Which are those economic goods which do not have any type of the physical characteristics they are intangible one word

Q: S. D. D.

A: Demand means the quantity of goods that a consumer is willing and able to purchase during a given…

Q: three types of business activities? Distinguish one from the other

A: Business activity can be considered as an economic activity and a profession at the same time.…

Q: Which activities are as important as the production of goods?

A: Production of goods refers to the creation of utility. This means combining raw material or input in…

Q: What are the four factors of production?

A: Factors of production: - factors of production are the resources used to produce goods and services.…

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

A: Circular flow of an economy shows that how money and goods and services flow through markets among…

Q: These questions require application of economic theory. They might include calculations and/or the…

A: Exchange rate is the rate at which nations currencies are exchanged

Q: Discuss the concept of Economic Goods.

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: 1. Which of the following would be studied in microeconomics? A. the output of the entire economy B.…

A: Microeconomics is concerned with individual economic units whereas macroeconomics is the study of…

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: What is economic

A: Economic is divided into two major discipline that is microeconomics and macroeconomics. Here,…

Q: State two important of each factors of production

A: Factors of production are the resources required to produce goods and services in an economy. These…

Q: The data below shows the various production possibilities for an economy that produces two goods,…

A: A production possibility frontier illustrates the various combinations of two goods that can be…

Q: The end use of the goods categorizes the good as intermediate good and final good.  True/False

A: There is no no specific method to find org category is a good to be as intermediate or a final good.…

Q: Explain, how does the economy as a whole works? And which economic agents are of the greatest…

A: The economy works on the principle of exchange. A series of exchange of goods, money, and services…

Q: Goods and services which help in the production process are called: (a) Raw materials (b) Factors of…

A: # We need resources and technology to produce goods and services in the economy and to satisfy our…

Q: Define production and What are the factors of production and what are their reward payments?

A: In economics, we answer the three basic questions: what to produce, how to produce, and for whom to…

Q: Explain how Lynk&co use the content of there website to indicate their value proposition to cus

A: A value proposition is the promise of value that a firm makes to customers if they choose to acquire…

Q: What is economics, and how can you benefit from understanding basic economic concepts

A: Economics: Economics matters by investigating how people settle on choices despite the shortage.…

Q: What do you mean by the production possibilities of an economy

A: Production possibilities of an economy refer to different combinations of goods and services which…

Q: Wine B F C D Bread Refer to the diagram. Select which points match their proper designations.…

A:

Q: 4. An economy consists of three workers: Larry, Moe,and Curly. Each works 10 hours a day and can…

A:

Q: List 1-3 things that you learned about basic economic concepts.

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these concepts…

A: (Q) Explain the concept of Microeconomics (Indifference Curve, Budget line) how you can these…

Q: List the four factors of production

A: Factors of production are the economic inputs utilised to generate profits. Land, labor, capital,…

Q: What is the definition of economic

A: Microeconomics is the discipline of economics that studies how people and businesses react to…

Q: In figure 8, interpret the economic meaning of points A and B. What do the two points have in…

A: Answer: Given:   According to the above figure, the x-axis measures the labor hours per day, and…

Q: I what are the factors of production

A: Meaning of Production Function: The term production function refers to the situation under which a…

Q: what is the role of Recourses in individual economy?

A: Role of Recourses in individual economy Answer: The role of resources in any country occupies an…

Q: Question 2 Consider an economy that produces and consumes shoes and houses. In the table below are…

A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: What are goods and services

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: le?

A: Economic variable is any data being accounted for in an economic model.

Q: In a class of 30 M.A. (Economics), students, 17 students have taken econometrics and 13 have taken…

A:

Q: metaphor that we can use for micro and microeconomics.

A: Micro and macroeconomics are the two most important means to understand any economy and its…

Q: The various combination of goods that can be produced in any economy when it uses its available…

A: A. Demand curve - It is the curve which shows the relationship between quantity demanded and price…

Q: Everything is made up of the four factors of production.  Look at the shirt you have on right now.…

A: The four factors of production are Land Labor Capital Entrepreneur

Q: Which is positive statement and explain

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Name a way that your family interacts in the marketsfor the factors of production and a way that…

A: The factor of production are bought and sold under the factor market, and the final goods or…

Q: Circular Flow Chart Quiz Fill in the 6 BLANK spots using the following 5 options: Product Markets…

A: The circular flow model demonstrates how money moves through an economy. It shows the basic economic…

Q: Find a movie that has some sort of economic principle(s) in a particular scene. Give a brief…

A: Economic concepts can be challenging for a student to imagine and comprehend while just faced with…

Q: What examples do you have of goods or services that are both consumer goods and resources depending…

A: A good can be consumer goods or intermediate goods ( ie the goods which are used as inputs for other…

Q: Describe the similarities and differencesbetween the markets for land and capital and themarket for…

A: Market for land, labor and capital is known as factor market. This is because land, labor and…

Q: Read the following text and complete the sentences below with the correct answers. New York’s…

A: Given: The following information about the: New York’s ‘real’ Little Italy: To Find: Giuseppe's…

Q: Fill the table with examples of the different parts of speech and used each word in a sentence.…

A: PART OF SPEECH EXAPLES SENTENCE NOUN The Sun As the rain has ceased falling, the sun is shining…