According to thinking like an economist, when does the invisible hand mechanism break down?.

Answers

Answer 1

According to thinking like an economist, the invisible hand mechanism breaks down when the market fails to allocate resources efficiently.

Invisible hand refers to the concept that individuals' pursuit of their own self-interests in a free market economy leads to the best outcome for society as a whole. Adam Smith, the founder of classical economics, used the term “invisible hand” to refer to the natural forces that guide a market economy. The market forces of supply and demand ensure that goods and services are produced and distributed to those who want them at the lowest possible cost.The invisible hand mechanism does not work properly in certain conditions. In the market, the following are examples of situations in which the invisible hand mechanism fails:

When monopolies or oligopolies exist

When externalities are present

When public goods are not provided by the government

These are examples of market failures, and they all result in the invisible hand mechanism breaking down. In these situations, the main answer is that the market does not allocate resources efficiently. The government's involvement in the market is needed to correct these market failures.

The invisible hand mechanism breaks down when the market fails to allocate resources efficiently.

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Related Questions

A group of students designed and conducted a science investigation. Which set of data best demonstrates repeated trials?

OA.

OB.

OC.

OD.

Plant A

Plant B

Mineral A

Mineral B

Comparing Physical Properties of Matter

Volume

2 ml

2 ml

Subject A

Subject B

Car A

Car B

Comparing Plant Growth

Soil

Water

5g

4 ml

79

3 ml

Mass

4g

8 g

Comparing Running Speed

500 Meters 1,000 Meters

137 s

152 s

200 s

227 s

Comparing Toy Car Distances

Test 1

Test 2

15 cm

25 cm

12 cm

27 cm

Sun

Direct

Indirect

Density

2 g/ml

2 g/ml

1,500 Meters

276 s

314 s

Test 3

13 cm

24 cm

Answers

Answer:

All of them

Explanation:

BECAUSE YES oh i need 20 characters

result(s) from interpersonal interactions. question content area bottom part 1 a. distant stressors b. encounter stressors c. time stressprs d. chronic stressors

Answers

Option b is the correct option for the following question as encounter stressors result(s) from the interpersonal interactions. question and content the area bottom

The stress of dating revolves around the person. We experience encounter stress when we worry about interacting with certain people or groups. You may not like them, find it difficult to communicate with them, or worry that they are unpredictable. people to share mutual relationships. It's a broad term that can be used to describe how people live the world together. It refers to the different ways people come into direct contact and communicate with each other. The concept of interpersonal relationships includes social relationships, connections, or affiliations between two or more people. Typical examples of the interpersonal skills are the empathy, active listening, and the emotional intelligence. Social skills and the permeate all areas of the life and are equally important in personal and professional interactions.

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How are Abigail Adam's concerns about Representation similar to the colonists' Concerns in Chapter 3?​

Answers

They're both irrelevant

What is nuclear energy and its use for generating electricity, find out if nuclear energy is renewable

Answers

Nuclear energy comes from the splitting of atoms in a reactor to heat water into steam, turn it into a turbine and generate electricity.

Ninety-two nuclear reactors in 28 states generate nearly 20 percent of the nation’s electricity, all without carbon emissions because reactors use uranium, not fossil fuels. These plants are always on and well-operated to avoid interruptions and are built to withstand extreme weather, supporting the grid 24/7.

In most power plants, you need to spin a turbine to generate electricity. Coal, natural gas, oil, and nuclear energy use their fuel to turn water into steam and use that steam to turn the turbine.

Nuclear plants are different because they do not burn anything to create steam. Instead, they split uranium atoms in a process called fission. As a result, unlike other energy sources, nuclear power plants do not release carbon or pollutants like nitrogen and sulfur oxides into the air.

Nuclear reactors are designed to sustain an ongoing chain reaction of fission; the reactors operating in the U.S. today are filled with specially designed, solid uranium fuel and surrounded by water, which facilitates the process. When the reactor starts, uranium atoms split, releasing neutrons and heat. Those neutrons will hit other uranium atoms causing them to break and continue the process, generating more neutrons and more heat.

