The correct answer is "Business Cycle." Economic growth, peaks, economic downturns, and troughs are part of the Business Cycle. It is the downward and upward movement of levels of gross domestic product (GDP) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations<span>) around its long-term growth trend.</span>
Answer:
Weber's law
Explanation:
According to Weber, the psychologists proposed that for each of our five senses, the degree of change in the stimulus that is required to product a just noticeable difference is reliant on the degree of intensity of the first presented stimulus. In other word, the change in a stimulus that will be just noticeable is constant with its first or original stimulus.
Answer:
Unsought Good
Explanation:
Based on the information provided within the question it can be said that prior to this the plumbers services represented an Unsought Good. This term refers to goods/services that an individual does not usually think of buying and instead is purchased out of fear of an unfortunate consequence from not making the purchase. Which would be the case in this scenario if June would have purchased the Plumbers services in fear of the pipe potentially busting. Once the pipes burst the Unsought Good became a necessity.
Answer:
B
Explanation:
In a pure command economy, there is no private sector, as the central government owns or controls all business.
