Answer:
It's kind of hard to define a lifestyle because everyone's different, no one has the same routine, what's important is to be yourself, take your time, don't rush because if you rush your likely to mess up then if you aren't rushing.
Explanation:
Answer:
b. rise in demand results in an increase in price
Explanation:
Price elasticity of demand in economics measures the degree of the responsiveness of the quantity demanded of a good or service to increase in its price.
Therefore reverse elasticity will be the measure of the degree of responsiveness of price to changes in quantity demanded.
Therefore in the options given in the scenario, an increase in price resulting from a rise in demand is most likely the appropriate definition of a reverse elasticity
Answer:
Dutch Auction
Explanation:
The type of auction that is being described is called a Dutch Auction. Like mentioned in the question this is a type of auction in which the buyer initiates the process by submitting a description of the desired product or service, and when selling a high asking price is set and lowered until a participant accepts or the reserve price is met.
Answer: See explanation
Explanation:
1. The participation of women in the U.S. labor force has risen dramatically since 1970.
A. True
2. This rise likely decreased GDP in the United States.
B. False
The above is false. This is because a rise in the participation of women in the labor force would lead to the increase in production in the country and this will bring about a rise in the gross domestic product as well.
3. Now imagine a measure of well-being that includes time spent working in the home and taking leisure.
There'll be a reduction in the measure of well being. This is because more women would have joined the labor force which would have reduced the time spent working in the home and taking leisure.
4. The change in this measure of well-being would be less than the change in GDP.
The measure of well being would fall as more women would work and leisure would reduce. Ultimately, the GDP would rise since there would be an increase in production activities.
