1. Can a good be both a complement and a substitute at the same time? If...
1. Can a good be both a complement and a substitute at the same time? If so, provide an example. If not, explain why.
2. Within a laissez faire system, the government should only
perform those activities that the private sector of the economy is
incapable of? What kinds of activities do you think the government
ought to legitimately perform in a laissez faire system?
Homework Answers
1.Complements and substitutes are opposite goods.As the price of a good increases, the quantity demand of its substitutes will increase, while the quantity demand of its complements will decrease.Thus,two goods cannot be both substitutes and complements.
2.Government should provide for education,healthcare and other social welfare goods because private sector is inefficient in delivering these goods efficiently.
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1. Can a good be both a complement and a substitute at the same
time? If...
Can a good be both a complement and a substitute at the same time? If so,...
Can a good be both a complement and a substitute at the same time? If so, provide an example. If not, explain why. Within a laissez faire system, the government should only perform those activities that the private sector of the economy is incapable of? What kinds of activities do you think the government ought to legitimately perform in a laissez faire system? NO TEA AND COFFEE EXAMPLES PLZ
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the list of six ethical pressure points in The picture , explain
which pressures are mainly internal (from within the individual)
and which are mainly external (from outside sources such as a
supervisor).
explain your answer in
detail
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and which are mainly external (from outside sources such as a
supervisor).
explain your answer in
detail
It is important for those working in the public sector to understand their ethical responsibilities. A good strategy is to think in terms of "ethical pressure points" to identify situations in which there is significant pressure to act unethically. Some of...
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