between positive economics and normative economics? between microeconomics and macroeconomics? Positive economics makes observations about facts. Normative economics applies judgments to those facts. Microeconomics is a branch of economics that studies the behavior of how the individual modern household and firms make decisions to allocate limited resources. Macroeconomics is a branch of economics dealing with the performance‚ structure‚ behavior‚ and decision-making of the whole economy.
Premium Supply and demand
all the other amusement parks in China. The park was undifferentiated. People did not know the traditional Disney characters‚ and did not appeal to them. 2. Many factors could have been foreseen and controlled by the mere study of history and culture of Europe. This study would have found that Europe has their own famous cartoon characters‚ and how long they usually tend to vacation. The research would have shown that wine and breakfast are important to the Europeans. With the World Fair and
Premium Walt Disney Parks and Resorts Magic Kingdom Amusement park
QUESTIONS RELATED TO MONOPOLY: 1- What is the characteristic of the monopoly? 1 - The existence of a single product of the commodity 2 - characterized by prices‚ rising prices prevailing 3 - the relative stability of prices 4 - There are barriers to enter the industry monopolist 5 - not necessary to advertise Another Monopoly properties. Price control. In a monopoly‚ and at the expense of supply in the market one entity to control and demand‚ and the degree of the price offered
Premium Economics Monopoly
Management Accounting PART-A Q. 1. State three points of similarities between financial accounting and cost accounting. Ans. Both financial and cost accounting are interdependent and their co-existence enables businesses to compute costs and sales realistically‚ properly and most importantly helps them to avoid loss some of similarities are mentioned below 1 Reports Financial accounting is used to produce reports that include financial statements‚ including the balance sheet‚ income
Premium Costs Variable cost Management accounting
inputs for many sectors in the world’s economy. Therefore‚ when a war breaks out in Country A. which is the main producer for fuel in the world it causes fuel supply disruptions in the world. Question 1 What will happen to the price and quantity equilibrium for fuel following this event? Explain. Answer: Since County A is the main producer of oil in the worlds market; due to the war in country A it will face difficulties in the production of oil. This will result a decrease of oil supply in the
Premium Supply and demand
culture quiz Question 1 2 out of 2 points | | | Why did the arts develop in Mesopotamia?Answer | | | | | Selected Answer: | As celebrations of the priest-kings’ power | Correct Answer: | As celebrations of the priest-kings’ power | | | | | Question 2 2 out of 2 points | | | What did lost-wax casting enable the Mesopotamian sculptors to create?Answer | | | | | Selected Answer: | Larger and more lightweight bronze pieces | Correct Answer: | Larger and
Premium House of Medici Question Florence
Extra Credit Movie 1st 9 Weeks What prophecy did the Huns have? unite the tribes and challenge Rome for the right to rule the world What happens to Attila’s father? How does Attila survive? Attila’s father dies / Attila picks up an arrow and stabs it into a horseman’s knee and the horseman then falls off his horse and Attila steals the horse and rides away Who is the red-headed woman and why does Attila spare her? Nacara / she impressed Attila with her bravery Why is Flavius Aetius released
Premium Byzantine Empire
profitable or unprofitable in its operations. A) True B) False This is the correct answer. Feedback: The primary purpose of accounting is to provide information that is useful for decision-making purposes. Accounting is ’not an end’‚ but rather it is a ’means to an end.’ LO 1 2 Costs‚ prices‚ sales volume‚ profits‚ and return on investment are all accounting measurements. A) True This is the correct answer. B) False Feedback: A clear understanding of accounting terms and concepts is required
Premium Management accounting Accountancy Certified Public Accountant
GENERAL GEOLOGY - GEOL 1113 EXAM I WITH ANSWERS - Spring 2002 Below you will find the questions and answers for Exam I in my General Geology class. The correct answer for each question is highlighted in bold face green type. While you are reviewing the exam‚ pause at the questions you find you missed and try to understand why you missed them. Really understanding this will require not only that you understand why your answer is incorrect‚ but also why you chose it in the first place. Were you confused
Premium Plate tectonics
more detail in the answer to the next question. 1.6 Now let’s analyze the Goods Rcvd/ Invoice Rcvd account closer. This account is necessary because of timing differences in the real world. This is what is termed a suspense account. Briefly explain how entries would be made to this account (i.e. What transactions happen and how are they recorded?) and why all transactions in the account should eventually be zeroed out. (If you don’t grasp this concept yet‚ you may wait to answer this part until
Premium Accounts receivable Generally Accepted Accounting Principles Balance sheet