Answer:
I think it's necessary because people acquire the needs that they you don't have like for example your friend has a banana and you have a mango your friend wants that mango and you want that banana so you will trade each of your goods to each other and you will acquirewhat you wanted
Marginal beneficit and marginal cost are economic concepts. On the one hand, the marginal beneficit is defined as the added satisfaction a consumer gets from an additional unit of a good or service. On the other hand, the marginal cost is the change in total cost that results from making or producing one additional item.
The consumer could use these measurements to consider whether the cost is higher than the benefit when purchasing an item or getting a new service. Do they really need to buy an extra t-shirt when they already have enough of them? The benefit would be that they would get another t-shirt. In addition, as this is a new piece of clothing, it would probably be more in fashion than the old ones. However, the consumer would have to spend an amount of money that perhaps he had saved for another purpose and consequently would lack money for it. If he decided not to buy the t- shirt, he would have said amount of money to pay for his taxes or services. The same applies when it comes to the extra smoothie. The amount of money spent on the smoothie could be used to get something else and, by getting an extra one, you would feel fuller and perhaps would not eat a proper meal afterwards. You could also gain weight if the smoothie is not healthy, so in the end the cost is higher than the benefit.
Therefore, you could easily apply economic concepts, such as the ones described, in your everyday life so as to make decisions that leave you better off. By considering the cost associated with an extra purchase, you could start saving up money. Eventually, you could spend your savings to get a greater benefit. For instance, you could go on vacation without spending your salary and still comply with the payment of your taxes and services.
Answer:
They bring people together to achieve control of the government, develop policies ... The basic purpose of political parties is to nominate candidates for public office and to get as many of them elected as possible. Once elected, these officials try to achieve the goals of their party through legislation and program initiatives.
Explanation:
Answer:
It strengthened the role of the judicial branch of government.
It affirmed the principle of judicial review.
Explanation:
The famous case of Marbury v. Madison of 1803 resulted from the last-minute appointments- "midnight judges" by outgoing President John Adams mere hours before the succeeding president Thomas Jefferson comes to the office. This appointment resulted in the conflict of what power trumps the other.
President John Adams appointed William Marbury along with several others as justices of the peace hours before he was to step down as President. By the time the next president Jefferson came to office, the commission of Marbury along with some others was still left undelivered. Marbury then took the new Secretary of State John Marshall to court, asking for his commission to be delivered.
This resulted in the court deciding which power decides which fate, confirming the power of judicial review and strengthening the role of the judicial branch. The Supreme Court directed that if any act of Congress is in conflict with the interest of the Constitution, then it can annul any acts it deems unconstitutional.
Thus, the correct answers are the first and third options.
Microeconomics can be defined as a branch of economics where the behavior of individuals and small impacting organizations are studied, where each of these decisions are allocated of limited resources. Microeconomics looks at these behaviors and investigates how it affects the supply and demand of the goods and how this affects the pricing. Macroeconomics studies the total economic activity regarding growth, inflation and unemployment and can deal with national economic policies.
