Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
Answer: From a Muslim perspective, it is not surprising the Quran has the same stories as the Torah and Bible, Thomas said. All of the sacred books are from the same divine source, teach similar lessons and point to the radical oneness of Allah, he said. This is where the similarities between the Bible and Quran split.
Explanation:
<span>England. The land was under English control but the land itself was often owned my individuals that the king owed money to, propertiers(business men) and the king. </span>
The impact which the terrorist attacks of September 11, 2001 have on the process of devolution was that, the initial shocks caused the global stock markets to drop sharply.
The terrorist attacks of September 11, 2001 impacted the process of devolution in a huge manner. It is estimated that these terrorist attacks themselves resulted in approximately $40 billion in insurance losses, thus, making it one of the largest insured events ever.
These terrorist attacks of September 11, 2001 caused major economic effects, as many people became scared and did not trust the stock market which caused the global stock markets price to drop sharply.
These terrorist attacks also caused a lot of damage of both life and property. The attacks also resulted in the substantial long term health consequences, and in addition to this, at least $10 billion were spent in infrastructure and property damage to recover the loss.
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