Answer:
Consumer preferences and resource scarcity determine which goods are produced and in what quantity; the prices in a market economy act as signals to producers and consumers who use these price signals to help make decisions. Governments play a minor role in the direction of economic activity. true
Explanation:
Here's my thought and hopefully its right, False
Many developing countries from Middle East to South America have attempted to master the process of development but have failed.
And one of the major reasons behind this is "Domestic Monopoly Power." Most of these countries are trapped in their local markets and do not open their markets internationally.
Domestic group interests have small incentives to open up their markets to international firms with advanced technologies.
However, if they even try to open their borders, they still remain trapped in low or middle levels of income.That's why poor countries remain poor over the period of time.
Appeal to illegitimate authority, hope this helps!
Answer:
Here are the missing options:
- A. parameter.
- B. population.
- C. statistic.
- D. sample.
- E. sampling distribution.
The answer is C. statistic.
Explanation:
Statistics refer to values which have been computed to obtain numerical information. It differs from <u>parameters</u> because parameters may provide qualitative information, such as the features of a sample population.
A statistic can be calculated using mathematical functions.
