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Why is eonomics is an art and science?

The claim that economics is both an art and a science means that while there is enough real knowledge involved in economics to qualify it as a science, there is also not really enough knowledge that we can use mathematical analysis alone to arrive at reliable results, hence, economist have to rely upon more of a holistic understanding that is more typical of the arts than of the sciences.


How can politics complicate fiscal policy?

Politicians, and the constituents they claim to represent, often have different policy objectives than economic efficiency. That is, while economists often can and have established models for optimal fiscal policies, their end goals differ from those of politicians, so policy is complicated because groups with different desired outcomes must reach a compromise policy.


While supply lasts or while supply last?

Supply as singular is in 3rd person. I should be "while supply lasts" or "while supplies last"


When was us economy at its best?

While it was at war or while its allys were paying it for weaponry.


How does representative money compare to commodity money?

Representative money is a type of currency that represents a claim on a commodity, such as gold or silver, allowing holders to exchange it for that commodity, while commodity money is actual physical goods with intrinsic value, like gold coins or silver bars. Unlike commodity money, representative money does not have intrinsic value itself; its value is derived from the trust that it can be exchanged for a specific amount of a commodity. This distinction allows representative money to be more flexible and practical for everyday transactions.

Related Questions

What is the difference between allowance and tolerance in engineering graphics?

Tolerance is unintended deviance from basic size, while Allowance is intended.


Can you go on holiday if you claim job seekers allowance?

If you are out of the country and not available to sign on, on your specific day, your claim will be cancelled. When you return from holiday you will have to make a new claim, and you will not receive any benefits while you have been away. Its a real pain. ^^^ This is not correct. You can fill out a holiday form. While you're on holiday (whether in the UK or abroad) your claim will be suspended for the period you're away, and you wont be paid anything for the days you state on the holiday form. However - once you return, and sign on your next scheduled day, your benefits will be started again without having to fill in a new claim.


What allowances should I claim on my taxes, 1 or 2?

The number of allowances you should claim on your taxes depends on your personal financial situation. Claiming 1 allowance means more taxes will be withheld from your paycheck, while claiming 2 allowances means less taxes will be withheld. It's important to consider factors like dependents, income, and deductions when deciding how many allowances to claim.


Is it true when using the allowance method of accounting for uncollectible accounts the entry to record the bad debt's expense's is a debit to Bad Debts Expense and a credit to Account's Receivable.?

No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.


Can you receive income support and carers allowance while on leave of absence?

No


Who has more National Championships in football Southern California or Alabama?

Alabama claims 12 National Titles while Southern California lays claim to 11.


What is the difference between a claim and a reason in an argument?

A claim is the statement that the arguer is trying to prove, while a reason is the evidence or justification offered to support the claim. The claim is the conclusion of the argument, while reasons are used to persuade others to accept the claim as true.


Is an allowance good?

An allowance can be beneficial as it teaches children financial responsibility, budgeting, and the value of money. It provides them with a practical way to learn how to manage their finances while also allowing for the development of decision-making skills. However, the effectiveness of an allowance largely depends on how it is implemented and whether it is linked to chores or responsibilities. Overall, when managed well, an allowance can be a valuable educational tool.


What evidence is there to support the claim that Elon Musk's education is fake?

There is no concrete evidence to support the claim that Elon Musk's education is fake. Musk attended the University of Pretoria and the University of Pennsylvania, where he studied physics and economics. He later dropped out of a PhD program at Stanford University to pursue his entrepreneurial ventures. While some critics question the extent of his formal education, Musk's success in various industries suggests that his knowledge and skills are real.


If you hit something while driving your car what kind of claim do you file?

a collision claim


Why doesn't my data work while I am using a iPhone call?

Making a voice call, or sending a text - does not affect your data allowance. Your data allowance is only used if you're downloading content from the mobile internet.


Claim income tax while on workers comp and married?

Claim? What are you asking? WC is generally taxable.