Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
Jim Crow laws were state and local laws that enforced racial segregation in the southern United States. These laws were enacted in the late 19th and early 20th centuries by white southern democrat dominated state legislatures to disenfranchise and remove political and economic gains made by black people during the reconstruction period.
They were put to work in harsh conditions in the fields.
Answer:
Committee Consideration (Transcript) Each committee receives many bill referrals over the course of a Congress – far more than the panel is capable of pursuing in any detail. The committee’s chair has the chief agenda-setting authority for the committee; in essence, the chair identifies the bills or issues on which the committee will try to formally act through hearings and/or a markup.
Explanation:
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Answer:
customary international laws
Explanation:
Customary international laws are guidelines that determine that a country must manage a given situation based on international law, allowing countries that may be affected by that situation to be informed in time to establish their own guidelines for coping with the situation.
When Japan announced to neighboring countries about possible air contamination, it means that Japan has acted within customary international laws, allowing countries that could be affected by this air, to establish their own coping strategies.
