What does it mean that ideally government should act in such a manner as to “bring about the outcome that would naturally occur in the absence of transaction costs), what does this have to do with who should receive property rights from government?

Q: E Which of the following is NOT a component of objective value, which supports how the condition and…

A: An inborn theory of value (likewise called the theory of genuine value) is any theory of value in…

Q: _______ What term implies that there shall be no government interference in the economy?a. market…

A: Types of Economies:- 1) Market Economy:- Under market economy, all the decision related to…

Q: onfucius is a "laissez-faire" thinker--this implies an absolute--that government must never regulate…

A: Businesses are legal entity that is incorporated to earn profits.

Q: In the face of such an shortage, where private sector buyers and suppliers could not do anything…

A: Government: It refers to the people who performs all the functions for the society. The government…

Q: What is internal and external economics? How many types are there in the internal and external…

A:

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: What are the characteristics of law

A: Law affects and protects the social, political, cultural and economic areas and values of the…

Q: What are the different effects of MARKET FAILURE on humans, society, and the economy? Give at least…

A: defination: Market failure happens when the value component neglects to represent the entirety of…

Q: When China and Japan got into a snit in 2010, China cut off Japan's supply of the Rare Earth…

A:

Q: There are various approaches to deal with ecological illness, and we can all place them on a…

A: Given the two approaches for ecological illness ie liberatianism and authoritarianism, it is better…

Q: Explain the idea that Smith on one hand had distrust for government, during his time govern. On the…

A: The idea of Adam Smith was to have belief in invisible hand. It means the market forces alone will…

Q: Which is a more serious problem between market failure and government failure?

A: Government intervention to resolve market failures, and to manage the macroeconomy, can fail to…

Q: Can bring an example of a macronomics issue versus a microeconomics one?

A: Microeconomics is the study of economics of a country at a micro level, where behavior of…

Q: Markets fail, so there could not be a total reliance on the market forces. The government has to…

A: Economic system means the system in which resources are owned by the society or government and…

Q: Why do you think that command economies .3 ?constrain economic freedom

A: The economic system refers to the economic mechanism based on which an economy runs and perform all…

Q: explain why negative externally creates a cost for the society and how it can be reduced  give an…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: According to the invisible hand concept, the best way for a society to encourage the creation of…

A: As wants and desires of the individuals in the economy are unlimited but resources available to…

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without…

Q: What is the government policy that supports research and development (R&D), doesn't involve the…

A: The process through which there is the creation of improved or new technologies that could help in…

Q: What are the two types of market failure and how are they corrected? Why doesn't the market self-…

A: Market failure is when the demand and supply of goods and services in an economy fails to produce…

Q: What are the Indicators of market potential according to Economic factors?

A: The economic indicators measure the performance of various variables and thus make predictions about…

Q: According to Adam Smith, the “invisible hand”refers to which of the following?a. The “best interests…

A: To explain the market hypothesis, Adam Smith introduced the concept of the “invisible hand”, and it…

Q: As the Great Depression began in 1929, and millions of Americans found themselves in a terrible…

A: Depression refers to the fall in economic activity severely and for a long time. Great depression of…

Q: . _______ What term implies that there shall be no government interference in the economy?a. market…

A: The term Laissez-Faire was originated in France by a group of Physician, who called themselves as…

Q: Governments may intervene in a market economy in order toa. protect property rights.b. correct a…

A: The economic system refers to a system of a nation concerned to the allocation of resources,…

Q: What are the sources of law?

A: In the United States' legitimate framework, there are four primary sources of law. These are…

Q: why many argue the use of “market” prices will NOT necessarily enable the economy to operate at its…

A: Production frontier: PPF is a bend that delineates or shows the varieties in the sums that can be…

Q: What is your major take away from Thomas Dye’s definition of public policy)?

A: To find : Highlights from thomas dye definition of public policy.

Q: Through economic reasoning, explain the interrelationship with markets and government.

A: There is a general law that determines the market's allocation of resources which reduces the…

Q: o you think secularization is good or bad? Why?

A: Secularization, taken in its broadest sense, implies the expansion in the common, the fleeting, or…

Q: Why is the study of economics important to democracy and why is it important for society to have an…

A: ExplanationEconomics is a subject that deals with the relationship between individuals who are…

Q: nf the government determines whether you get an apartment, you are most likely living in a In a…

A: There are different kind of the economies  where their distributive and allocating functions are…

Q: Could an economy function without government intervention and what difference does government…

A: Economic systems are classified into three types: free market, mixed, and command. The decisive…

Q: The federal government decides to require that automobile manufacturers install new anti-pollution…

A: The price elasticity of demand for a good is a measurement of how sensitive the quantity demanded is…

Q: Does 'Private Cost' give impact to education cost such as tuition, university fees and anything…

A: Education generates positive externalities and expenditure done here is a kind of investment as it…

Q: In market economies, firms rarely worry about the availability of inputs to produce their products,…

A: In market economies, buyers of inputs are aware of the fact that sellers are willing to earn…

Q: Do you believe the steps that the federal government takes to encourage the socially optimal amount…

A: Federal Government  The U.S. Constitution grants Congress, the President, and the Federal courts,…

Q: What challenges and opportunities would arise from higher and lower degrees of government…

A: Government intervention in the market refers to the regulation of the market by the government…

Q: Is it inevitable that government must become involved in supporting investments in new technology?…

A: In the present world, technology is the main driver of change. There has been an increasing world…

Q: In the real world it is governments the case that all the conditions for markets to be efficient…

A: Since all three are different questions, we will answer the first one only. Please resubmit the…

Q: In a market economy, what is the central coordinating mechanism? How does a market economy solve the…

A: Hey, thank you for the questions but according to our policy we answer only one question per…

Q: Rational Choice

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is not 1 of the 4 sources of American law: Select one: O a. Constitution. O…

A: Answer -

Q: Would you please explain the reasons why we learn public economics and also mention the main role of…

A: Explain the reasons why we learn public economics The objective of study of public economic aspects…