This heat creates steam that will spin a turbine, which powers a generator to make electricity.

Although nuclear power is not renewable energy, it is still recyclable.

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Nuclear energy is the energy in the nucleus, or core, of an atom. Atoms are tiny units that make up all matter in the universe, and energy is what holds the nucleus together. There is a huge amount of energy in an atom's dense nucleus.

Nuclear energy originates from the splitting of uranium atoms – a process called fission. This generates heat to produce steam, which is used by a turbine generator to generate electricity. Because nuclear power plants do not burn fuel, they do not produce greenhouse gas emissions.

Nuclear energy is usually considered another non-renewable energy source. Although nuclear energy itself is a renewable energy source, the material used in nuclear power plants is not. Nuclear energy harvests the powerful energy in the nucleus, or core, of an atom.

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In terms of climate, how does a region that experiences strong chemical weathering differ for a region that experiences strong mechanical weathering?

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Answer:

In general, hot wet climates accelerate chemical weathering while cold dry climates accelerate physical weathering. Although the rate of weathering depends on the type of rock, rocks in tropical climates experience the highest rates of weathering because of the combination of high heat and heavy rainfall.

What is one event in history that you learned about this year that you think is important and why? Provide 2-3 reasons why you think the event if important. Write at least 3 sentences in your own words. 1 pt for correct capitalization, punctuation, and spelling.

Answers

Answer:

The plague - The death toll was so high that it had significant consequences on European medieval society as a whole, with a shortage of farmers resulting in demands for an end to serfdom, a general questioning of authority and rebellions, and the entire abandonment of many towns and villages. Throughout history, there have been many deadly pandemics, but the Black Death and the influenza pandemic of 1918–19 rank among the most lethal. The Black Death, which ravaged Europe between 1347 and 1351 and likely was caused by plague, killed roughly 25 million people.

Magna carta - Magna Carta was issued in June 1215 and was the first document to put into writing the principle that the king and his government was not above the law. It sought to prevent the king from exploiting his power, and placed limits of royal authority by establishing law as a power in itself.

Thus, the Magna Carta that is commonly remembered is the Magna Carta of King John, and the date that always has been commemorated as its granting is 1215.

Why does the government require some products to have warnings on their
labels?
A. Some products are exported to other countries.
B. Some products are more expensive than other products.
C. Some products can cause health problems.
D. Some products have confusing names.

Answers

the answer is C bcz it's a warning lol

Answer: C

Explanation: epex

Which of the following was responsible for successfully carrying out the Boston Tea Party? A. The Sons of Liberty B. Loyalists C. The Whig Party​

Answers

Answer:

A.

Explanation:

After Massachusetts Governor Thomas Hutchinson refused, Patriot leader Samuel Adams organized the “tea party” with about 60 members of the Sons of Liberty, his underground resistance group

Answer:

A.

Explanation:

The Boston tea party was organised by a group of patriots called the Boston Tea Party

Which section of the New Testament narrates the history of Christian missionaries?
A. the Epistles
B. the Gospels
C. Acts of the Apostles
D. Book of Revelation

Answers

Answer:

Act of the Apostles

Explanation:

i looked it up ;)

John is participating in an experiment that is designed to determine how much brighter a light has to be before he perceives the magnitude as twice as bright as the original light. Jane is participating in an experiment to determine how strong an odor has to be before she initially perceives the odor. The experiment in which John is participating relates to the _____ question and the experiment in which Jane is participating relates to the _____ question.

Answers

Answer:

John is participating in scaling; Jane is participating in a detection experiment question.

Explanation:

The experiment in which John is participating relates to the scaling question and the experiment in which Jane is participating relates to the detection question.

Scaling questions is a method used to construct understandings in order to assess a variable, situation, concern, relationship etc, it involved participant by asking them to perceive, described a variable based on a continuum i.e to rate, grade, usually based a scale of preference. John in the experiment was asked to determine how much brighter light has to be which is based on how he perceives the magnitude of the original light, the researcher is simply asking John to scale the light magnitude.

