The answer is B: sufficient products to meet consumer wants.
The law of supply and demand, from classic economics, is the idea that products that a society may deem valuable and desirable will be supplied by a free market economy (ideally devoid of governmental intervention). These two forces, in theory, are said to be correlated and, through what Adam Smith called “the invisible hand”, can find equilibrium or balance.
Students the first one will give explanation in needed
Answer:
A. The election of Barack Obama
Explanation:
Post racial era refers to the United States being free from racial discrimination, segregation and preference.
Barack Obama was elected President of the United State in 2008 and was regarded as the first black president of the county. This made people to conclude that the United States has truly reached its post racial era.
Answer:
missing out on spending time with friends
- gives up a chance to have fun
Opportunity cost is what must be _____ __ in order to ____ something else.
Opportunity cost forces consumers and producers to make _______.
Explanation:
Answer:
the availability of iron and coal, discovery of the New World, and an energetic scientific community.
Explanation:
