Consider the following statements: a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other rival gas stations in the area. b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment. c. Firms produce more of a particular DVD when its selling price rises. Which of the above statements demonstrates that economic agents respond to incentives? Group of answer choices

Answers

Answer 1

Answer:

All of the above.

Explanation:

In economics, it is believed that economic agents which include consumers and producers allocate their scarce resources to the utility/service, and product which would result in the biggest gain. This is done in a bid to not misallocate resources.

All the above-mentioned scenarios represent cases wherein economic agents respond to incentives. For example, in the first case, the consumers of gasoline who are the economic agents would want to allocate a lower price to get more gasoline. The extra gasoline they would get from this gas station is the incentive.


Related Questions

What is the first step in amending the Texas Constitution?

Answers

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

According to the systems perspective, transformational processes are responsible for turning:_____.

Answers

Answer:

inputs into outputs

Explanation:

According to the systems perspective, transformational processes are responsible for turning inputs into outputs.

What is perspective?

The term perspective refers to the art or technique of painting or drawing a scene so that objects in it seem to have depth and distance. A particular way of considering something or to think about a situation or problem in a wise and reasonable way. Perspective is the way individuals see the world.

According to the viewpoint, transformation processes are in charge of turning off the process's input and output. A process is defined as any activity or collection of activities who takes one or more inputs, perspective and contributes to them, and produces outputs for consumers or clients.

As a result, the perspective, transformational processes are responsible for turning inputs into outputs.

Learn more about on perspective, here;

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What were the main factors in both the North and South for the abandonment of Reconstruction?

Answers

Social effects were bringing families back together, the Emancipation act, and churches and schools being available to former slaves. What were the main factors, in both the North and South, for the abandonment of Reconstruction?- Land, jobs, and establishing the Bureau were the main factors for both.

Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:

Answers

Full Warranty means the coverage meets the federal minimum standards for comprehensive warranties, while "Limited Warranty" means the coverage does not. ... This is an example of a full warranty. It specifies that the customer has a right to a replacement or a refund if repairs are not possible.

One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts and not your own bias. Choose the element of ethical research that best describes these ideals.

Answers

Answer:

Objectivity

Explanation:

Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.

Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars, boats, new homes, and so on. In order to protect their personal possessions, they decide to incorporate the pizzeria, so that the six partners own shares in the corporation and have limited liability. The business is worth $675,000. After an accident, the partners lose a lawsuit and have to pay $1.2 million in damages. How much money will each partner personally lose to pay this lawsuit

Answers

The amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

Given data

Number of partners in Pizzarie is 6 with all having equal shares.

Value of business is $675,000

Total Damage $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500.

In conclusion, the amount of damage payable by each partner individually is $112,500 because their loss is limited to their maximum shares.

Many jobs have been replaced because of new _____. a. weather patterns b. interest rates c. workplaces d. technology Please select the best answer from the choices provided A B C D

Answers

Answer:

d. technology

Explanation:

Technology may be defined as it the addition of the skills, methods, process in which the manufacturing of goods and services or can be achieved of the aim.

Here according to the given scenario, many of the jobs have been exchanged as of new technology as it innovates the goods and services for the benefit of the organization.

Therefore the correct answer is d

Answer:

         D

Explanation:

JACK Mchen
Lesson 1 My life goals
Resources
Listen
Question 2 of 10
What best describes the relationship between short and long term goals?
Setting short-term goals now helps reach long-term goals later,
Setting long-term goals now helps reach short-term goals later.
Short and long term goals are the same thing just different sizes.
Short term goals are accomplished when you can't do long term ones
US 8:2

Answers

Answer:

Setting short term goals now helps you reach long term goals later

If the price elasticity of supply is 0.75, then when the price of Good Y falls by 10 percent, the quantity supplied of Good Y:________.
A) rises by 7.5 percent.
B) rises by 133 percent.
C) falls by 7.5 percent.
D) falls by 133 percent.

Answers

Wait I did This let me go get the answer rq so I can answer this question rq

The stock market represents small businesses. A. True B. False

Answers

I would say the answer is Falsr

Slim purchases equipment with cash. The accounts affected are:____.
A. Equipment and accounts payable.
B. Cash and equipment.
C. Cash and revenues.
D. Cash and inventory.

Answers

Answer:

Option B, Cash and equipment, is the right answer.

Explanation:

Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.

Peter, who works at a go-kart manufacturing company, parts for karts co., became aware after talking with co-workers that he was being paid substantially less than workers with the same experience and level of seniority. after noticing this, he decided to pursue a lawsuit against parts for karts co. for wage discrimination. however, when peter was hired, he had signed a binding arbitration clause in his work contract. when parts for ka

Answers

Answer: The arbitrator displayed bias and exceeded her authority.

