Answer:
What to produce?
Explanation:
A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.
Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.
Answer:
The correct answer is option A.
Explanation:
In the time of recession expansionary policy is required to boost the economy. An expansionary fiscal policy such as a reduction in tax will be helpful. A tax cut will cause an increase in disposable income. This will cause aggregate demand to rise. Consequently, output and employment will increase.
Similarly, in times of inflation, a contractionary policy will be required to eliminate inflationary pressures. A decrease in government spending would lead to a decrease in aggregate demand. This will cause the price level to get reduced.
Thus an economist would recommend tax cuts in case of recession and reduction in government spending in case of inflation.
Answer:
Technological advancement
Explanation:
Technological advancement is a method that is used to make production process more efficient without increasing the labour that is used.
It involves the use of technology to increase efficiency of the production process.
This makes it possible for SmartTech to produce more product and services with less people.
They are investing more in technology than in human labour.
Answer:
The answer is: C) There is a valid contract
Explanation:
According to Appellate Court ruling in Steinberg v. Chicago Medical School;
The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.
Answer:
$1454.99
Explanation:
Just did this question the other day
