The answer is D. Gather information. Took the test and it was correct.
Answer:
B. Producing 50 shoes using resources that cost $25
Explanation:
Productivity is described as a measure of efficiency. An increase in efficiency results in an increase in productivity. Productivity is the efficient use of resources. It is the ability to give more output using fewer resources.
An increase in productivity is an increase in production using proportionate fewer resources. In this case, producing 50 shoes with resources of $25 is the most efficient way of using resources from the list produced.
Answer:
a. the income effect.
Explanation:
The income effect is the change in demand with respect to the good or service that due to change in the purchasing power of the consumer results in change in real income
Since in the situation it is mentioned that she received a big bonus this year and she decided for a trip to europe so here the purchasing power would be changed due to the income effect
hence, the option a is correct
The owner of a local coffee shop
