Hmph.. I believe it's A.
Love, grace-
<u>The situations of market inefficiency are the following</u>
- Consumers wait in line to buy a sale television because the first to come is the first served.
- Consumers gain access to goods through a lottery or wining a contest.
In both situations there is an excess of demand (shortage of offer) beacuse the marketa are inefficient in terms of allocating the goods and services to all the consumers that are demanding them. Rationing mechanisms have to be implemented instead, operating under specific sets of rules such as: "first come, first served", or through the organization of a lottery.
<u>The other two situations do not reflect market inefficiency</u>
- Consumers compete for wages in a free market economy.
Markets are freely functioning and it does not mentioned any disequilibrium situation that involves inefficiencies.
- Consumers all agree and decide to produce certain products they need and want.
A group of consumers decides to become producers and perform the economic roles of this economic agent. This is the everyday life in markets.
Answer:
1. 200 yrs 2. Pax Romana is a roughly 200-year-long time span of Roman history which is identified as a period and golden age 3.Changed the government system and took advantage of his hero status to assassinate and do other harmful things. 4.this means that the Romans became lazy. 5. rebublic: form of government in which a state is ruled by representatives of the citizen body Pax Romana: he peace which existed between nationalities within the Roman Empire. dictatorship: government by a dictator. Sack:(Something to hold things in made out of different material) a large bag made of a strong material such as burlap, thick paper, or plastic, used for storing and carrying goods.
welcome (would like to get the crown:>)
China was divided into areas of foreign economic control which were known as "provinces". These provinces also had a great deal of autonomy when it came to customs as well
Answer:
The production of large quantities of a standardized article by an automated mechanical process.
Explanation:
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