1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Liula [17]
4 years ago
9

Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc

overed that hamburgers were on sale for $1 each, so Steve bought two hamburgers and a soda. Steve's response to the decrease in the price of hamburgers is best explained by
Business
1 answer:
Tcecarenko [31]4 years ago
7 0

Answer:

The income effect

Explanation:

The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.

You might be interested in
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A worker
a_sh-v [17]

Answer:

Structural unemployment is present in case of A, B, C, and D.

Explanation:

Structural unemployment refers to the situation when the workers are unemployed because of the mismatch between the skills they possess and the skills the employers are looking for.  

Unemployment caused by drought cannot be classified as structural unemployment. The rest of the examples involves cases of structural unemployment.

8 0
3 years ago
In order for the hitch ball to be secured properly, what should be the last part assembled?
Morgarella [4.7K]

In order for the hitch ball to be secured properly, the last part which is assembled is nut.

<span>One should keep in mind that hitch ball and coupler for towing the boat must be of the same size. The standard size of hitch ball nowadays is about 2 inch. There is a proper method in order to install the hitch ball properly so that it will be secured.</span>

4 0
4 years ago
In case of an emergency, once you or someone already on the scene has contacted 9-1-1, the next thing to do is: A) Move them to
Lostsunrise [7]
D check for a heartbeat
4 0
3 years ago
Foreign exchange​ ________ earn a profit by a bidminusask spread on currencies they purchase and sell. Foreign exchange​ _______
Ronch [10]

Answer:

Dealers ; Brokers

Explanation:

Foreign exchange dealers make money or profit by buying stock at lower price and selling the same at a higher price. They do this by adding a markup on the price of stock bought by them and sell the same to a buyer. The markup serves as profit to dealers.

Foreign exchange brokers act as intermediary between buyers and sellers as traders could execute trades through a brokers only. A broker earns profit in the form of commissions and fees earned on executing each transaction.

7 0
3 years ago
If France had positive net exports last year, then it Group of answer choices sold more abroad than it purchased abroad and had
Snowcat [4.5K]

If France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

<h3>What is trade surplus?</h3>
  • When focused simply on trade effects, a trade surplus indicates that a country's goods are in high demand on the global market, which raises the price of those items and leads to a direct strengthening of the home currency.
  • When exports surpass imports, the trade balance (surplus) is positive.
  • When exports are fewer than imports, the trade balance is negative (deficit).
  • When a country exports more goods than it imports, it has a trade surplus.
  • For example, if China exported $1 trillion in products while importing only $200 billion in goods, it would have an $800 billion trade surplus.

Therefore, if France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

Know more about trade surplus here:

brainly.com/question/4126723

#SPJ4

The complete question is given below:
If France had positive net exports last year, then it

A. sold more abroad than it purchased abroad and had a trade surplus.

B. sold more abroad than it purchased abroad and had a trade deficit.

C. bought more abroad than it sold abroad and had a trade surplus.

D. bought more abroad than it sold abroad and had a trade deficit.

7 0
2 years ago
Other questions:
  • One of the appeals of a sole proprietorship is that business expenses are
    9·2 answers
  • In 1993, when Fischer began his tenure at Kodak, the film industry was evolving from one type of change which was slow to anothe
    8·1 answer
  • Of the 500,000 people (age 16+) in a particular country, 300,000 people are in the labor force. Of these, 240,000 are employed a
    8·1 answer
  • Select all that apply. Select all the items that describe advertising.
    9·2 answers
  • Firms earning zero economic profit are
    7·1 answer
  • A limited partnership account is being opened at your firm. The general partner has provided the partnership tax identification
    8·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • HELP IM BEGGiNG YALLL
    11·1 answer
  • Which of the following statements accurately describe the phases of a business cycle? Check all that apply.
    10·1 answer
  • A stock dividend ______. (Check all that apply.) Multiple select question. causes retained earnings to decrease. increases a sto
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!