W Y. L K M N. Refer to Figure 23-1. Which of the following pairs correctly identify W and Y? a. Consumption and investment b. Markets for factors of production and markets for goods and services Dc. Firms and households d. Expenditures and income

Gross domestic product (GDP) figure gives an understanding of a marketť's Select one: a Economic environment Ob.Demographic environment c. Natural environment O0 d. Technological environment Next page

Question 13 Which one of the following is an example of the economic activity of consumption? An automobile rolls off an assembly line. Sandra wins the lottery. O Hector enjoys watching a sunset. O A new law is passed to improve air quality.

f3. Subject Economics

Economics: Public Economics Question: 1 What can you say is happening from Graph 1 due to the change in the price of Good X? a. The optimal consumption bundle was at W, and now is at G b. The optimal consumption bundle was at T, and now is at G c. The optimal consumption bundle was at G, and now is at T d. The optimal consumption bundle was at T, and now is at W e. The optimal consumption bundle was at W, and now is at T f. The optimal consumption bundle was at G, and now is at W   Question: 2 What can be said about Good X and Good Y in Graph 1? a. Good X and Good Y are both normal goods b. Good X is a normal good and Good Y is an inferior good c. Good X and Good Y are both inferior goods d. Good X is an inferior good and Good Y is a normal good   Question: 3 Refer to Graph 1. Which of the following statements is true about the income effect for Good X? a. The consumer had an increase in spending power, and purchased more of Good X b. The consumer had a decrease in…

Draw a circular-flow diagram. Identify the partsof the model that correspond to the flow of goodsand services and the flow of dollars for each of thefollowing activities.a. Selena pays a storekeeper $1 for a quart of milk.b. Stuart earns $8 per hour working at a fast-foodrestaurant.c. Shanna spends $40 to get a haircut.d. Salma earns $20,000 from her 10 percentownership of Acme Industrial.

Use the following information for question 6–7. 6. In 2021, a typical family in Pizzaland consumes 50 pizzas, 20 chicken wings and 40 beers. The pizzas cost $15 each, chicken wings $2 each and beers cost $3 per bottle. In 2022, the price of pizzas went up to $18 each and chicken wings went up to $3, while the beer price remained the same. In 2022, the consumption of chicken and beer decreased by 10%, the cost of living in 2022 is: a) $1062 b) None of other answers is correct c) $1080 d) $910 e) $972 7. Between 2021 and 2022, a typical family's cost of living a) increased by 20% b) increased by 16.7% c) decreased by 18.7% d) None of other answers is correct  e) remained the same

Solve the attahment.

23 Introduction to Economics Please solve it very quickly ????

Need some help explanations