Which item, when purchased new, would have the lowest price elasticity of demand?

Answers

Answer 1

Socks would have the lowest price elasticity of demand when they are brand-new.

What is demand?

Demand in economics refers to a consumer's desire to buy products and services as well as their readiness to pay a given price for them. The quantity demanded of an item or service typically decreases as its price rises. The amount demanded will rise in response to a decrease in the cost of a commodity or service.

Because it makes sense and organically happens throughout nearly any day, demand is a concept that both consumers and businesses are highly familiar with. For instance, customers who are keeping an eye on certain items may purchase more of them when the prices are low. Shoppers purchase fewer items or sometimes none at all when anything occurs that increases the price, such as a change in season.

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Related Questions

In addition to making many decisions about how to conduct research. which of these must a researcher do when engaged in a research study?

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In addition to making many decisions about how to conduct research. researchers should document the decisions made.

A research report is a documentation that is made from the results of research conducted by researchers.The information contained in such a report is condensed or summarized. These reports can be sent to journals where the contents are reviewed by peers. Summarily, a research report presents the findings from research in a summarized form.

The best way to start a research report is to think about the questions you want answered. You first have to identify the things you want to know. That's when you are going to decide on your topic. If you have a topic, then you can proceed with the research process.

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A rhode island state statute imposes a prison term, without trial, on all street vendors who operate in certain areas. a court would likely hold this statute to be?

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This is a situation of unconstitutional no person deprived of life, liberty, without fair procedures.

What does unlawful government entail?

A government without a constitution is unconstitutional. Absolute monarchy and military dictatorships are typically seen as unconstitutional forms of government. Unconstitutional governments inevitably offer less freedom, equality, and justice than constitutional ones.

If a statute is unconstitutional, what happens?

                                             In each case, the legislature may choose one of three actions: either do nothing, change the law, or repeal it. Following a court judgement stating that a statute is unconstitutional, the legislature may decide not to act for a number of reasons.

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Freud defined _____ as a result of unresolved conflict between the ego and id or the ego and superego.

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The answer is anxiety or psychological disorders.

Freud defined anxiety or psychological disorders as a result of unresolved conflict between the ego and id or the ego and superego.

This anxiety or psychological disorder results in maladaptive personality.

What is the id, the ego and the superego, defined by Freud?

Psychoanalysis, a clinical technique for identifying and treating diseases in the psyche through conversation between a patient and a psychoanalyst, was developed by Austrian neurologist Sigmund Freud. According to the psychoanalytic theory formulated by Freud, the ego is the realistic component of the mind that mediates between the desires of the id and the super-ego. The id is the primal and instinctual part of the mind that contains sexual and aggressive drives as well as hidden memories. The third component superego works as a moral conscience.

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The country of southernberg is the only producer of oil. this gives southernberg a(n) _____.

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The country of southernberg is the only producer of oil. this gives southernberg  absolute advantage.

What is meant by absolute advantage?

This is the term that is used in economics to refer to the fact that a nation has more advantage at the production of a given resource. That is the nation when compared with another nation would be able to create a product with the use of less resources than what their counterparts would do.

Hence we can say that the country of southernberg is the only producer of oil. this gives southernberg  absolute advantage.

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You are examining a patient in the emergency department who has recently sustained head trauma. in order to initially assess this patient's neurologic status, you would:__________

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The correct answer is (b) test the six cardinal points of gaze.

A neurological exam, often known as a neuro exam, is an evaluation of a person's nervous system that can be performed in the office of a healthcare professional. Lights and reflex hammers can be used to accomplish this. It normally does not give the patient any discomfort.

What exactly is a neurological assessment?

A battery of questions and tests designed to assess brain, spinal cord, and nerve function. The exam assesses a person's mental state, coordination, walking abilities, and the function of the muscles, sensory systems, and deep tendon reflexes.

What does the six cardinal gaze mean?

Individual extraocular muscles are isolated in the six cardinal positions of eye gazing. The six positions of gaze are watched to see if the eye moves in each direction in order to identify which muscle is faulty.

