Q.1 Is "measurement without theory" a fair summary of the institutionalist approach to empirical work? [20 marks]
Answers
The institutionalist approach to empirical work emphasizes the importance of theory in economic analysis. While measurement is an important component of this approach, it is only useful when it is grounded in theory. The notion of "measurement without theory" is therefore not a fair summary of the institutionalist approach to empirical work.
The institutionalist approach to empirical work can be summarized as "measurement without theory." This statement is generally true, as institutionalists believe that quantitative data is not useful unless it is grounded in theory. This is because theory provides a framework for understanding the meaning behind the numbers, making them more than just abstract figures. This essay will discuss the institutionalist approach to empirical work, paying special attention to its emphasis on theory, and explore the notion of "measurement without theory."The institutionalist approach to empirical work is based on the belief that economics cannot be divorced from social and historical factors. Institutionalists view economic activity as being heavily influenced by cultural, political, and social contexts, which means that quantitative data alone cannot fully explain economic phenomena. Instead, institutionalists believe that economic analysis must be grounded in theory, which provides a framework for understanding the underlying forces that shape economic outcomes. Theory allows economists to identify relevant variables and construct models that accurately reflect economic reality. In this sense, institutionalists do not see measurement as an end in itself but rather as a means of testing theories and evaluating hypotheses.Measurement without theory, therefore, is not a fair summary of the institutionalist approach to empirical work. While measurement is important, it is only useful when it is grounded in theory. Without theory, quantitative data is just a collection of numbers that cannot be fully understood or interpreted. Theory provides a framework for understanding the meaning behind the numbers, making them more than just abstract figures. In this sense, theory is necessary for accurate measurement and interpretation of economic phenomena
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Related Questions
hurry please!!!giving brainliest!
Answers
Answer:
A
Explanation:
the jeffersons are considering selling their current residence, buying a small home near avery’s parents for $220,000 with a $100,000 30-year mortgage at 3.5%, and investing the net proceeds in their retirement accounts and education accounts. they assume they will incur 2% in transaction costs for the purchase and 6% for the sale. they have asked you the following:
Answers
The Jeffersons will incur $4,400 in transaction costs for the purchase and transaction costs for the sale can be calculated based on the selling price of their current residence.
The Jeffersons are considering selling their current residence and buying a small home near Avery's parents. The small home costs $220,000 and they plan to finance $100,000 of it with a 30-year mortgage at an interest rate of 3.5%. They expect to incur 2% in transaction costs for the purchase and 6% for the sale.
To calculate the transaction costs for the purchase, multiply the cost of the small home ($220,000) by the transaction cost rate (2%). The transaction cost for the purchase is $4,400.
To calculate the transaction costs for the sale, multiply the value of their current residence by the transaction cost rate (6%).
Next, calculate the monthly mortgage payment using the mortgage amount ($100,000), the interest rate (3.5%), and the loan term (30 years).
After buying the small home, they will have net proceeds from the sale of their current residence. This amount can be calculated by subtracting the transaction costs for the sale from the selling price of their current residence.
Finally, they plan to invest the net proceeds in their retirement and education accounts.
In summary, the Jeffersons will incur $4,400 in transaction costs for the purchase and transaction costs for the sale can be calculated based on the selling price of their current residence. They will have a monthly mortgage payment based on the mortgage amount, interest rate, and loan term. The net proceeds from the sale can be calculated by subtracting the transaction costs for the sale from the selling price of their current residence. They will then invest the net proceeds in their retirement and education accounts.
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true or false: the methods used for valuing an acquisition candidate are different from those used to determine the value of a merger candidate.
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The methods used for valuing an acquisition candidate are different from those used to determine the value of a merger candidate is a false statement.
What is a merger?
Financial transactions known as mergers as well as acquisitions occur when the ownership of one corporation institution is moved to, or combined with, another “organizational organization. Both businesses, which are comparable in size and breadth, are expected to benefit from the deal.
The business owner should evaluate the franchise's potential profits. Managing values, objectives, and skills all at once is a challenge for the strategist. You must examine each of these elements in order to develop and implement a good project and comprehend how your company can produce and sustain value.
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Suppose in 2020, you purchase a house built in 2014. Which of the following would be included in the gross domestic product for 2020 ? A. the value of the house in 2020 B. the value of the services of the real estate agent C. the value of the house in 2020 minus depreciation D. the value of the house in 2014
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The calculation of a country's GDP encompasses all personal and public consumption, authorities outlays, investments, additions to non-public inventories, paid-in development costs, and the overseas balance of trade. (Exports are delivered to the cost and imports are subtracted).
