Answer:
a) Efficiency deals with the size of the economic pie, and equality deals with how fairly the pie is sliced.
Explanation:
In his book; Principles of Microeconomics (Fourth Edition), Gregory Mankiw explains that;
Efficiency refers to how well a society can maximize the benefits it derives from its scarce resources. The "economic pie" in this instance refers to those benefits that can be gotten by the society. A highly efficient society will get more benefits (a larger sized pie), than a society that is not as efficient.
Equity on the other hand refers to how fairly those benefits are distributed among members of the society.
<span>Psychopathic and sociopathic personalities</span>
Answer:
B) the value of the corn crop
Explanation:
Opportunity cost refers to the value of the sacrifice of what has to be given up in order to select something else. It also refers to what must be sacrificed or given up in order to acquire what we desire.
Economists refer to the opportunity cost of a resource as the value of the next highest valued alternative.
The farmer planted squash which means the opportunity cost will be THE VALUE of the corn crop and not the cost of the corn seeds.
Answer: Option A
Explanation:
It is not that the doctors are not competent ,they were sent by the government, the government can't send incompetent doctors to solve an epidemic ,but it is going to be ommited variables by the doctors on the sickness, yes it takes time to figure out the root of sickness, looking at the period of early 19th century, medical method might not have reached a convincing level ,so there is possibility of omitted variables, maybe there were not able to have much time to figure out the sickness that might caused the death. So option A is the best possible answer.
Answer:
AVOIDANCE
Explanation:
Dave Miller tells new employees that so long as they do what they are told, he will pretty much leave them alone. But if they get out of line, he will not hesitate for one minute to impose the contractual disciplinary procedure. The kind of reinforcement Miller's approach represent is AVOIDANCE
