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Juli2301 [7.4K]
3 years ago
15

One of the main ideas of economics is that every choice made involves a cost

Social Studies
1 answer:
tester [92]3 years ago
4 0
Yes, it is true that one of the main ideas of economics is that every choice made involves a cost, since we live in a world of limited resources. 
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Bob enters a contract with well-known artist Jerry. Jerry is paint Bob’s portrait. Bob pays the agreed upon price. Jerry then de
lapo4ka [179]

Answer:

The duties under the contract are agreement, consideration, legality, and capacity.

Explanation:An assignment of contract occurs when one party to an existing contract (the "assignor") hands off the contract's obligations and benefits to another party (the "assignee"). Ideally, the assignor wants the assignee to step into his shoes and assume all of his contractual obligations and rights. In order to do that, the other party to the contract must be properly notified.

8 0
3 years ago
Why does even a free market economy need some government intervention?
Kisachek [45]

Answer:

Because even if the free market system is the most efficient economic system that humanity has found, it sill can produce some undesirable effects for society that need government intervention in order to be corrected.

Explanation:

For example, in the free market, if a company is more efficient than its competitors, it can become a monopoly, and monopolies affect consumers because they can set prices higher than normal.

Also, in a free market economy, even if many goods and services are produced, and both output and income rise, some people will still be left behind in poverty. It is a socially desirable thing to help the poor in order to keep society more harmonious and just.

6 0
3 years ago
Personality psychologists are concerned with ______________ in a given situation.
emmasim [6.3K]
Personality psychology<span> is a branch of </span>psychology<span> that studies </span>personality<span> and its variation among individuals. Its areas of focus include: construction of a coherent picture of the individual and their major psychological processes. investigation of individual psychological differences.</span>Personality psychologists are concerned with  personality and its variation among individuals <span>in a given situation.</span>
8 0
3 years ago
How does a command economy differ from a mixed market economy?
Lunna [17]

Answer:

In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.

Explanation:

In a command economy (ie. communism), the government controls means of production and owns all if not most of the property.

Hope this helps:)

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3 years ago
What is the major difference between owner-occupied housing and
Andrew [12]

Answer:

D. Who lives there

Explanation:

7 0
4 years ago
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