Detection questions are usually in an interrogative form used to exploring and searching for quality information; a technique that estimates detectability of the observer to accurately detect stimuli or a situation. Jane participating in an experiment was asked to determine how strong an odor has to be before she initially perceives the odor.

Please I need help I’m struggling this is due today

Please I need help Im struggling this is due today

Answers

Three things that we can notice from the Louisiana purchase are:

It acquired territory that doubled U.S. size. It gave the U.S. access to the Western territories. It increased the U.S. border with the Spanish territories.

Some potential problems that came with the purchase:

The U.S. would be more likely to get into conflict with Spain to gain more territory. The U.S. would have to deal with the Natives in the new lands. The U.S. would have to spend a lot to adequately secure its new borders.

What was the result of the Louisiana Purchase?

The Louisiana Purchase gave the U.S. access to land that was so large, it doubled U.S. size. This meant that the U.S. now had access to the territories to the west, and was closer to achieving the Manifest Destiny.

However, this newfound land meant that the U.S. now had to face off against the Spanish which meant spending a lot of money to ensure that its borders were secure.

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Name three types of educational placements for deaf and hard-of-hearing students and explain how they differ from one another

Answers

Answer:

they differ becuse the hard in hearing can still hear a little bit and the hard-of-hearing can use hearing aids to hear better and the deaf can not hear at all

Explanation:

which was necessary in completing and adopting the u.s. constitution?

Answers

Compromises on many issues were necessary in completing and adopting the U.S. Constitution. There were a variety of issues

although functionalism and gestalt psychology have blended into newer, broader perspectives, which school of thought in psychology has disappeared entirely?

Answers

The school of thought in psychology that has disappeared entirely is structuralism.

This approach focused on breaking down consciousness into its smallest components and analyzing them through introspection. However, it was criticized for being too subjective and unable to account for individual differences in perception and experience. Therefore, it was eventually replaced by functionalism and other approaches that emphasized the practical functions and purposes of behavior and mental processes.

Although functionalism and Gestalt psychology have evolved and blended into newer, broader perspectives, structuralism, which focused on analyzing the basic elements of consciousness, did not maintain its prominence and eventually faded away.

In essence, psychology is the science that devotes itself to the study of the mind, human behaviour, and all associated processes.

Humanity has been fascinated by the reasons behind human behaviour and thought almost from the beginning, when philosophers themselves pondered the reasons behind how our minds interact with our environments, understand the world around us, and produce the necessary responses for adaptation, change, and survival.

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Give and example if a "Bias" , are biases reliable or unreliable sources of information ?

Answers

Answer: bias are reliable

Explanation: I just did a test with this question and got it right

Of the five concepts of democracy, necessity of compromise means what?

A)When people have a disagreement, it is often necessary to compromise.

B) Citizens need to compromise all of the time.

C) Compromise is unimportant and should be overlooked.

D)Citizens should never compromise their ideals.

Answers

Answer:

Of the five concepts of democracy, necessity of compromise means that a. when people have a disagreement, it is often necessary to compromise.

Explanation:

To compromise means to give and to give-and-take. In democracy, the need to compromise is highly important because citizens can blend and adjust their views and interests, and try to solve their disputes through mutual concessions. Therefore, sentence A is the correct option.

A team of researchers decide to study social mobility. They obtain data on respondents and their parents, gathering information on the occupational status of each generation to see if mobility has occurred. To understand the likelihood of social mobility more fully, they also ask questions about respondents' educational attainment, type of training, and the prestige of the first job that respondents had in their respective occupational field. By considering some of these intervening processes, this research team has chosen to use a(n) ________ approach to social mobility. a. status attainment model b. ascending mobility c. vertical mobility d. class-based

Answers

Answer:

a. status attainment model

Explanation:

I hope this helps

By considering some of these intervening processes, this research team has chosen to use a status attainment model approach to social mobility.

Mobility is often measured by the association between parents' and adult children's socioeconomic standing, where higher association shows that there is less mobility.

Socioeconomic standing is seen by different measures such as social class, occupational status, individual earnings and family income.

Education is known to be a strong driver of social mobility.

