Q: For the political economic systems fill in the blank using an economic system ora government. 4)…
A: 4)Fascisim=market+dictatorship+slight private sector and more public sector.
Q: Explain the idea of the “invisible hand” by adam sith by using the product of shoes to explain how…
A: Adam Smith gave the idea of free markets which means that forces in the economy adjust automatically…
Q: Human capital refers to society’s understanding of the best ways to produce goods and services.
A: ‘Human capital’ refers to the compilation of ‘skills’, ‘education’ , ‘technical’ & ‘process…
Q: A reputable doctor quits his job, which pays $77,000 a year, to open a non-governmental organization…
A: Opportunity cost is also called implicit cost. It is the cost of the incurred due to the foregone…
Q: For the political economic systems fill in the blank using an economic system or a government. 1)…
A: 1.Capitalism=demand+supply. 2.Mixed free enterprise=demand+supply+slight public sector,slight…
Q: show the difference between free market economy,planned economy,and economey of walfare state.
A: The main three economic system in our economy are market economy, planned economy and mixed economy
Q: In capitalist system, they are many fraud and illegal things happened. Why it happen?
A: There are various schools of economic thought, each with its own beliefs and principles. In a…
Q: Analyze whether each of the following government activities is motivated by a concern about equality…
A: When the goods and services are unevenly distributed in the market due to lack of individual…
Q: Why social enterprise considered as an alternative platform that can alleviate the plight of the…
A: In an economy, social enterprise refers to the one in which government has the major share and the…
Q: Which of the following is a positive statement? large inequality in society should be avoided…
A: There are two types of statements: Normative statement and positive statement.
Q: What do you see as the biggest difference between market and non-market economies?
A: Market economy is run by private people. There is private ownership of factors of production in…
Q: Can you think of any examples of free goods, thatis, goods or services that are not scarce?
A: Goods and services are produced in the economy. These goods are manufactured and sold to public as…
Q: What are disadvantages of free market economy ?
A: Free Market Economy is the one in which buyers and sellers act in self-interest. It is open for…
Q: Critically evaluate the following statement (i.e. discuss whether you agree with the statement or…
A: A poverty region can be understood that a region, where people are not able to consume the basic…
Q: Paraphrase the following. 1. We can take drastic action now to ensure that we prevent a future where…
A: 1. We can make an intense move currently to guarantee that we forestall a future where super…
Q: How the government controls the market for a fair economic system in Islamic Economics scope?
A: Islamic economic system is the one that uses Islamic believes in running a business according to…
Q: A study on the perception of the urban poor on the housing program of the government. What is the…
A: Value of the research would be that urban poor would appreciate for the houses that they get.…
Q: Explain how Islamic economic system ensures the distribution of goods and services in the economy is…
A: Islamic economic system: It is a theoretical construct of an industrial economy in which the Islamic…
Q: QUESTION 20 Which of the fallawing is not an illustration of the notion of opportunity cost O A. The…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 1.1. What type of economy is the South African economy? A. A command system B. A mixed economy C. A…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: By taking the train, Alain can travel from Paris to Lille in 1 hour. The same trip takes 5 hours by…
A: Opportunity cost is the benefit that is not received due to not choosing the other option.
Q: attending summer school cost 2,200. If you worked, you could earn 7,000. What is the opportunity…
A: Opportunity Cost:The opportunity cost of using a commodity or activity is equal to the value or cost…
Q: 4. An economy consists of three workers: Larry, Moe,and Curly. Each works 10 hours a day and can…
A:
Q: If Bruce pays $2000 in tuition fees to the college, what does his opportunity cost? $2000…
A: Opportunity cost is the value of something that must forgo to acquire something else. Thus, the…
Q: What is the Social Activity and Religion in non-economic Factors? Discuss and explain... Use example
A: The following problem has been solved as follows:
Q: The poorest person on earth Bill Gates, the richest person in U.S. A farmer in Haryana…
A: 1)Poorset person on earth suffer from povert.The most important resource that they dont have is…
Q: Why does Chang (2011) argue that there is no such thing as a free market? Why is immigration central…
A: Free market refers to a system where the buyers and sellers interact with each other to decide the…
Q: Economics Bo Jackson is the only player to make both the Pro Bowl and the MLB All-Star game. Leading…
A: Bo Jackson who is called an All-star in both football and baseball was the professional athlete in…
Q: Which one of the following is a positive economic statement? a. Thoughtful people oppose an…
A: Positive economic statement establishes a cause and effect relationship between variables and it…
Q: Entrepreneurs are: a) enterprising person who discovers potentially profitable opportunities and…
A: ANS Entrepreneurs are those persons who organize and manages a business undertaking, accepting the…
Q: hat are examples of free-market economies?
A: Below are the three types of economies:1. Free market economy2. Command economy3. Mixed economy In…
Q: hich of the below statements is INCORRECT about about a specific market economy such as the U.S.…
A: In the world, different economies adopt different economic systems according to the needs and…
Q: Describe some of the trade-offs faced by each of the following: a. a family deciding whether to buy…
A: Dear student, You have asked 2 questions in a single post. I am answering the first question for…
Q: Discuss how race, citizenship, and gender intersect with economics and those intersections affect…
A: In communism and communist type of government, there is complete control and rule of government over…
Q: Suppose you get $1,000 as a birthday gift. You can spend it today or you can put the money in a…
A: The opportunity cost of spending the money can be calculated as follows: When the $1,000 gift amount…
Q: Which groups are the most powerful interests in the state O a. business and professional…
A: We have to find which groups are the most powerful interests in the state.
Explain "Fairness and Equality or giving all the people same opportunity".
Step by step
Solved in 2 steps
- Discuss each of the following statements from the standpoints of equality and efficiency. a. “Everyone in society should be guaranteed the best healthcare possible.” b. “When workers are laid off, they should be able to collect unemployment benefits until they find a new job.” 11. In what ways is your standard of living different from that of your parents or grandparents when they were your age? Why have these changes occurred?Please answer using the methods or patterns of comparison. Thank You!A 1996 bill reforming the federal government’s antipoverty programs limited many welfare recipients to only two years of benefits. a. How does this change affect the incentives for working? b. How might this change represent a trade-off between equality and efficiency?
- Discuss how race, citizenship, and gender intersect with economics and those intersections affect people’s lives. What problems do you notice?Timothy quits his job which pays $65 900 a year to enrol in a 2-year graduate program. His annual school expenses are $62 600 for tuition, $8400 for books and $3500 for food. What is the opportunity cost of attending the graduate program?What are all the economic market structure and their differences?How to identify the market structure?
- Timothy quits his job, which pay $86000 a year, to enrol in a 3-year graduate program .His annual school expenses are $64900 for tuition, $8500 for books , and $13000 for food . What is his opportunity cost for attending the graduate program?What are Traditional Society, Command Economy, Market Economy, and Mixed Economy? Which is best?In modern economic society: Which one of the following is not accurate? a. Market use all factors of production to provide goods and services. . b. Production and distribution are done through division of labor. c. Government must solve the problems of poverty. d. all of the above...
- the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of economic activity?As you know about the market (like perfect and imperfect) write in your words about the market which you think is more realistic than other?The way in which economists think is influenced by: Select one: a. Money b. Governments c. Wealth d. Opportunity cost e. Poverty Reason:
