b. ALS medical research funds: The ALS ice bucket challenge goes viral, leading to greater awareness of the benefits of and need for ALS research. As a result, the supply of and demand for ALS research increase(s), causing the equilibrium price (or opportunity cost) of such research to rise, fall, or remain unchanged and the equilibrium quantity to rise, fall, or remain unchanged - Incorrect

Q: What are the four phases the budget cycle?

A: The business cycle in economics is defined as in general the number of fluctuations in the basic…

Q: which are the Regional Economic Influences on Property Values?

A: Property values: The property values indicates the value of a piece of real estate, which is depends…

Q: Using an AD/AS diagram, demonstrate what happens when consumers decide to spend more?

A: The economics as a study is based upon the idea that the entities in the economy tend to make…

Q: Which credit card has a centurion visible under black light? American Express Visa MasterCard both…

A: Cards companies use features which are hidden and can be seen under UV lights so as to provide…

Q: what are the labels for the axis?

A: In economics, a good that is both non-excludable and non-rivalrous is referred to be a public good.…

Q: What is the budgetary procedure?

A: A government budget is a written agreement that details how much money will be generated, where it…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: Firms compensate workers with "benefits" in addition to wages and salaries health insurance. Suppose…

A: Note - As per guidelines we answer three parts at one time. Kindy reposts the other parts.   a.…

Q: Is ketchup a final good or intermediate good?

A: # A good is reffered to be as a final good if it is the end product and is finally going to be…

Q: what will be a good example a person participated in goods, labor, and financial markets.

A: Goods market is the one in which the goods and services are sold by the firms to the households.…

Q: Is real estate BEST viewed as a commodity or a resource? Defend your position on why?

A: According to me, real estate is viewed as a resource not as a commodity. This is because a commodity…

Q: By using graph, explain how might a drought destroys half of all the farm crops for famers?

A: Drought is the situation when rain does not occur and all the land becomes barren. Moreover, drought…

Q: What other variables do you expect to influence the number of international travelers?

A: Beyond the obvious ones like economic conditions, geopolitical stability and travel infrastructure…

Q: How do economic factors such as a recession or consumers having more money impact the demand and…

A: The interest rate in the economy helps to identify the level of policies in the economy as well as…

Q: Why does the general public often refer to the cost-of-living index?

A: The economy consists of different type of people in it. There will be some with high financial…

Q: Create a graph that best describes how the COVID-19 pandemic affected the US economy

A: The COVID-19 pandemic is the global crisis which has resulted in economic slowdown in several…

Q: Define Economic events.

A: Economic events are those that can be measured in monetary terms.

Q: define demand and supply, give a couple of examlples tied to todays current events (a couple…

A: Consumers demand goods and services to satisfy their needs and wants. Producers produce and sell…

Q: What social and economic factors have prompted the rise in small business?

A: Small businesses are generally owned by the private, which is also known as limited liability…

Q: Does it shift outward or inward?

A: Budget constraints shows the relationship between the two goods , their prices and the income of the…