A working family is a family in which the main source of income are the combined wages. Increase in wages will gladden the family while they will be saddened by the increase in prices change. On the other hand, they will be saddened by the decrease in wages and enjoy the decrease in prices of primary goods.
Explanation:
The Intolerable Acts were punitive laws passed by the British Parliament in 1774 after the Boston Tea Party. The laws were meant to punish the Massachusetts colonists for their defiance in the Tea Party protest in reaction to changes in taxation by the British Government.
Answer:
Option “A” Increase, output to increase, price to decrease, and profits to decrease.
Explanation:
Option A is the correct answer because the purely competitive industry is the one in which there are free entry and exit of firms. Generally, firms enter when there is economic profit in the industry. In this way, the economic profit of the industry will attract new firms to enter the industry. Accordingly, new firms will enter the industry. As a result of the entry of new firms in the market, the supply of goods and services (industry supply) will increase which will result in a decrease in the prices of the commodity. This decrease in price will result in lower profit.
Answer:
I know this one. It's gotta be the coronavirus! Right?
Answer:
C. The parties with a larger number of customers are associated with the longer times elapsed until the party left the restaurant.
Explanation:
The relationship between the number of customers in a party and the time elapsed until the party left the restaurant is linear, that is, the parties with a larger number of customers are associated with the longer times elapsed until the party left the restaurant.
The number of customers in a party at the restaurant and the time elapsed until the party left the restaurant is strongly, positively correlated.