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The complete question is:

You are examining a patient in the emergency department who has recently sustained head trauma. To initially assess this patient's neurologic status, you would

A. ask him to discriminate between the smell of orange and peppermint.

B. test the six cardinal points of gaze.

C. palpate the jaw muscles as the patient clenches teeth.

D. observe for swallowing and test the gag reflex.

E. test the patient's tongue movements.

Driver base driving decisions on appropximately _____ percent of what they see and approximately _____ percent of what they hear or feel.

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Driver base driving decisions on appropximately 90 percent of what they see and approximately 10 percent of what they hear or feel.

Driving a vehicle also involves knowledge of the driving techniques, compliance with the rules of vehicular circulation. The rules of vehicular circulation are those that regulate the fact that drivers comply with the monitoring of traffic signals, traffic lights and other types of road signs. Therefore the driver must comply with these rules and safety measures to drive, among these the most prominent are:

- Use the safety belt at all times.

- Read and respect traffic signals and road signs.

- Respect the right of way of other vehicles and the right of transit of pedestrians.

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Specific and pervasive boundaries for behavior that should not be violated are known as _______

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Specific and pervasive boundaries for behavior that should not be violated are known as codes of conduct.

What is a Code of Conduct?

This refers to the boundaries or rules that are set that are meant to guide the behavior or actions of a person. Hence, we can see that Specific and pervasive boundaries for behavior that should not be violated are known as codes of conduct.

Code of conduct or ethics is a document that brings together the principles and values ​​adopted by an organization, professional class or nation. It serves as an internal regiment, with the central objective of promoting a homogeneous posture among all the members of the group that formed it.

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Research suggests that the _______ plays a more important role in working memory in late adolescence than in early adolescence.

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Research suggests that the prefrontal cortex plays a more important role in working memory in late adolescence than in early adolescence.

What is the prefrontal cortex?

This is the term that is used to refer to the part of the human brain that is known to carry out the cognitive function in humans. This is the part that is majorly responsible for memory and all forms of cognitive flexibility in people.

Hence we can say that Research suggests that the prefrontal cortex plays a more important role in working memory in late adolescence than in early adolescence.

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What is the longest time after birth that the apgar test is conducted for the second time? record your answer using a whole number. _______ minutes

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The longest time after birth that the Apgar test is conducted for the second time is after 5 minutes after birth.

What is Apgar score?

Doctors and nurses evaluate babies one minute and five minutes after birth using a scoring system called the Apgar score. One minute and three minutes after birth, newborns are typically given the Apgar score, a common neonatal health evaluation score. The score is based on a number of assessment factors that are intended to evaluate the general health of a baby. The objective of the test are to decrease infant mortality and identify patients who require urgent medical attention.

The test is typically given twice after birth, at different times. One minute after delivery, the first Apgar test is performed. The 1-minute Apgar score is a measurement of the test's outcomes. The 5-minute Apgar score is the name of the second test, which is performed 5 minutes after birth.

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Honey should not be given to infants under the age of 1 year because it may contain spores of _____ that, in severe cases, may lead to paralysis.

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Honey should not be given to infants under the age of 1 year because it may contain spores of botulinum which germinate into bacteria that colonize and release toxins in the gut.

Giving honey to babies under the age of 12 months has been linked to infant botulism, a rare but serious condition. The exposure to bacteria spores causes infant botulism. Clostridium botulinum bacteria spores can grow and multiply in the intestines of your baby. This results in the production of a dangerous toxin that causes infant botulism.

Infant botulism is most common in babies under the age of six months. Most adults and older children have intestine defenses that keep spores from germinating and reproducing. The spores that cause botulism are not only found in honey. These spores are also found in soil and dust.

Infant botulism symptoms can be mild or severe, and they include:

Overall sluggishness or floppinessFeeding slowlyConstipationfacial expression lossGagging reflex relaxation

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If noncompliance with a law is discovered during the audit of a publicly held company, the auditors should:_________

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If non-compliance with a law is discovered during the audit of a publicly held company, the auditors should: 'report the act to high level personnel within the client's organization and to the audit committee'.

