Answer: Public Goods
Explanation:
Here, in this particular scenario the police service used by DeVonda is referred to as the<em> public good</em>. Under the discipline of economics, the public good is referred to as the good which is non-excludable and non-rivalrous. This means that any individual will not be excluded from the utilization of the commodity and under which the usage does not tend to decrease it's availability to the other individuals. Therefore the commodity can further be adequately utilized by more than just one individual.
Answer:
a. The ads adjust to available screen space when delivered.
Explanation:
"Responsive Display Ads" are considered the default format being used by Google Ads. This allows the advertiser to have more creativity when it comes to controlling their ads. Through the "machine learning technology," an artificial intelligence tool, the computer is able to learn about the things that correlate to the buying ability of the user. This will then automatically display the things or products which the users want.
The ads are capable of adjusting in order to fit any size, appearance or format. This means that they can adjust to available screen space. This is the reason why you can see one advertisement of a product as a banner while the other as a text.
So, this explains the answer.
Answer:
C) The Japanese will sell steel at a lower price abroad than they will charge domestic users.
Explanation:
Since the price elasticity of demand (PED) is higher abroad than in Japan, by exporting at a lower cost, the company is increasing the quantity exported in a greater proportion than it would if it sold the steel locally.
Price elasticity of demand (PED) measures how much does the quantity demanded of a good changes in proportion to a change in its price. For example, if the price increases by 10% but the demand only decreases by 5%, the PED is inelastic (= 5% / 10% = 0.5).
When
- PED < 1, it is inelastic
- PED > 1, it is elastic
- PED = 1, it is unitary