MRP lowers inventory levels, shortens customer lead times, ensures materials and components will be available when needed, and boosts customer satisfaction.

Cost-efficient inventory management

The likelihood of items sitting around the warehouse unused will be reduced or eliminated by a good MRP system, and it will ensure that production-related inputs do not run out. Before stock runs out, inventory levels can easily be checked and reordered.

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Money spent to reduce the impact that threats and unfavorable circumstances have on a business is best described by the term "risk management."

Economic activity goes through periods of boom and then fall during business cycles. Both the general welfare of society and the welfare of private enterprises are impacted by these developments. Changes in a broad economic measure, such as Real Gross Domestic Product, are generally examined to determine how business cycles have changed through time. Many macroeconomic indicators have widespread upswings and downswings, which are classic examples of business cycle fluctuations. Each expansion/recession episode's duration and intensity change over time. Usually, their periodicity lasts for two to ten years. As in, their mathematical methodology, which employs a Bayesian statistical paradigm, may really include such flexible knowledge about the frequency of business cycles.

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The layout for the flexible budget follows a Contribution margin format. An income statement with a contribution margin is one in which all variable costs are subtracted from sales.

Contribution margin income statements are those that reflect the contribution amount that remains after all variable expenditures have been subtracted from the overall revenue amount. To determine the business entity's net profit or loss, additional fixed expenditures are subtracted from the contribution.

Instead of production costs, fixed expenses are included in overhead costs in the Contribution Margin Income Statement style. To put it more simply, fixed expenditures continue to be incurred whether sales volumes are up or down. As a result, they are unaffected by sales figures. However, the variable expenses tend to shoot as the production increases.

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Option b, The line that represents the current household demand for a specific product is denoted as "De". If income taxes are reduced, this line would continue to represent the demand for that specific product, as the change in taxes would likely affect the quantity demanded rather than the line representing the demand itself.

The line representing the current household demand for a specific product is referred to as "De" in economics. This line represents the relationship between the price of the product and the quantity of the product that households are willing and able to purchase.

When income taxes are reduced, the disposable income of households increases, which can lead to an increase in the quantity demanded of most products. However, the line representing the demand for the product, "De", will remain the same, it will just shift to the right due to the increase in quantity demanded at each price level.

This is known as the law of demand.

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