Social regulations Select one: a. Lead to increasing industrial concentration b. None of the answers are correct c. Lead to decreasing industrial concentration d. Strengthens the completion e. Have much impact on larger firms than small
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- Give typing answer with explanation and conclusion Question: Like social security, the Fair Labor standards Act a) All of these b) Applied to workers in large-scale enterprises c) Did not apply to women in domestic labor jobs D) did not apply to farm workersWomen’s empowerment movement eyes 40% of government spending accreditation …Last year the South African government affirmed its support for women-owned businesses as part of its commitment to ensuring that gender equality in Africa’s most advanced economy was achieved. President Cyril Ramaphosa said then: “We are going to drive women’s economic inclusion through public procurement. We have set the target of ensuring that 40% of goods and services procured by public entities are procured from women-owned business.” a) Market participation. b) Government spending. c) Commercialisation. d) Nationalisation.Overtime in agriculture, farms with high average fixed costs of production are forced out of the business by their competitors. Explain the economic processes at work
- Which of the following statements are true about MNCs?a) A MNC is a company that owns or controls production in more than one nation.b) MNCs set up offices and factories for production in regions where they can get cheap labour and other resources.c) This is done so that the cost of production is low and the MNCs can earn greater profits.d) All of the above.Starfruit, papaya, jackfruit, durian, sweetcorn, mangosteen, pineapple, Banana, Rambutan, Watermelon and langsat recorded a self-sufficiency ratio (SSR) more than 100 percent. What is this indicating? a. Own production resources more than country dependency on it. b. The demand meets the supply. c. The supply of the product is high. d. The demand of the product is high.A basic characteristic of a command system is that: A. Wages paid for labor are higher B. Government owns most economic resources C. Free markets are never permitted in a capitalist economy D. Government planners play a limited role in deciding what goods will be produced
- Entrepreneurs are: a) enterprising person who discovers potentially profitable opportunities and organize, direct, and manage productive ventures. b) crtical to the success of any economy, especially if the economy relies heavily on markets. c) an economic resource because they discover more effective and profitable ways to produce the goods and service people want. d) all of the aboveResources are scarce because which of the following are limited: Question 10 options: A) labor, capital, technology, and entrepreneurship B) labor, capital, stocks, bonds C) land, labor, technology, and money. D) land, labor, capital, and entrepreneurship4. Only people who have certain natural talents can be Entrepreneurs. 5.Entrepreneurs are extreme risk takers 6. Entrepreneurs seek success but experience high failure rates 7. Ignorance is bliss for Entrepreneurs 8. All Entrepreneurs need is luck 9. Money is what the Entrepreneurial venture need to survive 10. Entrepreneurs must fit the standard Entrepreneurial profile
- Entrepreneur's potential earnings as a salaried worker = $50,000 Annual lease on building = $22,000 Annual revenue from operations = $380,000 Payments to workers = $120,000 Utilities (electricity, water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business = $6,000 Creamy Crisp's explicit costs are1. In a command system a) self-interest motivates and commands each business firm's decisions and actions. b) the head of each family decides and commands what to do with the family's resources. c) a government-appointed planning board makes production and allocation decisions. d) market traders command what outputs are produced and how they are allocated.Identify the type of economic system. Enumerate one advantage and disadvantage per statement/condition and explanation 1. The government intervenes to try to reduce market failure.2. No one is responsible for trying to eliminate unemployment.3. Consumers have the greatest variety of goods possible.