Answer:
All of the following can change the supply curve EXCEPT: C a change in consumer tastes for the product.
Explanation:
New technologies, such as more efficient or less expensive production processes, or a modification in the number of competitors in the market have resulted in a change in supply.
The imbalance in the market is due to a change in supply leads in the supply curve and can be corrected by altering prices and demands. The main dissimilarity is that an alteration in supply is not to be confused with an alteration in the supplied quantity.
The first one results in a shift in the entire supply curve, while the second one results in movement along the existing supply curve.
Main factors that affect the supply curve are:
- Number of sellers
- Expectations of sellers
- Price of raw materials
- Technology
- Other prices
Answer:
<h3>Public action committees (PACs), Bussinesses, Interest Groups, and unions.</h3>
Explanation:
- Lobbyists are professional representatives who work on behalf of individuals and groups of individuals to influence political and legislative decisions in a government.
- They work for public action committees(PACs), Bussinesses, Interest Groups, and unions by persuading and pressurizing legislators and lawmakers to introduce and support bills in favor of such organizations.
- They play a vital role in policy and decision making progress and their participation helps in making amendments, new regulations, or even introducing new bill in the legislative.
<u><em>Mixed capitalism
</em></u>
It refers to an economic model that uses the market to allocate resources, but in which the State intervenes to regulate its operation, incorporates elements of the free market economy and the planned economy, or a proposal in which property coexists deprived of capitalism and the collective property of socialism (in general, and not exclusively, state or public) in order to include broader social considerations in an economic system, for example, ethics, social justice, social welfare, sustainable management of environment, etc.
Americans were struck with fear and put Japanese in internment (not concentration) camps. Then, America decided to go to war against the Empire of Japan, then the rest of the Axis declared war on America.
Answer: Free Enterprise System
Explanation:
The Free Enterprise system is also referred to as the Market Economic system and it refers to a situation whereby the economic decisions in a nation are taken by the individuals or the firms.
In such economic system, the role of the government is minimal and is usually not involved in the market.
