How can oppotunity cost affect behavior?

Q: If bribery is common in a particular country, what effect will it have on the nation’s economy and…

A: A country in which bribery is common will not be able to function properly because corruption…

Q: Do you think integrative approach to negotiation is more effective that distributive approach?

A: The distributive approach to negotiation is a competitive strategy, though the integrative approach…

Q: Can I also have answers D and E? Thank you!!!

A: The loanable funds market describes the process of borrowing. Savings provide the source of loanable…

Q: Why is it so important to get incentives right when creating a policy

A: Policymakers need to think about incentives so they can understand how people will respond to the…

Q: If bribery is common in a particular country, what effect will it have on the nations economy and…

A: Bribery: It means the act of offering money or any valuable thing for persuading them to do…

Q: The text attributes various functions to arguments, including to justify, to persuade, and to…

A: TRUE

Q: What is the purpose of knowing everything about arnis?

A: The national martial art sport of the Philippines is Arnis which is also known as Eskrima and Kali.…

Q: Why is the government sometimes a part of the problem of coordination failure rather than the…

A: Coordination is maintained when all the members of a group cooperate with each other in order to…

Q: How has the medium of exchange evolved?

A: Money- a medium of exchange used in transactions made for good & services. It reduces double…

Q: How do you think Smith's book influ- States? What are economic enigmas?

A: When the American Revolution began, a Scottish philosopher began his own economic revolution. In…

Q: Define the parts of Hegemony and use an example to explain how it works.

A: Hegemony is the act of social dominance by one social group over another in the aspects of value and…

Q: How did the administrative command system give rise to the “shadow Economy”? How did the shadow…

A: Shadow economy: Shadow economy, often known as the underground, informal, or parallel economy,…

Q: Under which of these conditions is terrorism most likelyto occur?____ a. countries that are…

A: Terrorism is an unfair activity for social, economic, and political aspects of an economy.

Q: Create a policy that would tamper the market failure.

A: Market Failure: Market failure is an economic situation that generally existed in the free market…

Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…

A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…

Q: What is collusion in economics

A: Answer to the question is as follows:

Q: What is cost leadership strategy advances?

A: In a market, there are different strategies used by the firms to gain competitive advantage such as…

Q: According to Joel Waldfogel how much value is “destroyed” as a result of Christmas gift giving?

A: Deadweight loss is the loss created by the market inefficiency to the society due to the out of…

Q: The international terror campaign being waged by Al Qaeda has an underlying economic motive. T or F?

A: Terrorism is defined as the use of violence and fear to achieve an ideological goal in its broadest…

Q: Discuss the nature of global terrorism.

A: The term global terrorism signifies any act of violence intended to trigger mass societies of a…

Q: What is infation? Suppose an individual’s retirement plan consists of putting$100 into a safe. What…

A: Definition:  Paul Samuelson (American economist) defines as " a rise in the general level of…

Q: If opportunity cost of going to prison for a person falls,this person is less likely to commit a…

A: The opportunity cost of committing crime comprises of the net advantage of the lawful activity done…

Q: What is moral hazard?

A: Asymmetric information arises in the market, where one of the parties involved in the transaction…

Q: Is Dismal theorem is better than stern review?

A: The Economics of Climate Change is concerned with the identification and measurement of the diverse…

Q: What is systemic initiative

A: Initiating is having the ability to take action independently which advances a series of actions.…

Q: Describe what mercantilism is.

A: Mercantilism was an economic philosophy and popular practice in Europe from the 16th to the 18th…

Q: What sectors of life the loss aversion can be found in? Explain.

A: Loss aversion basically refers to a cognitive bias that explains why the agony of losing is twice as…

Q: Why is countertrade considered inefficient?

A: Meaning of Countertrade: The term countertrade refers to the situation where it differs from…

Q: What is the economic impact of power quality on consumer side?

A: Power quality: Power quality alludes to the capacity of electrical equipment to devour or consume…

Q: Can the central-city dilemma be solved?

A: Central City dilemma can be solved.

Q: In a single-payer system, which of the following is true?

A: In the United States, single-payer systems have already been suggested as an alternative to health…

Q: what is the difference between an opportunity and a threat

A: In economics, producers have to deal with various market uncertainties that can positively or…

Q: What are the example and scenarios of Transaction cost theory?

A: Transaction costs are the expenses associated with purchasing or selling products or services.…

Q: “In the value chain, the term “service” refers to _________.”

A: Value chain: It refers to a bit-by-bit plan of action for changing an item or administration from…

Q: Does a nudge force people to make a better choice?

A: Th nudge theory is based on the behavioral science application in economics based on which the…

Q: How can an anticipated change affect a market players decision?

A: Anticipating decision of different players in the market and how will they react in a period of time…

Q: Intermediary goods are the goods which are used for satisfying human wants  True/False

A: Those goods which are raw material in the production of some other goods are refferd to be as…

Q: A thug wants the contents of a safe and is threatening the owner, the only person who knows the…

A:

Q: What are some of the O-ring model's application to everyday society?

A: O-Ring Theory:It is an economic development model that is otherwise known as an O-ring model. It…

Q: Is it the only goal of economicpolicymakers?

A: A person held accountable for or being involved in the policy formulation process is known as the…

Q: What does the high transaction costs associated with a barter system refer to?

A: Barter System: The barter system refers to the method of exchange of goods and services between two…