Advantages and disadvantages of not going to a family trip and staying to attend classes.

Q: Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value…

A: Consumer surplus refers to the difference between the actual amount paid by the consumer and the…

Q: “It is better to pay a regular price than to stand in a long line for a free item.” Discuss the…

A: The term economics is originated from the GREEK word OIKONOMIA meaning the management and study of…

Q: You stay up an added hour to study for a test. The intended effect is to raise your test grade. What…

A: According to question if you added more hour to the study for the test then the intended result is…

Q: Bryce is at the local grocery store, shopping for himself and his girlfriend Renee. This week,…

A: The two effects that may cause Bryce to purchase more chicken breasts this week than last week…

Q: In markets for information, which party generally has more knowledge about the value of the…

A: In the market for information, people gets information about goods and services by sellers and…

Q: Need proper explanation

A: Central bank is the head of all commercial banks. There are many responsibilities that the central…

Q: Net benefit can be estimated as: Select one: a. net benefit= benefit/ (cost+i) b. net benefit =…

A: Answer - Need to find- Net Benefit can be estimated as   Evaluating the options :- 1. Net benefit =…

Q: Name at least three reasons for the 2008 housing debacle.  Taking out a health insurance policy…

A: In order to stay safe from certain events that are unforeseen/accidental, various assets are covered…

Q: What we sacrifice, or give in return, when we make a decision or make a choice is: Response option…

A: Since the resources are scarce, there is a tradeoff between goods.

Q: News about high levels of criminal activity in South Africa discourages American tourists from…

A: South Africa is Africa's second largest destination for tourism.It has very popular tourist…

Q: The “Operation Varsity Blues” is the college bribery scandal in 2019 in which the parents of many…

A: Bribery: It is the amount given illegally to get our work done.

Q: An increase in the price of wheat will lead to

A: Change in price of wheat will cause a movement along the demand curve.

Q: A market is any arrangement that allow buyers and sellers to exchange things

A: # Buyers and sellers engage into the activity of the transaction of goods and services. Such…

Q: Discuss it objectively

A: Through the movement of air in the atmosphere, the flow of water in rivers, and the migration of…

Q: Bob does not work to take care of his ailing mother.

A: In an economy there exist different types of unemployment.

Q: The act of using goods and services to satisfy the human wants is known as ______

A: According to the given question In Economics human wants are generally classified as that type of…

Q: Recession Causes a Drop in consumer income. Analyze New Cars

A: The merchandise whose request will in general increment as the pay of the customer rises is called…

Q: Willingness to pay Select one a measures the value that a buyer places on a good. bis the maximum…

A: Willingness to pay is the amount an individual to ready to pay for the product.

Q: What defines ‘goods’ from Islamic perspectives? i. Has economic utility. ii. Beneficial, and bring…

A: The answer is given below:-

Q: After swearing his whole life that he’d never fly, Ernesto, takes a plane trip and decides he enjoys…

A: Risk aversion is when someone don't like to rake risks or hate risks. In simple words, wanting less…

Q: You are planning to spend Saturday working at your part- time job, but a friend asks you to go…

A: Opportunity cost, in economics, represents the potential benefits that one has to give up while…

Q: opportunity costs

A: Opportunity cost is the cost of the next best alternative that has to be foregone. In other words,…

Q: economic problems is a result of( resources are unlimited and wants are limited it is true or false…

A: The measure that depicts the area of production, trade, distribution and consumption of services and…

Q: The MRS of good Y at Point A on IC, is: Good X 10 IC IC, 12 Good Y 10

A: In economics, the marginal rate of substitution (MRS) is the quantity of one good that a customer is…

Q: Goods that satisfy humans wants though their direct use or consumption are called _______?

A: According to the given question In simple words the consumption in economics is basically known as…

Q: Prior to 2003, the city of Boston was often one big parking lot. Traffic jams were common, and it…

A: When there are no fees, the equilibrium is achieved at point EMKT. This implies a usual equilibrium…

Q: BRAIN-COMPATIBLE Activity 3 Directions: Read and answer. Write your answer in your notebook. 1. The…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What do you think is the true cost of spending your weekend playing cricket with friends?

A: Trade-offs: A compromise (or trade-off) is a situational choice that includes reducing or losing one…

Q: Rational decisions are made through a process (a) that takes a long time and much effort (b) of…

A: Rationality may be defined as an ability and willingness to follow a reasoned, unemotional and…

Q: What affects the desirability of a​ product? Products become more desirable when   A. professional…

A: Answer - Need to find - The product becomes desirable when -   Evaluating the options - A.…

Q: Name and describe differences between goods and services other tangibility.

A: Goods and services are economic items that are demanded and supplied in a market. Goods are the…

Q: set of guidelines for writing effective e-mails

A: We want our email recipients to take our message seriously, but we frequently don't give it much…

Q: Evaluate the following statements and identify if it falls on a positive or negative statement.…

A: Whereas Positive statement is based on facts and figures which can be tested and verified with given…

Q: Intermediary goods are the goods which are used for satisfying human wants  True/False

A: Those goods which are raw material in the production of some other goods are refferd to be as…

Q: Explain the Principles of Morality in Islamic Economics consumption related to Muslim consumer…

A: Considering the Islamic Economics consumption is an activity which contributes to mankind for their…

Q: means that the products people demand are being produced at a low cost(making the most of…

A: In economics, the problem of scarcity is addressed by economic agents. As the human wants are…

Q: With more money to spend and an increased number of products to buy, became an American way of life.…

A: The economies around the globe are involved in various economic, and financial activities. There are…

Q: Water shortages can be most efficiently eliminated even in times of drought if the market is allowed…

A: Answer: water can be moved from where it is plentiful to where it is needed most Drinking-Water is a…

Q: What do you think is the advantage of wearing school uniforms during online class?

A: The purpose of uniforms in the school is to bring uniformity, seriousness by reducing distraction,…

Q: pay $50, and person D is willing to pay $90. The willingness-to-pay is one

A: A and B will the pivotal person. They pay a combined tax of $60. Misreporting his willingness to pay…

Q: c) is the value of the next best alternative foregone in making a choice

A: Opportunity cost can be defined in simple words as, the letting the other options go for selecting…

Q: When Sasha's father speaks to her but she is distracted and looks around, he sometimes reaches out…

A: There are different kinds of toh which includes demand touch, friendship touch, social polite touch,…