Ask Question
BusinessBusiness
24 March, 03:16

Of the categories of spending listed below, which is the smallest component of the market basket?

+1
Answers (1)
  1. 24 March, 04:05
    0
    Of the categories of spending listed below:

    A) Food at home

    B) Medical care

    C) Apparel

    D) Education

    the smallest component of the market basket is

    D) Education

    Explanation:

    The market basket refer to the items and products that can be bought and sold. Education is the smallest component of the market basket because usually books, notebooks, pen etc come under this component. Apparel, Medical care and food at home are bigger components of the market basket due to the variety of products in each category.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Of the categories of spending listed below, which is the smallest component of the market basket? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Ethics Review Board at XYZ College is composed of students who were elected by the student body. When a student is charged with an ethics violation, the Board meets to hear both sides of the dispute in a confidential meeting.
Answers (1)
I am a receptionist for a large corporation what is the career?
Answers (1)
Restrooms and the fixtures within them must be cleaned how many time
Answers (1)
In its statement of cash flows issued for the year ending September 30, Berne Company reported a net cash inflow from operating activities of $123,000.
Answers (1)
The predetermined overhead rate for Waterway Industries is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2.
Answers (1)
New Questions in Business
In perfect competition A. the market demand curve and the individual's demand curve are identical. B. the market demand curve is perfectly inelastic while demand for an individual seller's product is perfectly elastic. C.
Answers (1)
With regard to how people use time and their expectations of how it should be managed, members of which type of culture value efficiency production and fast results?
Answers (1)
How would u approach a fellow co-worker consistently does not perform hand-hygiene when it is indicated or appropriate.
Answers (1)
Which of the following statements is FALSE? A. The effective annual rate indicates the amount of interest that will be earned at the end of the year. B. The annual percentage rate indicates the amount of simple interest earned in one year. C.
Answers (1)
Match the business with the appropriate cost system (s) for that business using the number of the cost system where 1 = job order costing, 2 = process costing, and 3 = activity-based costing. a. Ketcher, Tryer, and Friar, attorneys-at-law b.
Answers (1)
Home » Business » Of the categories of spending listed below, which is the smallest component of the market basket?
Sign Up Forgot Password?