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makkiz [27]
3 years ago
7

In a least 150 words answer the following question. Which of the three economic systems (market, planned, and mixed) do you beli

eve address the issue of scarcity the best? Give two examples of why this system is superior to the other choices.
History
1 answer:
sdas [7]3 years ago
6 0
Scarcity is the fundamental challenge that all individuals and nations must confront. Everyone faces some limitations, so we all have to make choices where we limit or allow ourselves to something.

Economists generally recognize four types of economic systems traditional, traditional, command, market and mixed.

A traditional economic system is shaped by tradition. The work that people do, the goods and services they provide, how they exchange resources… all tend to follow a pattern. The traditional system is bad at addressing scarcity because scarcity is formed off of new requirements people have through the ages and a traditional system would not evolve just as our requirements would.

In a planned economy, the government controls the economy. The state decides how to use and distribute resources. The government regulates prices and wages; it may even determine what sorts of work individuals do.
Socialism is a prime example of a planned economy. Socialism does not work because it is not consistent with the fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.

Market economies allow all economic decisions to be made by individuals. The unrestrained interactions between individuals and companies in the marketplace determine what happens to all the good and resources.Individuals choose how to invest their personal resources and individuals decide what to consume. Within a pure market economy,  the government is entirely absent from economic affairs.

A mixed economic system combines elements of the market and command economy. Many economic decisions are made in the market by individuals. But the government also plays a role in the allocation and distribution of resources.

If scarcity is looked at on a macro level, the best economic system is mixed because it allows the government to also plays a role in the allocation and distribution of resources, while the individuals still stay happy because they have some control. The only problem is the eternal question of what the right mix between the public and private sectors of the economy should be.

There is no point to look at it on a micro level because almost no country is small enough to be considered on that level.


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Why was the word "escalation" used by critics of the Vietnam War?
Sloan [31]

Because LBJ, under the Tolkien Resolution, was given basically infinite power to protect U.S interests in Vietnam. Thus, President Johnson continued to "escalate", or build up American forces, weapons, and intervention in Vietnam. Now, somewhat opposite of this would be "Vietnamization" under Nixon, which was the gradual withdrawal of American troops but a continuation of supplies in order to aid South Vietnam from the Vietcong.  

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3 years ago
Which level of education also has certificate programs that equip students with skill sets in a short time so they can begin the
user100 [1]

Answer:

Diploma.

Explanation:

A diploma is a post-secondary school education that normally spans from twelve to eighteen months of full-time study. It often entails between 30 to 72 total credit units.

With a Diploma, one can easily apply for jobs. This is because Diploma serves to give students necessary skills that equip them for a particular career or job role. For example, Diploma in Graphics Designing, Diploma in Web Development, etc.

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3 years ago
Why did peter the great visit countries in the west, like France,Spain,England etc...?
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He wanted to modernize Russia and traveled so he could use ideas in other countries to better improve his own
8 0
3 years ago
While Rebekah's character was admirable in many ways, one event shows that she was indeed a sinful human being--her favoritism o
Naya [18.7K]

Isaac, the son of Abraham, took Rebekah as his wife when he was 40 years old (Gen. 25:20). After 20 years, Rebecca was pregnant for the first time (Gen 25:26). In her womb were two twins who fought each other, which prompted Rebecca to consult with God, who told her that from their children would come two peoples of which one would be servant of the other (Gen. 25:23).

Esau was born first, being therefore the firstborn and then Jacob was born (Gen 25: 25-28). Isaac had a preference for Esau because of his hunting skills and Rebecca had a preference for Jacob.

This preference for Jacob is what led Rebecca to commit sin. When Isaac was old, he decided to give his blessing to his son Esau because he was his firstborn son, not knowing that Esau had despised his birthright and had sold it to Jacob for a plate of lentils and a little bread (Gen. 25: 29- 3. 4).

When Rebekah heard Isaac telling Esau to go out to hunt and make a stew for him because he was going to give her his blessing, she went ahead and ordered Jacob to dress up with his brother to deceive Isaac and receive Jacob. blessing (Gen 27: 11-13).

Jacob went to the cattle and brought two kids. His mother Rebeca cooked and made a stew with the kids, took his leather and fur to put it in the hands of Jacob, who was hairless, to make him look hairy like his brother and also dressed Jacob with the clothes of Esau (Gen 27: 15-17).

Jacob appeared before his father Isaac pretending to be Esau and could deceive him. Isaac gave Jacob a great blessing by telling him among other things that his offspring would rule by his brother (Gen 27: 18-29).

When Esau returned from hunting, he learned what had happened and also asked for his blessing. Isaac gave him the best blessing he could without undoing the blessing he had already extended to Jacob (Gen 27:40).

Esau decided to take revenge against Jacob by killing him. Rebecca heard Esau's plan and ordered Jacob to go into exile in the house of his brother Laban. Jacob gave an additional blessing to Jacob and sent him to his uncle's house, ordering him to take a wife from among his daughters (Gen 27: 41-46).

Finally Esau could not kill Jacob, the blessing was fulfilled for both of them in the future, and Rebecca suffered the consequence of not being able to see her favorite son anymore (Gen. 28: 1-5, 33:15).


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3 years ago
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What was a muckraker
iris [78.8K]

A - A journalist that reported on the abuses, crime, fraud, and injustices in society.


Muckrakers typically sought to expose, thus causing them to be recognized as the most disliked types of journalists as they sought for sensational stories.


Hope this helps!

8 0
3 years ago
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