Usually the government will at the end of each cycle
The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.
The type of hazard presented by an <em>insured failing to salt and shovel her sidewalk after a snowstorm is</em>; Morale hazard.
Discussion:
A hazard in the context of insurance describes anything that increases the potential for the occurrence of a loss. (An unintended, unforeseen event that causes injury to an insured or damage to property)
On this note, hazards are classified as one of four types:
A morale hazard, results from unintentional carelessness or laziness just as in the case described in the question.
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<span>The action in 2008 in which milk prices increased and one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car represents </span>movement along the demand curve for milk.
<span>Movement along the demand curve usually occurs when the manufacturer raises or lowers the price of the product.</span>
Answer:
The correct answer is option b.
Explanation:
In an economy resources are scarce and have alternative uses. A production possibilities frontier shows the different bundle of two goods that can be produced using all the given resources and technology. The points on the curve show allocative efficiency. This means that the resources are effeciently allocated. So to increase production of one good we need to decrease production of other because all the resources are being employed already.