Answer:
The effect that causes Corey's quantity demanded of a frozen dinner to increase is known as income effect
Explanation:
Income effect refers to the change in consumption pattern or in the amount of the good consumed as a result of changes in the consumer's utility and purchasing power. Income effect can be positive or negative.
Here, Corey derives some utility from consuming a frozen dinner (an inferior good). Therefore, as the price increases, the income effect will induce Corey (the consumer) to purchase more.
Answer:
A) human capital, physical capital, and technology.
Explanation:
the effect that an increase or decrease in capital per hour worked will cause to the GDP per hour worked depends on the level of technology applied on the production process. New technologies that significantly increase productivity are capital intensive, e.g. automation, artificial intelligence, computers, etc.
The answer to the question above is option A: construction of smaller and less valuable homes. This is the factor that would tend to lower the overall value of the property of most <span> single-family residential neighborhood. The more low value homes built, the more that the values of these properties becomes lower. And in time, these properties' values would lower as well because the quality is also starting to decline.</span>
If, in the market for lattes shown in the figure, the government assesses a tax of $0.75 on each latte, the price the consumer pays for a latte after the tax will increase from $2 to $2.25.
Living things that need to hunt, accumulate and consume their food are called purchasers. Purchasers ought to eat to gain electricity or they will die. There are 4 types of consumers: omnivores, carnivores, herbivores, and decomposers.
A client is someone who buys matters for a non-business purpose, either for themselves or for others. Companies use patron advertising campaigns to sell to purchasers. Campaign messaging makes a specialty of each acquiring capability clients and keeping modern customers.
A customer is a person who's the very last user of an object–a good or carrier. For instance, while you consume, you eat the food. You're the final vacation spot, the final person of the meals, making you a customer of food.
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The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.
- Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.
- However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.
Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
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