Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
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Answer: Creating an inventory of the data elements contained in the database.
Explanation:
The data dictionary of an organization is a central data storage location. The data dictionary helps to give an organization the information on data they have and how their data is interrelated.
A point outside a society's production possibilities curve is one that is A. unattainable given the resources of the society.
<h3>What is a Production Possibilities Curve?</h3>
This refers to the economic model that shows the cost of a society's choice when faced with the choice of different goods.
Hence, given the graphical curve, it can be noted when there is a point outside the production possibilities curve of a given society, this means that the goods are unattainable given the resources of the society.
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Answer:
C. New medical evidence has been released that indicates a negative correlation between a person’s beef
Explanation:
The demand for a normal good reacts to price changes as per the law of demand. A reduction in price results in an increased demand for the normal good. If the consumer's income increase, the demand rises. Normal goods are contrasted by inferior goods whose demand reduces with an increase in consumer's income.
A reduction in equilibrium price and quantity for beef could be caused by an increase in the price of beef, reduced incomes, or negative news concerning beef in the market. From the option available, the news concerning the correlation between life expectancy and beef consumption is most likely to affect demand. As a normal good, the demand for beef will decrease because consumers will consider it a low-quality product.
