Answer questions thoroughly from website Research Paper

Answer questions thoroughly from website - Research Paper Example In a society where ample food is being produced, most of it gets imported and the remaining is sold with high profits to the locals and the people who cannot afford it are deprived of the food. g) Efficiency in the allocation of resources is affected by price control. Prices force people to share, knowingly as well as unknowingly. If there is a shortage of a resource and its demand is increasing, by increasing the price the resource can be allocated to more people and the allocated resources can be shared by many. 6. After rent control laws are passed, resources like bricks and pipes etc used in construction of houses are allocated as such that the better quality material goes to the luxury housing building scheme as they can afford to pay more profit on the goods. 8. When a government program produces counterproductive results it is usually a result of the irrationality of the organization as they should have foreseen all the possible outcomes of the program and prepared accordingly 10. Costs are generally taken to be the money we pay for things, when in fact; it actually is an inevitable opportunity to utilize our resources in terms of trade and exchange. So in a primitive society where goods and services are not charged, cost still exists. 11. Adam Smith’s contrasting opinions on capitalists and capitalism are deeply related to social causation and intentional causation as systemic causation is quite common and takes place through a process whereas intentional causation is spontaneous. 12. When the Soviet Union was in command, its industries used more fuel and resources than America yet their output was less. Russia produces a large amount of oil yet the oil is not used in the production of goods. 13. The price of baseball bats can be affected by the demand of paper following a general principal that if a producer is willing to pay a