The consequences of an economic choice lies in the future is true
The correct answer is C) the fact that people sometimes base perceptions of quality on price (snob effect).
A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by the fact that people sometimes base perceptions of quality on price (snob effect).
In microeconomics, in the snob effect, the demand for some goods that are considered expensive are more demanded. If people that have the money to spend of something assumes that the price of the product is cheap, these people think that the product has low quality. But if the same product is expensive, they consider that the product has quality and is well worth it. That is why, in the case of the college, when the price of tuition increased, people started to trust again in the school and the dorms were full.
Answer:
A
Explanation:
In the early 19th century, British traders centred on the illegal importation of opium into China from India as a means of paying for the British purchases of tea and silk. The British used Chinese objections to opium importation as a pretext to
invade China and forcibly open it to Western trade. Chinese attempts to halt the opium trade, which had caused social and economic disruption, started the first Opium War (1839–42) between Britain and China. Britain’s victory in this conflict forced the Chinese create five treaty ports in which foreigners could live and work outside Chinese legal jurisdiction, trading with whomever they pleased.
Answer:
<em><u>Water vapor freezes into solid ice crystals, and the temperature of the air should be below freezing. The temperature in the sky needs to be above freezing, and water vapor condenses into liquid water. </u></em><em>sentence correctly explains the process and conditions needed for rain to form</em><em>.</em>
Explanation:
hey mate there are two optional
you can choose any
Exchange rate systems in which governments try to keep their currency values consistent with each other are called fixed exchange rate systems.