Explanation:

There is need for integrity and fairness when carrying out a job especially avoiding bias. It is also out of place and being unprofessional for an arbitrator or human resource to discriminate in decisions as regards employment; placing some on a better pay and position while another is not especially when they have the same criteria and experience for the job. Doing this is unethical and an exceed of authority.

journal entries
sold goods costing Rs. 15000 for Rs.5000 profit​

Answers

Answer:

sales cr profit cash dr

When people cannot buy all of a good they demand at the going price, there is a:?

Answers

Answer:

shortage

Explanation:

Here are the options to this question :

there is a monopoly profit for suppliers.

shortage

price floor

lack of technological progress.

There is a shortage when demand for a good exceeds supply. The price at this point is below equilibrium price. As a result of the shortage, prices would rise until it reaches equilibrium price.

A price ceiling not a price floor is usually associated with an excess of demand over supply

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.

complete the training to become a master aircraft mechanic.

reconnect with high school friends in similar careers for networking.

enroll in post-graduate courses and complete studies for a master’s degree.

Answers

Answer:

improve my listening skills and interpersonal communication.

enroll in post-graduate courses and complete studies for a master’s degree.

Explanation:

After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all the entries. Instead of highlighting every entry in his assignment notebook, what should Juan have highlighted? activities for that week only important dates and tasks only after-school activities due dates for all the entries

Answers

Answer:

Its B

Explanation:

Answer:

B

Explanation:

just did it

Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living in four cities.

Answers

Answer:

I think the answer is Santa Fe

Explanation:

An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)

-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors

Answers

The answer is a b and d

Answer:

the answer is planning, ensuring, and acting

The story in the video describes how the CEO of Japan Airlines, Haruka Nishimatsu, serves as an example of: a.the way a strategic leader creates a formal strategic plan. b.internal analysis of a company's assets and resources. c.establishing measurable goals for a company's success. d.several of the characteristics of a high performing strategic leader. Nishimatsu's open-door policy, knocking down office walls, eating with employees in the cafeteria and meeting with managers who have ideas is: a.a process for implementing a SWOT analysis, focusing on threats present in the industry. b.a process for developing the mission statement. c.a way to decentralize planning or promote strategy as an emergent process within his organization. d.a means for executing scenario planning with his top leadership team.

Answers

Answer:

1. d. several of the characteristics of a high performing strategic leader.

2 c. a way to decentralize planning or promote strategy as an emergent process within his organization.

Explanation:

Remember, in the video Nishimatsu's flight attendant Akiko said she felt close to the CEO because he tries to convince employees they are in the same boat which could help them survive the current economic storms. Thus, Haruka displays a friendly character that opens up free communication with his staff, which is several of the characteristics of a high performing strategic leader.

Also, Haruka Nishimatsu believed that "If management is distant, up in the clouds, people just wait for orders. This statement indicates he wants to decentralize organizational planning.

How is the value of a product determined?

Answers

Answer:

One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.

Why would a company choose to work through intermediaries when selling products in a foreign country?

Answers

Answer:

It is a way of reducing the risk and cost of operating in a foreign country. They will avoid hassles involved in international distribution and would not need to develop distribution networks.

Explanation:

Companies often use local intermediaries when they want to sell products and run operations in a foreign country.

A major reason for this is to avoid the cost of developing distribution channel from scratch. The intermediaries already have the distribution network so it is an easier option.

Also local intermediaries have the know-how to operate in the foreign country. This includes knowledge on how to access resources cheaply, sourcing for low cost labour, and navigating the political environment.

Costs such as tariffs and custom duties paid dusting international distribution are also avoided by using local intermediaries.

Scientific management is the study of work methods to improve the productivity of _____.
A.accounting practices
B.the supply chain
C.individual workers
D.external vendors

Answers

Answer:

C. Individual workers

Explanation:

A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18, year 2, under which it will purchase 300,000 Euros on February 18, year 3. Relevant exchange rates are as follows: Spot rate Forward rate for 2/18, year 3 November 18, year 2 $1.27 $1.30 December 18, year 2 1.32 1.25 December 31, year 2 1.35 1.31 February 18, year 3 1.37 The company purchased printing supplies from a German supplier on November 18, year 2, on 90 day terms, and is required to pay 300,000 Euros on February 18, year 3. When the exchange rate increased on December 18, the company decided to enter into the forward exchange contract, which was not designated as a hedge. What amount of foreign currency gain or loss should be recognized in income on December 31, year 2

Answers

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

If you owe $2000 on a credit card, at an 18.4% interest rate and you make $50
monthly payments, how long will it take you to pay this card off?

