Answer:
A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.
True
Explanation:
Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.
Answer:
Letter c is correct. <em><u>Higher than the total output that would be produced if the market were a monopoly but lower than the total output that would be produced if the market were perfectly competitive.</u></em>
Explanation:
An oligopoly is a market situation that occurs when there are a small number of companies that dominate the supply of a particular product or service in a sector of the economy. It can occur naturally or structurally, and the purpose of this market configuration is to have greater competition and price control, so that there is greater profitability.
This scenario is characterized by imperfect competition, which is similar to the monopoly market, but in oligopoly production is higher than in monopoly, because there is more than one supplier of the same product. And production in an oligopoly is lower than in a perfectly competitive scenario where there are many suppliers and none have the ability to affect market price.
Answer:
d.
Explanation:
Criminal law is a branch of the United States Justice System which deals with all types of crimes. Criminal law is mostly concerned with wrongs committed against the public as a whole. Such crimes include anything that can be perceived as being threatening or harmful to the property, health or safety of the population or an individual.
Answer: y = 3.14
Explanation:
Given the line x = -5
x = -5 represents a vertical line
A line perpendicular to the vertical line x=-5 will be an horizontal line.
Given the points (1, 3.14)
x = 1, y = 3.14
According to the slope intercept equation;
y = mx + c
Where, c = intercept, m = slope
Horizontal lines have a slope of 0,
Therefore,
y = 0(1) + 3.14
y = 3.14
Therefore, equation of the line which is perpendicular to x = -5 and passes through the point (1, 3.14) is y = 3.14
Structural unemployment can be caused by all of the following except fluctuations in the business cycle.
<h3>
What is Structural unemployment ?</h3>
Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.
Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs. Structural unemployed is caused by changes in the economy, such as deindustrialization, which leaves some unemployed workers unable to find work in new industries with different skill requirements.
This type of unemployment happens because though jobs are available, there's a mismatch between what companies need and what available workers offer.
For example, employees who produce a specialty clothing product that suddenly is no longer a trend might lose their position producing this specific product, causing structural unemployment.
To learn more about Structural unemployment , refer
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