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lions [1.4K]
2 years ago
9

How do goods and services meet our needs and wants?

Social Studies
1 answer:
dexar [7]2 years ago
7 0

Answer:

I don't know maybe the Explanation will help.

Explanation:

Consumers satisfy their wants by purchasing goods and services for consumption purposes.

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Eight is greater than or equal to the sum of a number and 3
Irina18 [472]
It is greater that 3 due to the fact that the number 4 can go into number 8 two times and can't go into three and 2 can go into 8 4 times and can only go into 3 once
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3 years ago
Answer quickly pls!!! Question 1: In the government ruining against Standard Oil in the early 1900s, congress recognized the nee
Sunny_sXe [5.5K]

- Question 1: In the government ruining against Standard Oil in the early 1900s, congress recognized the need

A. For the public to have access to natural resources.

B. For price controls in a command economy.

C. To protect competition in a mixed economy.

D. To protect the common good in a market economy.

The correct answer is D. To protect the common good in a market economy.

Indeed, the Supreme Court ruled that the practices of Standard Oil were monopolistic and although they had been considered legal under common law, their methods and consequences were the prices for the consumer increased, the production of oil decreased and the quality of oil also decrease which not only constituted a restraint of trade but also damaged consumers.

Question 2: how do government regulations like the Sherman antitrust act benefit Americans?

A.they ensure individual freedom.

B. They keep competition open and fair.

C. They protect the ideals of the U.S. Constitution.

D. They protect the safety of all Americans.

The correct answer is B. They keep competition open and fair.

Indeed, one of the main principles of capitalism is that competition between businesses forces them to innovate and maintain quality and offer the lowest possible prices to consumers at the best product quality. A consumer will be able to stop buying the products of a given company if these are too expensive or of very low quality and go and buy them from a competitor wit better prices and/or quality.

By becoming a monopoly, there is just one company and no competition, and consumers do not have a choice to buy their goods elsewhere as there is only one company that sells them at whatever price it chooses to and with whatever quality it decides. This lack of choice enables monopolistic companies to produce substandard, expensive goods that consumer have no choice but to buy since there are no competing manufacturers. The Sherman Act was passed exactly to avoid such cases.



6 0
2 years ago
What is an example of actor-observer bias?
devlian [24]

Answer:

For example, if someone is late and he is also apologizing for being late.

Explanation:

An actor-observer bias is a type of bias that explains how we interact with other people and make perceptions about them.

For example, if someone is late and he is also apologizing for being late, but you have assumed him to be a latecomer, and you might think he has no regard neither for you nor for your time.

People don't tend to succumb to this bias with their close friends and family members.

3 0
3 years ago
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An income statement reports:
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How cash was received and spent, ideally marking every deductible would give this on the income statement
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2 years ago
Do you prefer cleaning the kitchen in between cooking or after you have finished cooking? why? ​
Free_Kalibri [48]

Answer:

I like to do it after I finish because while I am cooking I am very focused on only the food.

Explanation:

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