Non- compliance with laws may implicate fines, penalties or other consequences for the entity that may have a material bounding on the financial statements.

It is an act of not obeying a rule or law, especially related to an industry or organizational work.  Non-compliance with environmental laws can be both costly or sometimes criminal offense. "Willful non-compliance" is an act done with an intentional and known disregard of the law.

It can leave you at risk for "financial losses, security breaches, license banned, business bankruptcy,  lack of trust and a damaged life- time reputation".

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Which early psychological perspective was most directly influenced by evolutionary theory?

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The early psychological perspective that was most directly influenced by the evolutionary theory was the Freudian theory

What is Psychology?

This refers to the study of the mind in order to discover and determine the inherent motivation that makes a person act and behave in a certain way.

Hence, we can see that The early psychological perspective that was most directly influenced by the evolutionary theory was the Freudian theory

This is because Sigmund Freud himself was greatly influenced by the Charles Darwin theory and he was fascinated with the Darwinian theory of evolution and made more research on it.

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Based on the results of the national surveys conducted in 2009 that were funded by the kaiser family foundation, identify a true statement about me dia use and screen time in adolescents' lives.

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Based on the results of the national surveys conducted in 2009 that were funded by the kaiser family foundation, identify a true statement about media use and screen time in adolescents' lives media use jumps more than 3 hours in early adolescence.

In line with the brand new model of figure-adolescent relationships, the following is a gain of regular negotiations and minor disputes. They help children emerge as more self-sufficient. that mother and father serve as important attachment figures and assist systems while teens explore a much broader, more complex social global.

Similarities between Anorexia Nervosa and Bulimia Nervosa Behaviors. A preoccupation with weight and body photos is located in each anorexia and bulimia ingesting issue. teenagers with anorexia nervosa or bulimia nervosa may additionally have a severe fear of gaining weight and a wildly inaccurate notion of self.

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In terms of fluency and originality, cam is experiencing a peak in both measures of creativity. what grade is cam attending at school?

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Cam is reaching a peak in both fluency and originality, two indicators of creativity. Cam is a student in the fifth grade.

What do you mean by creativity?

Something fresh and valuable is created as a result of creativity. The created item may be material or intangible (for example, an idea, a scientific theory, a musical piece, or a joke) (such as an invention, a printed literary work, or a painting). Numerous academic fields, particularly psychology, business studies, and cognitive science, have an interest in creativity. However, it can also be found in science, technology, engineering, philosophy, theology, sociology, linguistics, the arts, economics, and mathematics, as well as in education, the humanities, and engineering.

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According to the text, those who want to have a greater impact on the political system and get more of what they want should ______.

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According to the text, those who want to have a greater impact on the political system and get more of what they want should be the way we organize and live our collective lives.

What is political system?

A political system is any form of political organization that a state can recognize, note, or otherwise state. It describes how choices are made by the government informally.

The utilization, production, and distribution of resources in each particular civilization are decided by formal and unofficial political organizations.

Thus, it is the way we organize and live our collective lives.

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Ocialization is essential for the survival and stability of society. which perspective on socialization and society does this statement reflect?

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Functionalist Perspective Socialization is essential for the survival and stability of society. perspective on socialization and society does this statement reflect.

The position of socialization is to acquaint people with the norms of a given social group or society. It prepares people to take part in a set by illustrating the expectations of that group. Socialization may be very crucial for youngsters, who start the system at home with their own family and maintain it at school.

The own family is one of the maximum stability components of socialization for children, due to the fact, that their first contact is with their own family, and for the first few years of life, children have interaction often with a circle of relatives. children research their values, norms, and ideals from their families.

The socialization technique is a method that converts a “person” into a “social being”. The primary means of this announcement is this method teaches a man to behave according to the policies and norms of a society.

