Author Question: From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains ... (Read 145 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?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library