The correct answer is A. Excludable and rival in consumption
Explanation:
In economics, one service or product is classified as excludable if it requires individuals to pay for it. This means the product or service can not be accessed by all people but only by those who pay. This applies to food, and therefore to pizza because you need to pay for it.
On the other hand, a product or service is rival in consumption if it can be enjoyed by only one consumer; this means, they can be used only once or they cannot be used by multiple consumers at the same time. This rivalry applies to pizza because once a person has eaten the pizza this product is no longer available. Thus, a pizza is "excludable and rival in consumption".
Answer:
The basic cause of Peloponnese war was that Sparta was jealous of the rising wealth of the Athens. The jealousy kept on increasing and it made the war inevitable.
Explanation:
The basic cause of the Peloponnese war was that Sparta was jealous if the rising wealth and influence of Athens. Sparta felt threatened that their stature and glory was diminishing.
Athens, indulging in its rising power and wealth, started bullying its allies and enemies. Athens increasing wealth got to its head. It started causing great troubles within.
Answer:
A hotel employee asks customers who are checking out to rate their satisfaction on a scale of 1-10. This is an example of collecting primary data. The given statement is
Explanation:
- Primary Data is such type of data that is collected from primary source like customers of a hotel using the method of survey, interviews etc.
- In the given example, the hotel employee is taking the feedback of customer to check their satisfaction with the services. The scale defines the satisfaction of customer from 1 to 10.
- If a customer gave a rating of 1 then the customer is least satisfied with services and 10 rating will indicate the complete satisfaction of customer.
- This data will make the hotel to improve their services as well as their business.