Answer:
A. Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Explanation:
Revenue alludes to the measure of cash your business is accepting as installments from your clients previously any expenses or costs are deducted. It is appeared at the best thing of the pay explanation from which all charges, costs, costs are deducted to get the benefit of the association. Profit is the surplus staying after all out expenses are deducted from absolute income.
Answer:
A)
Explanation:
Inelastic demand means that the demand would not change as price changes. It generally happens for goods that are non-replacable, with little competition, and other factors (e.g. location, short-run) that make the buyer insensitive to the price.
Answer:
B
Explanation:
A command economy, where a government has full control of the production of goods and services, best fits this scenario.
Answer:
groupthink
Explanation:
Groupthink: In social psychology, the term "groupthink" is described as one of the psychological phenomena that generally occurs within a particular group consisting of different individuals whereby the choice related to the conformity and harmony in the given group leads to create or develop dysfunctional or an irrational "decision-making outcome".
It was first utilized by one of the social psychologists named Irving L. Janis during 1972.
In the question above, the given statement is an example of "groupthink".
The answer is "<span>D) Oklahoma".
</span><span>During the time of Great Depression Oklahoma (a state in the South Central region of the United States) suffered significantly. The Great Depression, joined with the Dust Bowl, annihilated numerous homesteads and left a huge number of Oklahomans jobless. Dry seasons and high breezes were slippery on occasion, and because of the conditions in Oklahoma, over 15% of Oklahomans moved to California. A portion of the hardest hit regions were in country Oklahoma. Shanty towns, otherwise called shacktowns, jumped up close numerous urban areas during the Great Depression.
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