Answer:
• Advertising undermines competition.
Explanation:
Oligopoly is a market structure which contains the small kind of firms in that it have non-significant influence. The concentration ratio defines the highest firms market share
As per the given options, the advertising impact the choice for the consumer in an oligopoly at the time when advertising undermines the competition
Therefore the option b is correct
And, the rest of the options are wrong
Answer:
TRADE DEFICIT
FOREIGN CURRENCY RESERVE DEPLETION
LOCAL CURRENCY DEVALUATION
RECESSION
POTENTIAL UNEMPLOYMENT
Explanation:
The problem that could develop if the U.S. became too dependent on other nations for goods and services are:
1. Trade deficit because when a country imports more than it exports it runs a trade deficit.
2. Foreign Currency Reserve Depletion: If the U.S. has to import so much from other countries, it will need to increase its foreign reserve because that is how it will pay for such imports. Otherwise the foreign reserve will be hugely depleted
3. Local Currency Devaluation. Reliance on exports can devalue the worth of the local currency because the demand of the foreign currency will be high in relation to local currency and people will be willing to pay more to get foreign currency, which will devalue the local currency
4. Recession: If the United States is reliant on OPEC countries for Oil and an embargo is placed on oil export from those, the U.S. will suffer a recession.
5. Potential Unemployment: Imports of finished goods will cripple local industries who will be forced to compete with the international firms whose goods and services are being imported; and those employed in such industries might loose their jobs, if the small local enterprises are unable to survive such competition.
C: They charge extremely high interest rates.
Answer:
The answer is B.
Explanation:
Unemployed people are those who are out of work and who are actively looking for a job. They are also those citizens they are willing to work but cannot find.
The unemployment rate is 6 percent.
So, The number of unemployed workers in this economy is 9 million (6 percent of 150 million civilian labour force)
We cannot use the total population because out of it, we have young citizen and old ones who are not searching for or willing to work.
Answer: B - a general improvement in technology affecting production of all goods
Explanation: The Production Possibility Frontier is a curve that shows the two combination of goods an economy can produce when all its factors of production are efficiently used.
Technological progress shifts the curve outward, away from the origin as more output would be produced using the same combination of factor inputs.
Shifting of resources from butter to gun would lead to movements along the curve as more gun would be produced and less butter.
Pacifism becoming less popular which increases gun production, would cause movement along the curve.
Increase in consumer desire for butter increase the amount of butter produced . This would generate a movement along the curve
