Answer:
traditional interaction.
Explanation:
Based on the information provided within the question it can be said that in this scenario the kind of interaction that has occurred is known as a traditional interaction. This refers to the everyday social exchanges that occur in our lives, such as greeting someone, paying for groceries, answering the door, accepting packages, etc.
11. Correct answer choice is:
Physical capital
Explanation:
In economic science, physical capital refers to an element of production (or input into the method of production), like machinery, buildings, or computers. In economic theory, physical capital is one in all the 3 primary factors of production, additionally referred to as inputs production function. Most significant, as corporations invest in physical capital, the whole country edges. The bigger productivity ensuing from investment in physical capital ends up in the economic process and therefore the potential for a better customary of living.
12: Correct answer choice is:
How should it be ensured that goods and services are paid for?
Explanation:
This is not an economics question, rather it's about the business owners' dealing related to the money recovery of their products. Economics only deals with how whom, and when to produce any product. It's not their concern whether the money is paid to the business owners or not.
Answer:
<em>The Rationality Assumption.</em>
Explanation:
The assumption of rationality is <em>the belief that people will choose something which will increase efficiency from a series of decisions; this advantage is prone to interpretation and it can be based on actual economic profit, benefit to society, and a multitude of other things.</em>
Economists often presume reason when interacting with theory and devising mathematical and statistical models to explain behaviour. It is safe to assume in many cases, such as a straightforward supply / demand model, that people will behave on basic moral standards such as a cap on desire to pay.
Answer:
Because you chose to go to college instead of working, your opportunity cost is actually the sum of your college expenses plus the money you could have earned had you chosen not to work.
Explanation:
There are five main categories of expenses to think about when figuring out how much your college education is really going to cost: tuition and fees, room and board, books and supplies, personal expenses, and transportation. You can control some of these costs to some extent.
