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Economists use to estimate a resource's future economic value compared to its present value?
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∙ 12y ago
cost-benefit analysis
Wiki User
∙ 12y ago
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What is the primary purpose for technology in economic activities?
Usually improvement in the utilization of economic resources. Economic resources are defined as land, labor, capital, and human capital (ie entrepreneurial ability or any skills you might have). The best example is oil which was thought to be useless and gross, and is now very valuable. Technology is estimated to contribute about 25-50% of Real GDP per capita growth, although its extremely difficult to estimate.
5 A key difference between accountants and economists is their different treatment of the cost of capital Does this cause an accountant's estimate of total costs to be higher or lower than an econom?
I am not so sure.
Discuss the goals of econometrics?
1. To verify economic theories and hypothesis establishing empirical informations. 2. To obtain reliable estimate of the co-efficient of economic relationship and use them for policy decisions. 3. Using the numerical estimate of the coefficient to forecast future values of the economic magnitude.
Which description most accurately describes the input output model?
This model is used to estimate economic effects that an initial change in economic activity has on a regional economy.
Why are ecosystem services rarely included in economic analysis?
Their cost is difficult to estimate and people take them for granted.
What is the primary purpose for technology in economic activities?
Usually improvement in the utilization of economic resources. Economic resources are defined as land, labor, capital, and human capital (ie entrepreneurial ability or any skills you might have). The best example is oil which was thought to be useless and gross, and is now very valuable. Technology is estimated to contribute about 25-50% of Real GDP per capita growth, although its extremely difficult to estimate.
What mineral resources?
Mineral resources are those economic mineral concentrations that have undergone enough scrutiny to quantify their contained metal to a certain degree. None of these resources are ore, because the economics of the mineral deposit may not have been fully evaluated.Indicated resources are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and ) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristicsMeasured resources are indicated resources that have undergone enough further sampling that a 'competent person' (defined by the norms of the relevant mining code; usually a geologist) has declared them to be an acceptable estimate, at a high degree of confidence, of the grade, tonnage, shape, densities, physical characteristics and mineral content of the mineral occurrence
How do you estimate btu's compared with square footage?
meaningless question
What are mineral resource?
Mineral resources are those economic mineral concentrations that have undergone enough scrutiny to quantify their contained metal to a certain degree. None of these resources are ore, because the economics of the mineral deposit may not have been fully evaluated.Indicated resources are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and ) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristicsMeasured resources are indicated resources that have undergone enough further sampling that a 'competent person' (defined by the norms of the relevant mining code; usually a geologist) has declared them to be an acceptable estimate, at a high degree of confidence, of the grade, tonnage, shape, densities, physical characteristics and mineral content of the mineral occurrence
What is the methodology of econometrics?
Econometrics applies statistical methods to economic data to test and quantify economic theories. The methodology involves formulating a theoretical model, collecting data, estimating relationships between variables, and testing the model's validity. Econometric models help economists understand and predict economic phenomena.
5 A key difference between accountants and economists is their different treatment of the cost of capital Does this cause an accountant's estimate of total costs to be higher or lower than an econom?
I am not so sure.
Discuss the goals of econometrics?
1. To verify economic theories and hypothesis establishing empirical informations. 2. To obtain reliable estimate of the co-efficient of economic relationship and use them for policy decisions. 3. Using the numerical estimate of the coefficient to forecast future values of the economic magnitude.
Where can i get a house insurance estimate?
In order to find a house insurance estimate which can be compared to your current insurance right now, contact your insurance agent or check on the computer.
Which description most accurately describes the input output model?
This model is used to estimate economic effects that an initial change in economic activity has on a regional economy.
What does the Brazilian acronym IR stand for?
The Brazilian acronym IR stands for Imposto de Renda. Is an income tax which supervene over every citizen and company installed in the country. As every rule, it has some exceptions, such as diplomatic prerogatives. Some economists and economic institutes estimate Brazilian formal market in only 40%. Could you imagine Brasil with a bigger budget of that amount, what would happen?
Why are ecosystem services rarely included in economic analysis?
Their cost is difficult to estimate and people take them for granted.
What is the expressed ratio of the number most likely outcomes compared with the total number of outcomes possible?
The maximum likelihood estimate, possibly.
