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2 years ago

Which of these facts about a region are most helpful in understanding the region's economy?

1 answer:

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The average age of the population, the location of major cities, shipping ports, and beaches, as well as the climate, are all important aspects to consider while attempting to comprehend the local economy.

This is further explained below.

<h3>What is the economy?</h3>

Generally, The creation, distribution, and exchange of products and services, as well as their consumption, all take place inside an economy. As a social domain, it is characterized by an emphasis on the "creation, use, and management of finite resources" via behaviors, discourses, and tangible manifestations.

In conclusion, When trying to get an idea of a region's economy, it is important to look at a number of different elements, such as the typical age of the population, the location of major cities and shipping ports, the climate, and the beaches.

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Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of

balandron [24]

Answer:

a) The demand curve for unskilled labor is vertical.

Explanation:

Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.

Response to prices depend on the elasticity of demand because elasticity of demand relates to how quantity demanded will fall as a result of increase in price or in this case wage rate.

A vertical demand curve is a pictorial demonstration of a perfectly inelastic demand which means that no matter how much to you increase the price no change will occur in quantity demanded as such a good is most essential to the consumers.

Therefore if the demand for labor is perfectly inelastic, it means nobody will be laid off with increase in wage rate as firms will not change their quantity demanded for labor.

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3 years ago

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Besides the actual mortgage payment, which also factors into the monthly payment on a home?

Pie

Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.

Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts.

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3 years ago

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Which is the difference between marginal cost and marginal revenue

Vinil7 [7]

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3 years ago

Pallet Enterprise magazine is a business publication aimed at people who are in the pallet and container industries. It is only

horrorfan [7]

Answer:

Paid circulation

Explanation:

A paid circulation magazine can be simply explained to be a magazine that requires payment to have access to. That is, the magazine is available to persons that have pre-odered the magazine by means of subscription. The subscription could be weekly, monthly, bi-monthly, quarterly or yearly.

For pallet enterprise magazine, it is available through subscriptions and that no persons without subscription can have access to the magazine except through another individual that receives the magazine.

Cheers.

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3 years ago

The average number of different products offered in each product line (also called assortment) ...is known as the ______________

Andreas93 [3]

Answer:

The correct word for the blank space is: Depth of Product Mix.

Explanation:

A product mix represents the combination of product lines a company manufactures. The product mix has four (4) characteristics: <em>width, length, depth, </em>and <em>consistency</em>. The depth of the product mix refers to the diversity of each good in a product mix has. That diversity implies talking about the sizes, flavors, odors, presentations, or any other particular feature that the same product has.

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3 years ago