Which of the following is the most concerning when producing goods/services? Environment destruction The black market Government involvement Economic freedom

Q: a. mixed b. free market c. command market 2. In a economy, prices are determined by consumers,…

A: The economics as a study is based upon the basic idea that the resources which are present with the…

Q: external scale economies leads to prices that are lower than the prices in only one of the trading…

A: The answer is as follows:-

Q: Are the following goods non-rival in consumption? a. slice of pizza b. laptop computer c. public…

A: Rival goods concept could be applied for products where one individual crowds out of their…

Q: what does it mean that political activity is a public good? Using the argument, explain how a dairy…

A: Hey, thank you for the question.since there are multiple questions posted, we will answer first…

Q: Voluntary exchange is based on the principle that all parties must gain from trade. True False

A: Trade refers to the exchange of goods and services between individuals, industries, or countries.

Q: Refer to Figure 10-3. If this market is currently producing at Q1, then total economic well-being…

A: The market is in equilibrium when the demand for a product is equal to supply of the product. When…

Q: The government addresses market failures when it enforces property rights. True or False

A: Externalities refer to the cost or benefit of an economic transaction on a third party who is not…

Q: Fair Trade Coffee is the case for this seminar.  (The main point-of-view is the Fair Trade…

A: Peter Giuliano embodies the ideal Fair Trade coffee spokesperson in many ways. He co-founded Counter…

Q: Example of market gaps

A: A market gap in general terms means the time where the businesses or production units are not able…

Q: "Half-freedom" in New Netherland could be earned only by: a. enslaved WIC employees Ob. Indigenous…

A: When talking about policies and programs implemented by the government, those are based on specfiic…

Q: There are some types of Market integration (Economic Integration): 1. Preferential Trade Agreement.…

A: 4) Common Markets:- The alternatives opened by the adoption of a uniform external tariff provide an…

Q: What social and economic effects did mass production and the assembly linen have one the bourgeoisie

A: Producing goods in bulk that is mass production and assembly line permitted the goods to be made and…

Q: The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the…

A: International trade refers to the exchange of goods, and services across different nations.

Q: Lowland Working population and production possibilities Working population Production of tons of…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: It required WTO members to issue and enforce patents and copyrights for at least 20 years and 50…

A: In the global economy, WTO performs various activities to regulate the global trade and to improve…

Q: France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting…

A: Given, Country  Green Beans Tomato Total hours available per week France 2 2 40 Tunisia 4 1…

Q: Consider the following situation: The world price of oranges is $15 per bushel. The domestic supply…

A: Given  Domestic Supply  QS = 100 + 2P Domestic Demand  QD = 500 - 5P At Equilibrium  QD = QS 500 -…

Q: Slavery expandedwith the growth of: freight shipment.public education.cotton plantations.northern…

A: Slavery: - slavery is treating a person as the property of another person and taking his services…

Q: Which is NOT a proper role of a government?     To protect citizens from foreign enemies     To…

A: Government: It refers to the people who are in power and have the responsibility to help the nation…

Q: Tourism should be banned in order to protect local environments, cultures and economies.” To what…

A: A country endowed with natural places that attract people from all over the world is benefited by…

Q: How could agreements between Mexico and western states of the United States best be improved? They…

A: There have been agreement made between Mexico and united states . There are several disputes also…

Q: There are some types of Market integration (Economic Integration): 1. Preferential Trade Agreement.…

A: Note: In the BNED guidance, we can answer only upto 3 sub-parts. Submit the question again for the…

Q: Demonstrate a willingness to critically assess the impact of economic policies on economic…

A: These are the various economic policies adopted by the government in order to economic efficiency in…

Q: Match the following: the property of distributing economic prosperity uniformly among the members of…

A: 1)The property of distributing economic prosperity uniformly among the members of society-equality.…

Q: To encourage the creation of ideas, governments use a. patents. b. subsidies. c. internet taxes. d.…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following statements describes Principle 6: Markets are usually a good way to organize…

A: A market refers to the platform or a place for the people to interact with each other for making an…

Q: Two countries, Alpha and Beta consider the construction of a bridge across a river that separates…

A: Nash equilibrium is a situation in which the players seek to maximize their own payoff given the…

Q: mean(s) that the choices and actions of buyers and sellers in a market affect others who are not…

A: Answer in step 2.

Q: The privatization of public enterprise will lead to efficient management of resources in the…

A: Inductive reasoning is a technique for arriving at conclusions by moving from the specific to the…

Q: Barbary macaques are the only population of wild monkeys that remain in Europe. a. Barbary macaques…

A: Barbary macaques are subject to the : b."tragedy of the commons" According to Wikipedia , The…

Q: explain using appropriate diagrams the 2 main categories of gains from trade.

A: Introduction: Trade may be a basic economic term that involves the buying and selling of commodities…

Q: Government regulation of economic and social activities permeates our lives. While regulation in…

A: For an economy, the government plays a crucial role in designing the formal and legal market…

Q: What are some examples of common markets? please list one example and explain the advantages of…

A: Common markets refer to the economic integration among countries where labour, capital and services…

Q: American law derives from English law. What is this called:

A: The King's Court (Curia Regis), a single royal court set up for most of the kingdom at Westminster,…

Q: Which of the following illustrates property rights? OA. Lower economic opportunities increases…

A: Poperty rights refer to the right to control, use, and enjoy the benefits from goods and services.…

Q: What factors contributes to the rise of civil societies?

A: At a time when trust is by far the most valuable currency, civil society is consistently trusted far…

Q: Comparing international trade with trade among the different states of the United States shows that…

A: International trade- transactions taking place between countries.

Q: Which of the following is not explicitly written in the Constitution? Group of answer choices…

A: The answer is - Freedom of privacy

Q: (Figure: Gains from Trade) Refer to the figure. What are the unexploited gains from trade at the…

A: Gains from trade is the total surplus or the net benefit. Total Surplus is the sum of consumer…

Q: Nikki owns a business that imports several types of products from countries that have poor economic…

A: If there are more employment opportunities available then this may lead to improve the economic…

Q: (Figure: Gains from Trade) Refer to the figure. What are the unexploited gains from trade at the…

A: Economic equilibrium is a state in which economic forces such as supply and demand are balanced, and…

Q: The term refers to a market exchange that affects a third party who is outside or external to the…

A: At a marketplace, an individual's action can affect the behavior and action of other individual…

Q: Consider a country producing a chemical X. In the production of Chemical X, it creates a byproduct…

A: Externalities occurs  when the consumption or production  of a good has an influence on parties who…

Q: Explain, how invented homelands constitute the mediascapes of deterritorialized groups

A: The process through a social relation of components, territories tend to have their current context…