Answer:
d. All of the above are correct.
Explanation:
Economists are scientists who study the processes of production, distribution, accumulation and consumption of material goods. They also look for factors directly related to restraint or moderation in spending, and factors related to savings. Economists study the notion of how societies use resources to produce valuable goods and how these goods are distributed among individuals.
Based on this, we can say that economists would study whether the US unemployment rate has fallen by two percentage points in recent years, but we can also say that they would study the following situations:
- Mitch chooses to work overtime to earn extra income for his family.
- Megan sells her physics textbook last semester to her roommate for half the price of a new textbook.
Answer:
a) Hotel Rooms are inelastic because hotel rooms are fixed in supply and it take large amount of time to expand the number of rooms. (b) Taxi rides are elastic because the ride increase or decrease their duty time according to...
Explanation:
Answer:
3) The fact that rats that consume more sugar have higher body masses is not due to chance.
Explanation:
A diet high in added sugars, such as sweetened drinks, snacks, pastries and sugar cereals, is a factor that contributes in excess weight gain and medical problems, including obesity. It doesn't happen by chance as there is a direct correlation between them.
