<span>The correct answer is "excess demand". If the demand increases much more than the supply provided on the market, there will be an inevitable marketing disequilibrium. The supply will also forcibly become limited to advantageously raise their price.</span>
Answer:
The omnipotence fallacy
Explanation:
The omnipotence paradox or fallacy arise if one assumes that an omnipotent being has no limits and is capable of realizing any outcome or result and even logically contradictory ideas such as creating square circles. This family of fallacies hinges on the understanding of the word "omnipotent" which is the nature of God.
The most well-known version of the omnipotence paradox is the paradox of the stone "Could God create a stone so heavy that even He could not lift it? This phrasing of the omnipotence paradox is vulnerable to objections based on the physical nature of gravity, such as how the weight of an object depends on what the local gravitational field is. Other statements of the paradox that do not involve such difficulties include "If given the axioms of Euclidean geometry, can an omnipotent being create a triangle whose angles do not add up to 180 degrees?" and "Can God create a prison so secure that he cannot escape from it
Relating this to the question, smart think that they are all powerful and they can do whatever they want and will not come to any harm. This is a case of omnipotent fallacy. He feels all powerful.
And believes that because he exercises, smoking (which is dangerous to health) will not cause him any harm, and hence he shouldn't be in the statistics of smokers.
That statement is true
Ethics is indeed something that used by a social group to determine whats wrong and whats right.
Ethics could differ depended on the type and location of the social groups for example.
In middle east countries for example, it is considered unethical if women's clothing showed any form of skin while it is still considered ethical in western country
Answer: Economic Theory
Explanation: Economic Theories are principles and ideas aimed at analyzing economic behavior and problems. Economic Theories are product of thorough theoretical research which identifies economic problems, reasons for those problems and ultimately proffers the best possible solution to arrest those problems. Hence economic Theories models economic realities and make real world predictions using this models.
Answer:
New Deal legislation solved the economic crisis quickly.
Explanation:
Many spending programs provided highly effective stimulus during the Great Recession. Governments may use fiscal policy—additional government spending or tax cuts—to stimulate the economy during a recession period. In a deep recession and liquidity trap, fiscal policy may be more effective than monetary policy because the government can pay for new investment schemes, creating jobs directly – rather than relying on monetary policy to indirectly encourage business to invest.