Conclusively, Social mobility may be reduced in more unequal countries because educational scores are on average lower in less equal countries.

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a) Consider the following statements. What rules of inference are used in them? What is the valid conclusion for these statements? If Tina is lucky the she will get a scholarship. Tina is either lucky or smart. Tina is not lucky. Symbols to be used: A: Tina is lucky B: Tina is smart C: Tina get a scholarship (7 marks) d) Consider the following statement: If n and m are integers and n*m are odd, then n and m are odd. Give a proof by contrapositive. (5 marks)

Answers

Rule of Inference used: Disjunctive syllogism.

The conclusion that follows is Tina is smart. Because we know that Tina is not lucky, which means she cannot get a scholarship because she has to be lucky to receive a scholarship. However, Tina is either smart or lucky, and since Tina is not lucky, it is valid to conclude that she is smart.b)Proof by contrapositive:If n and m are integers and n*m are odd, then n and m are odd. We can write this statement in the form of a conditional statement as P → Q where P = n*m are odd, Q = n and m are odd.

The contrapositive of P → Q is ¬Q → ¬P. We have to prove the contrapositive that if n and m are even, then n*m is even. If n and m are even, then we can write n = 2p and m = 2q, where p and q are integers. n*m = 2p * 2q = 4pqSince p and q are integers, the product pq is also an integer, and the product of two even numbers is always even. Thus, we have proved that if n and m are even, then n*m is even by contrapositive.

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HELPPP ASAP GIVING OUT 15 POINTS TO WHOEVER ANSWERS EARLY

HELPPP ASAP GIVING OUT 15 POINTS TO WHOEVER ANSWERS EARLY

Answers

Answer:

C bc it just is XD...........

What do you mean by decentralised?​

Answers

Decentralized means that there isn’t a concentrated power/authority

What method gives voice to the experiences of people who are not included in the usual historical narrative?

Answers

Answer:

I think it's Counter Storytelling.

Forgive me if I am wrong

Explanation:

A counter-story is a tool that contradicts and exposes oppression in the stock narrative by giving voice to those who are silenced, ignored, or oppressed. Counter-stories emerge from the margins, presenting the perspectives of socially marginalized groups.

What is storytelling and how it is important for human life?

To make sense of the world, we create internal narratives. Storytelling is an essential component of human existence. Stories enable us to share information in an emotional way. They help us understand the information and each other, and they help us remember it.

Solorzano & Yosso (2002) define counter-storytelling as "a method of telling the stories of those people whose experiences are not often told". As a result, counter-stories can be used to expose, analyze, and challenge deeply embedded narratives and descriptors of racial privilege, sex, and so on.

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The "Green Revolution" has helped lower costs of crops, making it easier for poorer nations to buy
them on the world market, but has also caused what problem to arise because of this?
O obesity has increased dramatically in these countries
O poorer nations do not grow as many crops to help support themselves
O wars of conquest have begun to acquire new farmlands
lower quality of crops are being grown

Answers

The "Green Revolution" helped to reduce crop costs and made it easier for poorer nations to buy on the world market, but it also raised the problem of poorer nations not growing as many crops to help support themselves.

Although the Green Revolution modernized agriculture with technological innovations that made it possible to increase harvests and reduce costs, it caused significant impacts on the poorest farmers, generating:

Lack of money to buy seeds, fertilizers and machinery.

High loan rates, generating greater debt.

Higher number of unemployment, due to the replacement of manual work by machines.

Therefore, the Green Revolution benefited the richest countries the most and negatively impacted the poorest countries in the agricultural sector.

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Which of these did not occur during the Reconstruction Era?
(A)
Former slaves became US citizens.

(B)
Landless Southern farmers became very rich.

(C)
The president and members of Congress disagreed over the approach to the former Confederate states.

(D).Many former Confederate states passed laws to restrict the freedom of African Americans.
(pls help)!!!

Answers

Answer:

(B)

Landless Southern farmers became very rich.

