Which of the following is designed to act like a business and make money for the government? O Government Corporation O Independent Regulatory Commission O Department O Agency

Q: List three different religions and provide examples of how they affect business practices.

A: Hinduism: The belief in this religion that customers are king and they should be treated…

Q: In socialist system, people work out of fear and not out of any self-motivation. What do you think…

A: Socialism is a populist economic and political system based on public ownership of the means of…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: Andrew is a deeply committed lover of croissants. Assume his preferences are Cobb-Douglas over…

A: Utility function :  U (C , N ) =  C0.5 N0.5Where , C =  Crosissants  , N  = Numeraire good…

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

Q: Government affects business by being all but one of the following 1. A tax collector 2. An agent 3.…

A: Government policies describe why things should be done in a given way and in a certain direction.…

Q: An industry consists of three firms with sales of $285,000, $615,000, and $310,000. a. Calculate the…

A: HHI in economics refers to the Herfindahl-Hirschman Index. It is a commonly used method of market…

Q: Discuss the factors that led to the consumer movement and list some of its results.

A: The consumer movement refers to a social movement, led by consumer organisation to ensure protection…

Q: Individual or firms who desire products and services in the market for consumption or business. a.…

A: Individual who desire for products and services in the marking solely for the consumption purpose…

Q: How about business and industry, do they have too much power or too little power?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: This is a form of governmental public policy that has been implemented to reduce the purchase of…

A: A sin tax is a type of excise tax. It is specifically levied on certain goods that are harmful to…

Q: QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write do the…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: b.How do you think the technology that you use, affects the market structure and/or the demand of…

A: Quartz watches and clocks are timepieces using an electronic oscillator being regulated by a crystal…

Q: What are the characteristics of the different market structures ?

A: When studying a market, we must first define what we mean by "market" and which qualities constitute…

Q: privatization

A: Privatization often improves the efficiency of the firms. The main reason behind this is when the…

Q: • List down all the important information about different Market Structures.

A: "Market structures" allude to the diverse market attributes that decide relations between dealers to…

Q: How does the economy defined the business financially

A: A business is part of the economy, where goods and services are exchanged or sold at a particular…

Q: Write a sentence or two defining the following terms in your own words. Give examples of each. a.…

A: A) Scarcity - it means that resources are scarce in nature that is wants are unlimited but resources…

Q: What is the biggest industry today.

A: An industry is known as the branch of economy that produces raw material, goods, or other services…

Q: A firm has market power if it can   a. minimize costs.   b. hire as many workers as it needs at…

A: Market refers to a place at which the buyers and sellers of a goods or services comes in contact…

Q: Why do producers have more interest in government regulations than consumers do?

A: Government regulations are those laws and rules which are used for placing limitations on businesses…

Q: Common resources area. efficiently provided by market forces.b. underprovided in the absence of…

A: Common resources are non-excludable but rival in consumption. Everyone accesses the common resources…

Q: U saw the news, Exxon Mobile Corporation has discovered a large new oil reserve in Montana. If…

A: Market: It refers to the place where goods and services are sold. The consumer tries to purchase all…

Q: What do you think is the most ideal and beneficial type of Market Structure? Why?

A: The market structure when there is fair competition between all the sellers or firms in the market…

Q: What is the subject of Corporate Tax? Who has to pay corporate tax? Please provide detailed…

A: Corporate tax is a form of tax that applies to all businesses. It is a tax levied on a company's…

Q: What kind of attention is required? Why should a business make sure it is taking fair steps in its…

A: What kind of attention is needed? Why should a company make sure that the right safety precautions…

Q: What is the main overriding goal of most businesses?

A: There are various objectives of the businesses, the three major objectives are: Social Objectives…