This topic contains a solution. Click here to go to the answer

Author Question: A waitress brings a free glass of wine when you sit down in a restaurant. This glass of wine is ... (Read 133 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
A waitress brings a free glass of wine when you sit down in a restaurant. This glass of wine is
 
  A) a service because the waitress carried it instead of making it.
  B) a good, but not an economic good because there is no price charged for the wine.
  C) a nongood because there is no price charged for the wine.
  D) an economic good because wine is produced with scarce resources, even if it is free to you.

Question 2

Which of the following illustrates the law of demand?
 
  A) More people watch college basketball in March than in November.
  B) The number of long distance calls in the United States is greater on Christmas than on Valentine's Day.
  C) College enrollment increases when federal tuition grants are readily available to students.
  D) The prevailing wage rate in an industry determines how many people choose to work in the industry.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mistyjohnson

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

D

Answer to Question 2

C




craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library