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choose the corrrect answer:
Question: This specifies that an action that could benefit more people and more subject should be achieved for the certain scenario.
A. Common Good
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Solved in 2 steps
- 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…The question in the attached image. Please explain each right as well as wrong optionsIs the economic model of decision-making intended as a literal description of how individuals, firms, and the governments actually make decisions?
- Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?Question 5: Scarcity and choices go all together, defend and refute the statement with example?Suppose Bella has $1000 to spend on watches and/or bracelets. Watches cost $30 each and bracelets cost $10 each. What is the opportunity cost of buying 1 bracelet? Group of answer choices A)30 watches B)1/3 of a watch C)1 watch D)3 watches
- 2. In weighing the costs versus the benefits of the decision we make we realize: Group of answer choices A. people face trade-offs B. goods are scarce C. households hate to make decisions D. we all must earn income to eatmatch each term with the correct definition ;economics opportunity cost marginal analysis utility a. the next best thing that must be forgone in order to produce one more unit of a given product b. the pleasure happiness or satisfction obtained from consuming a good or service. c the social science concerned with how individuals institutions and society make optimal choices under conditions of scarcity d. making choices based on comparing marginal benefits with marginal costwhith practical examples distinguish between sacale of preference and opportunity cost
- USE FIGURE #1: A construction boom occurs and many of the new buildings need plywood for their framing. Which of the figures above best illustrates this change? Group of answer choices Figure A or Figure C Figure A Figure C Figure D Figure BThe illusion of pattern shapes our everyday lives. How does this illusion emerge (refer to law of small numbers & impossibility of causal explanations) and how does it affect decision-making?Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to buy the Mountain Dew. The opportunity cost of the Mountain Dew is A) the Mountain Dew. B)the Pepsi or the bag of chips, whichever the highest-valued alternative forgone. C) zero because he enjoys the Mountain Dew. D) the Pepsi and the bag of chips. E) the Pepsi because it is a drink, as is the Mountain Dew.
