List two advantages of markets identified by the authors of, Ask an Expert

Economics

List two advantages of markets identified by the authors of the text.

Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another benefit identified in the text is that markets encourage innovation and creativity.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9574746

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question southwest airlines hedged half of its fuel

Question: Southwest Airlines hedged half of its fuel supplies last year. Why not choose to fully insure by hedging 100 percent of them? Jet Blue hedged almost none of them. Was Jet Blue's management necessarily incompete ...

Question economic cycle curvesconstruct the ad sras and

Question: Economic Cycle Curves Construct the AD, SRAS, and LRAS curves for an economy experiencing (a) full employment, (b) an economic boom, and (c) a recession. What will happen in each case if it's only temporary? Wh ...

Question 1 in january 2009 congress passed a major stimulus

Question: 1. In January 2009, Congress passed a major stimulus bill. The bill increased federal spending over several years; in 2010, stimulus spending was $385 trillion, or about 2 percent of GDP. According to the Offic ...

Question maybe people have too many choices according to

Question: Maybe people have too many choices. According to one political science professor, "choices proliferate beyond our pleasure in choosing and our capacity to handle the choices." 75 One West Los Angeles supermarke ...

Question photographs such as image b were extremely common

Question: Photographs such as image B were extremely common in the media in 1989, showing East Berliners shopping in Western stores. What do such images suggest about how the East's previous isolation was interpreted in ...

Question the patient protection and affordable care act

Question: The Patient Protection and Affordable Care Act established a pilot program to expand the use payment bundling for better coordinated care for Medicare beneficiaries. What impact does payment bundling have on he ...

Question please use the american psychological association

Question: Please use the American Psychological Association style writing format for referencing your sources. Reference Librarians at each campus of the college can also help you with this. Recommended website: Purdue U ...

Question assume the government was paying 500000 people an

Question: Assume the government was paying 500,000 people an average of $10,000 per year for unemployment benefits. (A) Under the new regime to end welfare, all these people are hired by the government to perform various ...

Question a define crisis management what should a company

Question: a. Define crisis management. What should a company facing a crisis do to satisfy its stakeholders and protect its reputation? b. Describe the process of developing stakeholder relationships. What parts of the p ...

Question perhaps surprisingly field experiments have shown

Question: Perhaps surprisingly, field experiments have shown that strangers who encounter one another on the street (e.g., to ask directions) are friendlier around 4 a.m. than in similar encounters that take place during ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert