The government sets a minimum price for prof. Ernst's brussel sprouts. This is called a Group of answer choices get rich quick scheme quota price support market growth policy

Q: Explain why correcting a missing market can make everyone better off.

A: The missing market is a type of failure of the market system. The missing market is a type of…

Q: Justify the claim that the economic basis of the Sumerian civilization laid in highly productive…

A: Sumeria civilization developed when Mesopotamia received almost no rainfall,but then Mesopotamian…

Q: Define micro economics

A: Micro Economics is the study of a part of economy individually. It analyzes the market behavior 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: What is the Gina Coefficient

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

Q: What are the variables for sustainability for hunger?

A: sustainability development refers to the idea that human beings society must live and meet their…

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: In a market economy, what mechanism determines the price and quantity of goods sold? A) Government…

A: The issue is to distinguish the system in a market economy that normally lays out the costs and…

Q: Ghana's president is also very interested in banning the imports of food in order to increase…

A: Ghana's president is also very interested in banning the imports of food So the cost of nutritious…

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: What are some examples of a command economy? Market Economy?

A: In a command economy, macroeconomic and political contemplations decide resource allocation. Command…

Q: Is there any graph that can show about the Malthusian Theory of the decreasing in supply food that…

A: The Malthusian argues that population increases at a geometric rate and food supply increase at an…

Q: Black markets often emerge when products/services are banned or subject to price controls. They are…

A: A black market refers to a market in which goods and services are sold illegally. The way through…

Q: Which of the following statements are false?   Group of answer choices   People respond to…

A: Perfect Competition refers to the type of market competition where there is free entry and exit of…

Q: What are the three (3) most important things that you believe should be done to reduce hunger in our…

A: Hundreds of theories exist regarding how to end world hunger, many of which are hotly discussed by…

Q: If executives of various firms met in a smoke-filled hotel room to fix prices and to allocate which…

A: Meeting in a hotel room to fix prices is the practise of collusion of setting prices that are above…

Q: What are the advantages of a market economy as compared to a command economy

A: Market economy is a type of economy in which the private businesses control economic matters.…

Q: The demand for skilled workers in the United States has been increasing. To increase the supply for…

A: Wages are reduced because of excess supply of workers About 4.7 million low-skilled immigrants…

Q: In a market economy the price of something or someone's labor (including wages and salaries paid to…

A: The economics as a study is associated with the process of decision making, where decisions have to…

Q: The market for N-95 masks is perfectly competitive. Market Demand is given by Q=310-2P and Market…

A: (Market Demand:Q=310-2PMarket Supply:Q=2PPrice ceiling=$44Now,Equilibrium price is achieved…

Q: Smith points out the possibility of producers contriving to raise prices. Are there other problems…

A: Adam Smith, the father of economics wrote a book in 1776 titled 'The Wealth of Nations'. He argued…

Q: Characterize and give examples of markets.

A: There are two forms of market, Perfect form of market and Imperfect form of market. The Perfect form…

Q: Do marketers create needs?

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: Why the governments should prioritized the end of poverty and hunger?

A: answer is given below

Q: Which of the following is a microeconomic issue The price of gasoline increases in the United States…

A: Microeconomics is the branch of economics that deals with issues concerning an individual…

Q: Which of the following is most likely to be a free good?         schools…

A: The objective of the question is to identify which among the given options is most likely to be a…

Q: Does microeconomics have a greater impact than macroeconomics on the farm manager. Explain?

A: Economics is a social science that primarily focuses on the production, consumption, and…

Q: Write an essay on Market Forces in the Development of Cities.

A: Urbanization can be defined as the actual development of metropolitan regions because of rustic…

Q: What can we do to stop hunger in the world?

A: Hunger refers to undernourishment of people. The problem of global hunger forces an individual to…

Q: Which of the following choices is an example of how technology has impacted the supply of goods?…

A: The question is asking for an example of how technology has influenced the supply of goods. This…