Geography, 01.05.2021 20:50 vlactawhalm29
When a price changes, consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price. What is this an explanation for?
A) Demand Effect
B) Supply Effect
C) Income Effect
D) Substitution Effect
Question 37 (1 point)
A higher price means that, in effect, the buying power of income has been reduced, even though actual income has not changed. What is this the explanation for?
A) Income Effect
B) Supply Effect
C) Substitution Effect
D) Demand Effect
Question 38 (1 point)
If Australia holds an absolute advantage in didgeridoos and Japan holds an absolute advantage in katana blades, both countries could be made better off if they specialize in those respective goods and trade.
True
False
Question 39 (1 point)
We must learn to ignore sunk costs when making decisions.
True
False
Question 40 (1 point)
Allocative efficiency takes place at every point along the production possibilities frontier.
True
False
Answers: 2
Geography, 23.06.2019 21:30
In an effort to japan recover from the devastating effects of the 1929 depression, japanese military leaders in the 1930s formed an alliance with nazi germany negotiated more trade treaties with the soviet union closed its doors to western trade adopted a policy of imperialist expansion
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Rectangle qrst is shown. angle qrt is congruent to angle str, and angle str is complementary to angle qtr. which statement is true about angles qrt and qtr? they are congruent. they are complementary. they are supplementary. they are right angle
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Geography, 24.06.2019 10:00
According to the article about the zhou dynasty, this dynasty was broken into different eras because its capital changed from place to place. how many different eras were there in the zhou dynasty? a. two b. six c. ten d. fourteen
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Ocean crust is a. made from submerged continents b. magnetically produced crust c. produced at mid-ocean ridge d. produced at all plate boundaries
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