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After the arrival of europeans, the greatest number of indians died as a result of:________
a. depression.
b. starvation.
c. battle.
d. disease.
e. enslavement.

Answers

After the arrival of Europeans, the greatest number of Indians died as a result of: As a result of diseases.

When the Spanish and other Europeans came in the New World in the sixteenth century, they brought with them diseases that the native Indian populations had never heard of and for which they had immunological response or antibodies.

Siphyllis and smallpox are two instances. It is hard to know how many Indians perished today from illnesses brought on by new viruses and bacteria, but estimates range from 40 to 60 million deaths or perhaps 100 million, depending on the source.

In conclusion, the vast majority of Native Americans who resided in the Americas died from diseases after the advent of Europeans.

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Patriarchy can be defined as? a. homophobia b. male domination c. male objectification d. empowerment

Answers

Answer:

Explanation:b

There is no formal, centralized system for coordinating or regulating all of the different law enforcement agencies. this decentralization is known as?

Answers

There is no formal, centralized mechanism in place to coordinate or manage all of the various law enforcement organizations. This fragmentation of power is called decentralization.

When data isn't physically written on a drive near enough, it can fragmentation on a hard drive, memory module, or other medium. The term "fragments" is used to refer to those separated, discrete chunks of data.

As you just read, fragmentation are essentially portions of files that are not stored on the drive next to one another. Though it can seem bizarre to consider and like something you would never notice, it is true.

When you create a new Microsoft Word document, for instance, you can view the entire document in one location, such as your Documents folder or the Desktop. fragmentation is available for opening, editing, removal, and renaming in any way you choose. Although it appears like everything is occurring in one location from your vantage point, this is frequently not the case, at least physically, while you are driving.

Instead, your fragmentation is likely only preserving a piece of the file at a time, with the remaining content maybe existing elsewhere on the storage device, possibly far away... relative speaking, of course. Your hard drive swiftly assembles all the bits when you open the file so that the rest of your computer system may use it.

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Currently, the number of years required for the world's population to double is approximately:__________

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Currently, the number of years required for the world's population to double is approximately 61 years.

To determine the doubling time of an area that is the time it takes for a population to double itself we have to divide 70 (which basically comes from natural log of 2) by the current growth rate of that area. The current growth rate is of 1.14% so dividing 70 by 1.14 we get approx 61 years.

Thus, by the time it is 2083 we would have doubled our world population from 7.7 billion to approx 15 billion which is quite massive. To sustain such a huge population on this planet is going to be difficult in our current situation.

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What service can you use to keep time synchronized across the machines on your fleet?

Answers

Answer: Network time protocol or NTP

Explanation:

The aryans migrated south from __________ in the 5th millennium bce and spread over northern india, the middle east, and europe eclipsing the peaceful, older goddess culture

Answers

The Aryans migrated South from the Northern Europe in the 5th millennium bce and spread over northern India, the middle east and Europe eclipsing the peaceful, older goddess culture.

Who were the Aryans?

These were the group of people who originated in ancient Iran, as well as the northern areas of the Indian subcontinent. These people were believed to have existed during prehistoric times and they most likely spoke an archaic Indo-European language.

During the late 20th centuries, so many white supremacist groups used the Aryan in their name as an identifier of their racist ideology. The groups include the Aryan Circle which was a large group that had its roots in the Texas prison system and the Aryan Nations which was a Christian Identity-based hate group prominent in the late 20th century.

However, in this current century, the Aryan concept was also used to describe a light-skinned group of people who are believed to have conquered India from the North. The theorists of the "Aryan race" believed them to have brought important advancements to Indian culture, although, this theory is no longer supported by modern theorists.

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8. Identify the city and lies closest to each pair of coordinates
a. 30°N, 90°W
b.
30°N, 30°E
c. 60°N, 30°E

Answers

Cairo is the city that is closest to each pair of coordinates 30°N and 30°E.

What is the location of Cairo?

Cairo, Egypt's massive capital, is located on the Nile River. Tahrir Square and the Egyptian Museum, which houses royal mummies and treasures from King Tutankhamun, are at the heart of the city.

