A. Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline word if the statement is FALSE. _______________9. Commerce is a basic economic concept involving the buying and selling of goods and services with compensation paid by a buyer to a seller, or the exchange of goods and services between parties.
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Q: market demand
A: Demand is defined as the quantity of the good or service demanded by a consumer at a particular…
A. Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline
word if the statement is FALSE.
_______________9. Commerce is a basic economic concept involving the buying and
selling of goods and services with compensation paid by a buyer
to a seller, or the exchange of goods and services between
parties.
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- a. In general, how do economists model criminal behavior, and what are some problems with it? b. Explain the formula for criminal behavior (each term and how they are combined).. Each answer should consist of one paragraph that contain analysis (not opinion). 1 Consider a highway with a hot lane and a lane that has no toll. Assuming that the toll must be paid by all cars that use the hot lane, no matter how many people are riding in them. What can you predict about the average occupancy of vehicles in the hot lane compared to vehicles in the other lane during rush hour? 2. Explain how making something illegal (like sex, booze or drugs) impacts the quality, quantity and price of the illegal substance. In addition, are there any unintended consequences of making drugs illegal that can cause harm to people? 3 Anti-fracking “Baptists” include those concerned with any further environmental degradation from extracting non-renewable resources from the earth. Identify the “bootleggers” who would support the Baptists, albeit not so publicly, but still forcefully. Why would these…1,Think back to August 6, 1945. The United States has just dropped an atomic weapon on thecity of Hiroshima killing tens of thousands of Japanese and devastating the infrastructure. AKeynesian at that time might conclude that there is a silver lining in the destruction, aseconomic prosperity will result. Evaluate the logic of this claim in a few sentences. 2,Most introductory economics textbooks have a section on “market failure.” It is here thatstudents learn that markets may fail to achieve their potential – leaving people worse off thanthey theoretically could be. The existent of market failure is often taken as an excuse forgovernment intervention to do whatever markets fail to do. In just a couple of sentences, explainwhy economists (and others, particularly politicians) must accept the possibility of “governmentfailure” as well? That is, tell me why government solutions to perceived market “failures” maythemselves fail to achieve their own stated goals? The U.S. Drug war is an…
- 1. What are the difficulties that a business may face when there is not businesa plan?2. The purpose of an ordeal mechanisms is to separate those who truly need assistance fromthose who can support themselves. True, False, or Uncertain? Support your answer with anexplanation (one to two sentences) or a diagram.I used the word Global POLITICAL ECONOMY to describe the sum total of all interactions in the world and how it relates to itself. The textbook uses two other words as the main PERSPECTIVES in the book. a. What other word describes the POLITICAL part of those interactions (the ____-based perspective)? b. What other word describes the ECONOMY part of those interactions (the ____-based perspective)? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 12. A justification for government intervention in the economy arises from the fact that market systems usuallyproduce ________ outcomes, but they do not necessarily produce ________ outcomes.A Efficient; equitableB Equitable; efficientC Efficient; profitableD Profitable; equitable1. Why might government be less capable than the market to do good? 2. The text makes it look as if maximizing output is the goal of society. a. Is maximizing output the goal of society? b. If the country is a Christian country, should it be? c. If not, what should it be? (Religious) 3. It has been said that “capitalism robs us of our sexuality and sells it back to us.” a. Does sex sell? b. Is sex used to sell goods from Land Rovers to tissue paper? c. Who, if anyone, is exploited in the use of sex to sell commodities? d. Are both men and women exploited in the same ways? (Feminist) 4. Thorstein Veblen wrote that vested interests are those seeking “something for nothing.” In chapter 2, you learned how technology shapes the economy’s production possibilities over time so that a country becomes increasingly good at producing a subset of goods. a. In what ways have vested interests used their influence to bias the U.S. economy toward the production of military goods at the expense…1. Which of these communication models explains that the speakers should adjust their messages according to the audience and the occasion to achieve a particular purpose? a. Plato’s communication model b. Barlund’s communication model c. Lasswell's communication model d. Berlo's communication model 2. According to this, it sets the standards to be observed by a person or company that will create a good reputation or a positive image not only of an individual but also for the organization. a. code of ethics b. work ethics c. personal ethics d. professional ethics 3. Which of these statements is not true about communication? a. It is a mistake to believe that communication is a complex process. b. It involves encoding and decoding of messages c. It employs graphic aids, props and costumes, signs and symbols, etc. d. All of the above statements are true.
- If the economic incentives "Covid-19" happens, about the goods 'mask', explain how to maximize short- and long-term profits, how government can intervene, problem of government intervention and how to deal with it. Use graphs to explain them.2. Compare and Contrast. Identify two modes of doing the same thing where one involves a more technologically advanced method. Example would be snail mail vs. e-mail. List down as many examples. Brainstorm with a partner if a less technologically sophisticated mechanism can actually turn out to be better in terms of reaching for the good life. Is the more technologically advanced always better?Please see question bellow and 1st answer. Please help with the 2nd part of the question. What kind of incentives would help with the problem? The black rhino is one of the most endangered species on the planet. In southern Africa in 1970 there were 65,000 Black Rhinos. Now there are only 2,500. Basic economics tells us why they are in trouble and what we can try to do about it. Why do people kill the black rhino? Because they can make a lot of money relative to the risk of getting caught - just like drug trafficking and lying on your taxes. In Asian communities the horn is viewed as an aphrodisiac and a powerful pain reliever. In Yemen sabers are made from them. As a result one horn can fetch $30K on the black market. The average yearly income in southern Africa is $1,000 and falling. The black rhino is worth more dead than alive. This is a market that does not correct itself. Another piece of this, that is common to many environmental challenges, is that most black rhinos are…