Answer:
The correct answer is the option C: may or may not affect social welfare in the short run but increases innovation in the long run.
Explanation:
On the one hand, <em>piracy of intellectual property</em> is consider to be one of the main problems nowadays regarding the area of music, movies and more due to the wide range that it has to reach people everywhere with just a click on the internet. Therefore that this concept at the short run may or may not affect social welfare regarding those that are affected such as the musicians or those that are benefit such as the common people, while in the other hand at the long run it increases the innovation due to the fact that the FBI agents and the affected people try their best in order to eliminate the piracy by creating new ways of dealing with it.
First you have to turn left mom, NO MOM TURN LEFT, okay now do you see that hole in the ground, yea , ok good now jump down it and come get me , i got tied up, okay thank you, OKAY STOP SIRI, STOP TEXTING MY MOM ALREADY SIRI, SIRRIIIIIIIIIII
Answer: The opportunity cost of Joe buying coffee at the coffee shop is $1.50.
Opportunity cost refers to the value of next best alternative that one loses when one makes a choice. It is also known as alternate cost.
We try to assess opportunity cost by finding the difference between the value of benefit expressed in monetary terms and the cost of the next best alternative.
In this question we can calculate the opportunity cost of buying a latte at the coffee shop as:
Answer:
C) ownership of corporate stock
Explanation:
In a command economy, the central authority or central government control and owns the factors of production in the country. The government makes all the important decisions in the economy. All production, distribution, and allocation of resources is done by the government or its agencies.
The government determines the goods be produced, their quantity, and prices. The private sector does not participate in economic activities. Therefore, ownership of corporate stock is not possible.
