--%>
Assignment Help - homework help

Emphasis on equality of opportunity

An emphasis on equality of opportunity, although not essentially equality of result, is a center-piece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3) feudalism. (4) socialism. (5) syndicalism.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Public policies to protect by limiting

    The government breakup of AT and T within various regional telephone companies and deregulating long distance services are illustrations of government: (w) enforcement of company size ceiling regulations. (x) creation of monopoly powers. (y) trying to

    		•
  • Q : Positive relationship by law of supply

    The law of supply defines that there is a positive relationship among: (1) The Price and quantity supplied. (2) Technology and production. (3) Purchases and the accessibility of goods. (4) Supply and the demand it makes.

    Q : Minimizes average cost of output When a

    When a monopolist maximizes profit and charges a price equivalent to average cost, in that case the firm: (i) is producing at the minimum point on its marginal cost curve. (ii) also charges a price equal to marginal cost. (iii) is pro

    		•
  • Q : How consumption influence the

    How does rise in price of a substitute good in consumption influence the equilibrium price?

    		•
  • Q : Goods in positive price cross

    When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go

    		•
  • Q : Exit industry in long run at wholesale

    This purely competitive peach orchard would most likely exit this industry within the long run when the wholesale price per bushel of peaches fell below: (i) $9.00 per bushel of peaches. (ii) $10.00 per bushel of peaches. (iii) $11.00 per bushel of pe

    		•
  • Q : Economies of Scope exploitation I have

    I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v

    		•
  • Q : Normal accounting profits in monopoly

    This monopoly makes Q units and experiences as: (1) economic profits equal to 0cbQ. (2) economic losses equal to cpab. (3) more than normal accounting profits. (4) marginal cost in excess of average total cost. (5) total revenue less than total cost.<

    		•
  • Q : Average Variable Cost-Average Total

    Describe the relationship among Average Variable Cost (AVC) Average, Total Cost (ATC) and marginal Cost (MC)? Answer: A) If MC

    		•
  • Q : Free products Select the right answer

    Select the right answer of the question .Free products offered by firms :1) may or may not be free to society, but are never free to individuals. 2) may or may not be free to individuals, but are never free to society. 3) are poduced and distributed at no cost to soci

    		•