SOCIAL STUDIES HIGH SCHOOL

Economists Adam Smith and Thomas Malthus wrote that all players in the market are motivated by __________, yet regulated by _________.a. need/want
b. income/jobs
c. supply/demand
d. self-interest/competition

Answers

Answer 1
Answer: The correct answer for this question is this one: "d. self-interest / competition." Economists Adam Smith and Thomas Malthus wrote that all players in the market are motivated by self-interest, yet regulated by competition.

Related Questions

An important role of government in the economy is _______. A) setting the prices most businesses chargeB) maintaining a competitive business environmentC) making certain that no monopolies are allowed to formD) deciding what businesses are helpful to the nation’s citizens
If consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited?
_________occurs when people communicate about their communication. Its serves as an important function within families because it allows members to state their needs, clarify confusion, and establish constructive relational patterns.
Define professional education?​
What rule of the trustees was broken almost immediately

Which of the following is not a factor in determining a culture's economic activity? climate 
language 
physical landforms 
natural resources 

Which statement is false regarding the world's population?

It consist of a group of people residing in a particular geographic area. 
Earth’s total population is 6.5 million. 
Earth’s total population is 6.5 billion. 
A majority of Earth’s population resides in Europe and Asia.

Answers

The only factor that does not apply to the economic activity is the language of the country. All the other reasons have some serious effects on the whole of the economy on a multilevel scale.

The Earth has far more than 6.5 billion people, so the only false statement is 6.5 million.

Factory employees consisted of which five groups of people?

Answers

The five groups of people that were part of the factory employees were owners, managers, children's, artisans and immigrants. These are the five basic employees that were found in factories. In some cases there can be other kind of employees for specialized jobs in certain factories, but they were not common to all factories.

A firm’s production function isf(x1, x2) =x1 + 2x2. This means thatx2 is twice as expensive asx1.true or false?

Answers

The given statement "The firm’s production function is given as (x1, x2) = x1 + 2x2" is true.This implies that the cost of producing x2 is twice the cost of producing x1.

The given production function of the firm:f(x1, x2) = x1 + 2x2shows the output that the firm can produce by using the two input factors x1 and x2.

To determine if x2 is twice as expensive as x1, we need to compare the costs of producing these two inputs. Since the production function does not give the actual cost of production, we need to use the concept of marginal cost. The marginal cost of an input is the additional cost incurred by the firm when it increases the input by one unit.

Mathematically, marginal cost = ∂C/∂XiHere, Xi represents the input factor and C represents the total cost of production. Now, let us find the marginal cost of x1 and x2.Marginal cost of x1 = ∂C/∂x1= ∂(x1 + 2x2)/∂x1= 1Marginal cost of x2 = ∂C/∂x2= ∂(x1 + 2x2)/∂x2= 2Therefore, the cost of producing x2 is twice the cost of producing x1. Hence, the given statement is true.

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The study of the weather is known asa. hydrology.
b. meteorology.
c. microbiology.
d. geology.

Answers

the answer is meteorology

The study of weather is known as METEOROLOGY.

The move over law applies not only to police and fire vehicles but also to ___________ .

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The move over law applies not only to police and fire vehicles but also totow trucks.
It also applies to tow trucks

The automobile, and the skills needed to drive it, would be an example of ________.A) nonmaterial culture
B) technology
C) cultural leveling
D) cultural adaptation

Answers

B. Technology
Attaining a skill in driving an automobile is not by any means culture-related. It is an influence of a global mainstream of the science community which invoked technology into being. Technology encompasses such being able to use your gadgets such as cellphones, tablets and other devices. It also needs to be learned and not by any means under culture. A pilot learning skillfully to manipulate a plane, a captain to his ship and etc. all of which are examples of technological advancement and is global.  



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