Even though gold is more expensive, it is not needed to survive like water. Water not only keeps you hydrated, it is used to grow crops, which can be sold for money which can buy gold or be more useful than gold or be eaten to once again, survive. Water is used and needed everywhere and by everyone that when it comes down to it, is it more valuable than gold.
Answer:
Option d, Predictability
Explanation:
George Ritzer is a sociologists developed the principle of McDonaldization in 1993 in his book 'The McDonaldization of Society'. These principles are characteristics of McDonald's and other fast-food restaurants. Ritzer identifies four principles:
- Predictability
- Calculability
- Efficiency
- Control
Predictability is the prediction of food menu. Food menu is same through out the stores of same restaurant. Building, decorations and uniforms are also the same through out the stores.
So, among the given options, predictability is the correct option.
Answer:
Her sample is not representative of college students as a whole
Explanation:
Lucy just distributed the survey in three of her classes and this is not encompassing enough hence cannot be used to draw a conclusion on the population. She could have gone across different sections of students in the college and make the selection such that every part is duely represented, after which she can conduct her survey.
The deli industry is monopolistically competitive. If some delis leave the industry, Toby's <u>demand</u> curve will shift <u>right</u>.
<u>Explanation</u>:
Monopolistic competition is similar to perfect competition in that firms in both market structure. In monopolistic competition the firms earn zero economic profits in the long run.
One of the best examples for monopolistic competition is gas station.
The demand curve is the graphical representation of the relationship between the cost of the goods or services and the quantity demand for the product for specific period of time.
Shifting of the demand curve to right shows that there is increase in demand for the product.
Answer:
D. European countries made money by sending resources back to their home country to sell
Explanation:
Mercantilism is an economic policy that is designed to maximize exports and minimize imports for an economy.
