oducers should produce goods and services that preserve the five fundamentals of daruriyyat.     producers have been given the ability to manipulate the natural resources by Allah (SWT).     producers should avoid damaging the earth with pollution and imbalanced ecosystem management.     producers are free to manipulate the natural resources made available to them by Allah (SWT).

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

A: The given statement is true.

Q: Which of the following best describes a 'mixed economy'? A) An economy where all resources are…

A: An economy refers to the large set of interrelated production, consumption, and exchange activities…

Q: Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume…

A: Answer: Given, Number of hours each person has = 10 hours in a day Name of person Number of hours…

Q: The government must decide which goods to produce: military goods or consumer goods. This choice is…

A: The objective of the question is to identify the common term used in economics to describe the…

Q: Although most economic decisions in today's societies are made through the market, it is not always…

A: A mixed economy is a type of economy where the government and the private sector make the economic…

Q: which increases agricultural production greatly, damages water quality. Discuss three (3) possible…

A: Production possibility curve (PPC) shows combination of two goods that are in fact choices that are…

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: Explain how the over-allocation or over production of goods and services can lead to market failure…

A: (Overconsumption): Judicious consumer utilities sweet beverages up to where the private marginal…

Q: Collective goods are public goods that are available to all regardless of individual contribution…

A: Answer: A collective good (or public good) is both non-excludable and non-rivalrous. It means no one…

Q: During the construction of a high way ,the government announces the amount of jobs created .This can…

A: Expenditures on construction of highway by the government is part of government expenditure which is…

Q: Explain the operation of the “invisible hand” and why market economies usually do a better job than…

A: The concept of invisible hand was put forward by adam Smith.

Q: Which of the following is a positive statement? large inequality in society should be avoided…

A: There are two types of statements: Normative statement and positive statement.

Q: Sophia, Victoria, and Eve all would like a place to sit while waiting at their children's bus stop.…

A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…

Q: why market economies usually do a better job than command economies at efficiently transforming…

A: Answer: Introduction: Market economy: it refers to the economy where there is no government…

Q: is an unintended consequence an unintended of the specific choices that individuals make Market…

A: market cleaning is an unintended consequences of yhe specific choice that the individual make. -…

Q: Excessive usage of polyethene bags is damaging the environment of Bangladesh. Discuss the different…

A: GIVEN   Excessive usage of polyethene baggage an damaging the surroundings of Bangladesh

Q: The central economy in market research is solved by. (a) Demand for goods (b) Supply of goods…

A: Understanding how economies function requires a grip of the mechanisms that dispense assets and…

Q: A good can be an intermediary good in one case and a final good in another case

A: Depending upon the use of the goods and services, the goods are categorised as intermediate goods…

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: 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: Fill in the blanks: ndicate whether the following statement is a positive or normative statement:…

A: Positive statements are those statements based on facts, actual data. The validity of these…

Q: An economy in which production is done by primarily by the private sector while government regulates…

A: Mixed economy: A mixed economy is an economy system that combines elements of both a market economy…

Q: Economic growth and the prosperity of nations depends upon their access to energy. Without an…

A: Coal, petroleum, and Natural gas are known as fossil fuels. They are called fossil fuels because…

Q: Scarce economic resources and unlimited wants causes

A: In the economy there are scarce economic resources and that means there are limited resources and…

Q: The greatest incentive for conserving scarce resources and using them in the most productive ways…

A: Natural Resources are materials from the Earth that are consumed to help life and address…

Q: After Nike built a plant in a rural area, it discovered that families were taking their children out…

A: The firm starts its branch in a remote area and that starting of the new branch leads to the locals…

Q: Free Markets are a way of connecting people who may mutually benefit by exchanging goods and…

A: One local/global problem that can arise from an monetary policy entirely primarily based at the…

Q: Good which are supposed to be used together to satisfy a want or need are called___________

A: # Few goods can be used in place of each other and few foods are supposed to be used together to…

Q: Domination of nature approach a)is started to be replaced by the eco-centric approach b)is…

A: Many economies/industries around the world have attempted to use the prowess of nature so as to…

Q: The central question in economics is how to a) make the best use of scarce resources. b) use…

A: Financial Matters, at its center, is a review that looks to comprehend how social orders designate…

Q: A change in the level of an economic activity is desirable and should be undertaken as long as the…

A: Economic activity is an activity in which people supply, manufacture, buy or sell goods or services…

Q: Resource management for recreational purposes is a useful tool to understand the relationship…

A: The term resource management refers to managing and allocating the resources in such a way that…

Q: Economics: considers the trade-offs under scarcity assumes people act "rationally" in exchanges…

A: When studying about the economy as a social aspects, economics is the branch of social studies that…

Q: A merit good is a good or service that   Select one:   a.   the political process has deemed…

A: Merit goods are those goods which is under consumed in the market and government feels that people…

Q: Which of the following is categorized as land in general economic models? Salmon All of the choices…

A: In the economics model, the land is defined as land and the products of land-raw materials.…

Q: Why does the use of market prices not necessarily enable the economy to operate at its production…

A: The market price reflects the demand and supply forces in the market. The production possibility…

Q: In free markets, when prices don't send the right message, resources are allocated in Pareto-…

A: (a) Market failure When there is an excess or undersupply, or when all costs are not factored into…

Q: Constrast the essential features of a market economy with those of a planned or command economy ?

A: Answer- Difference between market economy & planned or command economy  Market economy :- Market…

Q: 22) In a free-market system, A) all economic decisions are made without government intervention. B)…

A: Free market refers to the situation where the economic decisions are made by the market without…

Q: Which of the following best describes the value that the environment provides by acting as a source…

A: In an economy, economic activities are made using various resources among which enviornment also…

Q: A sum total of all those devices and institution through which the economic choices are made and…

A: According to the given question In simple words we can say that economic choices are those choices…