If a price control causes a surplus the market will become inefficient because:
1. The producer will manufacture the same amount of goods as he did previously but the surplus will increase its cost and the goods will not be sold in the market, it will result in the wastage of goods and resources if they are kept in one place for a long time.
2. The surplus will cause an equilibrium in the market in terms of supply and demand.
3. If the goods are not sold in the market for a long time, it will stop the circulation of money.
Meaning of Inefficiency :
It means the lack of ability to achieve a certain goal without wasting energy, resources and time.
The reason that plantations sprang up in the South was due to the geography and climate of the Southern colonies areas. Tobacco, rice, cotton, sugar cane and indigo were valuable plants and grown as cash crops.
The answer to this question is <span>that when one thing follows another, the first is the cause of the second.
Examples of fallacy of false cause:
- After my mother eat the tomatoes, she developed dementia. Therefore, tomatoes cause dementia.
- After taking vaccines, my Daughter developed autism. Therefore, vaccines cause autism</span>
Answer:
This idea is according to the Opponent-Process Theory.
Explanation:
Opponent-Process Theory suggests the way an individual perceives colors is controlled by 3 opposing systems:
- Green vs. red
- Blue vs. yellow
- black vs. white
An individual can only detect one of the two colors from each system at a time, since once of the colors tends to conceal the other.
This theory can be applied to emotions as well, also looking at them as pairs of opposites such as:
- Sleepiness vs. arousal
- Fear vs. relief
- Pain vs. pleasure
In this case, once the stimulus which has caused fear ends, the opposite emotion will occur; relief.
The ability to learn a new computer software program is to "<span>fluid intelligence"</span> as knowledge of state capitals is to "crystallized intelligence".
Fluid intelligence is the ability to think legitimately and take care of issues in novel circumstances, free of obtained learning. Crystallized intelligence is the capacity to utilize aptitudes, information, and experience. It doesn't compare to memory, yet it relies on getting to data from long haul memory.
