Q: 25. What are the four factors of production? a. b. C. d.
A: The four factors of production are: Land – It includes natural resources available for the…
Q: Describe the modern capitalist system.
A: Modern Capitalist System focuses on the security from government, it includes both the new and old…
Q: Question 1 Restricting websites to collect data about children under the age of 13 is covered by…
A: Hello, thank you for the question. Since there are multiple questions posted here, only the first…
Q: 1 The ABCs of Communism” represents: a) A pamphlet to help households in Hungary better deal with…
A: Meaning of Communism: The term communism refers to the situation under which, the economic…
Q: 1. The discipline that provides the means for recording/writing the economic history which has…
A: 1. Accounting consists of processing,measurement and communication of financial as well as non…
Q: 9. List the ideas associated with a laissez faire economy. 10. List the key ideas outlined by Karl…
A: Answer - "Thank you for submitting the questions.But, we are authorised to solve one question at a…
Q: 3- Have you been to China? C) since A) never B) ever D) yet 4- I haven't finished my lunch. A) never…
A: The above shown are the example of simple english grammar.
Q: 11. The main problem of economic theory and practice is to resolve the contradiction between: a)…
A: Scarcity alludes to the essential economics issue, the gap between restricted – that is, scarce –…
Q: 3. For Marx what is inherently exploitative about capitalism?
A: Karl Marx's theory of exploitation, which holds that workers in a capitalist society are exploited…
Q: 57. The three broad types of productive resources are A. O Money, profit and interest B. O Capital,…
A: To find : What are three types of productive resources.
Q: Scenario 2: Maritza is 19 years old and recently graduated from high school. Like Mark, she would…
A: The economics as a study is based upon the idea that the resources which are present with the…
Q: 3. Which is a characteristic of the free enterprise system? A. Most private property was held in…
A: Economic system drives the economic growth of the nation and explains how the economy works. It can…
Q: Task 1: a) What is Freeconomics? b) Give an example of a freeconomics product. c) Explain what is…
A: a) Freeconomics: The term freeconomics is made up of two words - free and economics. Free is defined…
Q: 5. Adam Smith, the founding father of economics, likened the price mechanism to an invisible hand •…
A: 5. Adam smith the founding father of economics likened the price mechanism to an invisible hand - An…
Q: 1.Which philosophers have discussed capitalism? What were their interpretations of it? Were there…
A: Capitalism In a capitalist economy, private people or companies own the capital assets. Workers…
Q: Economics 1) Shun owns a karate studio. He conducts lessons for both children and adults and offers…
A: Since you have posted multiple questions, we will provide the solution only to the first question as…
Q: Only people who have certain natural talents can be Entrepreneurs.
A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…
Q: 1) "The world in which we live is complex and to understand it, human beings make use of some or…
A: Since you have posted multiple questions, as per the guidelines we can answer only 1 question per…
Q: 40. Which of the following statements about Adam Smith are FALSE? He argued that a competitive…
A: Adam smith is well known economist of 18th century. He is also known as father of economics. He…
Q: 5) (KEY QUESTION) In the movie Rebel Without a Cause, James Dean and buzL favours of sixteen year…
A: The matrix shows the choices of Buzz:
Q: Capitalist economies have these features, except __________. a. State control of the factors of…
A: There are many types of economic systems like capitalist, socialist and mixed economy. A capitalist…
Q: 19. The key factor in determining the model of the economic system is: a) political regime; b) the…
A: Market, command and mixed economy are type of economies.
Q: 1. Economic models or theories.... a. are limited to variables that are directly (positively)…
A: Economic models and theories shows the how economy works by mathematical and theoretical…
Q: Different Perspectives of Science and Technology in terms of Human Flourishing 1. What is…
A: Innumerable ways, technology affects ourselves and the world around us. It facilitates our work,…
Q: According to Adam Smith, how were changes in production at the pin factory an example of how…
A: Capitalism is an economic system based on the private ownership of productive assets and their…
Q: OPENING CASE: The Decline of Zimbabwe In 1980, the southern African state of Zimbabwe gained…
A: Economic growth: It refers to the economic activity that has been performed in the economy. These…
Q: 27, Charles V demanded the Pope Clement VII call a council to reform the Catholic Church and get rid…
A:
Q: 1. Which of the following is NOT a normative statement? Select one: a. higher interest rates should…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The industrial revolution gave rise to capitalism and consumerism - True or False
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Describe some of the trade-offs faced by each of the following: a. a family deciding whether to buy…
A: "Since you have posted multiple questions with multiple sub-parts, I can only answer the first 3…
Q: 14. The "big tradeoff" refers to A. producing capital goods instead of consumable goods. B. marginal…
A: Tradeoff means choice. An economy has a limited amount of resources to meet the unlimited wants of…
Q: Question 2 Most governments have a policy of not negotiating with kidnappers but relatives of kidnap…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Question 17: For economists, human behaviors influence the choices people make to fulfill their…
A: There are unlimited human wants,but resources are scarcE Thes wants arise due to human desires
Q: 4. Which of the following is a more attractive place to do business? a. A nation that lacks…
A: Several internal and external factors can have an impact on business operations, either directly or…
Q: What is a difference between “Musharaka and Mudaraba”?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Step by step
Solved in 2 steps
- 1. According to Juan Bosch, what percentage of the Dominican population depended upon Rafael Trujillo for their economic livelihood? What percentage of the Dominican population worked in a business directly owned by Trujillo?NAME Rayan Abera Legal Environment PERIOD 4th. Entrepreneurship Test Chapter 8 30 POINTS. Multiple Choice Identify the choice that best completes the statement or answers the question. 1. A percentage of the price of an item that goes to a state or local government is a a. discount. c. patent. b. sales tax. d contract. 2. Which of the following terms means that you are legally able to enter into a binding agreement? legality C. agreement 6. consideration d. capacity 3. A binding legal agreement or promise to do something is a - a. c. contract. law. permit. d. license. 4. The federal agency that monitors product safety for items such as cosmetics, food items, and suntan lotions is - the a. Federal Trade Commission. b. Food and Drug Administration. C. American Bar Association. Consumer Product Safety Commission. 5. The law that established a minimum wage and maximum working hours is the a. Clayton Act. b. Fair Packaging and Labeling Act. Fair Labor Standards Act. d. Occupational Safety…e) there is no right answer. 20. The behavior of each subject of economic relations is motivated by his personal, egoistic interests in the economic system: a) market economy; b) command economy; c) a mixed economy; d) traditional economy; e) all answers are correct. 33uMM
- 39. Which of the following statements accurately represent ideas proposed by Adam Smith? a) the market system does not require any help from the government to survive. a) government should be weak. b) the government should protect domestic industry against foreign imports. c) the value of money is based on the goods it can buy d) selfishness is a good thing for society and the economy.14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) CommunismQUESTION 28 Fill in the blank using the number that corresponds to the correct word or phrase in the word bank below 1. positive 2. model 3. dependent 4. normative 5. theory 6. graphs 7. models 8. law 9. independent A hypothesis that has not been rejected after widespread testing and that wins general acceptance is commonly called a A theory that has been subjected to even more testing and that has won virtually universal acceptance becomes a The real world is far too complex for the human mind so scientists use instead. A is a set of simplifying assumptions about some aspect of the real world. Economists often use to represent economic models. Hypotheses in economics typically specify a relationship in which a change in one variable causes another to change, the variable that responds change is called the variable; the variable that induces a change is called the variable. A statement of fact or a hypothesis is a statement and a statement is one that makes a value judgment
- 1. Which of the following is NOT a normative statement? Select one: a. higher interest rates should lead to increased savings b. inflation is more harmful to Ghana than unemployment c. if its minimum wage falls, Japan will be a better place d. the benefits to the economy of improved equity are less than the costs of reduced efficiency 2. Which of the following is not necessarily an outcome of international trade? Select one: a. goods being obtained at lower opportunity cost b. people specialize in activities in which they have a comparative advantage c. all individuals within trading countries benefit d. more efficient resource use 3. If a 8 percent increase in income results in a 10 percent increase in the quantity demanded of lattes, what is the income elasticity of demand for lattes, and what type of good is lattes? Select one: a. negative, and therefore lattes are a normal good b. negative, and therefore lattes are an inferior good c. positive, and therefore lattes…Some microeconomics questions, thank you for answering：）1 Islamic economics promotes economic freedom within the Islamic rules of the game. True/False - Why - 2 Given the economic crisis due to the pandemic, an Islamic firm must abandon its profit maximization goal. True/False - Why – 3 Basic food supplies for disabled persons are to be provided by the government even when they do not provide any labour input to the production process. True/False - Why - 4 To achieve al-falah (true success), a Muslim should deprive himself from enjoying all the tahsiniyyat (embellishment) elements in this world. True/False - Why - 5 Income equality is a desired goal of distribution for an Islamic economy and to achieve this goal, the government must intervene to restrict the effect of individual differences in the marketplace. True/False - Why -
- (1) Classify the following topics as relating to microeconomics or macroeconomics. (5) a. a family’s decision about how much income to save b. the effect of government regulations on auto emissions c. the impact of higher national saving on economic growth d. a firm’s decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of moneyQuestion 1 Suppose a British Columbia has a total of 12 units of labour, which can be used to produce either computer or wheat. One computer takes 6 units of labour to produce and 100 kg wheat takes 2 units of labour to produce. (a) Explain why scarcity exists in this economy. Use the data as evidence of your reasoning. (b) What is the maximum quantity of computers that can be produced? (c) What is the maximum quantity of wheat than can be produced? (QUESTION 1 Choose the most correct answer to the following questions/phrases. Only the question number and the letter of your answer. 1.1 1.1.1 Communism and Socialism are both examples of a economy. Planned Market C Mixed D Оpen 1.1.2 In a economy various aspects of production are determined by supp demand. A Planned Market C Mixed D Open 1.1.3 An unfair and unethical phenomenon that does not occur in planned econo Social grants Over-development Monopolies Unemployment be A B D 1.1.4 In a economy consumer demand is predictable and controllable.
