On the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
<h3>What is AS curve?</h3>
It should be noted that the AS curve simply means the aggregate supply curve and it's the quantity of real GDP that's supplier by the economy.
In this case, on the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
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Answer:
The correct answer is b) Product of the number of workers and the level of human capital
Explanation:
The efficiency unit of labor is determinate as a product of the total number of workers in the economy, where the human capital is the best indicator of productivity
Answer:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Explanation:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Mutual agency means that rights of all partners and authority committed or bind the partnership in any contract representing the business operations.
Any partner can act on behalf of the others and acts of each of the partners is binding for all the partners.
Choices A, B ,D are all characteristics of partnership but not mutual agency.
OK THE COMARE IS THAT YOU DONT KNOW AND THE REST IS NOTHING
Answer:
Juanita's trainning dilema:
B:People face trade-offs
Icestorm:
A:Markets allocate goods effectively.
Explanation:
Any hour on swimming trainning is one less for bike or running.
Also an hour runnings is one less for swimming or running
an bike hours negate the change for swimming or running.
This is the concept of opportunity cost. chose something is also chose not to do anything else.
When there is need of a certain good, batteries in this case, the market (which is the sum of all people willing to do business) will allocate resource when needed. As the demand for batteries and flashlights increased, the stores chose to purchase these instead of other to replenish the stock and make a stand to the increased demand.
