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Kisachek [45]
3 years ago
7

What happens when the price of a good increases

Business
1 answer:
swat323 years ago
3 0

Answer:

the value of good increases (goes up)

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Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million
Alex_Xolod [135]

Answer: 0

Explanation:

Firstly, we will calculate the nominal value in 2015 which will be:

= $500 x 1 million

= $500 million

The nominal value in 2016 will be:

= $1000 x 1 million

= $1 billion

Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:

= $500 million x 1 million sets

= $500 million

Therefore, the increase in real GDP is zero.

4 0
3 years ago
Please help me to solve this question.​
kari74 [83]

Answer:

  1. the reproduction in which fertilization takes place is called sexual reproduction.

ii . multiple fission

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6 0
3 years ago
Coca-cola provides a children's center with props, costumes, and decorations for use in a community play. this type of activity
lesya692 [45]
Coca-cola provides a children's center with props, costumes, and decorations for use in a community play. this type of activity is known as sponsorship. Coco-cola is sponsoring the children's center by giving/donating items to the children's center. Normally, these items will have the logo or brand of company that is giving donations on the items so that when people see them, they think of the company. 
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3 years ago
a(n) blank market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among membe
Deffense [45]

A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.

<h3>Why was the common market formed?</h3>

Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.

A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."

In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.

Learn more about Common market here:

brainly.com/question/15242077

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7 0
1 year ago
The nationwide company, Nightingale Health Systems, received a tax break from the government when it was faltering and ready to
Cerrena [4.2K]

Answer:

Subsidy

Explanation:

A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.

In economic theory, subsidies can be used to offset market failures and externalities in order to achieve greater economic efficiency.

A subsidy typically supports particular sectors of a nation’s economy. It can assist struggling industries by lowering the burdens placed on them, or encourage new developments by providing financial support for the endeavors.

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