What two types of lives are contained within the term "lively commodity"? A. Commodity life & wild life B. Animal life & human life C. Pet life & rehabilitation life D. Commodity life & pet life
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What two types of lives are contained within the term "lively commodity"?
A. Commodity life & wild life
B. Animal life & human life
C. Pet life & rehabilitation life
D. Commodity life & pet life
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- Property rights are a crucial part of a functioning market economy and economic growth. Consider the difference between cows and endangered species of animals. How do property rights prevent cows from becoming extinct? If it were legal to buy and sell endangered species, would it help them recover? Why or why not? How do property rights help to allocate resources to their best uses?From the Microeconomices, regarding to the MRS, how they work out for Ux and Uy? For example: U(x,y)=xy/x+y.Thank youIdentify the three main types of economic activities. Then tell one way that all three are similar and one way that all three differ.
- Usually, people who have never had to worry about resource (what they are and where they come from) have more difficulty identifying "less obvious" needs like food and warm housing because they are assume to be inherent to life. true falseDiscuss how the market affected journeymen in Rochester and how they responded. What did these leaders and groups dislike about the market economy and why? Answer in 3-4 paragraphs.Q: Determine whether the statement is true or false:- Economic relations in the production process do not depend on the form of ownership.
- what is the correct answer 2) What will come into the gaps?Which of the following are signals to the owners of scarce resources about the best uses of those resources? A. Profits of businessesB. Government regulationsC. Economic indicatorsD. The accounting cost of those resourcesPlease no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
- The biggest problem of production to be solved is: Deciding how much of a business’s production budget should be invested in lobbying congress for policies favorable to the business. Deciding how best to allocate a business’s limited manpower and resources so as to produce what consumers most want. To create as many jobs as possible. To produce as many goods as possible.Give typing answer with explanation and conclusion 3. Economic historian Angus Maddison estimates that real GDP per capita in Western Europe in 1000 AD was $450. Restate this number as GDP per capita per day. (Assume that there are 365 days in 1000 AD. Round to two decimal places.1. It regulates the engagement between the producer and the consumer. A. Chamber of commerce B. Local community C. Government 2. Economic development is measured by looking at A.Wealth of the community B.Quality of life C.Type of businesses present 3.It is regarded as the engine of the economy. * A.Entrepreneurship B.MSME's C.Education 4.The future belongs to those who can think like a; A. Positive person B.Scientist C.Entrepreneur 5.Which of the following is an entrepreneurial mindset? * A.Vulnerable Mind B.Resilient Mind C.Rigid Mind 6. is more interested in being unique. A.Independent Mind B.Risk Managing Mind C.Designing Mind 7.It is determined to achieve stretch goals. * A.Resilient Mind B.Independent Mind C.Goal oriented and effectuating mind 8. It has the propensity to take calculated risks. * A. A positive mind B.Risk managing mind C. Calculated risk mind 9.It…
