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- A aldine.schoolobjects.com/aware2/onlineTestingApi/onlineTesting?testEntryld%364347529 - AldinelSD.org Bookmarks 6 Image of england D. Social Studies Economics 2nd NW DCA 2020-2021 Jorge Ortiz Ca O COLOR THEME Q Q ZOOM + ADD NOTE A QUESTION GUIDE 3 EXIT . Which of the following best explains the concept of an absolute advantage? Performing an economic production with a lower opportunity cost than another. Specializing In an economy that is more centered on providing services than goods. Carrying out an economic activity more efficiently than another individual or group. Investing in the biggest factories and machines in a free market economy. CLEAR ALL 8 O 10 NEXT > REVIEW & ( PREVIOUS O 2 INTL acerA fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don& like the taste. From an economic perspective, the company should keep the hamburger on the menu because they spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.o İmtahan vaxtı : 00:37:13 Fann: Biznesin Əsasları Adam Smith believed that countries would prosper if businesspeople were free to start and run their own businesses. Businesspeople would make a profit providing the goods, services and ideas that others in the economy wanted, and they would hire others to help increase those profits, leading to social and economic benefits for many. This idea was called the: CAVAB əf Telman demand accelerator. division of labour. iyy spending multiplier. kinked demand theory. 03 invisible hand. Əvvəlki Növbəti Bütün suallar Qeyd olunanlar Cari Vəziyyət 82 F Sunny G 4) AZE 15:12 18.06.2021 TOSHIBA O O O D
- O Efficiency Which of these economic goals is most important in a command economy? Growth Equit Freedom Efficiency Which of these economic goals is most important in a TraditionalWhat is the opportunity cost of investing in a physical capital?"Innovation by the Entrepreneur" argued Schumpeter, leads to gales of "creative destruction" as innovations cause old inventories, ideas, technologies, skills, and equipment to become obsolete. The question is not "how capitalism administers existing structures,…[but] how it creates and destroys them." This creative destruction, he believed, causes continuous progress and improves the standards of living for everyone." Joseph Alois Schumpeter, 1883-1950Links to an external site. In terms a little more modern than Shumpater's, Dr. Abhijeett Desai explains that the predominant form of innovation can look disruptive, but is, in fact, transformational innovation. Explore Dr. Desai's thinking in Transformative Innovations vs. Disruptive InnovationLinks to an external site..
- How is it that the problem of who to produce for is resolved in the capitalist system?An economy will achieve productive efficiency when it ___ and will achieve productive efficiency when it __Efficiency Which of these economic goals is most important in a Traditional economy? Growth O Stability O Freedom O Efficiency
- How does innovation disrupt the flow of an economy to any given organization? DiscussParaphrase the following. 1. We can take drastic action now to ensure that we prevent a future where super typhoons are a way of life. Because we refuse, as a nation, to accept a future where super typhoons like Haiyan become a fact of life. We refuse to accept that running away from storms, evacuating our families, suffering the devastation and misery, having to count our dead, become a way of life. We simply refuse to. 2. We must stop calling events like these as natural disasters. It is not natural when people continue to struggle to eradicate poverty and pursue development and gets battered by the onslaught of a monster storm now considered as the strongest storm ever to hit land. It is not natural when science already tells us that global warming will induce more intense storms. It is not natural when the human species has already profoundly changed the climate. 3. Disasters are never natural. They are the intersection of factors other than physical. They are the accumulation of…Folder - Google Dri Which of the following statement is true? In an individualistic society, an individual's identity is fundamentally tied to the identity of his or her group O In an individualistic society, ties between individuals are very strong In an individualistic society, an individual's identity is fundamentally his or her own In an individualistic society, collective accomplishments are more important than individual accomplishments Which of the following statement is true? * Social mobility, refers to the degree to which members from a collectivist society move to an individualist society Social mobility refers to the degree to which members from a lower social category move to a higher social category Social mobility refers to the degree to which people from emerging economies move to developed economies Social mobility refers to the degree to which people from developed economies move to emerging economies