When doing research, economists a. follow the scientific method: observation, theory, and more observation b. cannot use experiments, as they are often done in areas like physics and chemistry. c. have to use whatever data the world happens to give them d. all of the above

To make a profit while benefiting humanity is an example of a mission statement that what

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer

Explain the relationship between consumers and producers in economic growth and activity