Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
<span>The forced payments sent to Pharaoh by the conquered are called Tributes. These tributes where made as a sign of gratitude and they were used to develop the lands.</span>
The tendency of these people, wherein 10 of them are psychology majors and all of them believing that they will become psychologists, to make predictions about one's life so self-assuredly is called overconfidence.
Being overconfident may have its own pros and cons depending on the situation this behavior used in.
<span>The question is asking us to say what happens if a country has a low GDP. A low GDP, or a low domestic product, means that the country produces very littte - that's why the product is low. Since it produces very little, it can't sell a lot of its products - so the best answer is
d. produces a low number of goods each year, resulting in an economically poor nation"</span>
It has been reported in a research by Roy Baumeister and Julie Exline that self-control temporarily weakens after exertion, replenishes with rest, and becomes stronger with exercise.
Self-control is an ability to subdue impulses or to regulations one's emotions, thoughts, and actions in order to fulfill specific (longer-term) goals, especially when faced with temptations and impulses. This enables a person to plan, evaluate alternative actions instead of getting carried away by impulses, and prevents him/her from behaving in a way that he/she might regret later on. Willpower is the ability to exert self-control.
