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lakkis [162]
3 years ago
15

Laissez-faire is an economic: Multiple Choice precept because it is the logical conclusion of a model with widely held assumptio

ns. theorem because it is the logical conclusion of a model with carefully stated relationships among variables. precept because it is based on a model and normative judgments about the relevance of the model to the real world. theorem because it is based on deductive analysis of a model that is based on assumptions.
Business
1 answer:
Westkost [7]3 years ago
3 0

Answer:

Option C (Precept............real world) is the right answer.

Explanation:

Laissez-faire economics seems to be a hypothesis that always constrains government interference.

  • It maintains that perhaps the financial sector was indeed particularly strong since all the current regime was doing was safeguard the freedom of persons.
  • Subsequently, free-market statisticians predicated on the premise of laissez-faire mostly as an approach to sustainable economic success, because while critics disparaged it for helping to promote unfairness.

The other actions taken are not connected to the circumstance in question. That would be the right response to the above.

You might be interested in
Dixie is a product of the Digby company. Digby's sales forecast for Dixie is 506 units. Digby wants to have an extra 10% of unit
n200080 [17]

Answer:

556.6 or 557 units

Explanation:

Given that,

Digby's sales forecast for Dixie = 506 units

Digby wants to have an extra units on hand above and beyond their forecast = 10%

Production units = Sales × (1 + Reserve Percentage)

                             = 506 × (1 + 10%)

                            = 506 × 110%

                             = 556.6 or 557 units

Therefore, the Dixie's will produce 557 units in order to have a 10% reserve of units available for sale.

5 0
3 years ago
Under the flsa, what information concerning employees' wages earned must be maintained by the employer?
Ksju [112]

Under the FLSA, information concerning employees’ wages must be maintained by employer such as having to pay during the payroll period, the proper total additions to or deductions from wages should be followed and the amount and nature of the exempt pay should be followed correctly.

4 0
3 years ago
The production possibilities frontier provides an illustration of the principle that a. people respond to incentives. b. trade c
Mekhanik [1.2K]

Answer:

d. people face trade-offs.

Explanation:

The production possibility frontier shows all the combinations of two goods an economy can produce when all its resocurces are fully employed.

At one extreme of the curve, the highest possible amount of one good is produced while zero quantity of the second good is produced . To produce more quantity of the second good, one has to produce less quantity of the first good. This illustrates trade off.

I hope my answer helps you

7 0
3 years ago
In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do
nekit [7.7K]

Answer:

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation  prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The  Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

5 0
3 years ago
Economic theory defines specialization as the production of one or just a few goods and services. Specialization refers to how a
Delvig [45]

Answer:

Both countries can benefit from trade through specialization.

Explanation:

Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.  

A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.  

Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.

3 0
3 years ago
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