<u>Answer:
</u>
If the bad results are to be reduced, the trade-off would be that most economic production units would have to be shut down and hence, many people would lose their jobs.
<u>Explanation:
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- For any activity carried out by humans, there is a certain degree of negative impact or a negative footprint left.
- As the income earned by performing a specific activity needs to be spent for the fulfillment of some other activity, in the same way, an activity done to earn has to be naturally coupled with an activity of loss sooner or later.
Answer: Option(a) is correct.
Explanation:
FOMC (Fed open market committee) is monetary policy making body of United states who implements various money supply related policy.
Here, FOMC orders the open market desk to sell government securities, which lowers the money supply and increases the interest rate.
Fed use this monetary policy instrument to control the money supply in the economy.
This effect also shown in a diagram.
In the IS-LM diagram, it was shown that there is a shift in the LM curve leftwards due to decrease in the money supply. So, this decrease in the money supply raises the interest rate from i to i' and decreases output from Y to Y'.
<span>The four characteristics used to classify retail stores are: the type of merchandise sold; the variety and assortment of merchandise sold; the level of customer service; the price of the merchandise. For example, we know that Whole Foods and Aldi are both grocery stores. However, Whole Foods provides different types of merchandise and provides a different level of customer service, as they focus on organic and healthy foods and their employees bag groceries. Aldi, on the other hand, focuses on cheaper foods without much heed to organic or health materials, and they do not bag groceries.</span>
Answer:
b. Non-excludable; Tragedy of the commons.
Explanation:
Bumper-to-bumper traffic on free public roads, a(n) NON EXCLUDABLE good, is an example of the TRADEGY OF THE COMMONS
Therefore NON EXCLUDABLE good can be defined as the goods in which every individual or the general public have access to use in which the use of this goods by the public does not affect it availability for use in the future meaning that such goods will still be available for the public to make use of which is why Bumper to bumper traffic on free public roads, is a NON EXCLUDABLE good because it does not restrict or exclude a person or an individual from using it. While TRADEGY OF THE COMMONS on the other hand can be defined as the way in which a person or an individual desire to use or make use of resource for their own self desire or self interest and gain without caring about other users of the same goods which inturn may lead to reduction or depletion of such resource for other users of it. But despite this tragedy of the common does not restrict or exclude the public from using or consuming it. Example of TRADEGY OF THE COMMONS is Traffic congestion.
