Author Question: Which of the following is a root cause behind competition inherent in every society? a. Unlimited ... (Read 49 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
Which of the following is a root cause behind competition inherent in every society?
 a. Unlimited wants of the people
  b. People's desire to acquire goods and services for free
  c. Scarcity of goods and services
  d. Genetic makeup of people

Question 2

Suppose a budget line is drawn with X on the horizontal axis and Y on the vertical axis. A decrease in the price of X will cause:
 a. an increase in the vertical intercept and no change in the horizontal intercept.
  b. a decrease in the vertical intercept and no change in the horizontal intercept.
  c. an increase in the horizontal intercept and no change in the vertical intercept.
  d. a decrease in the horizontal intercept and no change in the vertical intercept.
  e. a parallel, rightward shift of the budget line.



lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

C

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library