Job b will go out of business sooner if their profit is the same as A
Answer:
a. budget constraint intersects the vertical axis at 25 beers.
Explanation:
A budget constraint shows all the combinations that a consumer might purchase of two given products or services. The total consumption can be represented by a consumption possibilities frontier curve:
- originally you could purchase 50 beers or 5 hot wings
- then as the price of beer increases to $2, you can only buy 25 beers or 5 hot wings
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
The correct answer to the given statement that "A service and physical good are similar in terms of uniformity of inputs" is:
<h3>What is a Good?</h3>
This refers to the physical item which has value and can be bought and sold in a market place.
With this in mind, we can note that a service has to do with the non physical value driven thing which is rendered based on demand and this service and physical goods are NOT SIMILAR in terms of uniformity of inputs because the manufactures does not have more control on the amount of variability.
Read more about goods and services here:
brainly.com/question/25262030
If data indicates the economy is in recession and members of Congress are working to pass legislation to encourage economic growth, then recognition of change in the economy has almost certainly occurred. Recognition of change in the economy involves massive capital migration from one industrial sector to another, from one community to another, and even from one nation to another.
