Answer:
Every society, regardless of its political structure, must develop an economic system to determine how to use its limited productive resources to answer the three basic economic questions of what, how, and for whom to produce
Explanation:
Answer:
In 324, the ancient city of Byzantium was made the new capital of the Roman Empire by Emperor Constantine the Great, after whom it was renamed, and dedicated on 11 May 330.[6] From the mid-5th century to the early 13th century, Constantinople was the largest and wealthiest city in Europe
Explanation:
Answer:
yes his consumption could change
Explanation:
His consumption of pizza could change since he might need to consume less pizza to afford more tacos. We could use the marginal rate of substitution to explain this where we describe how much goods one is willing to give up for the other while retaining maximum utility/satisfaction. So Jonny may be asked here what combination of tacos and pizza would give him same satisfaction while keeping good budget and retaining satisfaction.
