Answer:
d) the maximum level of total welfare is not achieved.
Explanation:
When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.
Answer:
The correct answer is letter "B": False.
Explanation:
Small businesses have an advantage in differentiating their products because they are closer to their clients and are often more flexible than their bigger competitors. The differentiation of innovative goods is often a key factor in small business success.
During business-cycle expansions when income and wealth are rising, the demand for bonds rises and the demand curve shifts to the right, everything else held constant.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).
The existence of a company name does not separate the entity from its owner. In other words, the company owner is responsible and liable for the debt incurred by the company. Creditors can trace owner's personal property Corporate structure does not allow corporate tax rate Owners are personally taxed on all income from the business.
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Answer:
The first amendment involves the freedom off free scheech and religion. Meaning that a person can not criticize or not display a person's religion based on your own beliefs or beliefs of others.
Explanation:
Reference possibilities could be
1. http:/guides.library.harvard .edu/
2. Your state website ie Maine.gov mass.gov
3. USA.gov is the federal law
4. Loc.gov is the library of congress
5. 6. Supremecourtus.gov and supremecourts
Gov/opinions for us Supreme Court and recent opinions
7. Law.cornell.edu/citation for legal citations for legal arguments if needed as well as taking the citation out of the address bar to use for finding the law online
8. Http.thelawdictionary.org for legal terms or the black law dictionary
Be cautious of commercial websites some that are good and can give information that is not completely accurate.
C1. Findlaw.com
C2. Lexisone.com for federal and state cases and statutes
Both are used for general information.
Good luck.
Answer:
The correct words for the blank spaces are (<em>in that order</em>): low; high; opportunity; reservation.
Explanation:
For buyers and sellers to benefit from a transaction, the price of the goods or services offered must be at equilibrium. It implies the price is low enough for consumers to consider purchasing the product and high enough for producers to offer it earning a profit.
Besides, producers should consider their opportunity costs which are the costs of adding one more unit for production. On the other side of the road, consumers consumer their reservation price which is the maximum amount of money they could pay for a good or service based on the value they give to the product.