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matrenka [14]
4 years ago
9

When both producers and consumers experience a surplus, the market is demonstrating efficiency?

Business
1 answer:
Tcecarenko [31]4 years ago
4 0

If both consumers and producers are experiencing a surplus the market is efficient

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According to the classical dichotomy, when the money supply doubles, which of the following also doubles?
masha68 [24]

Answer: Option (C) is correct.

Explanation:

Correct option: The price level and nominal wages.

According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.

A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.

7 0
3 years ago
If your economics class was graded on a curve and everyone agrees to study only half as much, everyone would get the same grade
erik [133]

Answer:

studying

Explanation:

The coming together by students not to study is an example of collusion in an oligopoly.

An Oligopoly is when there are few large firms operating in an industry.  Collusion is when people come together and decide on a particular course of action. It is usually non competitive

The dominant strategy here is to study.

Dominant strategy is the best option for a player regardless of what the other players are doing.

the students prefers to study more and get an A or to study the same amount as other students and get a C. Her least preferred option is an F. Since she does not know the actions of the other students, are best option is to study

7 0
3 years ago
HURRY PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! When defining the issue for which a decision has to be made, fr
777dan777 [17]
The answer is (C) Helps point to a set of actions that should occur
8 0
3 years ago
The primary purpose of messages that explain procedures, announce meetings, answer questions, and transmit findings is to ______
pav-90 [236]

Answer:

(B) Inform.

Explanation:

Most business messages achieve nothing more than to inform. They explain procedures, announce meetings, answer questions, and transmit findings. Some however, are meant to persuade and that is by selling out products, increasing the morale of employees, convincing managers and gaining more customers. But most is still to inform as they announce meetings, answer questions, and transmit findings and these are called informative messages.

5 0
4 years ago
Which of the following would be an example of mechanical convection?
sdas [7]

Hi!


Option A is correct.


In cooking, convection is the phenomena that causes molecules with a higher energy at the bottom of a container to travel upwards, and the molecules at the top with a lower energy to sink to the bottom and replace them.

Mechanical convection describes this phenomena as a result of the application of an external force.

This phenomena is restricted to substances that are in liquid, or gaseous state, as molecules of a substance in solid state have a very restricted movement.

Hence, options B, C and D are incorrect.


Hope this helps!



3 0
3 years ago
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