Author Question: From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains ... (Read 51 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains produced by specialization.
 
  a. bicameral legislatures
  b. representative democracy
  c. proportionality in the House of Representatives
   d. bureaucracy

Question 2

Tastes are starting to change for hybrid vehicles such that consumers are purchasing more hybrid vehicles and suppliers are choosing to produce more hybrid vehicles than they were five years ago.
 
  Due to the change in tastes, equilibrium price has fallen and equilibrium quantity has increased relative to the hybrid market from five years ago. What is the likely cause of this result? A) Supply increased by more than demand.
  B) Demand increased by more than supply.
  C) Demand and supply increased by the same amount.
  D) Only supply increased.



Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

b

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

For a complete list of videos, visit our video library