Answer:
Student loan forgiveness given to teachers if they teach in high poverty areas
Explanation:
This is not a subsidy as it is a "condonation". The subsidy is well structured within a budget and is know in advance that it will have a certain amount delivered from the state to a particular person or business. In the case stated above the condonation occur, but there is no previous knowledge of how much will be paid by the state and is not granted for the performing of a specific activity.
Propaganda is the manipulation of information to influence public opinion. It uses a number of different techniques, such as emphasizing bits of information that support a position and minimizing or excluding those that do not.
Overgeneralization
An example of propaganda is Overgeneralization, which is when statements that are so general they oversimplify reality.
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"Birds have wings so therefore all birds can fly. Right?"</span>
Answer:
c. there are no barriers preventing new firms from entering the market in the long run.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.
However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.
In a nutshell, in the long run equilibrium P=MR=MC and P=AC.
Therefore, a typical firm in a perfectly competitive market earns zero economic in the long run because there are no barriers preventing new firms from entering the market in the long run.
Answer:
Option C
Explanation:
In simple words, The capacity of a country to provide a certain item or service at a lower opportunity expense than its trade rivals is known as comparative advantages. A comparative advantages allows a firm to sell goods as well as services at a cheaper cost than its rivals while maintaining higher profit margins.
Thus, from the above we can conclude that the correct option is C.