--%>

International federal or agreements and local laws in market

Consider goods for that various people are willing and capable to pay much more than the costs of production therefore widespread shortages exist. International federal or agreements, state and local laws as well as regulations are probably key factors while we consider the markets for: (1) nuclear weapons and adoptable children. (2) tobacco products and alcohol. (3) the minimal levels of food, shelter and clothing which people require to survive. (4) new drugs which decrease the effects of AIDS and HIV. (5) health insurance and health care.

How can I solve my economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Prohibition in Economic Profit Economic

    Economic profits are not: (1) a surplus of revenues over opportunity costs. (2) quite similar to pure economic rents from society’s viewpoint. (3) zero in a purely competitive economy along with no uncertainty and zero transaction costs. (4) dif

  • Q : Example of Industrial Unions Can

    Can someone please help me in finding out the accurate answer from the following question. The United Auto Workers (or UAW) is an illustration of the: (1) Industrial union. (2) Company union. (3) Mechanical union. (4) Craft union.

  • Q : Workers preference of leisure The

    The backward bending supply curve for the labor takes place when: (1) Firms want to hire only some quantity of labor. (2) There is a change in elasticity of the resource supply. (3) Workers prefer leisure over added income over some wage. (4) Minimum wage legislation

  • Q : Average of incurring total fixed costs

    This brickyard is incurring total fixed costs which average about: (1) $200 daily. (2) $300 daily. (3) $400 daily. (4) $500 daily (5) $600 daily.

    Q : Standard of Income Distribution

    According to the requirements standard of income distribution: (w) marginal productivity is easily measured. (x) people’s needs are proportional to their marginal products. (y) income must be distributed in proportion to people’s needs. (z

  • Q : Sticky prices in oligopoly markets

    Sticky prices within oligopoly markets are: (w) predicted by the kinked demand curve model. (x) substantiated by many statistical studies. (y) most common for highly differentiated products. (z) a result of price discrimination.

    Q : Average variable cost curve of firm Can

    Can someone specify correct answer of the given query of demonstrated figure in below that curve J is that cranberry of: (w) industry’s supply curve. (x) firm’s demand curve. (y) firm’s average variable cost curve. (z) firm’s short-run supply c

  • Q : Determinants of demand affect the price

    For a particular product how do the determinants of demand affect the price?

  • Q : Average productivity of labor When the

    When the capital-to-labor (K/L) ratio rises, the: (1) productivity of capital tends to increase. (2) profitability of capital investments will raise. (3) average wages paid to labor will probably decrease. (4) average productivity of labor generally i

  • Q : Monopsonistic exploitation- contracts

    The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (v) Price discrimination. (w) Monopolistic exploitation. (x) Feather-bedding. (y) Blacklisting. (z) Monopsonistic exploita