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lubasha [3.4K]
3 years ago
9

Which statement describes one advantage of a market economy?

Social Studies
2 answers:
alexira [117]3 years ago
8 0
An advantage of a market economy is that the c<span>apital flows to where it will get the greatest return, expanding the total size of the economy. </span>
Mashcka [7]3 years ago
6 0
Im taking this test in usatp so like if you have the answers to the quiz could you hmu ?

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Miranda tosses a fair coin consecutively five times and gets heads each time. When her son Shane asks her about the probability
Xelga [282]

Answer: Gambler's fallacy

Explanations: Gambler's fallacy can be simply defined as a phenomenon where the outcome of an event is viewed as less or more likely due to the outcome of previous events even though each event is independent.

For example, If a family should give birth to (5) five boys, gambler's fallacy will argue that the chance or probability of the family giving birth to girl next higher because the previous ones were boys, but in reality the chances are thesame because both gender has equally chance of being conceived.

So Miranda’s statement is a good example of gambler's fallacy because she argue that the probability that she will toss a tail in her sixth toss is higher than 50% and in reality, the probability of tossing a head or a tail are both thesame i.e 50%.

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3 years ago
Question 19 of 20 :
Monica [59]

Answer:Going to say A. Brazil, Hope this helps! enjoy your day/night.

Explanation:

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3 years ago
What is the role of competition policy authorities in south Africa ​
irina [24]

Answer:

South Africa has a developed and regulated competition regime based on best international practice.

South Africa’s economic system is predominantly based on free market principles. However, as in most developed economies, competition is controlled.

The Competition Act of 1998 fundamentally reformed the country’s competition legislation, substantially strengthening the powers of the competition authorities along the lines of the European Union, US and Canadian models.

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2 years ago
21. Opportunity<br> cost functions at all levels of business.<br> a. True<br> b. False
OlgaM077 [116]

Answer:

True

Explanation:

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3 years ago
What does dependency ratio "51.5" mean​
liubo4ka [24]
Dependency ratio is a measure of the number of dependents aged zero to 14 and over the of 65, compared with the total population aged 15 to 64
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