The main criticism of a market economy is a. Concentration of wealth in a small percentage of the population b. Prone to boom and bust cycles c. Profit motives ignore social and environmental concerns d. All of the answers above
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A: Given that, A mother wants to set aside money for her 5-year old son's future college education. The...
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A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.
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A: Cross price elasticity measures the responsiveness of quantity demanded of good1 with respect to cha...
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A: Equivalent formal education The term formal education refers to an organized and uniform education s...
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A: Opportunity cost is the forgone benefits from the next best alternative.
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A: The forward price is considered as the settlement price of the transaction that would not take place...
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A: a demand for something owed or accepted to be owed a protection guarantee.
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- Provision of higher education is costly. At the tertiary level, specialised knowledge is required toprepare students for different careers. Higher education institutions have to compete with industryto employ suitable teaching and research personnel, and staff salaries constitute a large part oftheir total expense accounts."When institutions are deciding on how to finance all their academic activities, they are effectively…a) dealing with the problem of scarcity.b) dealing with opportunity cost.c) dealing with shortages.d) dealing with limited wants.A planning horizon in production stretched enough to alter all inputs. Select one: a. all choices b. long-run c. short-run d. noneEfficient markets occur when? a. Supply equals demand b. Consumers are satisfied c.There is no profit to be made d. Opportunities for superprofits are eliminated instantly
- The basic economic argument is that humans face the big problem of __________. That big problem means we have to choose what we do with our resources. Economists believe that improving ___________ will help use those resources to satisfy the most wants possible. Group of answer choices a. scarcity; efficiency b. efficiency; scarcity c. wants; resources d. resources; wantsA very cold winter in France wiped out most of the crop of Pinot Noir grapes in Burgundy, France. Plot the equilibrium point A new labor agreement with their workers' union has increased wages and raised wine producers' marginal cost of producing Pinot Noir. Plot the new equilibrium point. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Some Caribbean countries give tax credits to homeowners who wish to install solar panels in their homes. This is an example of: Select one: a. Cost-benefit analysis as homeowners compare the marginal benefits to marginal costs before making a decision. b. Only a case of the use of government tax policy. c. The use of the incentive principle to encourage homeowners to use alternative sources of energy. d. A bad decision because homeowners are not paying the full cost of installing solar panels.
- In environment and business, a negative relation means that good environmental performance creates less successful business, means……………… It does pay to be green It costs to be green None of the aboveS1: Rapid population growth does not necessarily reflect market failure. S2: Urbanization and localized economies lead to resource immobility. A. True, True B. True, False C. False, True D. False, FalseWhich of the following is an example of a microeconomic topic? a) How to run a business and earn a profit. b) How to prevent nearby companies from polluting local groundwater. c) How to reduce abuse by companies with monopoly power. d) All of the choices are correct. e) How to retire at age 50 with a million dollars net worth.
- A merit good is a good or service that Select one: a. the political process has deemed socially desirable. b. should be taxed to correct the market failure and allocative inefficiency. c. cannot be individually consumed. d. would be overproduced by the private market.Capitalist development expresses itself in environmental imbalance and ecological disasters' (Koch 2012)Critically discuss and analyse this statement, providing the "pros' and 'cons' and relevant examples.After Nike built a plant in a rural area, it discovered that families were taking their children out of school to work in these plants. Instead of getting an education, these children were put to work which wasn’t Nike’s intent. Which characteristic of environmentally sustainable businesses does this demonstrate? A. equity in distribution within the supply chain B. alignment of relative industries C. limits on the Earth’s resources D. interdependence of ecological, social, and economic systems
