The kings name is King Stefan
Economics in many cases is an exact science, but usually it is a practical one that has applications. Thus there are some practical goals that need to be answered with the use of economics and an easy to summarize form of them are the five fundamental questions of economics. 3 of the choices above are such fundamental questions; determining the way of production, the receiver of the production as well as the ways in which the economic system can change are of fundamental importance to the science of economics. The other 2 questions are: What products will be produced ? and How can we foster progress?
Choice d is a pretty important question too (that falls somewhat under a) but the fact that it mentions the government specifically makes it less general than the other propositions so it is not a fundamental question.
Answer:
c. dynamic pricing.
Explanation:
Dynamic pricing is when the price of a product is not fixed but flexible. Prices change based on changes in demand. It is also known as surge pricing or demand pricing.
The Coffee Express company reduces its prices on the weekends due to a fall in demand. This is Dynamic pricing.
Cross price elasticity measures the degree of responsiveness of quantity demanded of a good to changes in the price of another good.
The income effect measures how consumption and demand for a product changes when real income changes.
The substitution effect measures how a consumer subsistuites one good for another good when there's a change in price.
Answer:
The total contribution to GDP is $22000.
Explanation:
Two houses contribute to GDP = $10000 + $12000
= $22000 per year.
The GDP refers to the total expenditure on the goods and services produced. Moreover, rent is also included in GDP calculation. Thus the total contribution of two houses to GDP is $22000.
Answer:
The solution according to the given query is summarized in the explanation segment below.
Explanation:
Given:
Face value,
= $508,500
Coupon rate,
= 6%
Bonds mature in years,
= 7
Now,
(a)
Issue price will be:
= 
= 
= 
($)
(b)
Issue price will be:
= 
= 
= 
($)
(c)
Issue price will be:
= 
= 
= 
($)
