Market failure occurs whenever "free markets fail to distribute resources efficiently".
<u>Answer:</u> Option A
<u>Explanation:</u>
The free market is a supply and demand-based economic system, with minor or zero government control. Market failure take place on the failure of efficient resource distribution, because if the demand of public will not be met on time than self life of product start decreasing and consumers may find alternatives to fulfill needs.
The causes for free market failure may be resulted from following factors like:
- positive and negative externalities,
- environmental concerns,
- lack of public goods,
- under-supply of merit goods,
- over-supply of demerit products and
- misuse of monopoly power.
The correct answer that would best complete the given statement above is the word VALENCE. Here is the complete statement. According to expectancy theory, your valence is low <span>if you don't think a bonus or raise is going to be big enough to justify working evenings and weekends. </span>
Answer:c
Explanation:we think we can do anything when we consume alcohol
The statement, "Network diagrams illustrate the technical constraints among activities," means the activities are constrained because one activity cannot be started until the predecessors are finished.
Option: B
Explanation:
- Network means an inter connection between various sectors. This type of diagram shows the inter relationship among the sectors. Each activity has a relation with the other activity. Before finishing a particular work it is not possible to start the next work.
- These process is known as technical constraints. That means the system is mechanized in such way that will restrict the inception of further work before the ending of predecessors. Network diagram always proved helpful in describing the connectivity and accessibility among various segments.
