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MakcuM [25]
3 years ago
6

The fact that the price of diamonds is higher than the price of water:

Business
1 answer:
STALIN [3.7K]3 years ago
8 0

Answer: D

Explanation:

Behavioral economics studies the impact of cognitive, psychological, cultural, emotional and social factors on individuals economic decisions. Behavioral economics is concerned with the extent of rationality of individuals, firms and governments. The study includes how market choices are made and the components that propel public choices.

Behavioral economics is important because it gives us an idea about how the mind of humans work. The greater the supply of a particular good, the more we use the good, the less we appreciate it. There are oceans of water and we always get water easily but there are fewer diamonds embedded and hidden in rocks which are not cheap and readily available.

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The sales era emerged because of an increased need to move products during the Great Depression.
marissa [1.9K]
I think it’s false because no one was buying anything during the depression
4 0
3 years ago
The use of teams is becoming increasingly prevalent in the U.S. workplace, partly because of the many benefits associated with t
Sauron [17]

Answer:

Better customer satisfaction

Greater employee job satisfaction

Lower employee turnover

Explanation:

Work teams can be defined as the group of employees that work together to accomplish a certain task or project. These teams are the most effective when expert advises are needed and required to accomplish a project which needs different set of skills. These teams are trained so they can meet the customers needs and wants successfully. They can understand customers well in order to meet their requirements which definitely will make them happy and satisfied and in some cases they can be delighted and over delighted.

When employees will work in work teams, they will interact with different workers having different set of skills, therefore, they can complete the tasks and project quite efficiently, which will ultimately make them satisfied. When employees will be satisfied at the work, they will not think about leaving the organization which in turn will result in lower employees turnover.

7 0
3 years ago
Which of the following is the BEST description of the law of demand?
34kurt
D

This is shown because when a item in demand is needed it becomes price and thus becomes lower of supply and gains value
8 0
3 years ago
Personal selling requires the __________ flow of communication between a buyer and a seller, often in a face-to-face encounter,
emmainna [20.7K]
<span>Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.</span>
5 0
3 years ago
Suppose the incomes of buyers in a market for a particular normal good decrease and there is also a reduction in input prices. W
kirill [66]

Answer:

an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

Explanation:

A normal good is a good whose demand increases when income increases and falls when income falls.

If income falls and the good is a normal good, demand would fall. This would lead to a fall in price and quantity.

If cost of input falls, the cost of production would fall and supply would increase. This would lead to an increase in quantity and a fall in price.

The combined effect would an indeterminate effect on equilibrium quantity and a fall in equilibrium price.

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
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