Answer:
B. (iii) only
Explanation:
Economists normally assume that the goal of a firm is to earn
(iii) revenues as large as possible, even if it reduces profits.
The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.
Hence, economist seeks to maximize profits, while making higher number of sales.
In short, the seek the following:
1. Growth Maximization
2. Increasing Market Share
3. Satisfying Behavior
4. Maximizing Sales or Total Revenue
<u>Answer</u>:
Since the mid 1970s, the United States had a significant trade deficit.
<u>Explanation</u>:
The U.S had undergone a trade deficit since the 1970s. This has been contributed to the fact that they have been importing way more supplies and goods than the other countries were buying from the Americans. These imports have affected the native industries. Also, the demand for American products went down drastically and thus contributing to the deficit.
While Europe and Great Britain undertook industrialization in the 18th century, Americans started it in the 19th century-this delay resulted in the US depending upon imported goods and also in US struggling to meet Europe's levels of export.
Nigeria gained independence from the United Kingdom on 1 October 1960. And an Executive Council, made up entirely of Nigerians, was led by a Prime Minister, Alhaji Sir Abubakar Tafawa Balewa
Answer: Ethnocentrism
Explanation: Ethnocentrism is the view held by members of a culture that the values and ways of one's own group are superior. All other cultures are inferior and apply
one's own cultural values in judging the behavior and beliefs of people raised in other cultures.
Answer:
sometimes yes sometimes no