Explanation:

Hope this will help

B is correct. Ofc if u don’t have land u won’t become very rich. Former slaves did become citizens. The approach was controversial about the confederate states so C is true. And Black rights were trying to be restricted so D is right too. Which leads to B being the answer left

In the process of __________, we make plans an take actions to eliminate or reduce the threat of future death and destruction when natural hazards suddenly become great threats.

Answers

Answer:

Mitigation

Explanation:

In the process of Mitigation we make plans an take actions to eliminate or reduce the threat of future death and destruction when natural hazards suddenly become great threats.

Which Ancient Western Empire would you have wanted to live in and why? (Ghana, Mali, or Songhai)

Provide at least 3 reasons/examples incomplete/detailed sentences to argue your choice.

Answers

Answer:

Explanation:

Mali cuz' it was RICH! it was the richest empire in ancient history. being rich meant it got lots of smart ppl n u could get a good education. emperor was so rich dat he literally handed out gold to common people...imagine that!

Answer:

Explanation:

It would be better if the question mentions African studies and the "Western Empire" means western african empire.

I would live in Ghana because it had gold which was the main currencies. Traders from the north and east brought goods to trade. With trade routes established, there was also a network of roadways allowing traveling to places.

According to Tocqueville, why is omnipotence bad for individuals and governments?

Answers

Answer:

Why is omnipotence bad for individuals and governments? Omnipotence should be reserved for God, whose justice and the wisdom are compatible with power. What recourse does a minority have according to Tocqueville when it suffers from an injustice at the hand of the majority? None.

Read the underlined text. What is Paine referring to in this sentence? It is easy to see the future. Things can change very quickly in life. Everyone has the right to their own government. A government of our own is our natural right: And when a man seriously reflects on the precariousness of human affairs, he will become convinced, that it is infinitely wiser and safer, to form a constitution of our own in a cool deliberate manner, while we have it in our power, than to trust such an interesting event to time and chance... Ye that oppose independence now, ye know not what ye do; ye are opening a door to eternal tyranny, by keeping vacant the seat of government. There are thousands, and tens of thousands, who would think it glorious to expel from the continent, that barbarous and hellish power...

Answers

Answer:

B - things can change very quickly in life

Explanation:

Answer:

Read the underlined text. What is Paine referring to in this sentence?

❌It is easy to see the future.

✔️Things can change very quickly in life.

❌Everyone has the right to their own government.

Explanation:

The Spanish built missions in Texas and Mexico. What was the purpose of this establishment?
O To ward off evil spirits
O To teach Native Americans military drills
O To protect the Spanish Establishments
O To convert Native Americans to Christianity

Answers

Answer:

Correct answer is To convert Native Americans to Christianity.

Explanation:

First option is not correct as it has no reference to any historical facts.

Second option is not correct as it was too dangerous to learn Natives military practice.

Third option is not correct as it was hard to create permanent peace with Indians.

Fourth is correct as they wanted to strengthen the influence of Catholic church in this area.

Which physical feature is more commonly found in New Zealand than in Australia?

Answers

One physical feature that is more commonly found in New Zealand than in Australia is glaciers. New Zealand has over 3,000 glaciers, while Australia has none.

This is due to the fact that New Zealand has a much colder climate and more mountainous terrain, which provides the necessary conditions for glacier formation. In contrast, Australia's climate is generally hot and dry, with much flatter terrain, making it less conducive to glacier formation.

Therefore, if you are looking for glaciers, New Zealand is the place to go. New Zealand is situated on the Pacific Ring of Fire, which makes it prone to volcanic activity. In contrast, Australia has no active volcanoes due to its location on a stable tectonic plate.

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do you think tocqueville's analysis of america is still applicable?why or why not?

Answers

Tocqueville's analysis centered on a particular point in American history and may not completely convey the complexity and variety of the country's contemporary political and social situation. Tocqueville's historical setting may have shaped his views. Tocqueville's description of America's political and social structure is profound but not universally applicable.

What is Tocqueville's analysis of America?

Generally, Alexis de Tocqueville's analysis of America, as presented in his book "Democracy in America," offers a thorough and insightful examination of the political and social landscape of the United States in the early 19th century. While much has changed in the country since Tocqueville's time, many of his observations and insights continue to be relevant and applicable today.

