Why do people enter into informal sectors?

If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of output more of the good should be produced and consumedA) no matter what.

What type of planning deals with specific markets or market segments and the development of marketing programs that will fulfill the needs of customers in those markets? a. market planningd. lower-level planningb. strategic planninge.

Ceria Republic is a country that has achieved rapid economic growth and prosperity over the last couple of decades as a result of globalization. Hence, the country is most likely to see a cultural shift away from: (A) greater collectivism.

Peter and Wendy are best friends. Following a visit to Peter's house one day and concerned that Peter will never grow up, Peter's dad offers to give Wendy $1million to marry Peter. Wendy accepts and the two create a written agreement.

A manufacturing company has been growing over the past few years due to the introduction of new products. Recently, the pace of innovation has slowed. Previously, the most successful innovations came from suggestions from shop floor employees.

When making decisions for her department, Ellie tends to take a long time because she takes into consideration a large amount of information. What type of decision-making style does Ellie demonstrate?

What famous economist developed the principle of comparative advantage as we know it today?

Bedrock Company reported a December 31 ending inventory balance of $414,000. The following additional information is also available: The ending inventory balance of $414,000 included $72,400 of consigned inventory for which Bedrock was the consignor.

After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more in order to complete the project, and now society somehow needs to make the rational choice toa.

A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c. Execution uncertainty but not price uncertainty.