The topic referred to above is Positive Economics.
Positive economics: It is the study of economics through an objective and analytical perspective. Most economists enumerate their future predictions on their past and present experiences i.e. what has already happened and what is happening in a particular economy. This investigation process is economically very advantageous.
Advantages of Positive Economics:
Policymakers can use positive economic theory to execute normative value judgments.
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Answer:
Answer is option A i.e. hybrid combination.
Explanation:
A hybrid combination organizational structure can be that is basically the combinations of two or more structures. This is due to the reason that the organization might have a dynamic work environment where people from diversified backgrounds come along to work together.
Answer:
The answer would be neutrality of money theory
Explanation:
The neutrality of money theory claims that changes in the money supply affect the prices of goods, services, and wages but not overall economic productivity. Many of today's economists believe the theory is still applicable, at least over the long run.
Answer:
Explanation:
Julie is 25 years old and living in an apartment. She is thinking about quitting her job and returning
to college. Consider the following costs: tuition, the cost of books and supplies and rent.
Rent is
A. not a cost associated with college
B. an explicit cost of attending college
C. an implicit cost of attending college
Answer:
Explanation:
department 1 transferred cost to department 2:
=$75000+$100000+$125000+$150000-$60000
=$390000
department 2 transferred cost to department 3 is:
=$75000+$50000+$60000+$70000+$390000-$60000
=$585000
journal entry to record the flow of costs into department 3 :
Dr work in process depatment 3 $585,000
Cr work in process department 2 $585,000
