Which type of models are built with assumptions? Economic models are built with assumptions. Economic models are often composed of equations and diagrams. What are the assumptions of economics? Economic Assumptions People have rational preferences among outcomes that can be identified and associated with a value. Individuals maximize utility (as consumers) and firms maximize profit […]
Who were the three main kings of Israel?
Who were the three main kings of Israel? Israel’s greatest kings were Saul, David, and Solomon. Who were the kings of Israel? House of David (restored) Jehoash (r. 836–796 BCE) Amaziah (r. 796–767 BCE) Uzziah (r. 767–750 BCE) Jotham (r. 750–735 BCE) Ahaz (r. 735–716 BCE) Hezekiah (r. 729/716 – 697/687 BCE) Manasseh (r. 697/687–643 […]
Which situation is more likely to occur in a market economy than a command economy?
Which situation is more likely to occur in a market economy than a command economy? Command economies, due to being planned, are less likely to lead to innovation, as profits are often not an incentive. Therefore, a new type of car created by an inventor is more likely to arise on a market economy. What […]
Which statement about accrual accounting is true?
Which statement about accrual accounting is true? Which statement about accrual accounting is true? None, all statements are false. The difference between revenue received in advance and accrued revenue is that accrued revenue has been recorded and needs adjusting whereas revenue received in advance has never been recorded. Which basis of accounting recognizes expenses? CASH […]
What causes air pollution in Mexico City?
What causes air pollution in Mexico City? Located in the crater of an extinct volcano, Mexico City is about 2,240 metres above sea level. The lower atmospheric oxygen levels at this altitude cause incomplete fuel combustion in engines and higher emissions of carbon monoxide and other compounds. Intense sunlight turns these into higher than normal […]
Is buying from the black market illegal?
Is buying from the black market illegal? The goods and services offered in a black market can be illegal, meaning their purchase and sale are prohibited by law, or they can be legal but transacted to avoid taxes. Black markets are also known as shadow markets or underground markets. Are black markets good for economy? […]
Does the judicial branch approve and carry out laws?
Does the judicial branch approve and carry out laws? The legislative branch makes laws, but the judicial branch can declare those laws unconstitutional. The judicial branch interprets laws, but the Senate in the legislative branch confirms the President’s nominations for judicial positions, and Congress can impeach any of those judges and remove them from office. […]
What are the basic principles of the Constitution?
What are the basic principles of the Constitution? structure and its language, the Constitution expressed six basic principles of governing. These principles are popular sovereignty, limited government, separation of powers, checks and balances, judicial review, and federalism. Which branch of government has the most power and which branch has the least power? In conclusion, The […]
What happens to the Capulet and Montague families at the end of the play?
Which type of GPS possess highest level of accuracy?
Which type of GPS possess highest level of accuracy? Real Time Kinematic What do more accurate GPS units do? Using two GPS frequencies improves accuracy by correcting signal distortions caused by Earth’s atmosphere. Dual-frequency GPS equipment is commercially available for civilian use, but its cost and size has limited it to professional applications. How often […]