Answer and Explanation:
a. Common access card (CAC)
Answer:
The correct answer is option b.
Explanation:
The simplest circular flow model includes only two sectors of the economy.
- Business
- Households
The resources flow between these two sectors. Households possess factors of production such as land, labor, capital and, human capital. Businesses hire these factors of production to produce goods and services and pay factor payments in return. These factor payments are rent, wages, interest, and profit.
The businesses use these factor inputs and produce goods and services which are purchased by the households. The households pay consumption expenditure in return.
Answer:
D. Diversity management
Explanation:
Diversity management refers to a company's will to promote inclusion of various employees of different background into the company's structure. When done effectively, it aids creative thinking process and innovations.
ALT inc. Would want a law firm that supports diversity as much as they do because for the law firm to he included in their structure, it needs to have thesame beliefs about the company's structure in order to have a good working partnership.
Answer:
The correct answer is the option C: Downward sloping.
Explanation:
To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.
Answer:
b. The mayor would be correct if demand were price inelastic; the city manager would be correct if demand were price elastic.
Explanation:
-An elastic demand is when the change in the price generates a high percentage change in the quantity demanded.
-An inelastic demand is when the change in the price generates a low percentage change in the quantity demanded.
According to this, the answer is that the mayor would be correct if demand were price inelastic because the increase in price won't generate an important change in the demand which allows to increase the revenues and the city manager would be correct if demand were price elastic because the decrease in the price would generate a higher change increasing the demand which can allow to raise revenues.