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2 years ago

Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

1 answer:

7 0

True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.

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If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in quantity demanded of 25 percent, we say

Ierofanga [76]

Answer:

Elastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

25% / 20% = 1.25

If the elasticity of demand is greater than one ,it means demand is elastic.

Elastic demand is when a change in price leads to a greater change in quantity demanded.

I hope my answer helps you

3 0

2 years ago

If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i

Gala2k [10]

Answer:

Explanation:

Increase in money supply ($ billion) = Increase in reserves / Reserve ratio

Increase in money supply ($ billion) = 150 / 0.1

Increase in money supply ($ billion) = 1,500

Increase in price level = (Increase in money supply / 100) * 0.2

Increase in price level = (1,500/100) * 0.2

Increase in price level = 3%

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2 years ago

A customer with no other mutual fund investments wishes to invest $47,000 in the XYZ Technology Fund. If the Class A shares are

77julia77 [94]

Answer:

The correct answer is (D)

Explanation:

If a customer wants to invest the agent must place the order as instructed. The agent must give all the information to the customers regarding the break-even discount. The complete information should include the ways through which the customer can earn the break-even discount. The agent should place the order and tell every opening and aspect of invest to the customer.

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2 years ago

Euphrasia, a mixed open economy, was severely affected by a recession that almost paralyzed its service sector. The Euphrasian

Flura [38]

Answer:

E) Oil imports declined as countries exporting oil reduced supply.

Explanation:

Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

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2 years ago

Suppose the economy is in a recessionary gap. to move equilibrium aggregate output closer to the level of potential output, the

prisoha [69]

The best option is to decrease taxes.

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2 years ago