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tresset_1 [31]
2 years ago
12

For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two char

acteristics. Rivalrous is also referred to as rival in consumption. Consider only the immediate benefits and costs, not any externalities.
national defense
Pay-Per-View cable television
a Hot Pocket sandwich
private classroom education
pajamas
a unicycle

Excludable
Nonexcludable
Rivalrous
Nonrivalrous
Business
1 answer:
Bad White [126]2 years ago
7 0

Answer: PLEASE  see below for answer

Explanation: An excludable good is referred to as a private good which restrict people from using them while a non excludable goods are public goods that do not place restriction an so  people can access them eg park .

Also, Non-rivalrous goods are those goods that even though consumed by the people will not cause shortage of the  availability of the same goods to others.   A rivalrous good is the opposite as it causes shortage in availability  to others when used.

National Defence----Non excludable and Non Rivalrous

Pay-Per-View cable television---Excludable and NonRivalrous

a Hot Pocket sandwich--- Excludable and Rivalrous

private classroom education--- Excludable and Rivalrous

pajamas--- Excludable and Rivalrous

a unicycle ---- Excludable and Rivalrous

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The medicine should be taken with food

Explanation:

Drugs work effectively when taken with food

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3 years ago
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Strike441 [17]

Answer:

high,high

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below

Explanation:

According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too high, thus labor demand is too high.

Real wages decline as nominal wages are adjusted. As a result, the economy returns to full employment

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As people observe the lower price level, the economy returns to the long-run aggregate supply curve.

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6 0
3 years ago
Why are conflicts of interests a problem in business?
Nesterboy [21]
<span>Conflict of interest is a very big issue when it comes to business because it may cause wrong decisions. For example, you are business partners and each one of you have different interests and ideas, thus you will not be able to formulate better ideas and create a good business product. It is very important that in a business, you and your business partner must agree in 1 idea and push it through until it become a good product.</span>



3 0
3 years ago
If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the num
goldenfox [79]

Answer:

Unemployment rate is 25%

Explanation:

The percentage of people eligible for job and not currently involved in paid work or self employed and available for work as well is called rate of unemployment. It is the percentage of people who is not currently woking seeking the job.

Labor Force = Employed persons + Unemployed persons

Labor Force = 24 million + 8 million

Labor Force = 32 million

Unemployment rate = ( Unemployed persons / Labor force ) x 100

Unemployment rate = ( 8 million / 32 million ) x 100 = 25%

3 0
3 years ago
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