ECONOMY-How a civilization makes money through the buying and selling of goods and services. (Some examples may include: resources, trade routes, agriculture and products.)

Q: Refer to Figure 3-1. The rate of trade-off between producing chairs and producing couches is…

A: Let us define the concept of opportunity cost. Opportunity cost theory states that the cost of a…

Q: i need help with all of them

A: The government uses price controls to exert direct influence over market prices. It has an impact on…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Economic growth refers to the increase in an economy's real output derived from an increase in its…

Q: oduction of Commodity X creates 10 pounds of emissions for every unit of x produced. The demand and…

A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the…

Q: 'm needing help on what I had no answered

A: 1. The following shows the PPF of the given data. The values plotted are given as A, B and C.

Q: Where did the 1/2 come from or what is it.

A: Producer surplus is the area below price and above supply curve.  Producer surplus is the area of…

Q: can u solve d and e

A: Unemployment is an expression alluding to people who are employable and effectively looking for a…

Q: Q10. Refer to Figure 1. An economy is operating at full employment, and then workers in the bread…

A: An economy is operating at full employment implies that they are operating on the PPF

Q: how many days in a year

A: One calendar common year has 365 days