Answer:true
Explanation: just took the test
Answer:
$470
Explanation:
The calculation of the economy income is given below:
Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it
So here we can see that there is one and only economic activity that took place at the present quarter that is of $470
Therefore the economy income is $470
Answer: b) Supply is inelastic and demand is inelastic.
Explanation: Dead-weight loss is the loss in total surplus when a tax is imposed on a good which restricts demand and supply from balancing. When both the demand and the supply curves are inelastic, the effect of a tax will be lead to a small change in the quantity being traded in the market. Thus, the equilibrium quantity at the taxed price will not fall much and the dead weight loss will therefore, be smaller.
Answer:
The correct answer is option d.
Explanation:
The total economic costs include both explicit as well as implicit costs. The explicit costs are the direct costs incurred and the implicit costs are opportunity costs.
An increase in the opportunity cost will cause the total economic costs to increase. The net benefit is the difference between the total revenue earned and the total cost incurred. An increase in the opportunity cost will cause a net benefit to decrease as total costs will increase.
Answer:
C. Participants in the seminar will hear lectures on a variety of topics: building professional networks, managing retirement portfolios, and maximizing career opportunities.
Explanation:
In English language, colons introduce clauses/sentences which illustrates, explains, expands, or throws more light on the information/sentence that preceded the colon.
They may be used between independent clauses when the second sentence explains the first sentence.
The answer above informed us what participants will hear at the seminar with the help of a colon.
