Related questions with answers

Explain how the decisions you make as a consumer influence the economy.

When a firm's demand curve is tangent to its average total cost curve, the

a. firm's economic profit is zero.
b. firm must be earning economic profits.
c. firm must be incurring economic losses.
d. firm must be operating at its efficient scale.

What is the economic entity assumption?

Question

What is the impact of economic concepts in the U.S. Constitution on contemporary economic issues and policies? Use specific examples from the chapter to support your conclusions.

Solution

Verified

The impact of economic knowledge in the US Constitution for modern economic matters and policies, is that times are changing and occasionally an old law might not work as fine for the present as it did when the regiment initially created. For example the Article I Section 2 and 9 mention that anyone going to pay the same amount for taxes, but subsequently the 16th Amendment changed that and Congress had allowed to increase taxes by revenue.

Create an account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

Continue with Google

Continue with Google

Continue with Facebook

Continue with Facebook

Create an account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

Continue with Google

Continue with Google

Continue with Facebook

Continue with Facebook

Recommended textbook solutions

Economics: Principles in Action 1st Edition by Arthur O'Sullivan, Steven M. Sheffrin

Economics: Principles in Action

1st Edition•ISBN: 9780131334830 (1 more)Arthur O'Sullivan, Steven M. Sheffrin

831 solutions

Principles of Macroeconomics 6th Edition by N. Gregory Mankiw

Principles of Macroeconomics

6th Edition•ISBN: 9780538453066 (1 more)N. Gregory Mankiw

684 solutions

Principles of Economics 8th Edition by N. Gregory Mankiw

Principles of Economics

8th Edition•ISBN: 9781305585126 (1 more)N. Gregory Mankiw

1,351 solutions

Cambridge IGCSE Business Studies 4th Edition by Karen Borrington, Peter Stimpson

Cambridge IGCSE Business Studies

4th Edition•ISBN: 9781444176582Karen Borrington, Peter Stimpson

467 solutions

More related questions

sociology
As economic theories, socialism and communism seek to
us history
Identify Economic Contributions of Women

Identify the economic contributions of women to American society. Write a paragraph identifying the economic roles women played in colonial society. Identify the contributions of planters' wives, farmers' wives, backcountry wives, women in cities, and women in trades.
marketing
What are the four economic resources?
business
Define the term ‘economic sector’.
economics
What is the role of the Council of Economic Advisers?
economics
The internet is reshaping traditional economic arrangements by?
economics
Why is economic growth important?
marketing
What are the key economic measurements?
economics
A prolonged economic contraction is known as a _____.
economics
Define Council of Economic Advisers
economics
Define what is economic interdependence?
biology
Of what economic importance are earthworms?
biology
Generalize the economic value of bryophytes.

1/4

sociology
As economic theories, socialism and communism seek to
us history
Identify Economic Contributions of Women

Identify the economic contributions of women to American society. Write a paragraph identifying the economic roles women played in colonial society. Identify the contributions of planters' wives, farmers' wives, backcountry wives, women in cities, and women in trades.
marketing
What are the four economic resources?
business
Define the term ‘economic sector’.
economics
What is the role of the Council of Economic Advisers?
economics
The internet is reshaping traditional economic arrangements by?
economics
Why is economic growth important?
marketing
What are the key economic measurements?
economics
A prolonged economic contraction is known as a _____.
economics
Define Council of Economic Advisers
economics
Define what is economic interdependence?
biology
Of what economic importance are earthworms?
biology
Generalize the economic value of bryophytes.

1/7