Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.
Answer:
option. C. $50
Explanation:
Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.
Answer:
C. private property rights
Explanation:
A fundamental difference with socialism under which property rights are violate or denied. If individuals cannot own what they achieve they don't have the incentives to improve the manufacturing process (patents), discover new materials(right of use) or offer their factor in the market (rent their capital, land or offer his workforce) Leaving a society with lower output as time passes becasue there is no innovation. Without property right we are back into grow rate of the medieval period on which the lord ownerd the land and the indivudual nothing.
Answer:
All of these are characteristics of the long-run supply curve.
Explanation:
In the long run supply curve shape is dependent on wether the industry is a constant cost industry, a decreasing cost industry, or an increasing cost industry. It can be horizontal, upward sloping, or downward sloping.
In constant cost market price remains constant with increasing output. Supply curve is horizontal.
In decreasing cost industry supply curve is sloping downward and cost reduces with output.
In increasing cost industry supply curve is upward sloping and cost increases with increased output.