12. Elinor Ostrom's research emphasized the importance of what in governing common-pool resources? A. Government regulation B. Market mechanisms C. Social norms and community cooperation D. Technological innovation
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- QUESTION 31Patents, copyrights, and trademarks establish ownership rights over what type of property?IntellectualRealTangibleNon-performingStolen QUESTION 32Which of the following statements is true about most Western societies?In Western societies social groups, rather than individuals, are the basic building blocks of social organization.The value systems of many Western societies emphasize individual achievement.In Western societies, the social standing of individuals is merely a function of who they work for.The emphasis on individuals in Western societies has led to a low level of entrepreneurial activity.It is easier to build and manage teams within organizations in Western societies. QUESTION 33Which of the following helps a firm to preempt available demand, gain cost advantages related to volume, and build an enduring brand ahead of later competitors?Monopolistic practicesComparative advantagesAbsolute advantagesFirst-mover advantagesMercantilism QUESTION 34Which products are…Corporations exist as legal entities with certain advantages (such as limited liability)because society allows them to do so, and these corporate rights and advantages can beremoved from firms that are perceived to be irresponsible. Companies that think abouttheir social responsibility in this light are engaging in CSR for what type of reasons? O. StrategicO. RegulatoryO. EthicalO. PragmaticWhat theory best explains the activities and objectives of non-profit organizations such as Black Lives Matter and BYP100 A. Market failure B. Mediating theory C. Government-nonprofit partnerships D. Theory of the Commons
- 7. Which of the following is INCORRECT about coding in social research? A. The coding process inevitably restricts the perspective from which researchers explore themes and patterns occurring across the data set. B. Through the systematic application of pre-specified coding categories across the data set, content analysis is well-suited for addressing questions of ‘why?’ or ‘how so?’. C. In inductive coding, the same piece of data can be read and interpreted at both literal and interpretive levels. D. A researcher can pay attention to recurring topics and missing perspectives in a body of data when he/she is doing thematic coding following a grounded theory approach.ASAPIn what ways (it) company investments in research and development create positive externalities?
- What is productive efficiency? Allocative efficiency?6.On a production possibilities frontier, produ ction is efficient if the production point is Gaseballs 200 150 MENL202 ABDAL AYMENL20211 B 100 ABDAL ANA DALLAH AENL20211 AYMENL20211 50 GANA ABDALLAH AYMENL20211 GANA ABDALLAH 100 200 ALLAH Figure 2-6 300 400 Bananas ALLAH AYMENL20211 CANA AYMENL20211 ABDALLAH GANA AYMENL20211 GANA ABDALLAH AYMENL20211 ABDALLAH AYMENL20211 A inside the frontier. on or inside the frontier. C outside the frontier. D on the frontier. ANA DALLAH GANA RDALLAH GANA BDALLAH GANA RDALLAH GANA ADALLAHWireless, high-speed Internet is provided for free inthe airport of the city of Communityville.a. At first, only a few people use the service.What type of a good is this and why?b. Eventually, as more people find out aboutthe service and start using it, the speed of theconnection begins to fall. Now what type of agood is the wireless Internet service?c. What problem might result and why? What is onepossible way to correct this problem?
- The problem of adverse selection in environmental economics refers to how, with poor information, consumers may choose environmental harmful products over environmentally friendly products. the cthical explanation as to why houscholds and producers choosc actions that lead to degradation of the environment. the failure of the property rights system that results in some of costs of production of one agent being imposed upon another agent with no compensation. d. how, with poor information, the market for pollution liability insurance may fail. how, with nonexclusive property rights, some individuals may choose to consume a product without paying for it. 1. a. b. c. c. Production of stcel requires the burning of coal and is associated with the emission of SO.. SO: causes acid rain. According to the Pigouvian method, allocative efficiency in producing stcel can be achieved by setting a tax equal to the marginal social cost of producing steel. b. 2. a. the total social cost of the damages…Suppose that a mayor of a large city believes strongly that education provides great benefits to the community andurges the state government to provide the district with more money. An economist would say that this reflects theMayor's belief that:Asince teachers are overpaid, the district needs more money to hire enough teachers for its classrooms.Bthere are positive external benefits associated with education.Cthere are nontrivial external costs associated with education.Dpublic schools provide a higher quality education than private schools.1. Caribbean economies tend to rely heavily on the Tourism sector, offering Sun, Sea andSand as the “tourism product” for which tourists purchase hotel accommodationsto enjoy. Hoteliers offer these services and are therefore major “suppliers” in thismarket.In 2017 however, several natural disasters affected the Caribbean, resulting ineconomic, environmental and human losses. In order to analyze the impact ofthese Natural Disasters on the hotel industry, answer the following questions. a. With the use of an appropriate demand and supply diagram for hotel rooms(accommodation), illustrate and explain how the news of an impending Tropical Stormto the Caribbean region would affect the market price (hotel rates) and quantity tradedof hotel rooms.b. Following the destruction of hotel infrastructure from the passage of the Hurricanes, usean appropriate demand and supply diagram for hotel rooms (accommodations) toillustrate and explain the impact of the Hurricanes on the market price and…