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Economy Questions and Answers (Q&A)

Tclea
Answered: Jul 02, 2020
A decrease in the price of a complementary good

1 Answer

398 views
John Smith
Answered: Jul 02, 2020
How does a consumer decide how many tacos to consume?

1 Answer

366 views
C. Reyes
Answered: May 09, 2018
This answer would be all about perspective and hence, opinions of people may vary. So let us answer this question from the perspective of a business with unlimited liability. Firstly, there are...Read More

1 Answer

289 views
Tclea
Answered: Jul 02, 2020
Some states have transferred funds to food bank programs in order to increase benefits to lower-income families

1 Answer

256 views
Tclea
Answered: Jul 02, 2020
Competition forces firms to produce and sell products as long as the marginal benefits to consumers exceeds the marginal costs of production.

1 Answer

250 views
Wyatt Williams
Answered: Jul 02, 2020
Economic freedom, voluntary exchange, private property rights, profit motive, and competition

1 Answer

237 views
Wyatt Williams
Answered: Jul 02, 2020
Land, capital, labor, entrepreneurs

1 Answer

235 views
John Adney
Answered: Jun 04, 2017
A mixed economy, because the government set regulations. So there is some government involvement

2 Answers

234 views
Wyatt Williams
Answered: Jul 02, 2020
Medium of exchange, measure of value, and store or value

1 Answer

231 views
W. Pratt, Marketing Analyst
Answered: Jan 25, 2019
In order to understand how to answer this question, it is important that you understand what a substinence economy is. This is a type of economy wherein people would rely on natural resources so...Read More

2 Answers

230 views
Tclea
Answered: Jul 02, 2020
Scarcity refers to the situation in which unlimited wants exceed limited resources

1 Answer

229 views
Patricia Allison
Answered: Mar 13, 2018
An aging and slow growing population can have very negative effects on a country's economy. Japan is a great example of this type of effect. As the population ages, elderly citizens require more...Read More

1 Answer

228 views
Tclea
Answered: Jul 02, 2020
An increase in demand causes a change in equilibrium price; the change in price does not cause a further change in demand or supply

1 Answer

227 views
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