<span>The river as a natural boundary is more efficient than traditional fencing is a net advantage because you don't have to repair it. The costs are therefore lower. A fence can be easily broken if people want to get over it. A river, if it is wide, is harder to get over.</span>
Answer:
The retirement costs are rising faster than social security benefits .
Explanation:
The various costs related to retirement are:
- The travelling costs can increase as the retired people tend to travel often in their idle time.
- The costs related entertainments increase as they have time to engage in their hobbies
- Socialization costs: Socialization ends with eating out alot and this affects the wallet
- Health insurance premiums
- Medical expenses are increasing at a tremendous rate
- Long term care : Continuing long term care is proving to be quite expensive for retired people
Answer:
The correct answer is: increase; not change; option ii.
Explanation:
An increase in the cost of production would lead to an increase in the price of rollerball pens, this will cause the quantity demanded to decrease. This decline in the quantity demanded will be indicated by an upward movement on the same demand curve. There will be no shift in the demand curve.
As the price of rollerball pens will increase, the consumers will prefer the cheaper substitute. This will cause an increase in the demand for ball-point pens.
The rollerball pens and ball-point pens are substitute. This means that they can be used in place of each other.
The likely reason as to why the market will overproduce
goods that have external cost because of the fact that the producers experience
a lower cost compared to the society making the market produce an overproduction
of goods associated to external costs.