What is an example of gross domestic product?If, for example, Country B produced in one year 5 bananas each worth $1 and 5 backrubs each really worth $6, then the GDP would be $35. If in the next yr the charge of bananas jumps to $2 and the portions produced stay the same, then the GDP of Country B would be $40.
Only items and services produced domestically are blanketed inside the GDP. Only newly produced goods - including those that enlarge inventories - are counted in GDP. Sales of used items and sales from inventories of goods that have been produced in previous years are excluded
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https://brainly.com/question/13511171#SPJ4A sales associate received an earnest money deposit on Tuesday. The sales associate forgot about the check and gave it late to his Broker on Thursday. By when must the broker make the deposit
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The funds must be deposited by the broker by the end of the third business day (Thursday). Thus, 'Thursday' is the correct option.
When the earnest money is late, the seller has limited authority to cancel the agreement. The Holder designated in the contract must first notify the Buyer and the Seller as soon as possible that the monies have not yet been delivered.
Following receipt of the notice, the buyer has three (3) banking days to correct the default. A broker receives a cheque from a buyer as earnest money and places it in an escrow account. He takes this action to defend himself against the accusation of novation.
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Which of the following sets is most important to consider when choosing a career?
(A) needs and demographics
(B) hobbies and friends
(C) diversity and interests
(D) personal values and work values
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The sets that is most important to consider when choosing a career is (C) diversity and interests.
What is a career ?Career can be described as the occupation that ios been undertaken for a significant period whgich one can focus on, through ouut hios or her life with opportunities for progress.
It should be noted that when choosing ba career one should be able to seek for the things that interest you about tyhe field because ythis will help you when the journey is getting tough because to get to the peak of the career can not be seen as one that ios easy.
Therefore, option C is correct.
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name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
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Answer:
The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.
Since water transportation is so much slower than other modes, why do companies choose it?
Water transportation is unaffected by delays for maintenance, scheduling, and weather, making it far more reliable.
Some companies might think it's worth the lost time when they are shipping potentially dangerous products.
The environmental impact of water transportation is lower, so companies can justify its use.
Some companies prioritize cost as their overriding concern for their shipping requirements.
Answers
Answer:
i think its d or maybe a
Explanation:
Answer:
ah
Explanation:
IBM has created a reputation as being a quality innovator in a fast-paced industry. One approach used to spawn innovation was the IBM Innovation Jam, where IBM gathered data and ideas from thousands of individuals within and outside the organization. This resulted in the emergence of numerous new innovative ideas and the launch of new businesses.Managing innovation within a corporation is difficult since companies must find the appropriate level of incremental versus radical innovation investments. IBM struggled with focusing too much on incremental innovations in an industry that demanded radical innovations. To spawn creativity and ideas, IBM launched the Innovation Jam to gather ideas from employees, partners, and other individuals.Read the case below and answer the questions that follow.IBM is one of the best known corporations in the world, but its CEO, Samuel Palmisano, saw a major challenge for the firm. Though IBM had great ability to do basic scientific research and owned the rights to over 40,000 patents, it had struggled to translate its patented knowledge into marketable products. Also, it had built a reputation with investors as a firm with incremental product development, not the reputation needed in dynamic technological markets. Palmisano saw crowdsourcing as a means to move IBM forward in a bold way.In 2006, IBM hosted an Innovation Jam, an open event that involved 150,000 IBM employees, family members, business partners, clients, and university researchers. The jam took place over two 72-hour sessions. Participants from over 100 countries jammed for 24 hours a day over three days. The discussions were organized around 25 technologies in six broad categories. While the jam discussions were rich in content, it was a challenge for IBM to pull meaningful data from them. The 24-hour format meant that no single moderator could follow any discussion, and the volume of posts to the discussion threads left IBM with a huge amount of data to wade through. The discussions yielded 46,000 potential business ideas. To make sense of the data, IBM organized the discussion threads using sophisticated text analysis software and had a team of 50 managers read through the organized data. Using data from the first session, the managers identified 31 "big ideas." They further explored these 31 ideas in the second jam session. IBM then used another set of 50 global managers to review the discussions from the jam. Teams of managers focused on related groups of ideas, such as health care and the environment.IBM’s managers saw the jam as serving three purposes. First, it gave individuals both inside and outside IBM who already had big ideas a forum in which to share their vision with top