The most important difference of the two or between
businesses in the profit and nonprofit organizations is that in terms of nonprofit
organizations, the organization owners does not make money, while the profit
organizations—it makes money for the organizations’ owners.
Answer:
d. both countries, as whole, will be better off.
Explanation:
When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.
So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.
Answer:
The main reasons for policy intervention by the government are:
To correct for market failures.
To achieve a more equitable distribution of income and wealth.
To improve the performance of the economy.
Explanation:
To correct for market failures: This is achieve by creating regulation institutions for the most important sectors in any given economy e.g. Federal Reserve, Treasury Department
To achieve a more equitable distribution of income and wealth: This is the aim of a develop economy to allocate the resources where needed and for that some countries rely in the government capability to prevent Monopoly creation or to protect its Internal Labor market.
To improve the performance of the economy.: In order to meet the economical agenda of any given government the institutions use variation on the interest rate, the government expenditure or the tax policies.
Meritocracy is a system based on
a dominant ideology involving the widely shared belief that all people have an
equal chance of succeeding economically or a political philosophy stating that
power should be vested in individuals based on their hard work and skills.
I think the answer is c for this question tbh well yah
