Which of the following best describes a household?
a.A group of people who work together.
b.A family that lives together and makes economic decisions.
c.Any individual who make economic decisions for other people.
d.A basic economic unit that utilises factors of productio
Category: Economics
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(Answered) Which of the following best describes a household?a.A group of people who work together.b.A family…
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(Answered) Which if the following can be considered a public good?Select an answer and submit. For keyboard…
Which if the following can be considered a public good?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
A congested toll road.
A congested road with no toll.
An uncongested road with no toll.
d An uncongested toll road. -
(Answered) 0:46Question 22 (5 points)Explain the pros and cons of using marginal cost pricing to regulate a…
Question 22 (5 points)
Explain the pros and cons of using marginal cost pricing to regulate a natural monopoly. Explain the pros and cons of using average cost pricing to regulate a natural monopoly. Which one do you think is better in the long run for consumers? -
(Answered) The city council of Tom: A built a library. The library has state-of-the-art technology, so the…
The city council of Tom: A built a library. The library has state-of-the-art technology, so the council designs procedures to aceess the resources. What category of e-govermment could help the council to let the library employees know of the procedures?
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(Answered) Draw the following graphs:(2 points) – Present a PPC for guns and butter showing a recession. Label…
Draw the following graphs:
(2 points) – Present a PPC for guns and butter showing a recession. Label the point X.
(4 points) – Present an AD-AS graph showing a recession. Identify:ADSRASLRASPrice Level PL1Full Employment-NRU-Potential RGDPActual RDGP output and PL1 -
(Answered) If a credit reporting agency fails to remove known errors in a consumer’s credit report after…
➤ When should I file a lawsuit after a credit reporting agency ignores my dispute?
Allow the agency to complete reinvestigation—usually within 30 days, or 45 days with additional documentation. If the error persists or you receive no meaningful response, you may sue. The FCRA’s statute of limitations is generally two years from discovery and no more than five years from the violation date. -
(Answered) Consider the supply curve for bottles of soda. Identify each event as causing either a shift in…
Consider the supply curve for bottles of soda. Identify each event as causing either a shift in supply or a movement along the supply curve.
Shift in supply
Movement along curve
The government taxes sugar to decrease soda consumption.
The price of soda increases by $0.50. -
(Answered) Amelia Smith is the sole owner of the soccessful restaurant chain, Amelia’s Caft. Ms. Smith has…
Amelia Smith is the sole owner of the soccessful restaurant chain, Amelia’s Caft. Ms. Smith has taken a no-interest loan from the company in onder to boild a luvurioms sesside howe for herself in Carmel, Californis Thits comstitutes a classic agency problem.TrueFalse
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(Answered) Diets high in cholesterol and fat can lead to serious health issues. The high amount of cholesterol…
Diets high in cholesterol and fat can lead to serious health issues. The high amount of cholesterol and fat in the U.S. diet reflects the influence of what countries? Ireland and Portugal France and Spain Spain and Portugal Great Britain and France Scotland and Ireland
Ireland and Portugal
France and Spain
Spain and Portugal
Great Britain and France
Scotland and Ireland