Answer:
The correct answer is option b.
Explanation:
Positive economics is a branch of economics that is concerned with explanation of economic phenomena. It is based on facts and data. It answers to what is, what was.
Normative economics, on the other hand, is concerned with judgment. It answers to what should be or what ought to be.
Structural unemployment is caused because of a mismatch between the skills that the workers possess and the skills that the employers want.
Innovation and technological changes will always cause structural unemployment and create winners and losers. So the government should focus on helping the displaced workers in finding new jobs, instead of limiting innovation.
As this involves what should be done, it is a normative issue.
Answer:
Answer) 1)The lower supply of lawyers will lead to high salaries, and current law school admits will be more likely to decide to attend
Explanation:
Simple demand and supply logic can be used to reflect that as the supply of lawyers is lower, price (salaries of lawyers) will be higher and it will force the students to join law classes for higher salaries after completion of the programme.
Answer:
5000 millions
Explanation:
Debt is an important source to finance business operations. The Chevron has issued 5000 million of debt in 2013. The reason for issuing such huge amount of debt is to finance the acquisition of machinery or purchase inventory. This helps the company to grow its business and expand its operations. Debt is an easy and cheap source of finance and mostly organizations prefer issuing debt instead of equity. On the other hand issuing high debt increases the company gearing and risk level.
Answer:
Safety stock inventory
Explanation:
There are three process to make the product ready to sale which are shown below:
1. Raw material inventory
2. Work in progress inventory
3. Finished goods inventory
By these processes, the product is ready for sale. It passes by these three process cycles which is also a type of inventory. It also involves maintenance/repair/operating supply inventory
Answer: D) sampling bias.
Explanation:
Sampling bias refers to a scenario where conditions in the research give more subjects in the population of interest the chance to appear either more or less times than others instead of all the subjects having an equal chance of representation.
The students were to come in at different times yet Graham gave them all the same treatment conditions. This could lead to sampling bias because those who volunteered earlier are likely different from those who volunteered later.
