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16 August, 19:09

Match each scenario with the economic concept at play.

1. Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156.

2. Super Soba noodles was doing fine until the arrival of a new brand of noodles, Magic Soba. People stopped buying Super Soba, opting for Magic Soba instead. Gradually, Super Soba had to reduce production as demand decreased.

3. Michael owns a two-story house with a large lawn. He decides to use his house and lawn to run a fitness boot camp

consumer sovereignty

property rights

interest

+2
Answers (2)
  1. 16 August, 19:26
    0
    property rights Michael owns a two-story house with a large lawn. He decides to use his house and lawn to run a fitness boot camp.

    consumer sovereignty Super Soba noodles was doing fine until the arrival of a new brand of noodles, Magic Soba. People stopped buying Super Soba, opting for Magic Soba instead. Gradually, Super Soba had to reduce production as demand decreased.

    interest Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156.
  2. 16 August, 19:28
    0
    Consumer sovereignty - - > Super Soba noodles was doing fine until the arrival of a new brand of noodles, Magic Soba. People stopped buying Super Soba, opting for Magic Soba instead. Gradually, Super Soba had to reduce production as demand decreased.

    property rights - - > Michael owns a two-story house with a large lawn. He decides to use his house and lawn to run a fitness boot camp.

    interest - - > Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156.
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Home » Business » Match each scenario with the economic concept at play. 1. Jamie borrowed $10,000 from the bank. Eventually, the loan payments will total $11,156. 2. Super Soba noodles was doing fine until the arrival of a new brand of noodles, Magic Soba.
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