Answer:
Competitive supply market, substitution is possible, price per unit is important.
Explanation:
A portfolio matrix is a chart used to define products in terms of both the growth in their industry and their specific market share.
The vertical axis of the chart is for growth in the industry, and the horizontal axis is for the market share of the specific product within that industry.
Jean-Jacques Rousseau (<span>/<span>ruːˈsoʊ</span>/</span>;[1] French: [ʒɑ̃ʒak ʁuso]; 28 June 1712 – 2 July 1778) was a Genevan philosopher, writer, and composer of the 18th century, mainly active in France. His political philosophy influenced the Enlightenment across Europe, as well as aspects of the French Revolution and the overall development of modern political and educational thought.
Rousseau's novel Emile, or On Education is a treatise on the education of the whole person for citizenship. His sentimental novel Julie, or the New Heloisewas of importance to the development of pre-romanticism[2] and romanticism in fiction.[3] Rousseau's autobiographical writings—his Confessions, which initiated the modern autobiography, and his Reveries of a Solitary Walker—exemplified the late 18th-century movement known as the Age of Sensibility, and featured an increased focus on subjectivity and introspection that later characterized modern writing. His Discourse on Inequality and The Social Contract are cornerstones in modern political and social thought.
During the period of the French Revolution, Rousseau was the most popular of the philosophes among members of the Jacobin Club. He was interred as a national hero in the Panthéon in Paris, in 1794, 16 years after his death.
Answer:
The answer is a. It is the combination of products that society most desires.
Explanation:
Allocative efficiency means that the particular mix of goods being produced that is, the specific choice along the production possibilities frontier represents the allocation that society most desires.
Answer:
Journal entries:
Explanation:
For recording the purchase of goods of credit
Inventory dr. 2000
Accounts payable cr. in the name of the vendor 2000
For recording the return of goods purchased
Account payable dr. in the name of the vendor 2000
Inventory cr 2000
<span>If the MPC is 0.70 and investment increases by $3 billion, the equilibrium GDP will increase by $10 billion.
The GDP is the Gross Domestic Product and the MPC is the marginal propensity to consume. The MPC tracks that a raise in pay will increase consumers spending on goods and services. If there is an increase in spending budget, then the GDP will increase because of more spending power.
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