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Do economic models always accurately predict economic behavior?
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∙ 11y ago
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Do think the Law of Demand accurately reflects most peoples behavior regarding certain purchases?
no.law of demand does not accurately reflects most peoples behavior regarding certain purchases.as in purchasing basic life necessities no one behaves like that as explain in law of demand,one should always purchase basic necessities of life even at high price.the one who have money can purchase every thing at any price.if there is a fear of black marketing,war etc then one will purchase goods at high price.
Is economic profit always less than accounting profit?
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
What will always exist in any economic system?
UNEMPLOYMENT.
The basic economic questions are answered as you have always done?
traditional
Which of the following statements best describes the Iraqi view of individual behavior?
iNDIVIDUAL BEHAVIOR ALWAYS HAS A DIRECT AFFECT ON FAMILY HONOR
Will Random sample always accurately predict the outcomes of an entire population?
No. Only a census can ACCURATELY predict the outcomes: a random sample cannot.
What are the limitation of terzaghi's analysis?
Some limitations of Terzaghi's analysis include its assumptions of linear elastic behavior, isotropic soil properties, and neglect of soil heterogeneity. Additionally, it may not always accurately predict non-linear soil behavior and complex soil-structure interactions. Due to these simplifications, the analysis may not be suitable for all soil conditions and structures.
Why is it difficult to predict the growth of earth's human population?
The world is always changing. Technological advances help us live longer, but disasters such as earthquakes and hurricanes can lower our population. Humans are all over Earth, so it's hard to accurately predict our population.
What day it a next earthquick?
I don't have the ability to predict when earthquakes will occur. Earthquakes happen randomly and are impossible to forecast accurately. It's essential to always be prepared and have a plan in place for natural disasters.
What does Key Leading Indicators Mean?
A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate.
How do you think the 4 goals of psychology can help or hurt humanity?
The four goals of psychology: describe behavior, understand behavior, predict behavior, and control behavior I believe can help humanity a great deal. We have to begin to understand how we behave in our everyday life has an effect on others. We much first learn the cause and effect of our own behavior before we can begin to study other people around us. Humanity cannot describe behavior unless they understand the behavior as a whole first. It is good to be able to predict ones behavior in order to make our reacting behaviors send the message we wish to send. I believe communication skills also fit into psychology because our behaviors also send messages, and you cannot describe, understand, predict or control a person's behavior without understanding and describing the nonverbal communication messages the behavior emits. We use the four goals of psychology in everyday life, and whether humanity as a whole realizes it or not, we are always predicting and trying to control ones behavior, but we cannot also describe or understand the behavior. Psychologists use the four goals to determine various personalities and personas and figure out better ways to deal with various patients.
What is the crayfishes behavior?
crayfishes behavior is always mad and wants to bite us.
What is honest behavior?
An honest behavior is always telling the truth, and be polite to everyone..
Do scientist always have the technology to predict a volcano?
no they dont they only noe parts of it
Do flashbacks always predict what might happen in the story?
Flashbacks show details from the past. Foreshadowing is when something is hinted at and it can help you predict what's going to happen.
What is true about human behavior?
it is always learned
What always the basis of behavior?
response to stimuli
