What is the difference between marginal benefit and marginal cost? A marginal benefit is the maximum amount of money a consumer is willing to pay for an additional good or service. The marginal cost, which is directly felt by the producer, is the change in cost when an additional unit of a good or service […]
What economic system did Adam Smith support?
What economic system did Adam Smith support? Adam Smith is known primarily for a single work—An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first comprehensive system of political economy—which included Smith’s description of a system of market-determined wages and free rather than government-constrained enterprise, his system of “ … […]
What obstacles did Jackie Robinson have to overcome?
What obstacles did Jackie Robinson have to overcome? Hearing racist taunts from fans and players prior to a game, Dodgers teammate Pee Wee Reese is said to have put his arm around Robinson on the field to indicate that he was accepted by those wearing a Brooklyn uniform. Still, Robinson endured racist obscenities, hate mail […]
Which of the following method is use for solving algebraic method?
Which of the following method is use for solving algebraic method? Explanation: Cramer’s rule is the direct method for solving simultaneous algebraic equations. In other methods, certain iterations are involved and that’s why the process becomes tedious and consequently indirect. 3. How many types of methods are there to solve simultaneous algebraic equations? What are […]
What are 3 characteristics of any nation?
What are 3 characteristics of any nation? A nation is a community of people formed on the basis of a common language, history, ethnicity, a common culture and, in many cases, a shared territory. What are the 4 main characteristics of a nation state? Four essential features: Population, Territory, Sovereignty, and Government. Which of the […]
Which of the following market type has only a few competing firms?
Which of the following market type has only a few competing firms? Which of the following market types has only a few competing firms-perfect competition 8. A price taking firm – cannot influence the price of the product it sells 9. Perfectly competitive firms are price takers because – many other firms produced identical products […]
Which of the following nations are members of the Organization of Petroleum Exporting Countries OPEC )? Select all that apply Saudi Arabia Red China Venezuela United Kingdom?
Which of the following nations are members of the Organization of Petroleum Exporting Countries OPEC )? Select all that apply Saudi Arabia Red China Venezuela United Kingdom? The answers are Saudi Arabia and Venezuela. Which countries are the members of OPEC? Member Countries. Algeria. Angola. Congo. Equatorial Guinea. Gabon. Iran. Iraq. Kuwait. Libya. Nigeria. Saudi […]
What is a body of enforceable rules governing relationships among individuals and between individuals and their society?
What is a body of enforceable rules governing relationships among individuals and between individuals and their society? Law:� a body of enforceable rules governing relationships among individuals and between individuals and their society. Jurisprudence is the science or philosophy of law- the study of law and the ethical values used in defining what the law […]
What process occurs in the inner membrane of mitochondria?
What process occurs in the inner membrane of mitochondria? The inner mitochondrial membrane transduces energy through oxidative phosphorylation, the main process responsible for the production of energy in the form of ATP in eukaryotic cells (Saraste, 1999). The initial event of energy conservation is charge separation at the inner mitochondrial membrane. What stage of the […]
What makes terrorism distinct from an act of war?
What makes terrorism distinct from an act of war? 2 Terrorism and Unjust War The difference is that while terrorists intend to kill people who are innocent as a means of affecting others, legitimate acts of war kill innocent people only as a side effect – as “collateral damage,” in military jargon. What is NATO’s […]