When analyzing the impact of a variable on
the economic system, the other things
Select one:
a. Must also be analyzed
b. None of these
c. Must be kept constant
d. Must not be taken into consideration
Answers
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Answer:
must also be analyzed
Explanation:
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When analyzing the impact of a variable on the economic system, the other things is (c) Must be kept constant
Explanation:
- The study of economic systems is known as economic analysis. It might also be a study of a manufacturing process or an industry. The goal of the analysis is to discover how efficiently the economy or something inside it operates.
- An economic examination of a corporation, for example, focuses mostly on how much profit it generates. The deductive and inductive procedures are two typical broad methodologies of economic analysis.
- Fiscal impact analysis, cost-benefit analysis, cost-effectiveness analysis, and cost analysis are more detailed methods of completing an analysis. These strategies are used to identify how to best utilize resources.
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