one advantage to this philosophy is that businesses faced fewer government rules and regulations. this allowes businesses to do many things. often rules and regulations add tothe costs that business faces. sometimes, rules and regulations make it harder to do business activities. when businesses have fewer rules and regulations they are generally willing to take more risks and to invest in the economy. with fewer rules and regulations, businesses have a big incentive to try to maximize profits.
a disadvantage of this policy is that businesses may engage in risky behaviors that could lead to future economic problems. in the 1920s, there were few rules and regulations on banks and on the investiment industry. to much money was being loaned to individuals and people could buy stocks woth only a small down payment. banks were also free to invest in the stock market. when the stock market crashed, many people and banks were financially ruined.
The first alternative is correct (A).
<u>The marginal cost is a microeconomic measure that aims to measure the effectiveness of the production of a given good by a company.
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The marginal cost content is simple. Marginal cost is cost if you produce ONE more unit of good. For example, if I have a firm that produces chocolate and my daily output is 10 bars of chocolate per day. The marginal cost is how much it costs to produce one unit more than I normally produce, that is, the cost of the 11th bar.
The graph of pie production, initially the marginal cost is decreasing, up to the third pie. From the fourth pie, the marginal cost starts to increase steadily. This is because the company has a limited production structure, that is, three pies are produced efficiently by employees and inputs. However, as production increases, more employees must be hired, and if space is limited, each employee's productivity decreases. For example, if the company had 1 employee who produced up to 3 pies. When you hired another one, the efficiency has decreased because there is only one mixer, that is, while one employee produces the other, he has to wait.
In this way, marginal cost serves as a measure of an enterprise's efficient production rate.
The scientific revolution was the part of the Renaissance, and it is notable for a series of changes in society, education, and knowledge, which resulted in a string of new discoveries and new views on the world. Before the scientific revolution, the Church had the dominance over the learning, dictating who will be able to learn and what; yet, as a result of this period, knowledge and science were more available and widely distributed. Scientists had more democratic ideas about the world and society, which in the end resulted in the more humane views and laws. All of these circumstances weakened the Church and its impact on society.
The discoveries of the revolution questioned some of the preceding pieces of knowledge supported by the Church, most notably the idea that the Sun goes around the Earth. Nicolaus Copernicus was one of the first scientists who proposed heliocentric theory, and people started to realize the Earth revolves around the Sun. This idea challenged religious believes, and the Church was afraid people would lose faith and trust in God. All of this finally resulted in the loss of the Church’s complete dominance and change of some dogmas that were previously preached heavily.
While, of course, people still have faith and believe in God today, these events changed the complete sovereignty that the institution of the Church had previously, as well as some of Christianity's teachings.
Answer: 1) Peace and Security. The U.S government uses foreign policy to protect against threats and secure our interest abroad. This is one of the most important aspect of foreign policy as it effects the way others perceive our strength and ability to engage in diplomacy.
2) Justice. The U.S uses foreign policy to establish and protect international law and human rights.
3) People. The U.S should ensure the health, education and human rights of others.
4) Economic growth. Policies should help promote development across the globe and improve the economic status of ourselves and others.
5) Humanitarian Assistance. Protect and assist those affected by natural disaster and war.
6) Promote understanding. Help facilitate and improve women's rights and religious tolerance.
7) Citizen Services. Execute and provide Visa and passport services for U.S citizens, etc.
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