Becoming informed about economics helps a person understand the

2 answers:

8 0

It is important that every one know the role of government in regulating production cuz it help them understand our economics

STALIN [3.7K]3 years ago

8 0

Answer:

B) role of government in regulating production.

Explanation:

The study of Economic Science allows us to understand the fundamental assumptions that govern the functioning of market economies.

A market economy operates under the logic of the interaction between supply and demand for goods and services, so that firms act in a system of competition, via prices, for the market share. Thus, consumers are benefited by competition.

A market economy operates freely, so the role of government is to ensure the right environment for economic transactions to take place and to dictate the rules, ie, to regulate economic activity to prevent overlaps occurring, such as formation of price cartels.

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In determining living standards, productivity plays a key role A. for nations, but not for individuals. B. for both nations and

forsale [732]

Answer:

The correct answer would be option B, For both nations and individuals.

Explanation:

In determining the living standards, productivity plays a key role for both nations and individuals.

Productivity is basically the measure of being productive. When the effectiveness of a productive effort is measured in terms of the output it generates, this is called productivity. For example, we can say that this new machinery will be able to product 40% more units of the product. This means, the effectiveness of the new machinery is 40% more now in terms of its output.

Now in this example, productivity plays a key role for both nations and individuals. When effectiveness of a productive effort increases, it will directly impact the company, employees of the company, the economy of the country and thus the whole nation and their living standards. Productivity helps in generating more GDP for the economy, and thus also helps in the growth.

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2 years ago

A writer of a call option will want the value of the underlying asset to __________ and a buyer of a put option will want the va

Sergeeva-Olga [200]

Answer:

Decrease, decrease

Explanation:

A writer of a call option will want the value of the underlying asset to decrease and a buyer of a put option will want the value of the underlying asset to decrease. The writer of the call option who is also the seller of the put option will want the value of the underlying asset which is the financial assets upon which a derivative's price is based to decrease so as to make more profit while the buyer also wants it to decrease so he/she can pay less for the asset.

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2 years ago

Is the Electoral College a good way of ensuring each voter is represented equally? Why or why not?

Ne4ueva [31]

Answer:

No the electoral college is a system of a set amount of elected officials who give their votes based on their district outcome. But they can be uneven since some districts have more than others.

Explanation:

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2 years ago

British indentured servants in the Caribbean were MOST often used for which of these?

Nimfa-mama [501]

Lol same I'm trying to find out to

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2 years ago

Read 2 more answers

Confirmatory bias refers to:

Gennadij [26K]

I think the right answer is a. when a specific suspect has been fixated upon and investigators ignore other possibilities. A bias is a deviation of the thought that causes us to have an erroneous judgment or an irrational interpretation of the events. The confirmation bias occurs when we ignore other evidence of an event to confirm an assumption we have, although this conclusion will be wrong.

I hope

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3 years ago