Answer:
A. High entry costs prevent new producers from entering the market.
Explanation:
Oligopoly is the opposite of monopoly (only one company that offers a service or is the supply). An oligopoly has few companies offering one service or product which can control the supply and market price of it, such as automotive sector or airline. One of the things that limited competition in an oligopoly is the costs of entry, to set up the manufacturer, to make research and marketing and be able to compete with these companies the entry cost is high.
Answer:
The correct answer is: overstate
Explanation:
The substitution bias in economic index numbers appears when the possibility of a consumer to change the consumption of a good - that has become more expensive relative to others - for a cheaper one, is ignored. Thus, looking at the CPI (Consumer Price Index), as an indicator of how much the consumer cost of living has raised over time, without eliminating the substitution bias, can over-estimate this inflation effect.
Answer:
They are all expressing their own values in the choices they make.
Explanation:
They all made choices but each has a value attached to each choice even if the choices were not same.
Answer:
The correct answer to this open question is the following.
These are the people I interviewed and what they say about taking risks.
Gentleman 1. "I did not like to take risks, but everything changed in 2006 when the company fired 40% of the employees in the marketing department. I was scared to death because I wasn't expecting that. Instead of looking for another job, my wife supported me and encouraged me to open my own business. I didn't want to but I have to, and that end up well."
Lady 2.
"I endured the unimaginable I was willing to endure more, but he asked me for the divorce. I was in shock. All of a sudden, I was alone. My family lives abroad. I was about to leave the country, but one of my friends invite me to join her bakery shop for one week, while she hired an employee. I shared some recipes from my country's cuisine, and I decide to stay for one more week, the one more month...and here I am. Alone, but with a great business partnership with my friend."
Gentlemen 3.
"I had a normal life until I was able to accept a scholarship in Oxford. I was afraid. Never before leaving this country. My family and my friends are here. I was stubborn and decided to stay in Maryland when my English grandmother told me that this opportunity only presents once in a lifetime. That piece of advice mad me change my perspective and I took the scholarship. It was the best that could have happened to me. I got back from Oxford 6 years later with a beautiful wife and a kid."
Lady 4.
"I am an explorer. Love risks. The tougher the better. Risks just are part of my life
Explanation:
Answer:
C
Explanation:
The wars fought between Rome and Carthage for 20 years are called the Punic Wars.