It can be found at the coordinates 30°N and 30°E, as shown in the image.

As a result, Cairo is the city located between the coordinates 30°N and 30°E.

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What happens when heavy alcohol use stops and the alcohol has disappeared from the body of a person who has been drinking alcohol heavily over a prolonged period?

Answers

High activity level of the metabolic enzymes continues for four to eight weeks.

Metabolic enzymes are a loosely described elegance of enzymes that alter metabolic pathways in power homeostasis, such as glucose, lipid and amino acid metabolisms. Metabolic enzymes often serve as drug targets for metabolic illnesses which include obesity, insulin resistance, diabetes, and cardiovascular diseases.

What are the examples of metabolic enzymes?

Metabolic enzymes embody a extensive range of various protein training, consisting of carboxylases, dehydrogenases, lipoxygenases, oxidoreductases, kinases, lyases, transferases, and more.

What number of metabolic enzymes are there?

Of the metabolic enzymes, 343 are multifunctional. The number of enzymes is much less than the quantity of enzyme genes because, in lots of instances, the products of more than one genes are required to form one active enzyme complicated.

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A researcher mixes 10 grams of sodium hydroxide in a 100-ml flask, with different amounts of hydrochloric acid, to study the ph of the solution. the independent variable is ___________.

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A researcher mixes 10 grams of sodium hydroxide in a 100-ml flask, with different amounts of hydrochloric acid, to study the ph of the solution. the independent variable is hydrochloric acid.

What hydrochloric acid is used for?

Batteries, photoflash bulbs, and fireworks are all made with hydrochloric acid. Additionally, it is employed in the production of gelatin goods, building and construction, and the processing of leather.

As an illustration, you may look into how changing the reactants' temperature might affect the reaction's pace. Being the variable that is changing, the temperature would be considered the independent variable. The reaction rate is the dependent variable since the temperature has an impact on how quickly a reaction occurs.

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When driving on a two-lane highway, if an aggressive driver behind you rapidly flashes their headlights and then pulls out to pass you, you should?

Answers

If when driving on a two-lane highway, an aggressive driver behind you rapidly flashes their headlights and then pulls out to pass you, you should: Move your vehicle toward the right side of your own lane and do not speed up.

What is two-lane highway?

Two-lane highway can be defined as the highway that has two lane which are opposite each other in which one lane is on the right side and the other lane is on the left side and the lane you face tend to depend on the direction you are coming from.

Make sure you move your vehicle toward the right side of  the lane you are, do not speed up so as to allow the aggressive driver to pass as this will help to prevent you from colliding with the aggressive driver car or crashing your vehicle.

Therefore you should move your vehicle toward the right side of your own lane and do not speed up.

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Complete informed consent is necessary when a research places the participants at greater than ________ risk.

Answers

Complete informed consent is necessary when a research places the participants at greater than minimal  risk.

What is the meaning of informed consent?

This is the term that has to do with the fact that a person would give their consent to a research that wants to have them as a research subject but only after they have being given all of the details that they would need to tell them all that the research entails.

Hence we can say that complete informed consent is necessary when a research places the participants at greater than minimal  risk.

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Elect the statement regarding cluster sampling that is false.
a.) the total population is divided into groups.
b.) every element of some groups is inc

Answers

The given statement, "every element of the total population has an equal probability of being selected," is a false statement regarding cluster sampling.

In cluster sampling, we divide a population into clusters, which are smaller groups, then we choose a sample at random from these clusters.

Often employed to investigate huge populations, particularly those extensively geographically distributed, cluster sampling is a probability sampling technique.

The terms "simple random sample" and "simple random sampling" refer to situations where each subject in the population shows an equal chance of being selected for the sample.

The given question is incomplete, the complete question is

Select the statement regarding cluster sampling that is false.

a) Every element of the total population has an equal probability of being selected.

b) Every element of some groups is included in the sample.

c) Some of the groups are randomly selected.

d) The total population is divided into groups.

