Question

According to the textbook, economics is a: (Points: 2) social science study of business decisions, not...

According to the textbook, economics is a: (Points: 2) social science study of business decisions, not social decisions part of operations and management science. part of humanities

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

I think economics is both; social science study of business decisions and social decisions parts of operations and management science because economics is also based on facts and experiments as without testing a policy or decision we don’t apply it to whole economy, before implementing any decision on our economy we experiment the policy at small level to see the results. Economics manages and helps in the operation on the country at every level and also economics make decisions for business by analyzing the market situations, people’s demands etc.

Add a comment
Know the answer?
Add Answer to:
According to the textbook, economics is a: (Points: 2) social science study of business decisions, not...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • In the study of Economics, British Economist Alfred Marshall stated, that this Social Science or discipline...

    In the study of Economics, British Economist Alfred Marshall stated, that this Social Science or discipline deals with the study of mankind in the ordinary business of life. How is the concept of Phenomenology by Edmund Husserl interplayed or integrated in the understanding of Alfred Marshall’s definition? in the study* *how is the concept

  • Consider the statement that follows: "... Economics is the study of how humans make decisions in...

    Consider the statement that follows: "... Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. If you look around carefully, you will see that scarcity is a fact of life. Scarcity means that human wants for goods, services and resources exceed what is available..." How could you use this statement to explain why two people who make the same amount of money, but...

  • HW 11.2 Due in 7 hours. 32 minutes. Due Thu 07/30/2020 11:59 pm Total Points Possible:...

    HW 11.2 Due in 7 hours. 32 minutes. Due Thu 07/30/2020 11:59 pm Total Points Possible: 2 Questions Suppose a random sample of 948 athletes from the college are asked what their major is. The table below shows the results of the survey. Question 1 (0/1) Question 2 [0.4/1) Grade: 0.412 Observed Frequencies of Majors from the Sample Outcome Observed Frequency Math/Science 185 Arts & Humanities Business & Economics 241 Other 290 Print Version 232 The distribution of majors at...

  • . A U.S. textbook publisher is introducing a new economics textbook, Managerial Economics -It is no...

    . A U.S. textbook publisher is introducing a new economics textbook, Managerial Economics -It is no Graphing matter, to the domestic market. Each book is produced at a constant marginal cost of $98 per book. Management predicts that annual domestic demand for the book is Po 278 0.3Qo, where Po-price of a book in dollars, and Qp denotes the number of books (as measured in thousands). a. Assuming no costs beyond the MC of $98 per book, state the profit...

  • 3. A US. textbook publisher is introducing a new economics textbook, Managerial Economics-It is no Graphing...

    3. A US. textbook publisher is introducing a new economics textbook, Managerial Economics-It is no Graphing matter, to the domestic market. Each book is produced at a constant marginal cost of S98 per book. Management predicts that annual domestic demand for the book is Po- 278-03QD, where Po-price of a book in dollars, and Qp denotes the number of books (as measured in thousands). a. Assuming no costs beyond the MC of $98 per book, state the profit equation for...

  • 1.Your textbook talks about how social psychology differs from other social sciences. According to the information...

    1.Your textbook talks about how social psychology differs from other social sciences. According to the information provided in the text, which of the following questions is a social psychologist most likely to study? Is it true that people who live in Canada place a lower value on obedience to authority than do people in other countries? Is it true that people with low levels of self-esteem and high levels of anxiety are more likely to obey authorities than are people...

  • According to your textbook, which social media marketing metrics are most effective? List the 7 given...

    According to your textbook, which social media marketing metrics are most effective? List the 7 given in the textbook and give examples of at least 2 of them.

  • The economics study can assist one in order for better decisions to be made. As with...

    The economics study can assist one in order for better decisions to be made. As with majority of the things, the prospect of wise decisions being taken will be greater with the person being informed. It can be learned through economics that things like goods availability, wage, and price affect demand and supply (Lessard, Contandriopoulos & Beaulieu, 2009). If it is known that certain products needed and used in price will be reduced at a specific time in the future,...

  • San Jose City College Division of Social Science Dr. Ilder Andres Betancourt Lopez, Dean Name: Econ...

    San Jose City College Division of Social Science Dr. Ilder Andres Betancourt Lopez, Dean Name: Econ 0102 Dr. Hung Problem Set #1 (Chapters 1, 2, 1. 1. A country's standard of living is closely correlated with its A. physical size. B. population density C. mineral resources D. cultural diversity. (E. labor force productivity. 2. Economic analysis is C. A. widely understood by all in our society. B. important for solving problems in developing and socialist societie capitalist systems. a set...

  • 1. Accounting is a branch of applied economics and provides information about business and financial transactions...

    1. Accounting is a branch of applied economics and provides information about business and financial transactions to users to facilitate resources allocation decisions. What distinguishes international accounting? 2. The importance of international accounting is growing. Within financial innovations, risk management is a key area. List three concerns that are critical for effective risk management.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT