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What accurately describes a situation in which substitution occurs?
A restaurant starts using margarine instead of butter because butter becomes more expensive
Which of the following accurately describes the effect of a situation of scarcity?
Theres a shortage of oil, pushing car companies into researching alternative fuels
What if the following describes a situation in which there would be a decreasing marginal utility?
Buying a second winter coat.
What accurately describes a situation in which consumers have inelastic demand?
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
Which of the following accuratly describes a situation in which consumers have elastic demand?
People give up eating pasta and bread because they want to lose weight
What accurately describes a situation in which substitution occurs?
A restaurant starts using margarine instead of butter because butter becomes more expensive
Which of the following accurately describes the effect of a situation of scarcity?
Theres a shortage of oil, pushing car companies into researching alternative fuels
What best describes the situation of?
Please provide more specific information so I can assist you accurately.
Which of the following describes a situation in which government spending exceeds its revenue?
budget deficit
What if the following describes a situation in which there would be a decreasing marginal utility?
Buying a second winter coat.
Which of the following describes a situation where the goal of security is being pursued?
The government establishes a retirement program for its citizens.
Which of the following terms describes a situation in which a single corporation lacks competition and controls the market for a certain product?
monopoly
What accurately describes a situation in which consumers have inelastic demand?
People cannot quit drinking coffee even though they want to cut down on caffeine intake.
How would you describe a situation in which substitution occurs?
Substitution can occur in a great many different situations. Substitution usually occurs when someone is scheduled to teach for example and becomes sick.
Which of the following describes a situation in which a president negotiates a deal directly between the executive branch and a foreign government?
an executive agreement
Which of the following terms describes a situation in which the issues that divide the political parties change in a way that cuts across existing political coalitions?
a realignment
Which of the following describes a situation in which a president uses the media attention given to the president's office to build support for policy proposals?
going public
