Homework Answers
"B"
It is considered as a public goods because these goods are non rival and non excludable, i.e. if one person uses it the value for the other doesn't diminish and the goods are non excludable .
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7. Which term best describes a commodity for which the cost of extending the service to...
17) The term "rent seeking" best describes a situation in which: A) firms use resources to...
17) The term "rent seeking" best describes a situation in which: A) firms use resources to secure or preserve a monopoly in providing a good or service. B) consumers compete for a limited quantity of the good. C) individuals expend effort searching for a good price on an apartment. D) None of the above are good descriptions of rent-seeking behavior.
Match the best description to the term: 1. is the view that a more complete system...
Match the best description to the term: 1. is the view that a more complete system of property rights and expanded use of market mechanisms is the best approach to solving issues of resource use and pollution control. a resource that is available to 2. everyone (nonexcludable), but use of the resource may diminish the quantity or quality available to others (rival). common property resource a good/service that is available to open-acces resources 3. all users, under conditions in which...
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group...
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group of answer choices A consumer may obtain the good without preventing simultaneous consumption by another consumer A consumer may obtain the good with the consent of the provider A consumer may obtain the good without payment Flag this Question Question 211 pts Although a lack of information can cause a market to fail, why might some market participants withhold information from others? Group of...
1. Which best describes more than half the population of people served by community health centers?...
1. Which best describes more than half the population of people served by community health centers? A. They are elderly B. They are chronically ill C. They are migrant workers D. They live in rural areas 2. Documentation from a medical professional that a mother, her children, or both are at nutritional risk is a requirement for participation in which of the following programs? A. WIC B. SNAP C. TANF D. Medicaid 3. Which type of social service program is...
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all...
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...
Question 30 Which of the following do firms in an oligopoly tend to operate more like?...
Question 30 Which of the following do firms in an oligopoly tend to operate more like? a. They can operate like competitors or monopolies. b. They operate more like perfect competitors. c. They operate more like monopolies. d. They operate more like competitors. Question 22 Ella lives in Flint, Michigan where the city water was contaminated with harmful chemicals and lead. Ella’s infant now suffers from mental retardation due to lead poisoning. This is an example of a/an a. external...
13) The cost the Almy type of market 7) The market is an example of A)...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which...
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which one adopts patterns of behavior that lead to greater life satisfaction? A. wellness B. health C. social determination D. self-efficacy 2. The Stages of Change Model of health behavior change emphasizes that A. change happens as a process. B. people change only when faced with an illness. C. change occurs only when the environment supports it. D. changes are more effective when based on...
Zara Organizational Structure Structure relates to a skeletal framework of activities and process...
Zara Organizational Structure Structure relates to a skeletal framework of activities and processes in an organisation and specifies the roles of these in achieving goals and objectives of the organisation. According to (Mullins, 2009), a good structure is highly important due to the fact that decisions on structure are primary strategic decisions which can make or break an organisation. One important aspect of a good structure is the human element. Organisation structure should be designed so as to encourage employees...
What happened on United flight 3411?What service expectations do customers have of airlines such ...
What happened on United flight 3411?What service expectations
do customers have of airlines such as United and How did these
expectations develop over time?
Thank You!
In early April 2017, United Airlines (United), one of the largest airlines in the world, found itself yet again in the middle of a service disaster this time for forcibly dragging a passenger off an overbooked flight. The incident was to become a wake-up call for United, forcing it to ask itself what to...
17) The term "rent seeking" best describes a situation in which: A) firms use resources to secure or preserve a monopoly in providing a good or service. B) consumers compete for a limited quantity of the good. C) individuals expend effort searching for a good price on an apartment. D) None of the above are good descriptions of rent-seeking behavior.
Match the best description to the term: 1. is the view that a more complete system of property rights and expanded use of market mechanisms is the best approach to solving issues of resource use and pollution control. a resource that is available to 2. everyone (nonexcludable), but use of the resource may diminish the quantity or quality available to others (rival). common property resource a good/service that is available to open-acces resources 3. all users, under conditions in which...
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...
13) The cost the Almy type of market 7) The market is an example of A) mattress: a monopoly B) com a perfectly competitive C) car insurance an oligopoly D) cell phone; a perfectly competitive 5) airplane manufacturing a monopolistically competitive 8) What is the difference between perfect competition and monopolistic competition? A) Perfect competition has a large number of small firms while monopolistic competition does not in monopolistic competition, firms produce identical goods, while in perfect competition, firms produce...
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which one adopts patterns of behavior that lead to greater life satisfaction? A. wellness B. health C. social determination D. self-efficacy 2. The Stages of Change Model of health behavior change emphasizes that A. change happens as a process. B. people change only when faced with an illness. C. change occurs only when the environment supports it. D. changes are more effective when based on...
What happened on United flight 3411?What service expectations
do customers have of airlines such as United and How did these
expectations develop over time?
Thank You!
In early April 2017, United Airlines (United), one of the largest airlines in the world, found itself yet again in the middle of a service disaster this time for forcibly dragging a passenger off an overbooked flight. The incident was to become a wake-up call for United, forcing it to ask itself what to...
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