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blsea [12.9K]
3 years ago
6

A public choice theorist would be most likely to say that government failure is a consequence of the__________.

Business
1 answer:
tankabanditka [31]3 years ago
6 0

Answer:

Rational behaviour of the participants of the political process.

Explanation:

Public choice theory is the theory used in economic as well as political domain as a process of decision-making. It administers the use of economics-related knowledge in the field of politics and thus, focuses on solving various political problems with the help of economic tools. While making decision-related to political issues according to the public choice theory, it is important to have adequate economics and political knowledge, and the decision should not be based on any rational behavior.

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The famous observation that households and firms interacting in markets act as if they are guided by an "invisible hand" that le
tia_tia [17]

Answer:

d. Adam Smith

Explanation:

  • In 1776 Adam smith made an observation to the economics as the households and the forms interaction patterns and in the market as they were guided by an invisible hand and that led to the desired outcomes in the markets.
  • Hence this invisible hand was used as a metaphor pf the free market economy which had the individual interest and freedom of the production and consumption as well.
5 0
4 years ago
Dr. cho wants to know if differences in the growth rate of fish are based on genetics or the environment. he buys two fish. fish
pantera1 [17]
Dr. Cho should conclude that the growth rate of a specie is still greatly affected by its environment. I think that genetics play a big role, but only in the first few time periods of a life cycle. It is our genetics that tell our physical characteristics such as eye color, hair color, body type or skin tone. But as time progresses and your are exposed to an environment for a long period of time, these characteristic may be affected and can evolve. For example, the hair color of a person is originally black may become brownish if works regularly under the sun. The same is true for bone structure, metabolism and growth rate. External factors such as food could greatly affect a specie's characteristics.
3 0
4 years ago
Bauman Flooring found a supplier of very inexpensive fibers that could be used to produce low-grade carpeting at a very low cost
lisabon 2012 [21]

Answer:

Quality modification

Explanation:

Quality modifications can be defined as changes that relate to a product's quality in terms of dependability and durability and are mostly executed by changes in the raw materials or production process and techniques.

4 0
4 years ago
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
lilavasa [31]

Answer:

The correct answer is option B.

Explanation:

Because of drought, the supply of wheat will decline. This will cause the supply curve to move to the left. As a result, the price of wheat will increase.  

Wheat is used as an input in the production of bread. The rise in the price of wheat will lead to an increase in the cost of producing bread. This increase in the cost of production will lead to a decline in supply.  

The reduction in the supply of bread will move the supply curve to the left. This will further cause an increase in the price of bread. As potato is a substitute good for bread, an increase in the price of bread will cause the demand for potatoes to rise.

4 0
4 years ago
On January 1, Garcia Supply leased a truck for a four-year period, at which time possession of the truck will revert back to the
Andru [333]

Answer:

$987

Explanation:

Calculation to determine the amount to be added to the right-of-use asset and lease liability under the residual value guarantee

First step is to determine the Present value of $1: n= 4, i = 5%

Present value of $1: n= 4, i = 5%

Present value of $1=.8227

Now let calculate the amount to be added to the right-of-use asset and lease liability under the residual value guarantee

Using this formula

Amount added to right-of-use asset and lease liability=(Guaranteed -Actual)*Present value

Let plug in the formula

Amount added to right-of-use asset and lease liability=($39,800-$38,600)*.8227

Amount added to right-of-use asset and lease liability= $1,200*.8227

Amount added to right-of-use asset and lease liability=$987

Therefore the amount to be added to the right-of-use asset and lease liability under the residual value guarantee is $987

4 0
3 years ago
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