Identify the Cause and the Effect Contained in Each of the Following

question 10

Multiple Choice

Identify the cause and the effect contained in each of the following statements. Being an only child tends to encourage the development of positive character traits like leadership and maturity.

• A) Cause: being an only child Effect: development of positive character traits like leadership and maturity
• B) Cause: development of positive character traits like leadership and maturity Effect: being an only child

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Definitions:

Normative Economics

The part of economics involving value judgments about what the economy should be like; focused on which economic goals and policies should be implemented; policy economics.

Cheating On Agreements

The act of knowingly violating the terms of an agreement or contract, often to gain an unfair advantage or benefit.

Cartels

Formal agreements among competing firms to control prices or exclude entry of a new competitor in a market.

Entry Barriers

Obstacles that prevent or hinder new competitors from easily entering an industry or area of business.