BUSINESS HIGH SCHOOL

How is American history relivant to American economy?

Answers

Answer 1
Answer:

Answer:

American history relevant to American economy is discussed below.

Explanation:

  • The economic history of the United States of America started with American establishments in the seventeenth and eighteenth ages.
  • The 90s are universally viewed as a phase of economic accomplishment.
  • The American colonies went from marginally prosperous colonial economics to a little, self-sufficient agriculture economy that utilized slave workers, which in 1776 converted the United States of America.
Answer 2
Answer: American history is relevant to American economy in recent history because of the time period known today as the Great Depression, but also in the respect that economic growth occurs slowly over time, and our economy is still growing to this day.  I hope this helps, as I was going to ask about context but instead just answered the question.  Have a nice day! :)

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At a price of $65, consumers demand 650 pairs of shoes, and sellers supply 650 pairs of shoes. The price of $65 (where quantity supplied and quantity demanded both equal 650 pairs of shoes) is the _____.
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If productive efficiency characterizes a market A. the output is being produced at the lowest possible cost.
B. firms use the best technology available to produce the good.
C. firms produce the goods that consumers desire most.
D. the marginal cost of production is minimized.

Answers

Answer:

A. the output is being produced at the lowest possible cost.

Explanation:

Productive efficiency is a situation where the economy or economic system can not produce any more goods without sacrificing the production of other goods. Consumers benefit from these cost-efficient methods of production. Also, essentially, productive efficiency means that the product is being produced with as few scarce resources as possible thereby enabling society to spread its scarce resources across more products.

Final answer:

Productive efficiency refers to a scenario in the production process where output is generated at the lowest possible cost. It does not necessarily imply utilizing the best technology, producing the most desired goods, or minimal marginal cost of production.

Explanation:

If we talk about productive efficiency, it typically signifies a scenario in the market where goods produced at the lowest possible cost. It is a situation in which a entity cannot produce more of one good without sacrificing production of another good and is directly linked with the concept of a Production Possibility Frontier (PPF). Therefore, the correct answer is A. the output is being produced at the lowest possible cost.

It's crucial to note that while this definition of productive efficiency refers to the lowest cost, it does not necessarily imply using the best technology available (B), producing the goods consumers desire most (C), or minimizing the marginal cost of production (D).

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when the price movie tickets increases from $15 to $25, the quantity of movie tickets sold decreases from 30 to 20. calculate the absolute value of the price elasticity of demand using this information.

Answers

The absolute value of the price elasticity of demand is 0.5.

Price elasticity of demand is a measure of the change in demand for a commodity in response to a change in price. When the price of movie tickets rises from $15 to $25, the quantity of movie tickets sold decreases from 30 to 20.Using this information, we can calculate the absolute value of the price elasticity of demand as follows:

Absolute value of the price elasticity of demand=Percentage change in quantity demanded/Percentage change in price. To calculate the percentage change in quantity demanded, we use the following formula:

Percentage change in quantity demanded

=((new quantity demanded - old quantity demanded)/old quantity demanded) x 100

Percent change in quantity demanded=((20-30)/30) x 100Percent change in quantity demanded=-33.33%

To calculate the percentage change in price, we use the following formula: Percentage change in price

=((new price - old price)/old price) x 100

Percent change in price=((25-15)/15) x 100

Percent change in price=66.67%

Now we can substitute these values into the formula for the absolute value of the price elasticity of demand.

Absolute value of the price elasticity of demand=Percentage change in quantity demanded/Percentage change in price

Absolute value of the price elasticity of demand=|-33.33/66.67|. Absolute value of the price elasticity of demand=0.5.

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​Lydia, a minor, charges the cost of a smartphone at a Mobile Devices & Minutes store. Two nights later, Lydia loses the phone at Natural Foods restaurant. She disaffirms the phone’s purchase. Lydia owes Mobile Devices the reasonable value of the phoneA)​ if it is deemed a necessary
B)​ if it is deemed a luxury.
C) ​if it is deemed unique.
D)​ under no circumstances.

Answers

Answer:

A)​ if it is deemed a necessary good

Explanation:

Minors are not usually bound by a contract, and most of the time they can avoid liability under a contract. Minors can only sign a valid contract if it includes something that is essential for them. Medicines, food and medical services are the only things that are usually considered essential for a minor.

So the store has to prove that selling her the cell phone was a necessity, and something essential for her. It is possible to prove that it was a necessity, but it is something very difficult to do.

But the fact that the contract is not valid doesn't mean that Lydia can do whatever she wants. Her parents are responsible for returning the cell phone or since she lost it, they are responsible for paying it.

Brad has a steady job, solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit to add to his assets.Which of the following illustrates the most economically sound choice for Brad?
A.buying both a car and a home
B.leasing both a car and home
C.buying a car and leasing a home
D.leasing a car and buying a home

Answers

The right answer here is A - of the possible answers listed for this question, the most economically sound choice for Brad is likely to be buying both a car and a home. This is due to the fact that leasing either a car or home will not help Brad build up equity or add to his assets.

Keynes suggested that if _____ spend during a depression, they can revive a national economy.a. individuals
b. governments
c. businesses
d. employees

Answers

The answer is B. government

According to keyness , government spend could be a key in reviving national economy during depression, as long as it's used for something that increase people's overall wellness.

Such as : Health care, Helping the businesses to obtain cheaper raw material for productions, education, etc

One key to effective implementation is setting: schedule of events milestones milestones
good managers in motion
goals

Answers

Is setting scheduled of events and milestones

Setting milestones alone is not enough in order to achieve effective implementation. You should also set aside a deadline to achieve your milestones so you can always keep track on your progress in achieving your Goals
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