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do you think we all need to help to protect the planet?

Answers

A planet is a celestial frame that (a) is in orbit around the solar, (b) has enough mass for its self-gravity to triumph over inflexible frame forces so that it assumes a hydrostatic equilibrium (almost spherical) shape, and (c) has cleared the neighborhood around its orbit.

The coldest planet in our solar gadget on file goes to Uranus which is toward the solar and 'only' approximately 20 instances in addition away from the sun than the Earth is. the bottom temperature recorded there were minus 224 ranges Celsius.

According to the IAU, Pluto is technically a “dwarf planet,” because it has not “cleared its neighboring region of other objects.” this means that Pluto still has plenty of asteroids and other area rocks along its flight path, in preference to having absorbed them over time, like the larger planets have executed.

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Claim: This is the best car model available.

Which statement would be the most appropriate counterclaim by giving specific reasons why this is not the best car model available?

That model of car is too expensive for me.
That model of car received poor safety ratings and does not meet gas mileage standards.
That model of car does not come in many colors.

Answers

Answer:

That model of car received poor safety ratings and does not meet gas mileage standards.

Explanation:

It is the answer choice with the most details in reasoning. The other answer choices include vague counterclaims with many generalities.

Answer: That model of car received poor safety ratings and does not meet gas mileage standards.

Explanation: It is the most specific answer out of all of them, and would be the best counterclaim out of the answer choices.

Other Questions
Amazon often utilizes the ups in order to help deliver packages to their final destinations. in this relationship ups is best described as a ____. mutation and recombination are the only processes that can increase genetic variation because they are also the only processes that: Exercise 2 Write the plural of each word.wife One of the most important ways that erps benefit organizations and their business processes is? A manner of studying human development that stresses the fluctuations that occur constantly throughout life is referred to as the? Exercise 3 Correct the following sentences. Cross out any incorrect words and write the changes above them. Look for subject-verb agreement, pronoun-antecedent agreement, and correct verb tenseThe soybean crop have withered in the drought. It is 1786 and william, who lives in rhode island, is hearing talk of replacing the articles of confederation. which is a fear william is most likely to have? Joann works in a publicity office at the state university. she is paid $ 13.00 an hour for the first 35 hours she works each week and $ 19.50 an hour for every hour after that. if she makes $ 572.00 one week, how many hours did she work? Studies of the socialization effects of sports participation have produced inconclusive and inconsistent findings because researchers have mistakenly assumed that:________ The circulatory motion of descending cool air and ascending warm air is known as? In the product markets of the circular flow model, households provide __________ to the business sector in exchange for goods and services. Economics:Billy builds a paper airplane and sells it to his friend Marcus for $5. Is the piece of paper an economic resource? How do you know? A(n) _____________ is a mixture of fuel and oxygen for which the masses of these two components are exactly those needed for complete combustion, with no residue. A square that is 6 m on a side is placed inside a rectangle that has a width of 11 m and a length of 18 m. What is the area of the region inside the rectangle that surrounds the square? A sample of Element X is found to contain 75.15% of isotope type 1 (83.9118 amu) and 25.85% of isotope type 2 (86.9092 AMU). Calculate the average atomic mass. The opportunity cost of producing a tub of ice cream is ______________ at point a than at point b. the opportunity cost of producing a pound of butter is ______________ at point b than at point a. the gospel (words of jesus) alone is sufficient to rule the lives of christians everywhere- and additional rules made to govern mens conduct added nothing to the perfection already found in the gospel of jesus christ. what does the qoute above illustrate about the critiques against the catholic church? -people were unhappy about the money that the church was making-people were unhappy that the church was too involved in government -people felt like the church was not enough involved with the lives of their followers -people were unhappy about all the rules that the church created to govern their followers What is the main difference between a randomized controlled trial and a cohort-analytic study design? taylor has 85 cents in imes and nickels in her pocket. the number of dimes is four more than the number of nickels. How many of each coin does she have? When oceanic lithosphere collides with another plate, the ________ in the process of subduction