The government sets a minimum price for prof.Ernst's brussel sprouts. This is called a Group of answer choices get rich quick scheme quota price support market growth policy
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- What is the ideal type Eric J. Hobsbawm economic structure to save the nation from economic upheaval?Ghana and Cote d'Ivoire are the world’s leading exporters of cocoa, which are grownand harvested by a large labour force that includes many children. Assume Ghana andCote d'Ivoire now outlaws the use of child labour on cocoa farms and the law is properlyenforced. Using economic theory and with the aid of diagrams, analyze what wouldhappen to employment and wages in the cocoa farming industry. Use supply anddemand curves in your analysis.Modifying Locke’s views on free markets, Adam Smith’s arguments rest on __________ arguments that unregulated markets and private property will produce greater benefits than any other system. KantianUtilitarianCommunistNone of the above
- In free market (liassez-faire) system, the price mechanism dicates the production planning (how to produce) decisions. True or flase Free markets produces relatively high levels of efficiency but low rates of growth. True or FlaseMatch the term to the definition: High tax rates on interest and profits are disincentives. People may engage in “do it yourself” projects rather than paying someone to do the work, if they have to pay taxes on the services. People may not work overtime or second jobs if pushes them into higher tax bracket A. The Work Effect B. The Savings and Investment Effect C. The Elimination of Productive Market ExchangesWomen’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.
- States, cities and towns use all of the following incentives to attract and keep employers except: 15. a. Offering tax breaks b. Negotiating reduced rates for electricity c. Sponsoring science parks d. Developing import-export banks e. Supporting technology extension centers 16. Statement I: Compared to other industrial countries, the United States does a mediocre job of educating primary and secondary students in math and science Statement ll: To help remedy mediocre performance by students in math and science, and other subject matter areas of study the federal government insists on a minimum level of funding per capita for primary and secondary public school students a. Statement I and statement lI are both true b. Statement I and statement II are both false Statement I is true and statement Il is false c. d. Statement I is false and statement lI is true 17. Lowering regulatory barriers to overseas investment and imported products is part of: a. “fair trade” b.…Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system. a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. b. Shops stock and sell the goods their customers want but the government levies a sales tax on each transaction in order to fund elementary schools, public libraries, and welfare programs for the poor. c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.Why does the government answers the basic questions in mixed market economics
- a. Most developing countries have been struggling to achieve economic growth and economic development. As a policy maker explain what advice you would give to these countries to achieve both economic growth and economic development. b. Suppose the widget industry is perfectly competitive and faces constant returns to scale. A monopoly purchases all widget producers in the market. List three ways in which the market outcome under monopoly will differ from the market outcome under perfect competition.Comment on or explain: a. Endowing everyone with equal income will make for very unequal enjoyment and satisfaction. b. Equality is a “superior good”; the richer we become, the more of it we can afford. c. The mob goes in search of bread, and the means it employs is generally to wreck the bakeries. d. Some freedoms may be more important in the long run than freedom from want on the part of every individual. e. Capitalism and democracy are really a most improbable mixture. Maybe that is why they need each other—to put some rationality into equality and some humanity into efficiency. f. The incentives created by the attempt to bring about a more equal distribution of income are in conflict with the incentives needed to generate increased incomeTo set a 15 per cent global tax rate on multinational companies. Provide a critical economic analysis of implementing such a policy (Please use diagram, table or graph to demonstrate your answer) . Should this policy be maintained?
