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yawa3891 [41]
3 years ago
8

Can you point out some differenced between welfare definition and scarcity and choice

Business
1 answer:
Llana [10]3 years ago
5 0

Scarcity means limitation of the availability of resources in relation to their wants. That means the available resources are not enough to completely satisfy all the wants.

By now, you must have already learnt that human beings have unlimited wants. And as the resources with which these wants must be satisfied are limited, we can understand that ‘scarcity’ is the central economic problem of everyone including individuals, firms and the government, and even the whole world.

Welfare economics focuses on the optimal allocation of resources and goods and how the allocation of these resources affects social welfare. This relates directly to the study of income distribution and how it affects the common good. Welfare economics is a subjective study that may assign units of welfare or utility to create models that measure the improvements to individuals based on their personal scales



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7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal
lapo4ka [179]

Answer:              

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

  1. The payment of a long standing national debt
  2. the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
  3. Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
  4. the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

  • The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
  • The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0
2 years ago
In the storming stage of team development, team members will have accepted team goals, be operating as a unit, and, as indicated
yKpoI14uk [10]

Answer:

B) False

Explanation:

The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.

4 0
2 years ago
Today, labor unions represent about ________ percent of the labor force. quilet
pashok25 [27]
12.4
Hope this helps! :)

6 0
2 years ago
Read 2 more answers
Francisca and Garden Estate, Inc., enter into a contract for the use of a Victorian mansion and its grounds for a wedding and re
labwork [276]

Answer:

The answer is letter A.

Explanation:

They will be construed agains the party who drafted the contract.  However, this rule only applies where one contracting party is in a superior  bargaining position, usually either as a result of greater experience or the assistance of counsel.

3 0
2 years ago
Firms U and L each have the same amount of assets, investor-supplied capital, and both have a return on investors' capital (ROIC
Tanya [424]

Answer:

The correct option is a.

Explanation:

In the question, it is given that there are two firms namely U and L who has same same amounts of assets, investor supplied material, and Return on investor capital.

The Firm U is unleveraged which has 100% equity

whereas,  Firm L is leveraged firm which has 50% debt and 50% equity

As we have to compare these two firms based on return on equity.

So, based on ROE, Firm U has 100% equity so it have more equity

And, the Firm L have 50% equity which means the firm has low equity as 50% contribution is gone to the debt.

The rest information which is given in the question is irrelevant. So, it is ignored.

Thus, the Firm L has a lower ROE than Firm U

Hence, the correct option is a.

4 0
2 years ago
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