Market fundamentalism refers to: A belief in unregulated free market policies as a solution in economic and social problems A belief that markets will not solve fundamental problems A belief that markets provide the foundation for government regulation A belief in opening new markets in developing countries to support growth A believe that the absence of markets will allow other solutions to emerge for resource allocation

Q: Economic freedom must come from a democratic government. is not important for nations to grow. is…

A: Economics is a social science that studies how individuals, businesses, governments, and societies…

Q: Traditional economy is the social and institutional process through which certain groups of economic…

A: The given statement is true.

Q: The oilsands companies will tend to   efficiently allocate resources to the production of…

A: Oil sands, also known as tar sands, are a type of sand and rock that contains crude bitumen, a…

Q: Any activity designed to transfer income or wealth to a particular individual or firm at…

A: Rent is the amount received by in exchange for a service provided. It can be relating to a use of a…

Q: Aquaculture is the growing of fish, shrimp, and other seafood in enclosed cages or ponds. The cages…

A: Answer: Introduction: Yes, agriculture provides a good incentive for low-cost production as compared…

Q: Please provide a brief comparison of the advantages and disadvantages of market capitalism relative…

A: A market is a place where the buyers and sellers interact and trade goods and services. The market…

Q: Which of the following is a source of Primary research? A Census A survey Industry publications…

A: There are two categories of research methods, i.e., primary and secondary.  In the primary research,…

Q: Subsidies and tax breaks to assist companies with using resources to run their businesses are ----…

A: Subsidies refer to the transfer of money (funds) from the government to individuals or firms to…

Q: Adam Smith's idea of the "invisible hand" says that given a country's resources and its initial…

A: Ans Above statement is TRUE Invisible hand means the market should correct itself without any…

Q: What is the Gina Coefficient

A: Gina coefficient is a statistical measure which is measured by lorenz curve and can be calculated as…

Q: The arguments againstglobalization include all of the following, except: Freer trade has resulted in…

A: Globalization is the process of integrating the domestic economy with the global economy.

Q: Laissez Faire economics was used by business leaders as a means to establish:   A partnership…

A: A market economy gives businesses more room and autonomy from government rules and regulations that…

Q: Social regulations Select one: a. Lead to increasing industrial concentration b. None of the answers…

A: Governmental regulations also include social regulations.Public interests including health, safety,…

Q: in a market economy decisions are guided by self interest. Hence, there is  a) still the ability to…

A: A market economy is a type of economic system in which forces of demand and supply control the…

Q: Any activity designed to transfer income or wealth to a particular individual or firm at…

A: Perfect competition refers to the market structure in which there are many buyers, and sellers, and…

Q: All of the following statements about agriculture in commercial economic systems are true EXCEPT…

A: The process of development in any economy is characterized by shifting of traditional agriculture…

Q: All of the following can occur with a market failure except   options:   the price in the free…

A: Market failure refers to the situation when the market is not producing the optimal level of output…

Q: Microeconomics is the study of:     The gains from trade since we can only consume what we produce…

A: Micro economics facilitates easy understanding of our economic system.

Q: Black markets often emerge when products/services are banned or subject to price controls. They are…

A: A black market refers to a market in which goods and services are sold illegally. The way through…

Q: Match the following: the property of distributing economic prosperity uniformly among the members of…

A: 1)The property of distributing economic prosperity uniformly among the members of society-equality.…

Q: Any activity designed to transfer income or wealth to a particular individual or firm at…

A: In a society, public policy is manipulated by many people to increase their profits. They do so by…

Q: Freedom of enterprise is a characteristic that is common to most economic systems. in a market…

A: Free Enterprise Free enterprise, or the free market, refers to an economy in which the market,…

Q: Review the concept of overpopulation. What agricultural regions have relatively limited capacities…

A: Overpopulation means it is the process in which a species population becomes larger than the…

Q: Which of these claims is NOT a claim the book reports most economists agree about?   Question 1…

A: The answer is - The United States should eliminate agricultural subsidies

Q: Which of the following directly impacts the range of products and prices in the free market system?…

A: The free market is a economic framework in light of supply & demand market with next to zero…

Q: The government sets a minimum price for prof. Ernst's brussel sprouts. This is called a Group of…

A: The price restrictions make guarantee that market prices are not artificially raised or lowered. To…

Q: A developing country wants to set up a subsidy system to help its farmers. Which of these subsidies…

A: The agribusiness subsidies are the vital piece of the ranchers of India and are vital for the…

Q: Which of the following describes an advantage of the government supporting research and development…

A: The reduction in taxes for firms depending on the R&D activities will motivate firms to invest…

Q: New York's proposed "Good Cause" legislation may discourage landlords from renting to persons with…

A: Answer-

Q: the presence of competition in free markets and why A)is undesirable because it results in…

A: A free market is a place with no government intervention and people make their decision based on…