Answer:
1. Households decide to save a larger share of their income. - Aggregate-Demand Curve
If households in the economy started saving more of their money then this would leave less money for consumption which is one of the components of Aggregate Demand. When Consumption decreases so also will Aggregate Demand thereby shifting the Aggregate-Demand Curve to the left.
2. Florida orange groves suffer a prolonged period of below-freezing temperatures. - Short-run Aggregate Supply Curve
With the Florida Orange Groves suffering from below freezing temperatures, the oranges will not grow as much leading to a poor harvest. This will reduce the supply of oranges in the economy and shift the short-run Aggregate supply curve left.
3. Increased job opportunities overseas cause many people to leave the country. Both Aggregate-Demand Curve and Short-run Aggregate Supply Curve.
With less people in the Economy, there will be less people spending on goods and services which will cause the Aggregate Demand curve to shift to the left.
Also with people leaving the country, the labor force will decrease which will mean that less people are available to produce goods and services so the short-run Aggregate supply curve will shift left.
Answer:
Mexico's speciality is the manufacture of high-end vehicles and it exports those. They then import low-end vehicles that are usually manufactured at a low cost in other places.
Explanation:
Comparative advantage refers to the ability of an economy to create products and services at a reduced cost than that of the business partners.
Answer:
False Pretenses
Explanation:
From the question given, jack is involved in the crime called false pretenses. He receives money by which he mentions things that are not true.
He brings out a false annual reports of profitable returns for a a non existing company or organisation. This representation is false with actual facts.
A monopolistically competitive firm is currently producing the profit-maximizing level of output. If the price of a variable input increases, the firm’s average total cost and marginal cost curves will shift upward.
Option C
<u>Explanation:
</u>
Monopolistic competition is a sort of incomplete competition that requires multiple companies to sell a product which is distinct and thus not ideal alternatives.
Monopoly competition is a framework of the market that integrates monopoly aspects and market competition. A dynamic monopoly market basically has freedom of entering and exiting, but businesses can distinguish between their goods.
We get an inelastic curve of demand and therefore can set the prices. Nevertheless, because the right to participate would allow supernormal incentives to more businesses to gain market share, which will result in regular long-term profits
.
