A budget line is a graph that shows the various combinations of two products that a   Multiple Choice    consumer can buy with a given amount of money income.   business firm can produce with a given budget   household can produce with a given amount of resources     nation can trade with another nation

Q: Choose one of the seven principles of economics that apply to microeconomics. Choose a specific…

A: The seven principles of economics are  Scarcity forces tradeoffs Thinking at margin Cost vs benefits…

Q: Somewhere in Kenya, a girl logs on for a personalized math lesson from California-based Khan…

A: Globalization or globalization is the active process of expansion of cross-border trade and…

Q: combinations and then draw a line to connect them. Explain where you operate on your PPF and why.…

A: The production possibility frontier (PPF) is a curve which in turn illustrates the variations in the…

Q: Name a way that your family interacts in the factor market and a way that it interacts in the…

A: The market is the place where the buyers and sellers interacts with each other and the exchange of…

Q: Draw and explain the product and productivity curve of a economymaking milk and cookies.what happens…

A: The production possibilities frontier (PPF), shows the trade-off that an economy exhibit while…

Q: One of the lessons of economics is that “there is no such thing as a free lunch.” This means that…

A: Trade-offs are everywhere in the Economy because all the resources are limited in quantity and wants…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: Economic perspective refers to seeing the situation through the lens of economics and making…

Q: A budget line is a graph that shows the various combinations of two products that a Multiple Choice…

A: A budget line refers to the all possible combination or all possible bundle of two goods that can be…

Q: Economics affects nearly everything we do in some way. Someone else has produced most items we…

A: According to economists, the pricing of some goods/products is extremely/highly inelastic. That is,…

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: Three economic questions must be determined in all societies. What are they? What goods will be…

A: Three economic questions must be determined in all societies .what are they.

Q: Choose what you consider to be the two most important culture components from the chart. Argue why…

A: Given:Values & AttitudesManners & CustomsSocial StructureReligionPersonal…

Q: Name a time when you experienced a culture different from your own, such as when you tried a new…

A:

Q: Mahatma Gandhi once said “Happiness is when what you think, what you say, and what you do are in…

A: The great aim of life to have is happiness, it is something needed to be worked on every day. Being…

Q: uppose you are scheduled to work at your job for 4 hours Friday night, where you make $10.00 per…

A: here we calculate how much did the night at the  movies cost by following method given below;

Q: How do I graph the amount of fertilizer that needs to be added to an acre of land and the amount of…

A: A graph is a visual representation of information that is used to show the relationship or pattern…

Q: Saving equals Group of answer choices Y - C. Y - I. Inventory changes. Y - G

A: The fraction of money left over after paying for current expenses is what is saved. In other words,…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: In a market, a producer uses various techniques to understand the purchasing behavior of the people…

Q: What is economics? A social science that teaches one how to cope with scarcity. A discipline that…

A: Economics is a social science that deals with economic behavior and the problem of scarcity.

Q: In deciding to produce a given good, an individual would always choose A. The process that uses the…

A: To determine the production method that a producer must always choose.

Q: Using the list on the bottom what are "service" components and "physical goods" components? a new…

A: Physical goods refer to the products that are tangible. It can be durable or non durable. Service…

Q: Write a positive statement and a normative statement about your favorite hobby.

A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…

Q: Fill in the blanks with the mumber that correspoods to the correct word or phrase from the word bank…

A: Economics is defined less by the issues that economists study and more by how economists study them.…

Q: The answer to, "What goods are to be produced?" deals with: who gets the goods. Ohow tastes and…

A: The economic problems of  "What goods are to be produced", "How to produce", and "For whom to…

Q: Once people could only trade what they could produce with their hands or find in nature for things…

A: The three fundamental problems of any individual or economy is wants are unlimited, resources to…

Q: One of the basic facts of life is that people must make choices as they try to attain their goals.…

A: Scarcity: Scarcity refers to the condition where resources, including time, money, labor, natural…

Q: What is opportunity cost and what is its significance. In my homework .

A: Opportunity cost refers to the usual cost next best foregone. It is the cost of something that has…

Q: Reading Comprehension Producers and consumers Once people could only trade what they could produce…

A: The measures that are required to reduce the negative impact of free trade include setting minimum…

Q: Once people could only trade what they could produce with their hands or find in nature for things…

A: Consumers make consumption decisions and buy goods and services. Producers decide how much to…

Q: Reading Comprehension Producers and consumers Once people could only trade what they could produce…

A: Giving subsidies to smaller, local suppliers is one of the regulations that may help to reduce the…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: Economic perspective is a way of seeing the the argument by the lens of economics.  This is the way…

Q: *Make a response,question, or clarification for that opinion

A: The consumer is an individual that buys the products and services from the seller in the market.

Q: What does a production possibilities graph show in economics?         how many items…

A: The objective of the question is to understand what a production possibilities graph (also known as…

Q: how unreflective consumption of goods - in this case, sugar - affect your journey towards the good…

A: How unreflective consumption of goods - in this case, sugar - affect your journey towards the good…

Q: pportunity co

A: Opportunity fee refers to the price of the next great opportunity that is forgone while a choice is…

Q: Interest rates rise on your savings account at your bank, and you decide to save 5% more from your…

A: Economic principles are fundamental concepts or guidelines that help describe and understand how…

Q: The person who smokes cigarettes cannot possibly be thinking in terms of costs and benefits .…

A: The person who smokes cigarettes keeps other things constant. Therefore person who smokes cigarettes…