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Mila [183]
3 years ago
5

What is the difference between a good that is a need and a good that is a want? Provide one example of each. Describe which type

of course is economics?
Social Studies
1 answer:
timama [110]3 years ago
5 0

Answer:

Explanation:

Need is something that's important to one's survival such as air, shelter, food. Want is something an individual desire such as car, phone. Need is more paramount than wants.

Economics helps us to make decisions and understand why certain things are the way they're. Economics helps us to understand what will happen if there's increase in prices of s good. Economics shapes our understanding of the economy.

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The Old Testament offices requiring anointing with oil were:
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Answer:

Prophet, priest, king

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They were the offices that were considered Holy in the times of the Old Testament and being anointed with oil meant that you were Holy enough to be in one of those offices.

Please don't forget to thank and rate!!!

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Joseph is taking a math exam. He has 55 minutes to complete the exam. The exam started at 10:15.
makvit [3.9K]

Answer:

the exam will end at 11:10

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The "separation of church and state" is regularly taken to form part of the US<span>the development of a two-party system</span>
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3 years ago
New England was settled by...
Igoryamba

Answer:

Captain John Smith

Explanation:

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what is the effect of the decrease in demand for U.S. exports on the trade deficit? A) It has had no impact on the trade deficit
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The correct answer is - D) It has contributed to a negative balance of trade.

The decreasing demand for US exports has had a negative effect on the trade deficit. This kind of situation results in an ever growing imbalance of trade, as the home made products are becoming less demanded, while the importing of goods and products is increasing, constantly making the trade deficit bigger.

That can eventually lead to an economic collapse, economic crisis similar to the Great Depression, as the country will not be able to work in that way forever. The GDP, both the nominal and the per capita, will suffer because of that, which will cause lot of unrest and opposition from the general public.

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