The answer to the question above is MITIGATION. Prevention, protection, response, recovery, and mitigation are considered to be the five <span>interdependent mission areas or the five elements of preparedness which aims for emergency preparedness. This is very crucial to the emergency management as this covers individuals and even organizations.</span>
Answer:
a. Equilibrium quantity: 40 units; Equilibrium price: $40.
b. Quantity demanded: 10 units; Quantity supplied: 30 units; Surplus: 20 units.
c. Quantity demanded: 9 units; Quantity supplied: 31 units; Shortage: 22 units.
Explanation:
a. The equilibrium quantity occurs when the demanded and supplied quantity are the same, the price for which this situation happens is:
At an equilibrium price of $40, the equilibrium quantity is:
b. At a price of $50, the quantity demanded, the quantity supplied, and the magnitude of the surplus are, respectively:
c. At a price of $29, the quantity demanded, the quantity supplied, and the magnitude of the shortage are, respectively:
An increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.
<h3>
What is government spending?</h3>
- All government purchases, investments, and transfer payments are included in what is known as government spending or expenditure.
- Government final consumption spending is defined in national income accounting as the purchase by governments of goods and services for immediate consumption, to primarily meet the individual or collective needs of the community.
- Government investment is defined as the purchase of goods and services by the government with the intention of generating future benefits, such as infrastructure investment or research spending (government gross capital formation).
- Together, these two categories of government spending—on final consumption and gross capital formation—make up one of the primary parts of the GDP.
Therefore, an increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.
Know more about investments here:
brainly.com/question/25300925
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Answer:
These are the options for the question:
market-based
communist
command
laissez-faire
mixed
And this is the correct answer:
mixed
Explanation:
A mixed economy is an economy that either:
- Mixes state intervention with a free-market economy.
- Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
- Has coexistence of public enterprises and private enterprises.
In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.
The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.