managers. Second, it gave individuals with smaller ideas a venue to link up with others with related ideas, resulting in larger major initiatives. For example, individuals who had ideas about better local weather forecasting, sensing devices for water utilities, and long-term climate forecasting came together to create "Predictive Water Management," a comprehensive solution for water authorities to manage their resources, a business solution no one at IBM had thought of before the jam. Third, the global structure of the jam allowed IBM, early on, to see how employees, partners, and customers from different regions had different goals and concerns about possible new businesses. For example, what customers wanted from systems to manage health care records varied greatly across regions.Based on the jam sessions, IBM launched 10 new businesses using $100 million in funding. One, the Intelligent Transportation System, a system that gathers, manages, and disseminates real-time information about metropolitan transportation systems to optimize traffic flow, has been sold to transportation authorities in Sweden, the UK, Singapore, Dubai, and Australia. Another, Intelligent Utility Networks, became a core product in IBM’s public utility business. A third, Big Green, became part of the largest initiative in IBM’s history, a billion-dollar project on better managing energy and other resources.What was one of the issues IBM faced during the Innovation Jam?a. Analysis of a tremendous amount of data.b. Not enough employees to manage the new companies created.c. Issues with servers breaking down.d. All of these are issues IBM faced.
Answers
One of the issues IBM faced during the Innovation Jam was analysis of a tremendous amount of data.
One of the issues IBM faced during the Innovation Jam was the challenge of analyzing a tremendous amount of data generated from the jam sessions. With thousands of participants contributing to discussions over a 72-hour period, IBM had to sift through a large volume of posts and discussion threads. The 24-hour format and the sheer volume of data made it difficult for a single moderator to follow every discussion. As a result, IBM had to employ sophisticated text analysis software and a team of managers to organize and extract meaningful insights from the data. Therefore, the analysis of a tremendous amount of data was one of the challenges faced by IBM during the Innovation Jam.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
Describe a hypothetical government budget that employs an expansionary policy.
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Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
Answers
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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Why would banks offer higher interest rates for savings and checking accounts?
A. to encourage people to spend money in the economy
B. to discourage people to spend money in the economy
C. to encourage people to put money in saving and checking accounts
D. to discourage people to put money in saving and checking accounts
Answers
Answer:
C) To encourage people to put money in savings and checking accounts
Explanation:
1. The current exchange rate between the Japanese Yen and the US Dollars is 80:1. If a new
3D TV set in Tokyo costs 80,000 yen, how many US Dollars would you need to purchase the
TV?
Answers
Answer:
1,000 US dollars
Explanation: 80,000 divided by the 80-1 ratio would equal 1000$
80,000/80=1000
The current exchange rate between the Japanese Yen and the US Dollars is 80:1. You would need 1,000 US dollars to purchase the TV.
What is exchange rate?The price at which one currency will be traded for another is known as the exchange rate. Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.
The rate at which one currency will be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.
You would need 1,000 US dollars to purchase the TV.
80,000 divided by the 80-1 ratio = 1000$
80,000/80=1000
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What is the allowance provided to an employee (salon manager) in charge for a full week?
Answers
Answer:
$44.98 per week
Explanation:
This allowance is based on a working condition or a disability as part of working a shift.
Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
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Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car insurance$60 Backpack$10 Electric bill$60 Car payment$250 Submit
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Answer:everything but the backpack
Explanation:
What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
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My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
"Development has a negative impact on our environment" Motivate why you agree with the
statement
[8]
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industrial lead to water pollution
Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
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Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
You have a chance to buy an annuity that pays $3,300 at the beginning of each year for 3 years. You could earn 5. 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?.
Answers
At most, what you should pay for the annuity is $8,903.18.
What should you pay at most for the annuity?In order to determine the required value, the present value of the annuity should be determined. The present value is the sum of discounted cash flows.
Discounted cash flow from year 1 to 3 = (3300 / 1.055) + (3300 / 1.055²) + (3300 / 1.055³) = $8,903.18
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Select the Internet site(s) that could be used as job lead sources.
ebay.com
Jobs2Careers.com
dictionary.com
Monster.com
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Answer:
Monster.com and Jobs2careers.com
Explanation: You can usually find job offers surfing the internet with ease.
According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
options.
weeding
Opruning
preparing soil
transplanting
planting
Answers
Answer:
A: weeding
B: pruning
D: transplanting
Explanation:
trust me i just did it
enjoy :)
what is nursing ?why is it needed?
Answers
Answer: What type of nursing?
When Linda McAnem began Stirya, a New York-based computer services company, she ran it as a sole proprietorship. As a sole proprietor, McAnem:
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As a sole proprietor, McAnem will find the business to be easy and inexpensive to form.
What is a sole proprietor?It should be noted that a sole proprietor simply means an individual who owns and manages a business on his or her own.
In this case, as a sole proprietor, McAnem will find the business to be easy and inexpensive to form. This is an advantage of this form of business.
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Which problem is Arthur experiencing in the given example?
Arthur has been working for a company for three months. However, the company’s values are conflicting with his own. Since he does not fit in the organization’s culture, Arthur has started experiencing { blank }, which is manifesting as frustration and anger.
Answers
Answer:
Demotivation
Explanation:
Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
The problem that Arthur is experiencing in the given example is a cultural mismatch or cultural conflict with the organization. Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
When a person's personal values, beliefs, and behaviors diverge from the standards and conventions of the workplace or society, there is a cultural mismatch.
Arthur feels frustrated and enraged as a result of this cultural struggle. These unfavorable feelings most likely result from the discrepancy between his personal principles and the values upheld by the business. Feelings of being misunderstood, undervalued, or unable to fully contribute at work might result from this imbalance.
Therefore, it would be advantageous for Arthur to look into opportunities to address the cultural mismatch, such as finding common ground with coworkers, asking for support from supervisors, or pondering whether a different workplace might be a better fit for his personal goals.
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Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS
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what will happen when a change control board approves a change request that would decrease a project's schedule by 30 days
Answers
When a change control board approves a change request that would decrease a project's schedule by 30 days, it can have a significant impact on the project's timeline and overall success. Firstly, the project team will need to adjust their plans and schedules accordingly to ensure that they can meet the new deadline. This may involve rescheduling tasks, reallocating resources, or re-evaluating project priorities.
If the change request was submitted due to a delay or issue that has arisen during the project, the approval can help to bring the project back on track and reduce the impact of any potential risks. It can also help to increase the project's efficiency and productivity, as the team will have a clear and defined deadline to work towards. However, if the change request was approved without proper consideration of the project's scope, resources, or requirements, it may cause additional problems down the line.
The team may struggle to complete the project within the new deadline, resulting in quality issues, missed deliverables, or additional costs. It's essential that any change request is carefully evaluated and assessed before being approved to ensure that it aligns with the project's goals and objectives.
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At what price will the stock reach an ""equilibrium"" at which it is perceived as fairly priced today?.
Answers
it's equilibrium price is $55.75.
An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium except some characteristics of demand or supply change. Changes in the equilibrium price manifest when both demand or supply, or both, shift or move.
How do you discover equilibrium price?To find the equilibrium rate a mathematical system can be used. The equilibrium fee components is primarily based on demand and furnish quantities; you will set volume demanded (Qd) equal to quantity supplied (Qs) and resolve for the price (P). This is an instance of the equation: Qd = one hundred - 5P = Qs = -125 + 20P.
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https://brainly.com/question/22569960#SPJ4suppose the chester company shifts focus to only competing in the thrift and nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing? select : 1 save answer broad differentiation broad cost leader niche differentiation niche cost leader\
Answers
The strategy that the Chester Company would be implementing if it shifts focus to only competing in the thrift is called niche cost leadership. Correct option is D.
Niche cost leadership involves targeting a narrow market segment with a lower cost structure than competitors. This allows the company to offer products or services at lower prices while maintaining a competitive advantage in the market.
By reducing costs and passing the savings on to customers, the Chester Company would be able to attract price-sensitive consumers in the thrift and nano segments.
This strategy is different from broad cost leadership, which involves targeting a larger market with a lower cost structure than competitors.
Niche cost leadership allows a company to focus on a specific market segment and provide a specialized product or service at a lower cost than competitors in that segment.
Overall, niche cost leadership is an effective strategy for companies that want to achieve a competitive advantage in a specific market segment while offering lower prices to price-sensitive customers.
Correct option is D.
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Complete question is:
suppose the chester company shifts focus to only competing in the thrift and nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing?
a) broad differentiation
b) broad cost leader
c) niche differentiation
d) niche cost leader