First question: the king or queen sometimes has absolute power: for example, this is the case in Bahrain, but not in Norway, even though both have monarchs.
Second question: it's the federal system: in this system the states have a level of autonomy and can decide on the local issues.
Answer:
Extensive social regulation may have an anticompetitive effect.
Explanation:
Social regulation refers to a series of public policies, rules, and laws, implemented by a government that try to determine or influence some economic or social activities. Social regulations are often used with specific goals in mind, such as promoting equality, restrict harmful practices, and protect certain sectors of the population, the environment, etc. However, a side effect of regulatiosn is that they might have an anticompetitive effect. That is, they can discourage private activity because the costs of abiding by the regulations might be seem as too high by some actors, thus preferring to stand aside; also, regulations can distort free markets, leading to distortions in prices and misallocation of resources. On the other hand, often times the costs of social regulations are often easier to measure than their benefits. This is because the costs can be directly measured by the amount of money regulations costs to the government and enterprises, while benefits are more often than not indirect, so there are no immediate indicators for how beneficial regulations can be.
Answer:
MCQ: According to the Coase theorem, private parties can solve the problem of externalities if ? there are no transaction costs. each affected party has equal power in the negotiations. the party affected by the externality has the initial property right to be left alone.
Explanation:
Answer:
(A) safety needs
Explanation:
According to Abraham Maslow's hierarchy of needs, unsatisfied needs motivate people in a way that lower needs must be fulfilled first before attempting to satisfy higher needs. Thus, the bottom of the pyramid consists of physiological needs, then safety, social, esteem and self-actualization needs. As a result, Jared wishes to feel more financial security before achieving social recognition.
The reasons President Reagan used to support his stance on the House committee measure included:
- It costs $141 billion more.
- It is a failed policy.
- It cuts essential defense spending.
<u>Explanation:</u>
Ronald Wilson Reagan served as the 40th president of America in the year of 1981-1989. Reagan helped in cutting taxes, increasing defense spending and negotiated nuclear arms reduction agreement with the Soviets. Thus the Cold War quickly came to an end.
Reagan states that the House committee measure projects spent more than $141 billion and it is a failed policy. This failed policy made them to reduce the essential spending on defense. Thus the committee project was canceled and the restored amount was spent on U.S national security.
