Answer:
d
Explanation:
Answer: The last one (D.) is correct
Explanation: Because it says changes in price so the change can increase or decrease it cannot be the first on because the price DOES affect in the long run. It's not the third one because it makes no sense so ya. I hope this was helpful i'm not an expert
B.)replacing one resource with another resource to satisfy a want
C.)organizing the use of a resource in a manner that fulfills all wants
D.)reducing the amount of resources spent on one want to spend more on another want
Answer:
D.)reducing the amount of resources spent on one want to spend more on another want
Explanation:
A trade off is a situation where an economic agent has to decide between two options he wants. This is a concept widely used in economic theory, for example when the government will use monetary policy. If monetary policy is expansionary, it may increase the employment rate but cause inflation. If the government pursues a contractionary monetary policy, it may lower inflation but increase the unemployment rate. Then there is a trade-off in the government's choice between inflation and unemployment. Monetary policy will then be administered according to the choice the government makes.
Its D. reducing the amount of resources spent on one want to spend more on another want (100% correct; just took quiz and got all answers right)
Answer:
Income effect is the correct answer.
Explanation:
The income effect means that the change in demand for a good or service which is caused by the change in a consumer's purchasing power resulting from the change in real income. The change can be due to a rise in the wage or due to freeing the income due to a decrease in the price of the goods. This effect also tells how the change in the price of goods will cause a change in its demand accordingly. The income effect is part of the consumer choice theory. It expresses the impact of change in income and relative market prices on the consumption pattern of goods and services.
Answer:
The income effect
Explanation:
Answer:
A is the correct option.
Explanation:
Green living means the way of life which contributes to maintaining the natural ecological balance in the environment. It is also related to preserving the planet, its natural systems and resources.
The various things one can do for living a given life includes reducing pollution, conservation of natural resources, recycling the non-biodegradable products, planting more trees on vacant and wastelands and contributing in maintaining the ecological balance on earth.
For organizations, going green helps them to cut costs by conserving energy and resources, saving water and electricity, sending unwanted items for recycling, purchasing recycled products