which class?
Explanation:
plz mention the lesson name kk
Answer:
microeconomics: The study of the behavior of individual households and firms in making decisions on the allocation of limited resources. Macroeconomics: The study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.
Explanation:
Answer:
C) opportunity cost
Explanation:
Opportunity costs are the costs incurred (or benefits lost) from choosing one activity or investment over another alternative.
In this case, Bobby will spend $60 in the concert ticket, but he is also not going to be able to work and earn his salary for the day (or afternoon). That lost salary is the opportunity cost of deciding to go to the concert instead of working.
The following are the analysis of a Production Possibility Curve. It is to be noted that As education quality improves, the production potential curve will shift outward, improving job skills and productivity. PPC will migrate abroad as human capital boosts the country's resources.
<h3>What happens when the number of unemployed increases?</h3>
It will not affect PPC's position, or it will remain the same, because the number of jobless employees will not change the overall labor force.
<h3>What happens when a new technique improves the efficiency of extracting copper from ore?</h3>
Increased efficiency as a result of technological advancement will move PPC outward as it boosts productivity and allows for greater output with existing resources.
<h3>What will happen when a devastating earthquake destroys numerous production facilities?</h3>
The severe earthquake destroys available resources and capital stock, decreases productivity, and shifts PPC inward.
Learn more about PPC:
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Answer:
Affirmative action
Explanation:
Affirmative action refers to a positive discrimination whereby policies are made to favour groups or individuals that are known to have been previously discriminated against. It involves trying to correct the wrongs or effects of previous discriminations. So in this case when measures are taken in hiring, recruiting employing and educational remedy to past and present discrimination against members of specific groups, it is referred to as Affirmative Actions. It is aimed at improving employment and educational opportunities for individuals belonging to minority groups and oppressed individuals/groups.
