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Nonamiya [84]
3 years ago
9

A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

n, it served a small community that would now have to travel another 20 miles to the nearest grocery store. With help from a local realtor and banker, the couple purchased the store, remodeled it, and reopened it. As new storeowners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called:A. an economic intervention.
B. an economic crisis control.
C. the invisible hand.
D. the deliberate process.
Business
1 answer:
Zina [86]3 years ago
8 0

Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776).

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Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to b
Lelu [443]

Answer:

Liquor consumers

Explanation:

Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.

Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.

The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.

If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.

If taxes are imposed on suppliers, the quantity supplied would fall more.

Therefore , the burden of tax can be passed on more to consumers.

I hope my answer helps you.

3 0
3 years ago
Minimizing the risk is the most important principle in the television business. True, or False?
Sergio [31]
<span>Minimizing the risk is the most important principle in the television business. So True.

</span>
5 0
3 years ago
Ross company paid current month's rent, $1300. which accounts are affected​
telo118 [61]
The accounts affected are Ross company and rent account
3 0
3 years ago
A salesperson is trying to sell you a phone that has 16 GB of memory saying, "that’s enough space to record an hour of high qual
borishaifa [10]

Answer:

The salesperson is not providing any information about what high quality means (resolution of video). Overall the option B is correct.

Explanation:

Firstly, the salesperson is not providing any details of video quality so he lacks here. The second reason that the information is inadequate is calculation is required for the consumption of memory by 720p and 1080p video. The video 720p consume almost below 4 GB for an one hour of video captured by an iphone camera. This means it posses space for 4hrs (16GB/4GB) of video so the option B is correct.

4 0
3 years ago
A senator renounces his past support for protectionism: "The U.S. trade deficit must be reduced, but import quotas only annoy ou
Marat540 [252]

Answer

FALSE

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
2 years ago
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