Author Question: From an economic point of view, _____ makes a lot of sense because it takes advantage of the gains ... (Read 151 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 word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library