The incentive to innovate would be reduced because which of the following makes research and development activity less profitable? Group of answer choices Certification Classification Duplication Proliferation

Q: The US market economic system is the same as a command/planned economy. (T or F).

A: In a market, command economic system refers to the situation when the activities performed by buyers…

Q: Condition that arises because society does not have enough resources to produce all the things…

A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…

Q: A marginal change is one that       a. is not important for public policy.       b. incrementally…

A: The wants and desires of individuals in an economy or society are unlimited but the resources…

Q: Wheelan lists the conditions necessary for economic development. Which of the below is NOT a…

A: Economic development takes place when the country and it's citizens prosper.

Q: Which are benefits of a mixed market economy? Select all that apply. A mixed market economy provides…

A: The system of the market for commerce, allocation of resources, and trade where free markets tend to…

Q: What contemporary leadership perspective represents the direct opposition to transformational…

A: Leadership can be defined as the ability to persuade a group of people to follow a vision or set of…

Q: Paid vacations and health care insurance are among the benefits provided by the government to…

A: In a market z entrepreneurs are the people who sets their own business and make profit from their…

Q: Which of the these characteristics should economies follow and why? Include three of the…

A: The characteristics Answer: Economic freedom, it is one of the essential requirement to conduct…

Q: Which of the below statements is INCORRECT for "human capital"?

A: People who are divided into the workforce are called human resources/capital. By contributing to…

Q: Which one of the following models emphasizes on liberty and free choice? The American model…

A: There are different models to be used to explain the specfiic situation of the economy in terms of…

Q: Islam gives complete freedom to economic enterprise with ________ a. None of the options b.…

A: Answer Option 'C' is correct.   Islam gives complete freedom to economic enterprise with some…

Q: Resource development is Multiple Choice the part of economics that looks at the operation of a…

A: Resource development refers to the development of resources in an economy. Resources should be used…

Q: Individuals who come up with a new idea for a good or service, then they make it a reality are…

A: Entrepreneurial economics is a branch of economics that deals with the entrepreneurs and their…

Q: true or false free market economies are generally considered to be efficient and fair

A: # Free market economies are totally driven by the market forces of demand and supply.

Q: Which of these is the rate at which sales opportunities are closed, as expressed by a percentage?…

A: There are many types of financial ratios which help us understand different things.

Q: Rationing of most scarce goods and services in a capitalist economy is done by:   Group of answer…

A: Rationing is described as the artificial restriction of demand or the control over the allocation of…

Q: A Command Economy is characterized by which of the following? Lower individual taxes than in a…

A: The government which runs a command economy in turn operates businesses or entities of monopoly…

Q: Which of the following is true?   a. Human choice is generally not influenced by changes in…

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: Explain the theory that education acts as a signaling device. How does this contrast  with the…

A: In an economic transaction, the action of sending the information taken by individuals with more…

Q: What might have happened if the federal government had refused to provide relief for the millions of…

A: The Federal government takes several measures to ensure that economic activities happen smoothly,…

Q: Which of the following would be strategies to increse productivity     Invest in accumulating more…

A: Productivity refers to output produced per unit of worker.

Q: Analyze three ways that societies can organize themselves economically. Justify reasons most modern…

A: The three ways in which societies organize themselves economically are discussed below:

Q: ________ endowments are the result of investments of people, companies and government, and are more…

A: Comparative advantage depends on the resources which are inherent in the country naturally. It is…

Q: In the context of Small and Medium scale Enterprises, critically examine the influence of…

A: Small and Medium scale Enterprises plays an important role in solving the problem of unemployment…

Q: Which of the following is not a typical characteristic of a market system? Multiple Choice a. profit…

A: A market economy refers to the type of economic system where demand and supply control the economy,…

Q: explain why education is under consumed in the market place and what this means for society

A: Education is a merit good. Other examples of merit good include healthcare, museums, etc.

Q: Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b.…

A: The capitalist system is the economic system where trade, industry, investment, and production of a…

Q: city is trying to estimate the most money it should offer to contractors as an incentive for them to…

A: Given information: Number of workers = 40000 Wage of the workers = $10 per hour Labor hours taken =…

Q: It is clear that productive inefficiency is a waste since resources are being used in a way that…

A: Productive inefficiency means that the same output can be produced at a lower cost of production. It…

Q: Heilbroner credits the establishment of the American textile manufacturing industry to daring work…

A: The textile industry s is principally worried about the plan, creation and conveyance of yarn,…

Q: Clarify the difference between Basic and Applied research? You may justify your answer by providing…

A: Features of basic approach: -Entirely theoretical -aim is to expand knowledge-base -driven by…

Q: discuss/explain Transformational leadership.

A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…

Q: Some microfinance institutions (MFIs) have moved from NGO to for-profit status. Discuss whether this…

A: ANSWER     MFIs were created to help farmers, agricultural workers, and those individuals who were…

Q: Which of the following fundamental ethical principles says that the child has to be given liberty to…

A: Fundamental Ethical Principles are the moral rules and judgements which are independent of one's…

Q: Examine government economic policies and assess their positive and negative impact on the…

A: Government controls the financial and economic functioning of a particular economy by initiating…

Q: Which of the following statements is not an empirical evidence regarding education? a.Higher levels…

A: Education has a positive spillover effect on the society.

Q: Of the economic goals listed, which do you value most?  Rate from a scale of 1-6; 1 being most and 6…

A: Ranking 1. Economic freedom 2.Economic efficiency 3. Economic stability 4. Economic growth 5.…

Q: What are “collective action problems”? What issues may unfold based on such problems? Give examples.

A: Collective action problem is the situation in which multiple individuals would better-off from…

Q: Match each example to the appropriate term. Trees used to make paper [Choose ] [Choose] Physical…

A: Physical Capital:  Physical capital includes all man-made tangible goods whether it is final goods…

Q: Among the following options, which of these includes economic arguments about child labor? a.…

A: "Child labor" is defined as employment that deprives children of their youth, potential, and…

Q: Agriculture is the backbone of Africa. But Africa has high poverty rate and the a large amount of…

A: Answer.   Introduction: The country Africa, being an agrarian economy (Agrarian economy means an…

Q: Do you believe that education serves primarily to increase human capital, or to serve as a signaling…

A: Most people are aware that the "college wage premium," or the additional income one might expect…

Q: 35. Democratic leadership style is also known as____________. a. Participative leadership b. Passive…

A: Leadership is the process of guiding and coaching the team members to achieve a particular objective…

Q: Since oral societies can be characterized as homeostatic, cite three contemporary words and their…

A: There are many words that originate daily in the society and are not recorded in dictionaries.

Q: Socialization is defined as ________. A. the process of adjusting and adapting to a…

A: The process of internalizing societal norms and ideals is known as socialization.Learning and…