Skills can be obtained with effort, time, and money. True False

Advanced Placement (AP)

2 answers:

Ira Lisetskai [31]3 years ago

6 0

True because people go to school to learn skills and such, which costs effort and time and money to actually learn them

aleksley [76]3 years ago

3 0

The correct answer is True

Explanation:

Skills refer to abilities or competencies that have been mastered, for example, if you have computer skills this means you have knowledge about computers and know how to use them. Additionally, different from abilities, skills are not inherent but need to be developed, which requires effort as much practice is necessary to master an ability, time as you need to acquire knowledge and then apply it through practice and in some cases money because you might pay for formal training. Thus, it is rue skills can be obtained with effort, time, and money.

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Assume gasoline is sold in a competitive market, the equilibrium price is $50 per barrel, and the equilibrium quantity is 1000 b

sp2606 [1]

Answer:

(a) Please find attached, the required graph showing the equilibrium price at $50 per barrel

(b) There will be a shortage

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) The combined effect will be a further reduction in the price per barrel

Explanation:

The equilibrium price

(a) Please find attached, the required graph

(b) As shown on the graph, in a competitive market, at a price of $40 per barrel, there will be a shortage in the market due to the amount of money available will be more than the total price of the number of barrel for sale, because the equilibrium price at which the amount of money available in the market is equal to the total price of the barrels supplied gives the amount of money people a willing and able to spend on a barrel

(c) If new oil is discovered, the number of barrels supplied will be more than the amount of money available to purchase a barrel and the equilibrium price will drop

(d) When there is an increase in the price of gasoline operated automobiles, there would be a downward shift in demand while supply would remain constant, and the equilibrium price will decrease

(e) If both oil is discovered and there is an increase in the price of as operated vehicles, the result will be a further reduction in the price of a barrel of oil