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3 years ago

Economic goods are

Business

1 answer:

Andrej [43]3 years ago

3 0

Economic goods are : Goods that are scarce.

<h3>What is economic goods?</h3>

Economic goods are goods that are scarce, for which the quantity demanded exceeds the quantity supplied at a zero price. This type of goods create benefit to the lives of the people who consume them.

What the above means is that economic goods are goods that can be used to satisfy human wants and needs. Although they are scarce, the benefits are more important to human satisfaction.

Hence, economic goods are goods that are scarce.

Learn more about economic goods here : brainly.com/question/3019303

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Answer: False

Explanation:

The real interest rate is the nominal interest rate adjusted for inflation.

If the nominal interest rate was made with inflation in mind and this inflation is less than anticipated, the real rate will be higher not lower than expected.

For instance: Assume the nominal rate is 8% and the two parties assumed inflation would be 4%. Real rate would be:

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If inflation is instead 2%, real rate would be:

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Real rate would be higher than anticipated.

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3 years ago

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mestny [16]

Answer:

I think the answer is B

Explanation:

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3 years ago

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Answer: The following statements are true about this natural monopoly:<em> </em><u><em>It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.</em></u>

Natural monopoly is a form of monopoly that persists because of start-up costs of administrating a business organization in a particular industry. A organization with natural monopoly will be the only supplier of a commodity or service in an industry.

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4 years ago

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V125BC [204]

Answer:

The correct answer is False.

Explanation:

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(b) mineral preparation (eg, synthesize and form pellets),

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(e) casting, laminating and finishing.

You can perform these steps in a single installation, or in several completely separate locations. In many developing countries, scrap steel is manufactured in an electric arc furnace. Therefore, steps (a) through (c) may not always be applicable to all steelmaking projects. An alternative way to produce steel is that of direct reduction, using natural gas and hydrogen. The product of this process, spongy iron, becomes a steel arc furnace; then the ingots melt, and for this the non-flat products are produced with one or two laminators. They are called "mini factories".

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4 years ago