c. societal culture and norms
Explanation:
- The answer to the question can be understood from the following lines in the paragraph.
- "Europeans believe it is unethical to invade someone’s privacy. Americans are not nearly as protective of their right to privacy."
- The ethical factor illustrated by the example in the given paragraph is - Option c. societal culture and norms
Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)
Explanation:
A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.
Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.
In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.
Therefore, option A is the right answer.
Answer:
Lifestyle
Explanation:
Lifestyle is a way of life established by a society, culture, group or individual. This includes patterns of behavior, interaction, consumption, work, activity and interests that describe how a person spends their time.
A pension fun act as an investor by (B) The company invests the money collected from employers and/or employees.
