Answer:
labor
Explanation:
There are four factors of production; land, labor, capital and entrepreneurship:
- William is the entrepreneur,
- Capital accounts for the helicopters, facilities and the advertisement.
- Land in this case is the plot of land where the business will be located.
- But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.
Answer:
confused
Explanation:
The goods whose demand decreases in the market when the consumer income rises are known as inferior goods.
The goods whose demand increases in the market when the consumer income rises are known as normal goods.
Thus, the reasoning of the student is confused as the classification of the goods on the basics of normal or inferior depends on response of the demand when there is a change in consumer's income. Thus, the student's own perception about such classification is confused.
Answer:
total expenditures equal total production.
Explanation:
In the case when the economy is in the short-run equilibrium that means the total expenditures should be equivalent to the total production. In other words, we can say that the expenditure that can be incurred should be equal to the production
Hence, the last option is correct
You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.
A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.
<h2>Further Explanation</h2>
The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.
If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.
This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.
However, you will be required to provide your social security number in the following scenarios:
- When you need to apply for a federal loan
- When you need to apply for some kinds of public assistance
- When renting a car
- When you enroll in Medicare
- When you need to get a driver’s license and many more
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KEYWORDS:
- renting a car
- medicare
- social security number
- federal loan
- nine digits
