Consider the following statement: "the problem with economics is that it assumes that consumers and firms always make the correct decisions. but we know that everyone makes mistakes." what is the most correct response to this statement? a) economics has a lot of problems such as those that caused the great recession. b) economics assumes that consumers and firms are rational, not that they always make the right decisions. c) economics is a proven field of study, and it has already solved this problem. d) economics does assume that consumers and firms always make the correct decisions.

The correct answer is b) Economics assumes that consumers and firms are rational, not that they always make the right decisions

Explanation:

The economy assumes that consumers and businesses operate in a unique and particular way, there are economic models that support circumstances under the term "perfect competition"; From a rational point of view, he believes that consumers act in a certain way, but some decisions are taken from an emotional perspective and leave rational analysis aside.

For example: For the economy, a vehicle has a limited period of use, when this period ends, the economy tells us that the consumer must purchase a new vehicle. But with an emotional perspective, there is a sentimental value on the part of the owner towards the vehicle, when the period of use has concluded, the owner prefers to repair the vehicle rather than buying a new one, no matters if it is more expensive and difficult than buying a new one.

So for the economy, the consumer of the last example, take the right decision?

sound is invisible, but sometimes we can feel it. when a kettle-drum is thumped with a stick that time the tight drum skin moving up and down very quickly for some time and then it pumped sound waves into the air. loudspeakers also work in a similar manner.

components of a speaker:

electromagnet

in order to translate an electrical signal into an audible sound, an electromagnet is used in looudspeakers

  suspension

suspension is used to   center the voice coil in the gap of the magnet and it exerts a restoring force to keep it there. suspension is used to limits the maximum mechanical excursion of the diaphragm and voice coil.

voice coil

voice coil is a coil of wire which is attached to the apex of a loudspeaker cone. it provides the motive force to the cone by the reaction of a magnetic field to the current passing through it.

cone

in a   loudspeaker, a   thin, semi-rigid membrane attached to the voice coil, which moves in a magnetic gap due to which it vibrates   and produced sound. it is known as diaphragm and it can also be called a cone, though not all speaker diaphragms are cone-shaped.

surround

surround is also known as front suspension. surround is used to join the cone to the chassis. together with the suspension it controls the cone excursion, and it is also used to   determine how energy which is   travelling through the cone is absorbed, and how the speaker limits when it reaches the ends of its travel.

dustcap

dustcap is used to protect the voice coil from dust and dirt. it is a part of the cone.

how speaker work

the outer part of the cone is fastened to the outer part of the loudspeaker's circular metal rim. the inner part is fixed to   voice coil that sits just in front of a permanent magnet . when loudspeaker is hooked up to a stereo, electrical signals feed through the speaker cables into the coil. it will convert the coil into an electromagnet magnet . when electricity flows back and forth in the cables, the electromagnet either repels or attract the permanent magnet. this moves the coil back and forth, and it pull and push the loudspeaker cone. like a drum skin vibrating back and forth, the moving cone pumps sounds out into the air.in this way loudspeakers works.