Answer:
Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify.
Answer:
b. false.
Explanation:
because it is presented in certain legal contracts as an estimate of otherwise intangible or hard-to-define losses to one of the parties. It is a provision that allows for the payment of a specified sum should one of the parties be in breach of contract.
Answer:
<u>Cyclical unemployment</u> is 0% as the unemployment is in equilibrium, so it is no recession or boom.
<u>Structural unemployment</u><u> </u>is 20/500=4% There workers are not able to find jobs which is possible with their skill sets, thus it is part of structural unemployment,
<u>Frictional unemployment</u> is 10/500=2% as there is a time lag in finding the job they want and this is due to that.
Answer:
The correct answer is option a.
Explanation:
An increase in the price of inputs of production will cause an increase in the cost of production. The firm will now be able to produce less at the same cost.
As a result, the supply of the commodity will decline. this causes the supply curve to shift to the left further causing an increase in the price of the product.
Honestly I would say being an entrepreneur is the most complex and difficult to form, especially if you're trying to build from the ground up it can take a matter of 4-5 maybe more years, this isn't a "answer" ore of an "opinion."
Hope this helped though!
