Is it the only goal of economicpolicymakers?

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: What is the value base of communitarian capitalism?

A: The philosophy of communitarianism emphasises the individual's relationship to the greater…

Q: What is one way in which an individual citizen can influence the government?

A: Individual citizens can able to influence government through various ways.

Q: Can Capitalism be classified as a religion? Explain

A: Capitalism is an economic system based on the private ownership of productive assets and their…

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: Please can you help me with this question, what is the mailbox rule and can you give some modern…

A: Definition It is an exception to the common contract law. Under this the contract acceptance takes…

Q: What does the Rule utilitarianism take into account?

A: In economics, utilitarianism refers to the economic theory of morality, which attempts to explains…

Q: Enumerate the possible effects of market failure on you, society, and economy.

A: The market failure refers to the inefficient distribution of resources, goods , and services in the…

Q: What are the social and economic implications of putting a power?

A: The plants might lead to the release of small amounts of carbon dioxide and sulfur dioxide and do…

Q: Does the public's expectation of a policy influence its effectiveness?

A: Answer: Yes, the public expectations of a policy influence its effectiveness. People form their…

Q: If economic laws are applicable in real world?

A: Economics is based on the activities of real life. It analyses the economic activities and then…

Q: The Invisible Hand' alludes to

A: Invisible hand refers to the market's mechanism of consumers and sellers self adjusting to market…

Q: What are normal goods? State any two examples? State any two features of the consumer protection act…

A: In simple words we can say that normal goods are those goods the demand for which generally…

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 do unanticipated changes affect market players' economic decisions?

A: The anticipated changes in the economy means that, the policy makers would respond to the upcoming…

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: What are Property, rights and contract enforcement in rationale for government intervention?

A: According to the given question, Here we need to find the property, rights and contract enforcement…

Q: What is a whistle-blower? What motivates whistle-blowers?

A: A whistleblower is a person who exposes any information to the public, about the wrong doing or any…

Q: What is collusion in economics

A: Answer to the question is as follows:

Q: What is the major function of the middleman? Would peoplebe better off if there were no middlemen?…

A: A middle layer of business is required in certain industries due to regulation, infrastructure, or…

Q: What is the closest example to a command economy?

A: The communist society refers to the command economy. In a command economy, there is a monopoly that…

Q: How does monopoly regulation methods ensure a more fair and balanced system?

A: When a single business has such control over an industry or sector that it effectively eliminates…

Q: True of False? Market Fundamentalism is a theory of political economy that supports high taxes and…

A: Economic and political theories have a significant impact on the functioning of a market because…

Q: How is capitalism thought to benefit society?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: How did sectarian violence influence the shaping of some parts of the West?

A: The sectarian violence is also known as the sectarian strife and this was inspired from the…

Q: In most countries, government policy to eliminate narcotic problem is to catch narcotic…

A: Answer: It is seen that generally, all the countries try to catch the narcotic producers to…

Q: How can oppotunity cost affect behavior?

A: In microeconomics, opportunity cost refers to the loss or advantage that might have been realized if…

Q: Compare and contrast Say's law with Kemudian economics.

A: Aggregate demand refers to the demand for final goods and services by all sectors in the economy.…

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: What is overconsumption doing to our health?

A: The economies around the globe operate with the help of actions, and activities done by various…

Q: To what extent should the government interven in the market? Write a long 500 word answer.

A: The government interference in the market is restricted by Keynes, according to him the government…

Q: A market economy seems to be able to satisfy customers who have different tastes in cars. Whether…

A: The question focusses on the market of cars where personalised services or personalised cars are…

Q: mechanics usually have better information about how to fix automobiles than their customers do. What…

A: Asymmetric information exists where the information is not equally distributed between buyer and…

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: What would would be a more moral system of exchange and why?

A: The system of exchange in context of economic activities can  be moral if it is:- Universal:- It is…

Q: what is the significance of Consumer Preference to government agents?

A: Understanding consumer preferences can help you predict consumer demand because it determines what…

Q: The distinctive way of life allegedly developed in urban areas is referred to as __________.

A: When a large proportion of world's population lives in urban areas then it is referred to as…

Q: What problems does underforecasting demand create?

A: Demand curve is the 'locus of different combinations of price(P) and quantity(Q) of a commodity'. It…