Why is there so much emphasis on exact definitions in economics?

Answers

Answer 1
Answer: I believe the answer is because economics is a science and must be precise.

Hope I helped.
Answer 2
Answer: There is so much emphasis on exact definitions in economics because economics is a science and must be precise. Economics is the science of money, essentially.

Related Questions

Economists state that every decision involves trade-offs. economists measure and define these trade-offs as:
The primary election process is really just a way of reducing the number of people who will run in the general election
An advocate of the just deserts model of criminal sentencing would state that "she got her due." a. True b. False
Adolf Hitler was able to create a powerful unified state in Germany, in part, by blaming ethnic minorities for the country’s problems and promoting the idea of "ethnically German" people as different and superior. This made the idea of persecuting minorities and expanding German dominance over Europe seem like a reasonable course of action. What do we call this feeling of belonging and superiority?a.social cohesionb.militarizationc.nationalismd.racism
Which of the following is physical capital?a. a college degree b. a factory building c. learning to sew d. playing the violin

What did the National Assembly do with Church lands they seized?a. They sold the land to pay off debt.
c. They used the land to compensate nobles who lost land.
b. They divided the land amongst the peasants.
d. They redistributed the land equally amongst the people. Please select the best answer from the choices provided A B C D

Answers

they sold the lands to pay off debt

When exposed to a scent derived from men's sweat, gay and straight men responded differently in the area of the ________ that governs sexual arousal. a. hypothalamus
b. reticular formation
c.cerebellum
d.hippocampus
e.motor cortex

Answers

Answer:

hypothalamus                          

Explanation:

The hypothalamus refers to the brain part comprising a variety of small nuclei with varying functions. One of the hypothalamus ' most important functions is to connect the nerves via the pituitary gland into the endocrine system.

The hypothalamus is indeed a brain system consisting of different nuclei and less anatomically distinct regions. It's discovered across all nervous systems of the vertebrates. Thus, from the above we can conclude that the correct option is A .

Who invented ice cream ​

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Answer:

King tang of shang

Explanation:

Answer:

Ice cream soda was invented in the 1870s, adding to ice cream's popularity. The invention of this cold treat is attributed to American Robert Green in 1874, although there is no conclusive evidence to prove his claim. The ice cream sundae originated in the late 19th century.

Explanation:

Miranda is questioning whether her upcoming business trip, where she must travel through an area with many mountains, will pose a danger for her. as such, this example illustrates ________.

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The correct answer is C) primary appraisal.

The other options of the question were A) a stress reaction. B) coping. D) secondary appraisal.

Miranda is questioning whether her upcoming business trip, where she must travel through an area with many mountains, will pose a danger for her. As such, this example illustrates the primary appraisal.

The primary appraisal means that an individual, in this case, Miranda, questions herself about the risk or dangers of doing something. Miranda perceives a threat in traveling to an area with many mountains. She could feel that something could go wrong and end up being in a dangerous or difficult situation. That is why the primary appraisal identifies a possible threat.

The mountain and its risk It will depend on the type of mountain to climb, and the season of the year...

Mountaineering techniques vary greatly depending on location, The everest is very different compare to The Aconcagua, also season, and the particular route a mountaineer chooses to climb.

Mountaineers train to climb on all types of terrain whether it be snow, glacier, glacial Ice, water ice, or rock. The challenges appear in all different kinds.

Each type of terrain presents its own hazards. Always Safety is first. Climbers must be skilled in dealing with the different challenges that could arise from different terrain.

What are the two types of government spending?

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Mandatory and Discretionary

In two or three sentences, define an externality and explain how the government makes companies take responsibility for negative externalities.

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Externality is an effect of an industrial or commercial doings that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey. The government can respond to externalities through command-and-control policies or market-based policies.

Answer:

An externality is an unplanned effect of industrial or commercial doings that affects others without being reflected in the cost of the goods or services involved. An example of this would be the air and water pollination by the company that produces cleaning products; it is an externality of the production prosses of making the cleaning solutions.

The government can respond to externalities through command-and-control policies or market-based policies, which often means that the company responsible for the pollution has to pay fines or reverse the pollution they have caused.

Explanation: