The common desire by the lower and middle classes in middle and south america is land reform.
Answer:
C. increases.
Explanation:
When there are more than one choices or alternatives and we choose one alternative among them, then the loss of the potential gain associated with the other alternatives when one choice is taken is known as opportunity cost.
A production possibility frontier is a curve or graph that shows the various amounts of any two products which can be produced when both the products depends on same finite source.
In the context, a society produces two products namely, beer and donuts. As the production possibility frontier moves up, producing more donuts by the society increases the opportunity cost for producing beer as the society produces both donuts as well as beer.
Hence the correct option is (C).
Answer:
Term Lifestyle
Explanation:
Lifestyle is the way people see their self in term of activities, value, interest and their opinion and believe that people see them in the same way.
Although lifestyle are sometimes influence by culture, family and social class.
Therefore Term lifestyle is a person way of
Living his or her life just the way they want it to be and it a way of life of an individual, group, or culture.
What exactly is the question? Comment and tell me it.
Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
