Answer:
B. people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is higher.
Explanation:
The certainty effect indicates that people tend to prefer safe results to risk, that is, they overvalue the certainty of winning something, even smaller. In other words, the certainty effect represents a situation where people faced with two possibilities prefer the one that will happen for sure, even though the other possibility may have a better outcome.
The correct options are:
A. Compliance with laws
B. Advantages for producers
D. Advantages for government
E. Control of externalities
Explanation:
A mixed economy<u> </u><u>is a mix between the private and public sector</u>, where both sectors control the factors of production. This type of economy allows prices to be determined by the laws of supply and demand in the free market, and motivates producers to be competitive and offer quality products. A mixed economy also ensures that the government intervention can help control externalities with regulations, laws and taxes.
From the given diagram of PPC, point A represents wastage, inefficiency, and unemployment.
<h3>What is PPC?</h3>
PPC stands for production possibility curve where the effects of two goods are presented graphically.
In the given PPC diagram, there are quantities of two goods represented one is butter on the x-axis and the other is guns on the y-axis. Point A in the diagram represents that the goods are being underutilized in respect of the goods available for disposal.
Therefore, option B is the correct answer.
Learn more about the PPC in the related link:
brainly.com/question/16969732
#SPJ1
Answer:
The answer is creating new materials!
So any part of Japan is always 3½ hours ahead of India, and the correct answer is 15:30 I think.
