Answer:
Putting aside the very real human cost, war has also serious economic costs – loss of buildings, infrastructure, a decline in the working population, uncertainty, rise in debt and disruption to normal economic activity.
Explanation:
Answer:
D. All of the above.
Explanation:
Their are many reasons why economists study the perfect competition model but we will focus on the options given and it is certified that all of them are the reason for this. Because it is used as a benchmark to compare with other market structures etc.
Firms can enter and leave the market without any restrictions , therefore, there is free entry and exit into and out of the market.
A perfectly competitive firm is known to be a price taker because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors.
Assuming this is a true or false question this is false. Children in high-pressure environments are more likely to bring guns to school.
For example, A child who excels in h=their classes and they are constantly being pressured by the school and their peers to be the best in the school is more likely to be frustrated and make irrational decisions due to the high pressure and stress.
<span>It limited the power of the King. This was created due to the abuses by King
John. Most important of all, it was the
first document to record the rights of individuals. Even if it was too strengthen the power of
the barons, free were promised the right to fair trail and this was expanded in
1400 to include everyone. This helped
lay the seeds for future independence of the ordinary men from the nobility and
would bring about the eventual end of feudalism.</span>
The equilibrium price is the customer cost that is assigned to a product where the quantity demand and supply is equal.
<h3>What is price equilibrium?</h3>
Your information is incomplete. Therefore, an overview will be given. It should be noted that price equilibrium simply means the price where the quantity demanded and supplied are equal.
This is the price at which the supply and demand are balanced in the absence of external influence.
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