XYZ Corporation sells upscale adventure vacation packages that start at $7500. The stock market suddenly "melts down" and loses 35% of its value in under a month. Because people who lose a lot of money in the stock market now start feeling poorer, demand for upscale type vacation packages also starts to decline. Which environment is most likely at play in the scenario? A The technological environment. В The competitive environment. The economic environment. D The political and legal environment.

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

QUESTION 1 To ensure that trade benefits all parties involved, a, the trade must involve services as well as goods. b. the trade must be voluntary. c. there must be a difference in comparative advantage. d. specialization through training must occur. O e. money must be exchanged. QUESTION 2 When is marginal analysis needed to make a decision? a, when the choice is between doing more or less of something b. when the choice is between doing something and not doing something c. when the choice is between actions with a quantifiable monetary value d. when the choice is between actions that cannot be assigned a monetary value e. when the choice is between doing something and doing the exact opposite

In Figure 2, what is the Net Benefit to Society (Steel Producer and Laundry Firm) from increasing steel production from S0 to S*?  Describe why a move from S* to S­­u is not welfare enhancing for society (society here means the Steel Producer and Laundry Firm)

Classifying a good as rival means   A. that the good is produced in a competitive market.   B. anyone who does not pay for the good cannot consume it.   C. that there is a shortage of the good.   D. that when one person consumes a unit of the good no one else can consume it.

8. Q Explain what is meant by the term “market failure" by giving two major types of such failures. A (Market failure) is a situation where the competitive market system on its own would either (1) produce the "wrong" amount of certain goods and services as is the case where there are external costs or benefits (i.e., externalities), or (2) fail to allocate any resources to the production of certain goods and services referred to as "( public goods )". 9. ) Refer to the question 8 above and explain the reasons behind each type of failure. Where negative externalities exist, the market system without any intervention will allow some of the costs of private production or consumption to "spill over" onto third parties. There is no market incentive to absorb all of the costs of production if there is a way to get someone else to pay for them. • In such cases of negative externalities, the market cost and price of the product will be too (low high) and thus the quantity produced too ( low ,…

Answering which of the following questions is not part of "organizing economic activity," described in class? O How should we distribute output? O What should we produce? O How should we produce output? O What prices should we charge? Question 3 2. MacBook Air 吕口 F3 F5 F6 F7 F8 #3 2$ & 3 4 6. 7 8 E R Y LL