Answer: Option (B)
Explanation:
Fiat money is referred to as the currency which tends to have no intrinsic value and thus has been further entrenched as money. This process is often carried out by the federal government. This particular type of money does not tend to have the use of value, and only has the value since the authority i.e. the government tends to maintains its value.
Answer:
c. to understand which variables are the cause and which variables are the effect of a phenomenon.
Explanation:
Descriptive research is a research where the population is described or the situation is to be studied. Here the focus is to answer the questions in terms of how, what, where, and when instead of why.
So as per the given optiosn, the option c is incorrect as the option a, b and d represent the descriptive research
So the left option i.e. option c is to be choosen
Answer:
Indicate whether each of the following statements is true or false. Statement True False
1. True
2. False, the gains from specialization and trade are based on comparative advantages.
3. False, sometimes countries need to trade or are forced to trade, and that doesn't always result in both benefiting from trade or everyone in the country benefiting from trade.
4. True, as long as they have different opportunity costs in the production of some goods.
5. False, workers that are employed in importing companies will favor trade since their whole business is based on trade.
Explanation:
Answer and Explanation:
a. The equilibrium quantity for the given two tables is
As if the equilibrium price is $8 so the six consumers i.e bob, barly,bill,bart, brent, betty) are paying more than the equilibrium price and on the other hand six producers (carlos, courtney, chunk, cindy, craig, chad) are accepted the price as the equilibrium price is more than the accepted price
Hence, the equilibrium quantity is 6
b. Now if all the buyers are free to ride so the quantity supplied by private sellers is 0 as the minimum accepted price is more than the willingness price as producers is not able to produced
c. At imposing $2 per bag tax on sellers, the new equilibrium price is $9 as the price rise to $9
Answer:
True
Explanation:
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