How Are the Ten Nonpermanent Members of the United Nations

question 76

Multiple Choice

How are the ten nonpermanent members of the United Nations chosen?

• A)They are elected to two-year terms by the General Assembly.
• B)They are elected to four-year terms by the General Assembly.
• C)They are elected to five-year terms by the Security Council.
• D)There is a lottery every five years from among all U.N.UN member states.

Comprehend the concept of X-inefficiency and its occurrence in different market structures.

Understand the conditions under which economic profits can persist in monopolies and competitive markets.

Recognize sources of monopoly power and natural monopolies.

Analyze the impact of monopolies on resource allocation and social welfare.

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Definitions:

Offer

A proposal by a party to enter into a contract with another party, specifying the terms by which they are willing to engage in a transaction.

Business Entity Concept

An accounting principle that treats a company as an entity separate from its owners or shareholders for recording and reporting purposes.

Economic Unit

An individual, company, or country engaging in economic activities, considered as a single entity in analyses.

Federal Statutes

Laws enacted by the national government of a country.