Japan will choose which institutions to adopt based on equality. Japan will adopt the customs and policies of "enlightened nations." %1 O Japan will quickly adopt the best institutions from "enlightened nations." Japan will choose the institutions that work best for it and adapt them.

Q: As we look at contemporary real-world economic systems, it is evident that market socialism is an…

A: Answer-

Q: Kim is a Management student from a leading Chinese university. In the summer, she is travelling to…

A: Every country has a different culture and unique customs. Understanding the social etiquette of a…

Q: Should government provide free English classes to new immigrants? Explain your answer.

A: Positive externality or spillover benefit is an advantage that is derived by a third party when…

Q: true or false Economic models must mirror reality or they are of no value.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the below statements DOES NOT capture Economics? Group of answer choices   Economics…

A: Scarcity: - it is a very basic problem of economics that is related to the limited availability of…

Q: The world population will double in the next 10 years, but you personally are unlikely to eat only…

A: Hunger is a circumstance in which an individual is unable to eat enough food to meet basic…

Q: Countries with the most economic freedom have the high True False

A: Economic freedom can be described as the degree to which individuals and businesses in a country are…

Q: The people of China now enjoy a socialist market economy rather than pure communism. What must the…

A: Economic Freedom Every person has the fundamental right to govern their own employment and property,…

Q: In many developing countries, livestock death and disease is considered to be one of the main…

A: Economics can be defined as the allocation of scarce resources in order to satisfy the consumer…

Q: A tariff on an imported good lowers the price in the domestic market and raises the price the…

A: here we find the given as follow;

Q: Why is the scientific method used? so people not trained in science cannot understand it to answer…

A: Scientific research is the researching of new knowledge by formulating the hypothesis and testing…

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: Immigration into the United States has kept the US population younger, on average than the…

A: Immigration: The process through which people become permanent residents or citizens of another…

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: The example of "analog reasoning" described in Frijters/Foster likened migration to... a)A picnic in…

A: Let's say individuals want to model the economic phenomenon of labour migration as an example of…

Q: In the specific factor model introducing trade A induces a Pareto improvement through…

A: Specific factor model: The specific factor model measures the real-world phenomenon that some of the…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

Q: _________ is the process by which an increasingly large proportion of the world’s population lives…

A: Rural area is known as that geographical region that is located outside the cities and town. This…

Q: economic decisions in traditional economic

A: In earlier times , economy use traditional economic system as basis of their livelihood. In that…

Q: Income inequality is necessary for Pareto optimality so that people will work as hard as they can.”…

A: Pareto optimality refers the situation where no individual can be better-off without making at least…

Q: “People in business get ahead by exploiting the needs of theirconsumers. The gains of business are…

A: A consumer is a person or a group who intends to order, orders, or utilises purchased items,…

Q: How do market prices coordinate the economic activity of millions of individuals?

A: The market price is the price at which goods and services are available in the market.

Q: Other goods and services (millions of units per year) 5 4

A: The production possibility frontier shows all the possible combinations of the two goods that a…

Q: State the following country: name of country and current scenario regarding hunger.

A: Hunger is the state when people lacks access to sufficient amount of nutritious food for a standard…

Q: Example 9.5 describes the effects of the sugar quota. The supply equation is Qs = -7.48 +0.84P, and…

A: A  demand curve shows the relationship between the price of a good and the services and the demand…