Consider a perfectly competitive industry in long-run equilibrium. if a single firm in that industry discovers a significant cost-saving production technology, then the rest of the industry will quickly adopt the new technology.
A perfectly competitive market reaches long-term equilibrium when not all firms are making economic profits and the number of firms in the market remains the same. Minimizing the long-run average total cost.
In a perfectly competitive market at long-term equilibrium, an increase in demand produces economic gains in the short term and leads to market entry in the long term. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.
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<span>Some opportunity costs of a greater government role in the economy are government agencies ruining competition and creating a need for higher prices.</span>
Complete Question:
Rosie and Jackie are good friends. Jackie has always been there for Rosie, and Rosie really leaned on Jackie when she was going through a hard breakup. Jackie is also really funny, and she makes Rosie laugh. Since becoming friends, Rosie realized she rarely gets colds, and when she does, they don't last long. Unfortunately, Jackie just moved across town, so it takes Rosie 45 minutes to get to Jackie's house. But, Rosie doesn't seem to mind the drive because she and Jackie are such good friends. In fact, Rosie helped Jackie move to her new apartment.
When Jackie helped Rosie after her breakup, what kind of reward did she offer?
Question Options:
a health reward
an elective reward
a material reward
an emotional reward
Answer: She offered an EMOTIONAL REWARD
Explanation: It is an emotional reward because during the time when she went through a hard breakup, Jackie was there for her. Now, a hard breakup can be characterized with various negative emotional feelings. With Jackie by Rosie's side during a time like that, she was able to provide some positive emotions such as empathy and comfort. All these in conclusion has to do with emotion.
<u>KEY TEACHINGS OF JUDAISM</u>
- Love your neighbour ( all people are made in the image of God. This is why everybody must be treated with dignity and respect. )
- Observe the Sabbath (Shabbat starts every Friday at sunset and ends on Saturday at nightfall. Shabbat is a day of rest to thank God for making the universe)
- Do not make war (Jews believe that God has given them a special job to repair the world. This is called “tikkun olam” and making a war is not a way of reparing it)
- Righteousness ( although it is not specifically said, Jews believe actions are more important than beliefs. These actions are called “mitzvot”, " a good act", "a good thing to do". Some of the mitzvot are about how people must act to other people. For example, they must give charity to a poor person, or help a person who is in danger. They must not steal or lie.
Three characteristics of
effective government leaders include: willingness to accept responsibility, keep a government strong and active and, act
as a final point of authority. These traits are essential for government
leaders so that they can lead the country well.
