Which of the following best describes a 'mixed economy'? A) An economy where all resources are allocated by the government. B) An economy where all resources are allocated by the market. C) An economy that combines elements of both market and planned economies. D) An economy exc

N.B : IT IS NOT AN EXAM

Discuss how Joseph Schumpeter characterized capitalist economies by the process of 'creative destruction'. (a) In your own words, explain what this term means. (b) Based on this definition, give examples of destruction and creation, and identify the winners and the losers in the short and long run.

Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?   Select one: a. 2 b. 3 c. 4 d. 5 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Match each term with the correct definition. economics opportunity costmarginal analysis utilitya. The next-best thing that must be forgone in order to produce one more unit of a given product.b. The pleasure, happiness, or satisfaction obtained from consuming a good or service.c. The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.d. Making choices based on comparing marginal benefits with marginal costs.

Which of the following is a microeconomic problem? (A) the reasons why average prices are falling (B) the reasons Kathy is buying less orange juice (C) the reason why overall employment may fall (D) the impact of the government budget deficit on inflation

Scarcity means what?           time and resources spent researching a cure for breast cancer are time and resources that could have been spent researching cures for lymphoma.     25 year olds might be more willing to start a family than 35 year olds.     government funding of federal programs equals the amount paid in taxes.     all consumers are assumed to have limited financial resources.     money flows in a circle.

Please give me full explanation Note:-  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.