To protect an industry from foreign competition is not generally regarded by economists as a legitimate reason for the government to intervene in a market.
Option D is correct .
<h3>What is your biggest economic problem?</h3>
The underlying economic problem is that society does not have enough productive resources to produce everything people want. This is also known as scarcity. The value of goods and services is determined by their rarity and usefulness. For a good to have monetary value, it must have utility and value.
<h3>What is the reason for all financial questions and problems? </h3>
The reason all financial questions and problems arise is because people's needs exceed the resources available to meet them. Economics is the social science that studies how people make decisions to deal with shortages.
<h3>What are the economists' main concerns?</h3>
A central task of economics is to determine the most logical and effective use of resources to achieve private and societal goals.
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Answer:
D) The discovery of oil reserves has resulted in a rightward shift of the long-run aggregate supply curve.
Explanation:
Since the discovery of oil, Almora's gross domestic product will start to grow (both nominal and real GDP). Since the aggregate supply exceeds the real GDP, it is reasonable to expect that the GDP will continue its expansion for several years. The only factor that can diminish economic expectations is that inflation increases so much that it will end up hurting the economy.
Having huge oil reserves doesn't mean that the standard of living has improved. Just look at Qatar, United Arab Emirates, Saudi Arabia, etc. The populations of these countries is either extremely rich or very poor. Or we can look at Venezuela and realize that everyone that doesn't work for the government is poor.
This scenario usually repeats in countries that rely only on natural resources.
<span>wallerstein's world system theory would suggest that the US is part of a "core state" market. Tje core countries promarily try to promote a high-skill monetarily geared type of production. The core market that the US is primarily composed of is aimed toward internal economic activity and hardly geared towards the national economic market at all. The US being a part of a successful "core" market allows us to have a highly diversified personal economic standing, and allows us to promote development and large industrialization.</span>
Try presentation. i think that will work it seems like it fits perfectly
Taxable income is the sum of income used to compute a person's
or a business's income tax due. Taxable
income comprises salaries, pays, bonuses and tips, on top of investment revenue
and unearned revenue. In this case, the corporation have $25 million that came
from US Sources then the additional $10 million is also part of the taxable
income because it is part of the normal course of the business. Therefore,
GreenCo must report $35 million.