The answer is a lower-priced brand of coffee a substitute goods is the type of goods that customers could use as a replacement for other similar products.In this particular case, if the customers do not have enough purchasing power to buy the expensive coffee, they could replace the choice with the cheaper one that exist within their price range.
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Answer:Debit utility bill expenses account $860
Credit utility bill payable account $860
Explanation: wood company will recognize utility bill expense of $ 860 in the financial statements of the previous year the expenses was incurred even though it was paid in the next accounting period as it relates to the current period.
B. Hidden curriculum
Conflict perspective sees education as perpetuating social class divisions. Marxism seeks to close all gaps, keeping the masses level.
Answer:
- a. the changes that take place within an economic system as a whole.
- c. the challenges that economic systems face, such as inflation and unemployment.
- d. patterns of change within an economic system, as seen through economic models
Explanation:
Macroeconomics is concerned with the economy as a whole not just individual interactions between market participants. Problems such as inflation and unemployment affect the entire economy which is why it falls under macroeconomics.
With macroeconomics focusing on the economy as a whole, it shows the changes that an economy goes through over the years and this can usually be explained by economic models.
