Answer:
Self Interest & Invisible Hand of Laissez Faire Policy
Explanation:
Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.
The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory
Lets talk about all the terms. First of all, zero-sum game theory and rational choice theory are mathematical theories that are used to analyze financial phenomena. The first one is against this view and the second one is a general framework that does not say what its stance is; it is certainly not the basic message of rational choice theory. The mercantilist theory is a theory that favors trade restrictions, so this is not the right choice. THe theory of absolute and comparative advantage are related; the first one says that only a country can make a product in a good way, while the second theory claims that eeach country should specialize in what it is best at producing. The comparative advantage theory makes the case that if there are many goods, one should not need to bother to produce those which he is bad at producing; he should produce a surplus of his specialty and then trade with others (and their specialty products). Thus, comparative advantage is the correct choice.
These occur whenever a firm's marginal costs of production diminishes. they could result from change on a macroeconomic level, reducing burrowing costs. or new infrastructure
<u>Answer:</u>
A researcher plans to evaluate a new reading program by measuring students’ reading skill before and after the program begins. If all the students have high reading skills scores before the program begins, then the measurement procedure has a sensitivity problem known as a "ceiling effect".
<u>Explanation:</u>
The effect which happen if a large proportion of topics on the observed variable have the maximum scores in a study is understood as "ceiling effect". This allows segregation impossible between subjects at the top end of the scale. Exam paper, for instance, will result in 50 percent of students scoring 100 percent. The restriction of calculation happens when the highest score achievable or near to the highest score on a test or measuring device is reached, thus reducing the risk that the test device has correctly calculated the expected domain.
<span>Any sort of skill or experience that demonstrates talents, or lack thereof, that contradict the necessary skills and inclinations of a reporter. These would include illiteracy, disorganization, lack of curiosity, excessive shyness, failure to follow through or follow up, naivete or blind allegiance, and dishonesty.</span>
