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 formation of a middle class did affect peasants during the Middle Ages because peasants had an opportunity to move up in the social hierarchy by becoming artisans, merchants, or other types of professionals.
The answer would be letter A.
Answer:
it is very similar to it's neighbors
Explanation:
Most of Saudi Arabia's population has Islam as its official religion, although other religions are permitted and celebrated in the country, but with less popularity.
The neighboring countries to Saudi Arabia are Yemen, Qatar, the United Arab Emirates, Oman, Iraq and Jordan, which also present Islam as an official religion and have other religions that are less popular.
This makes us say that the religious composition of Saudi Arabia is very similar to the religious composition of the countries neighboring it.
It repealed the missouri compromise which prohibited slavery north of latitude 36°30
This could have happened due to pressure.
Explanation:
Human muscle memory is reliable in normal conditions.
LEBron James had one of the best hands in the game and would never miss a foul shot but the pressure of the game would have been so great that he missed.
Psychological duress and the pressure of expectations make people double check and doubt their own muscle memory which may sometimes falter and make them commit mistakes they would not otherwise do.
This is what happens here.
