Theoretically, the market is an automatic, competitive, self-regulating mechanism which provides for the maximum consumer welfare and

Question:

Theoretically, the market is an automatic, competitive, self-regulating mechanism which provides for the maximum consumer welfare and which best regulates the use of the factors of production.” Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

International marketing

ISBN: 978-0077446956

15th Edition

Authors: Philip R. Cateora, Mary C. Gilly, John L. Graham

See More Books

Question Posted: Mar 01, 2012 06:31 AM

See More Questions

Dan has a 20-year-old vintage car behind his residence. He has rarely used it. This year he discovers that it has been completely destroyed by rust. The car originally cost $5,000 and had a fair...
Explain why government is usually more concerned about regulating an oligopoly than a monopolistically competitive market.
The Clean Air Act provides a basis for regulating air pollution from what two kinds of sources?
Smart housing Inc. is negotiating a deal to build a house. The owner wants to start in early spring when the weather begins to moderate and build through the summer into the fall. The completion time...
After reading the chapter's description of Ganado's globalization process, how would you explain the distinctions between international, multinational, and global companies?
Design a bandpass filter satisfying the specification below using the Hamming, Hann, and Blackman windows: \[\begin{aligned}M & =10 \\\Omega_{\mathrm{c}_{1}} & =1.125 \mathrm{rad} /...
How can the strength of association be measured in a multiple regression model?
Suzy contributed assets valued at $360,000 (basis of $200,000) in exchange for her 40% interest in Suz-Anna GP (a general partnership). Anna contributed land and a building valued at $640,000 (basis...
Compute the specified ratios using Mark Co's balance sheet at December 31, 2020. Assets Cash Marketable securities Accounts receivable Inventory 70,000 140,000 49,000 38,500 Property and equipment...
Suppose you are faced with the following station: The MP ALS gives an intensity output of 181799 instead of the value of 26089. Please concisely state WHAT in the above situation needs to be...
Explain the role of price as a free market regulator.
What is the role of profit in international trade? Does profit replace or complement the regulatory function of pricing? Discuss.
Blue Corporation, a manufacturing company, decided to develop a new line of merchandise. The project began in 2019. Blue had the following expenses in connection with the project: The new product...
Provide a user-level example of a. static power management b. dynamic power management
Write the branch tests for each conditional. a. if ((a > 0) && (b < 0)) f1(); b. if ((a == 5) && !c) f2(); c. if ((b jj c) && (a != d)) f3();
Write ARM code that tests a register at location ds1 and continues execution only when the register is nonzero.
The following provides financial information for Kroger (in million $): What were Krogers inventory turns in this year? Inventory Revenue Cost of goods sold Kroger $6,244 $ 95,751 $76,858
If your logic analyzer is capable of on-the-fly disassembly, use it to display bus activity in the form of instructions, rather than simply 1s and 0s.
How does an auditor decide how much evidence is sufficient?
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
In the photoelectric effect, the energy of the absorbed photon is equal to the sum of the energy for the threshold frequency of the metal and the kinetic energy of the ejected electron. When light...
Is being right or wrong about moral issues in international marketing activities an absolute or is it relative? Explain.
There are many who believe that whatever is legal is ethical. Do you agree with this belief as it might apply to the international marketer? Explain your position and give examples of behaviour in...
There are many who believe that whatever is legal is ethical. Do you agree with this belief as it might apply to the international marketer? Explain your position and give examples of behaviour in...
Develop a 3-year financial projection for your proposed cancer tele-genetics program . State any and all assumptions you make in creating your estimates. Please consider the following in creating...
Lets assume that we have project L, which has a 40% chance of turning out good. The company Raises $7,000, 50% from bondholders demanding a 6% interest rate and 50% from stockholders, which becomes...
Please assist in the filling out the above and below table. I have provided all information that has been provided to me. Company Shares Outstanding Latest Share Price MVE Total Debt W d W e a b c =...

Theoretically, the market is an automatic, competitive, self-regulating mechanism which provides for the maximum consumer welfare and

Question:

Step by Step Answer:

Productivity and market demand are the determinants of the standard of liv...View the full answer

International marketing

Students also viewed these Marketing questions