Question

Which of the following is a decision that economists study? how much people work what people...

Which of the following is a decision that economists study?

how much people work

what people buy

how much money people save

All of the above are correct.

Homework Answers

Answer #1

Answer- Correct option is 'D'

All of the above are correct. These are the decision that economists study:

1) How much people work

2) What people buy

3) How much money people save

Economist study the decisions that we all take every day. Economics studies the way people deal with a fact of life, resorces are limited but our demand for them certainly is not. Our everyday of lives full of decisions. Every decision we make is a tradeoff, suppose if we spend more time working, we make more money. However, we will have less time to relax. Economist study the trade-offs peoples make. They study the reason of their decisions. They look at the effect those decisions have on our lives and our society.

Know the answer?
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
Similar Questions
When people decide to spend money, how do economists say they decide upon which of the...
When people decide to spend money, how do economists say they decide upon which of the thousands of choices they may have, to spend it?
Economists tell us that the true cost of a decision is opportunity cost. What is opportunity...
Economists tell us that the true cost of a decision is opportunity cost. What is opportunity cost? What is the difference between opportunity cost and money cost? How are the two related? Why is opportunity cost considered as the true cost of a decision?
A majority of economists would agree with which of the following statements? A. “Fiscal Policy has...
A majority of economists would agree with which of the following statements? A. “Fiscal Policy has a significant stimulative impact on a less than fully employed economy.” B. “Inflation is never caused by changes in the money supply.” C. “Management of the business cycle should be left to Congress; activist monetary policy should be avoided.” D. None of the above answers are correct (since a majority of economists would not agree with any of these statements).
Suppose that society wants a tax system that is more progressive. For economists, which of the...
Suppose that society wants a tax system that is more progressive. For economists, which of the following items can be viewed as a potential cost (or trade off) of making the tax code more progressive? (Check all that apply) A. simplicity in the tax code B. amount people save C. incentives to work D. economic growth E. vertical equity F. horizontal equity G. less tax avoidance and tax evasion
How have recent changes in the financial community affected the economists’ definition of money? Is there...
How have recent changes in the financial community affected the economists’ definition of money? Is there a readily identifiable group of assets which all economists would agree are money?
Which of the following decisions would not qualify as a study of consumer behavior? MULTIPLE CORRECT...
Which of the following decisions would not qualify as a study of consumer behavior? MULTIPLE CORRECT OPTIONS POSSIBLE. YOU HAVE TO MARK ALL CORRECT. Check All That Apply When should I start moving around freely in my city? When should I start moving around freely in my city? How do I get rid of my old record collection? How do I get rid of my old record collection? How long will I exercise each week? How long will I exercise...
Suppose that you and 100 other people ask 25 randomly selected workers how much money they...
Suppose that you and 100 other people ask 25 randomly selected workers how much money they spent on lunch. Which of the following statements would be true? a) All samples would result in the same sample     mean. b) All samples would results in slightly different     sample means.
1) Fill in the blank: Economics is the study of ________ and its ________. A) greed;...
1) Fill in the blank: Economics is the study of ________ and its ________. A) greed; desirable consequences B) choice; unintended consequences C) money; financial consequences D) competition; legal consequences 2) Economics is the study of A) Why people are greedy. B) Why the government is ruining our lives. C) Why the Dow Jones Industrial Average moves around. D) The choices people make when confronted with scarcity. 3) Economic theory assumes people want A) material goods primarily. B) money in...
Factors that drive the vertical integration decision include which of the following: Select one: a. Scale...
Factors that drive the vertical integration decision include which of the following: Select one: a. Scale and scope economies. b. Product market scale and growth. c. Asset specificity. d. All of the above are driving factors. e. None of the above are correct.
A study is conducted to estimate blood pressure in people with glaucoma. In the study, 61...
A study is conducted to estimate blood pressure in people with glaucoma. In the study, 61 people with glaucoma are recruited. Mean systolic blood pressure is measured to be 140mmHg with a known standard deviation of 25mmHg. The researchers reported that the confidence interval for the true mean SBP among people with glaucoma is [134.651, 145.349].    (a) What level of confidence did they use? (b) Provide a practical interpretation of the confidence interval. (c) Suppose that they wanted to...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT