Answer: True
Explanation:
Hybrid cars use both electricity and gasoline motors and engines. The concept behind this is that the electricity gives the car better acceleration and the gasoline then maintains it.
Developed countries tax gasoline due to its emissions but don't really tax electricity. On realizing this, designers recognized that they could combine both gasoline and electricity to create hybrids that would decrease the cost of taxation of using gasoline.
Answer: The correct answer is choice c.
Explanation: Asymmetric information is the term that is used to refer to a situation in which on part to an economic transaction has less information than the other party. This term is also known as information failure.
Answer: False
Explanation:
Coordination meeting is defined as the process through which a program or gathering is handled , reviews and arranged in harmonized and systematic pattern.These activities tend to take place according to the scheduled time in correlated manner.
According to the question, Sally is attending a meeting/gathering where team is adjusting the time that activities require but in coordinated meeting are synchronized and activities work according to the programmed time without being adjusted.
Thus, the given statement is false.
Answer: d) The ratio considers differences between the market shares of the top four firms. It is NOT a feature of the four-firm concentration ratio.
Explanation:
The concentration index of a market is the market percentage of a number of companies in that market with respect to its total size. It is used to calculate the domain of one or more companies in their respective market. It is used to calculate the domain of one or more companies in their respective market. Therefore the concentration ratio of 4 companies calculates the total market percentage of these 4 companies and presents with respect to the total market, so it does not take into account the differences between the market shares of the four main companies.
Answer:
The correct answer is option E.
Explanation:
The government can intervene in the market when it becomes inefficient. Though generally, markets are efficient, inefficiencies arise because of asymmetric information, moral hazard and, externalities.
The government can intervene in the market in case of positive and negative externalities. In case the consumers do not have perfect information about the qualities of a product, the government can intervene to eradicate inefficiencies.