Answer:
b
Explanation:
to be payed back to the jobs
Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Answer:
To the first question: C) C. There has been economic growth in our society.
To the second question: E). Economics.
Explanation:
To the first question:
A is false because there has been several recessions in the past 100 years
B is false because markets have failures, causing the recessions mentioned above.
D is false because there are still poor countries, and the concept of "invisible hand" isn't properly explained
To the second question:
The field of economics is the most accurate description of what the researchers are focusing.
En option A they talk about the monetary variable and status of the GDP (recession is associated as decreasing in GDP)
Option B talks about the markets.
C outright spells "economic"
D "the invisible hand" is a concept invented by Adam Smith, the father of modern economics
