Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
The Hammurabi code of laws, a collection of 282 rules, established standards for commercial interactions and set fines and punishments to meet the requirements of justice. Hammurabi's Code was carved onto a massive, finger-shaped black stone stele (pillar) that was looted by invaders and finally rediscovered in 1901.
Southeast id sayyyyyyyyyyyyyyyyyy
Answer: C. Symbolic interactionist
Explanation:
Symbolic interactionist is a theory in sociology that explains how people relate with one another through symbols. For one to understand such social structure, it must be based on this method of interaction.
This theory was developed by George Herbert Mead and his counterpart Herbert Blumer during the 20th century.
Symbolic interaction is important because it helps us to understand and other people's way of behaviour, it also helps us to connect with the society.
Answer:
<em>Predictive expectation </em>
Explanation:
Most times will conceive a bigger picture of what is to come in our mind. Edward has a plan to obtain a car and he already has it in mind that his friend will give him a better deal. Edward already anticipated this prediction and its a case of predictive expectation
An expectation is termed predictive when we anticipate an outcome based on our old experience or real-life experience of others. Predictive expectations are most likely to happen because of the history backing up such future actions. Felipe and Edward get along so Edward expects a good deal because of the friendship.
Therefore this type of expectation is Predictive expectation.
