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Bingel [31]
3 years ago
14

The national defense of the United States is not rival because

Business
1 answer:
MrRissso [65]3 years ago
4 0

Answer: Option (A) is correct.

Explanation:

The national defense of a nation is considered as a public good. We know that public good has two major characterstics that are non-rival and non-excludable.

Non-rival goods refers to the satisfaction level or the utility obtained from a particular good will not reduce from one person's consumption. The amount of good available to other individuals remains the same.

Therefore, if one person is enjoying national defense then this will not reduce the satisfaction level obtained from the national defense for the other individuals.

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Answer:

According to the numbers in the article

smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.

Explanation:

Inelasticity means that price changes do not affect the demand for smoking among adults.  When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic.  In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.

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It generates huge employment opportunities. This has changed the face of retailing in India. As the sector is booming in India, a career in retail sector is promising a growth potential for the ambitious youngsters.

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Hope it helps

8 0
3 years ago
In a fee-for-service health insurance plan with a $6,500 annual deductible, _____.
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A.

Explanation:

3 0
2 years ago
Colleen and Judy purchased a dilapidated townhome in an estate sale. Due to their fix-up work and the current economy, the prope
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The correct answer is The covenant of warranty.

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