Answer:
Savings rates decrease as income increases.
Explanation:
Consumption can be defined as the use of goods and services by the household or end users.
The true and correct statements about consumption are;
1. Wealthy people consume more than other people.
2. Expectations about future prices affect consumption.
3. Tax increases reduce consumption.
The incorrect statement concerning consumption is that, savings rates decrease as income increases because an increase in income generally result in an increase in savings rates.
Freelance entrepreneurs, bounty hunter, and factory worker.
Answer:
Depression
Explanation:
A business cycle is defined as the period that occurs between a boom and a contraction in an economy. A boom is rapid economic growth while a contraction is a period of slow economic growth.
There are 6 stages of business cycle: expansion, peak, recession, depression, trough, and recovery.
A recession is the early stage of a contraction in which demand for products start to decline and prices fall.
After a recession is depression. In this stage economic growth declines further, unemployment increases, consumer confidence is shaken and consumers reduce spending
Answer:
A) Economies of scale
Explanation:
Producing natural gas is very expensive and requires a large investment. The costs and risks of the processes involved in the upstream and downstream of natural gas discourage competition. Besides requiring a large initial investment, a drilling company can never be 100% sure that they will be able to find and extract natural gas or petroleum. So besides having to spend a lot of money, you are assuming a great risk.
Even if a competitor finds natural gas, in order for the downstream process to be profitable, they must be able to extract a large volume to achieve economies of scale.