Answers

Answer: A

Explanation:

It will take 7.5 years

hello im Michal the fox how may tails i have three,two or,four

Answers

Answer:

2

Explanation:

Taking an online class doesn’t require any special skills.
a) true
b) false

Answers

Answer:

b) false

Explanation:

Taking an online class requires Primary Technology Skills. These skills help both the educator or teacher and the students to know how to navigate through the computer working space environments and the web or internet-enabled applications that are necessary for the online class.

Some of the primary technology skills needed include the following:

1. Skills in Word Processing.

2. Skills in Spreadsheets.

3. Electronic Presentation Skills.

4. Web Navigation Skills.

5. Skills in E-Mail Management.

Hence, the correct answer is FALSE

Answer:

b false

Explanation:

Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.

A. Other businesses
B.Employees
C.the government
D.charity organizations

Answers

Answer:

B. Employees

Explanation:

The correct answer is B)Employee’s hope this helps.

The rules an organization establishes to guide behavior are called
A. respect
B. crimes
C. laws
D. ethics

Answers

Answer:

ethics

Explanation:

Answer:D

Explanation:a p e x

ASAP How do the French measure success?

Answers

Answer:

The French measure success by how much time they got to spend with their family

Explanation:

while someone in the US bragging about work 100 hours a week making tons of money but never seeing their family or having outside of work hobbies could consider him/herself a success, a French person would probably not call that person a failure but would also not envy him/her at all.

In his autobiography (pp. 151-152), Mark Twain says the following: Once in Hartford the flies were so numerous for a time, and so troublesome, that Mrs. Clemens conceived the idea of paying George a bounty on all the flies he might kill. The children saw an opportunity here for the acquisition of sudden wealth. ... Any Government could have told her that the best way to increase wolves in America, rabbits in Australia, and snakes in India, is to pay a bounty on their scalps. Then every patriot goes to raising them. The response of citizens is an example of what economic principle

Answers

Answer:

a. Unintended consequences.

Explanation:

Unintended consequences refer to an outcome that is unforeseen or noy anticipated

While on the other hand, the law of unintended consequences deals with the decisions related to the economics that results are not expected

So here the given situation represents the example of an unintended outcome or result and the same is to be considered

Other Questions
Please help! Im dumb, and Ill mark brainliest for the person who has the best answer. Thank you for your time! During the fifteenth and sixteenth centuries, European powers such as _________, ____________, and __________ funded voyages to explore the world. This period is sometimes referred to as the ______ of ______________. Which of the following is a good strategy for finding the meaning of an unfamiliar word? a. Count the syllables in the word and find others that are similar in length. b. Make inferences about the meaning based on the words around it. c. Keep reading past that word so that you can continue with the story. d. Put the book down and do something else for at least 30 minutes. Use set notation, and list all the elements of the set.{x | x is a natural number greater than 14 and less than 22}The set is { } 1. If you move 4 meters north and move 2 meters south what is the distance and the displacement?2. If you move 2 meters east and move 4 meters west what is the distance and the displacement?Please help!!Itll be greatly appreciated What best describes ecosystem on earth You should a variety of different colored vegetables to get a variety of nutrients OA. True OB. False Roberto hikes 21.48 miles on one weekend. The next weekend he hikes 30 miles. How much less is the distance he hiked on the first weekend than the distance he hiked on the second weekend? Super easy 10 pointsWhich of these regions of the United States is MOST often identified with a desert environment?A. the SouthwestB.the Pacific NorthwestC. the MidwestD. the Great Plains Alcohol is prominent in how many sexual assaults annually? a) 50,000 b) 150,000 c) 250,000 d) 100,000 e) 200,000 f) Not Sure 1. Find the midpoint for each segment with the given endpoints.a. C(-2, 5) and D(8, -12) b. E(2.5, -7) and F(-6.2, -3.8) Some molecules found in foods are known to be capable of driving DNA methylation or DNA demethylation. For example, folic acid (a vitamin), vitamin B12, and choline are thought to increase methylation. Based on this consideration, why would it be important to avoid eating excessive quantities of such molecules (while being certain to eat sufficient quantities for health) PLEASE HELP BRAINIEST! Select two risk factors for self-harming behavior: A. Having never abused drugs or alcohol B. Being female C. Having high self-esteem D. Being a teenager or young adult What improvements did Pope Paul III make in the Catholic church? At the airport, 4 planes land every 8 minutes. At this rate, how many planes will land in one hour? (Hint: 1 hour = 60 minutes) 37 decimeters =____mmHelp? Define social protest and political motive. Describe their differing goals The Greenville youth football team bought new footballs for their practices. They bought 9 footballs for a total of $130.50. How much did each football cost? Background Information: This excerpt is from an essay by a scholar-official named Yuan Cai, who lived during the Song dynasty.According to this excerpt, what role are women expected to fulfill?