In a command economy, it is the b) government who decides what goods will be produced.
Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Answer:
A
Explanation:
Because I don't want to be in your house.
Consumers’ desire to control their information environment is a reason for advertisers to divert their funds from traditional media.
C) Consumer's desire to control their information environment.
<u>Explanation:</u>
Earlier the information sources were limited and the audience didn't have many options to choose from. The elites and literates would opt for print media and the common audience would opt for radio and other medium of information.
The advertisement agencies would also target the audience based on the information source. Bit with the growing technological advancement, the consumer can now choose their own preferable source of information and hence the advertisers diverted their funds from the traditional media.
Answer:
A. a good is initially produced by producers with higher opportunity costs and eventually produced by producers with lower opportunity costs
Explanation:
The production possibility frontier is a curve that shows the two combinations of goods and services produced in an economy.
Because of trade a country can specialise in the production of goods for which it has a lower opportunity cost in its production and import goods for which it has a higher opportunity cost.
This makes the ppf bowed out as the country produces more of the good for which it has a lower opportunity cost and less of the good for which it has a higher opportunity cost.
I hope my answer helps you
