Answer: 1.60
Explanation:
P1 = 30
P2 =50
Q1 = 6
Q2 = 16
Elasticity of supply:
= 1.60
Using the midpoint method, the elasticity of Deborah’s labor supply between the wages of $30 and $50 per hour is approximately 1.60, which means that Deborah’s supply of labor over this wage range is elastic.
4 is confidence and I think 1 is being organized
Answer:
1. The chance to play the latest video game with your roommate while you were at the concert
Explanation:
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
The opportunity cost of attending the concert is the activity that could have been done if one didnt attend the concert which is playing video games.
I hope my answer helps you.
Answer: automatic stabilizers
Explanation:
Automatic stabilizers are the provisions in the law that automatically increase government spending or decrease taxes when real output declines.
It should be noted that automatic stabilizers can be used to reduce recession impact on people by helping them to survive even when there is a job loss.
The ability of the president to veto a bill passed by congress is a good example of the checks and balances principle of limited government.
The Checks and Balances system gives each arm of government its own authority to check the others and prevent any one branch from gaining excessive power.
<h3>What is the importance of checks and balances?</h3>
In organizations, checks and balances can assist cut down on errors and avoiding improper conduct. The concept of checks and balances is most frequently applied to governmental structures, such as the executive, legislative, and judicial branches of the U.S. government.
A system in which each component of an organization, such as a government, has the ability to influence and regulate the others in order to prevent any one component from gaining undue power.
Since Congress manages the funds used to finance all executive activities, it holds the power of the purse. Federal officials are nominated by the president, but their confirmation by the Senate is required.
Learn more about Checks and Balances here:
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