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What government actions are necessary to guarantee the conditions required for a free market system?
Laws against theft, fraud, and coercion are necessary to guarantee the conditions required for a free market system.
Is the statement 'Society faces a short-run tradeoff between inflation and unemployment' positive or normative?
positive
Is there a tradeoff between unemployment and inflation when the aggregate demand in an economy increases?
Yes, there is a tradeoff between unemployment and inflation when aggregate demand in an economy increases. As demand rises, businesses may need to hire more workers to meet the increased demand, leading to lower unemployment rates. However, if demand grows too quickly, it can also lead to inflation as businesses raise prices to match the higher demand. This tradeoff is known as the Phillips curve relationship.
What is the following government actions is necessary to guarantee the conditions required for a free-market system?
Laws against theft, fraud, and coercion are necessary to guarantee the conditions required for a free market system.
What does worthwhile tradeoff means?
A worthwhile tradeoff refers to a decision-making process where one must give up something valuable in order to gain something else that is deemed more beneficial or important. It implies that the benefits gained from the choice outweigh the costs or sacrifices made. This concept is often used in economics, personal decision-making, and resource management to evaluate options and prioritize outcomes effectively. Ultimately, a worthwhile tradeoff is about making informed choices that lead to overall improvement or satisfaction.
What are tradeoffs of the airplane?
pollution is a tradeoff of airplanes
What happens to choices in a tradeoff?
if goes siko
Why is the aswan high dam an example of a tradeoff?
The dam was sorely needed to provide power for the area, but to get that, a lot of people were displaced and their homes covered with water behind the dam. This was the tradeoff. Some might say that it was not really an equal, or balanced tradeoff, and others would say it was.
Why is the Aswan high dam an example of tradeoff?
The dam was sorely needed to provide power for the area, but to get that, a lot of people were displaced and their homes covered with water behind the dam. This was the tradeoff. Some might say that it was not really an equal, or balanced tradeoff, and others would say it was.
What is the synonym essential?
necessary, required, crucial
What is a biological tradeoff?
A biological tradeoff is a situation where an organism must make a compromise between different traits or functions due to limited resources or conflicting evolutionary pressures. For example, a plant may allocate resources towards growth or defense, but not both at the same time. Tradeoffs are necessary for organisms to balance competing demands and survive in their environment.
What is the essential?
necessary, required, crucial
What is the synonym for necessary?
This is your answer (synonyms of necessary below)essential, indispensableincumbentneeded, needful, required, requisiteobligatory
Are mineral salts required for photosynthesis?
They are not necessary.
How do you pronounce necessary?
The word "necessary" (required) has the pronunciation "NEH-seh-seh-ree".
How do you spell nessasory?
The word "necessary" means required or essential.
What is an active gas in the air that is necessary for combustion?
Oxygen is the required gas that is necessary for combustion
