The concept of the Khalifah (vicegerent) as a successor is reflected in production where   a producer has the authority to ensure all business activities must be Halal              (permissible).     a market mechanism with minimum government intervention is preferred in         Islamic economics.     specialization and division of labor take place to enhance efficiency and                productivity levels.

Q: Differentiate between Riba-al-Nasia and Riba-al-Fadl with examples of each.

A: Hey, thank you for the question. Since there are multiple questions posted, we will answer the first…

Q: In the United States, the Food and Drug Administration (FDA) enforces regulations aimed at ensuring…

A: Quantity regulations are efficient for food and drug administration

Q: Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order…

A: The system being based upon the private ownership of the production means as well as their operation…

Q: The essential feature of the market mechanism is Multiple Choice the price signal for both consumers…

A: The demand and supply of goods determine the price of a product in a market. A market is a place for…

Q: According tó Marx, différént fron pre-capitalist formations, in capitalism, in the appropriation o…

A: Capitalism is a type of market structure in which the factors of production are owned by private…

Q: Producer–producer rivalry functions   Multiple Choice   regardless of the number of sellers.…

A: Rivalry means that these goods can be consumed or occupied by an individual only,  there is…

Q: V MC MV 10 20 e function is V = 10 – 0.5q. The marginal value function is MV= 10 – q. Assume each…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: The phrase "the greatest good for the greatest number" embodies which of the following concepts…

A: The greatest good for greatest number means  those actions should be preferred that benefit the more…

Q: answer true or false and give a short explanation why. Static efficiency is the appropriate measure…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: Please explain the characteristics of all imperfect market structures and provide an example for…

A: Any economic market that does not match the strict conditions of the hypothetical perfectly—or…

Q: What is the Gina Coefficient

A: Gina coefficient is a statistical measure which is measured by lorenz curve and can be calculated as…

Q: Describe a cost-benefit analysis.  Explain the role of sunk costs in decision-making.…

A: Since you have asked a multi-part question and according to the policy, we can only solve the first…

Q: Suppose that the supply curve for generating electricity for a coal power plant is given by P = 5000…

A: The supply curve of generating electricity represents the marginal cost of private, MC =P= 5000 +…

Q: Define each of the following concepts. Accompany with a graphical illustration using a demand curve…

A: A demand curve is a graphical representation that shows the relationship between the price of a…

Q: Many strategists argue that firms should centralize R&D activity in the United States. Which of the…

A: Research and development (R&D) activity can be defined as a set of activities with the main…

Q: Which of the following describes an assumption? Select one.

A: Economic models are the theories which translate reality of the world into a simple understandable…

Q: Creating a "speaker's triangle" while giving a speech has more than one purpose. Which of the…

A: When delivering a speech, the speaker's triangle is a valuable tool that helps to enhance the…

Q: dural

A: Procedural fairness is fairness in the procedures being followed when arriving at any administrative…

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: Autarky is the state of self sufficiency.    True/False.

A: An extreme kind of economic nationalism and protectionism is what is meant by autarky. Securing the…

Q: Economies of scope refers to the idea that economic value created increases with the amount of the…

A: There are two different economic concepts, economies of scale and economies of scope.

Q: Oman’s market is diversified according to the availability of different goods and services. One of…

A: The markets are the place where the buyers, and the sellers of different types of goods and services…

Q: Most workers rate monetary benefits higher than a caring boss. True or False True False

A: Monetary benefits are rewards given by employees to their employers in the form of…

Q: Differentiate between threat of substitute products or services and threat of new entrants in the…

A: Porter’s Five Forces is a model that recognizes and dissects five cutthroat powers that shape each…

Q: The firm utilizes resources so that the marginal product per dollar spent is equal for all…

A:

Q: Market fundamentalism refers to: A belief in unregulated free market policies as a solution in…

A: A market fundamentalism is also known as free market fundamentalism. We are going to discuss few…

Q: Corruption: Group of answer choices Is more costly to society if it is centralized (comes from the…

A: Corruption refers to the misuse of entrusted power for personal gain or benefit. It can take many…

Q: Minimum support price fixed by the government is known as

A: # We know that the market is maintained by the forces of demand and supply but sometimes when these…

Q: In the United States, the Food and Drug Administration (FDA) enforces regulations aimed at ensuring…

A: Quantity regulations are very much efficient for food and drug administration.

Q: Allocative efficiency occurs where (for the last unit) maximum willingness to pay exceeds minimum…

A: The aforementioned statement is False.

Q: Private property rights do not conflict with human rights. They are human rights. Private property…

A: According to Armen Alchian, a property right is "the right to determine the use of a resource,…

Q: Market failures Multiple Choice O O O о are only a concern when they result in prices that are too…

A: Market failure is a situation when the market is fail to allocate resources efficiently.  There are…

Q: In economics, the __________ problem occurs when those who benefit from resources, goods, or…

A: Public goods are defined as those goods which are both non excludable and non rivalrous in nature.…

Q: Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the…

A: This can be described as the concepts that help an individual to know about the efficiency of…

Q: Which of the following is not an exception to the parol evidence rule? Multiple Choice One party…

A: If the writing is incomplete and has ambiguous terms, the court may allow evidence to fill in the…

Q: thnographic research C) experiment

A: Ethnography is a qualitative research study in a given environment which looks at the social…