<span>Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.</span>
Answer:
B) False
Explanation:
Portfolio betas are the weighted average of the each of their asset betas that comprise the portfolio. If you change the weights, you could change the portfolio beta as well.
Answer: Self fulfilling prophecy
Explanation: Due to the fact that Luis did poorly in the exam, which gave the teacher the impression that Luis was lazy and unintelligent. According to Symbolic interactionists, every grade or behaviour indicates how one should be assessed, in this case Luis, thus labelling individual students. Lewis was labelled as lazy and unintelligent because of bad exam here.
After that, the teacher started paying only negative attention to Louis, he saw him as lazy, so he judged his behaviour as lazy, and saw him as unintelligent, based on the grade on the exam.
Based on the teacher's negative attention to Luis, Lewis begins to lose interest in school, which is self fulfilling prophecy. When a person, student, or event is expected to do something concrete, say, something as bad as in this case, then it is most likely that that person or student will "fulfil prophetic expectations" and begin to behave in a bad way.
The Safe Drinking Water Act limits the amount of pollution introduced into waterways.
The answer is:
Yes, it is indeed FALSE
Marx's theory relies on economic determinism and takes into account material possibilities while Weber also considers culture and politics into economy.
Explanation:
Marx's communist theory relied on material and class claims on which the theory and economics is based around.
Marx was not aiming to create a fool proof theory of economics but making a societal point through focus on materialism.
Contrasted with Weber who can be termed an early economist. Weber was very much in an attempt to develop something along the lines of an economic theory in which culture and politics are also emphasized upon.
The influence of culture and politics on economics was his lasting work.
