Answer:
Yes, I was very impressed to see how average people have used the speaker's invention to create new ways of doing things.
The kids are highly imaginative and there was a boy who designed and constructed a dog piano which was very creative and very unusual.
Answer:
A: Supply curve
Explanation:
The supply curve is a graphical illustration of the quantities of goods and services that firms are willing to sell in the market at different prices. As per the law of supply, the higher the price, the more quantities suppliers will be willing to produce. There exists a direct relationship between price and quantity supplied.
The supply curve is upward sloping. It illustrates how the quantity supplied changes at different prices. The supply curves can be described as the graphical presentation of the law of supply.
Any sellers who raise its price lose all of their customers
any sellers who lower the price also cause the reduction in price of other firms,that may lower the profit gained
Answer:
A
Automatic stabilizers
Explanation:
These are necessary adjustments that are dependent on the state of the economy at particular times. An expanding economy is an economy in growth, there is a general feeling of stability and there is the mobility of funds around. Due to the presence and indication of growth, there is an increase in the amount of profits or gains made by the economy in general. Hence, government can decide to task more through tax.
However, in periods when there are indicators of an ailing economy, there should be a downward review of tax and the economy is weak at this state. Using the old taxing scheme during the good economy for now would result in an outcome that might further hurt business owners and push the economy more downwards.
Automatic stabilizers are just the mechanism through which the taxation at different times is adjusted
Answer:
2. Produced domestically during a period
Explanation:
Gross domestic product (GDP) is defined as the total monetary or market value of all final goods produced within a country's border in a specific period of time. It is the total value of goods produced by residents of a given country during a period.
