The demand for a necessity whose cost is a small portion of one's total income is

1 answer:

3 0

It is the Relatively Price Inelastic. It is a measure utilized as a part of financial aspects to demonstrate the responsiveness, or flexibility, of the amount, requested of a decent or administration to an adjustment in its cost, ceteris paribus. All the more accurately, it gives the rate change in amount requested because of a one percent change in cost

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Which trade bloc was created to encourage free trade and economiccooperation between Canada, Mexico, and the United States?

Vsevolod [243]

Answer:

B. NAFTA

Explanation:

North American Free Trade Agreement (NAFTA) is a regional agreement between the Government of Canada, the Government of the United Mexican States, and the Government of the United States of America that created a free trade zone.

NAFTA administers the mechanisms stipulated in the Treaty to resolve commercial disputes between national industries or the governments of the party countries in a timely and impartial manner.

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Which of the following statements is true of franchisors?

denpristay [2]

Answer:

3. Franchisors may suffer a loss of control over how their technology and brand names are used.

Explanation:

If the brand name/reputation is tarnished somewhere, it affects every franchisor

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2 years ago

Coworkers Yvonne and Rodney are trying to finish cleaning the store by washing dishes and sweeping the floors. To finish both ta

Lynna [10]

Answer: True- The comparative advantage in the dish washing

Explanation:

Yes, the given statement is true that both the coworkers that is Rodney and Yvonne determining the comparative advantages in the store by washing all the dishes.

The comparative advantages is one of the term that is used to refers to the economical ability that helps in providing the various types of products and also reflecting the overall production opportunity in terms of cost.

Accordion to the given scenario, we use the comparative advantages for determining the person for washing the dishes from both the co-workers.

Therefore, The given answer is correct.

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3 years ago

Which of the following are true about productive efficiency? I. All available resources are employed in production. II. Workers

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Answer:

III. Points on the PPF curve are the only ones that achieve "productive efficiency"

Explanation:

What is true about productive efficiency is that Points on the PPF curve are the only ones that achieve "productive efficiency".

Productive efficiency is an economic term that is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost.

For it to be said that an economy is productively efficient means the economy must be producing on its production possibility frontier

Hence productive efficiency happens when production is reportedly occurring along a production possibility frontier (PPF).

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What are some strategies that you can use when agreeing to a contract to protect yourself?

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You can go over with a lawyer and see what you can do to help you

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