I would be to be at least 3 seconds away to maintain the following distance
The correct answer is Nomothetic approach
In the nomothetic approach it is established in the process of attributing meanings to it, which are derived from its association with theories and other indicators. This process of attributing meanings is fundamentally qualitative, similar to the process of theoretical construction. We demonstrate how validity is not a property of instruments or procedures, but of the process of qualitative associations inferred based on observed relationships.
<h2>
The given economic terms can be matched with their descriptions as below:</h2>
- Monopoly: There is a single seller in the market.
In a monopolistic market, a specific commodity it sold by only one player. This allows the seller to manipulate the prices of the commodity the way he wants.
- Perfect competition: There are no barriers to entry in the market.
This market is open to all and every single player in the market is free to trade in any legitimate commodity that he wants to trade in.
- Collusion: Three companies secretly enter into a price agreement.
In order to achieve the state of profit for all, three companies come together and unanimously decide the prices of their products so as to impact the market and to make the other players in the market reduce the price of their products.
- Oligopoly: Every company in this market structure is aware of the actions of the other companies.
The players in this market are closely spaced and are familiar with the strategies of each other.
The interconnectedness of nations around the world on economic, political, cultural, social, and military dimensions is called: <u>Globalization</u>
<u>Globalization:-</u>
- Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
<h3><u>What are the interconnected dimensions of economic globalization?</u></h3>
- Manfred Steger, professor of Global Studies at the University of Hawaii at Mano argues that globalization has four main dimensions: economic, political, cultural, ecological, with ideological aspects of each category.
To learn more about Globalization, click the links.
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Answer:
Answer is C. benefits given only to group members.
Explanation:
Selective benefits are valuables that are difficult to withheld from the group members. It could be a monetary benefit.
This act is a form of advocacy to influence the opinion of the people in supporting or joining their group, and done in overcoming free rider problem.