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trasher [3.6K]
3 years ago
11

Which one of the government actions would most enhance efficiency in a free market, according to most economists? regulating pro

fits to prevent extreme disparities in wealth placing limits on the amount that landlords can increase rent to protect renters identifying and helping industries that are the most important to the ruling party's policies protecting private property Per most economists, which of the possible government activities would not enhance the operation of a free market? defining property rights clearly creating an independent judiciary establishing a minimum wage to guarantee minimum incomes for unskilled workers issuing a patent for a water purifier that prevents anyone but the inventor from producing it
Business
1 answer:
aleksklad [387]3 years ago
3 0

Answer: 1. statement d

2. statement d

Explanation:  This can be explained as follows :-

1.Government intervention should be done on those sectors that results in maximization of wealth. Private sector is the back bone of every  economy's free market, thus, protecting private property is the correct option.

.

2. Issuing patent right to the inventor will result in monopoly by that particular producer and that too of a necessary commodity hence option d is correct.

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Answer:

mutual mistake

Explanation:

A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.  

Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.

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Answer:

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The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.

An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).

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Routine problem solving is a form of decision making in purchase where consumers purchase products they are familiar with, without paying much considerations to other options available.

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A good experiment should include as many variables as possible at the same time. true or false?
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