For example, Tocqueville wrote extensively about the role of individualism in American society and how it influenced the country's political and social structures. He argued that the emphasis on individual liberty and the absence of a strong central government in the United States led to a decentralized system of government and a strong sense of local community involvement. This analysis is still applicable today, as the United States continues to value individual liberty and has a decentralized system of government with significant power held at the state and local levels.

Additionally, Tocqueville's observations about the role of religion in American society and its influence on political and social life are still relevant today. He argued that religion played a significant role in shaping American values and beliefs, and this continues to be the case today, with religion often playing a central role in political debates and public discourse.

However, it is important to note that Tocqueville's analysis was focused on a specific time period in American history and may not fully capture the complexity and diversity of the country's current political and social landscape. It is also important to consider the historical context in which Tocqueville wrote and how it may have influenced his perspective. Overall, while Tocqueville's analysis of America is not universally applicable, it remains a valuable and insightful examination of the country's political and social structure.

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Other Questions
Draw the AC small signal equivalent circuit for the amplifier using the hybrid pi model of the BJT. beta =100, VA=75. Next solve for Ri, Ro and A., . Make a rough estimate of the maximum peak to peak voltage swing allowed at the output. For the common-emitter amplifier shown in Fig.P7.125, let Vcc =15 V, R1 = 27 kappa Ohm , R2 = 15kappa Ohm , RE = 2.4 kappa Ohm , and Rc =3.9 kappa Ohm . The transistor has beta = 100. Calculate the dc bias current Ic. If the amplifier operates between a source for which Rsig = 2 kappa Ohm and a load of 2 kappa Ohm , replace the transistor with its hybrid-pi model, and find the values of Rin, and the overall voltage gain / . Mg replace the transistor with its hybrid-, t model, and find the values of R]n. and the overall voltage gain Write an equation of the line that passes through (-1,3) and is parallel to the line y = -3x + 2. John Paszel took out a loan for 51 months but paid it in full after 25 months. Find the refund fraction he should use tocalculate the amount of his refund. which expression is equivalent to 1/49? Explain how people from Europe, Latin and South America, Africa, and NativeAmericans all came to be together in North America? 2. A car traveling 300 miles in 5 hours is an example ofa) Speedb) VelocityDC) Accelerationd) Direction At the start of the second Gulf War, US agents sent emails to Iraqi military officers telling them they would not be harmed if they left their tanks and weapons parked on the side of the road and went home. This would be an example of ____________. ___________. Mrs ray is teaching a 5th grade class . She is standing 5 meters in front of Kiara. Ian is sitting 12 meters directly to Kiaraa right . How far apart are Mrs Ray and Ian Choices A. 11 meters B. 12 meters C. 13 meters D. 14 meters The mass of a rock on earth is 2.0kg what is the weight of the rock on the moon. WHAT DIFFERENCES AND SIMMILARITIES DOES DARRELL NOTICE BETWEEN HIMSELF AND THE CHARACTER BRRIAN IN THE STORY HE READS the roots of a polynomial equation are 0, 5, and -2. what is the equation written in a factored form and in standard form? A. Address ethical issues for cybersecurity by doing the following:1. Discuss the ethical guidelines or standards relating to information security that should apply to the case study.a. Justify your reasoning.2. Identify the behaviors, or omission of behaviors, of the people who fostered the unethical practices.3. Discuss what factors at TechFite led to lax ethical behavior. How do I write a percent as a fraction in simplest form? Please explain step by step to get marked skylark company has forecast production for the next three months as follows: july 5,100 units, august 7,500 units, and september 7,900 units. monthly manufacturing overhead is budgeted to be $17,900 plus $10 per unit produced. what is the budgeted manufacturing overhead for july? what is 25000*200/.75*2500/15000 at a football game a vender sold a combined total of 195 sodas and hot dogs. the number of sodas sold was 39 more than the number of hot dogs. find the number of sodas sold and the number of hot dogs In choice box 1sometimesalwaysneverin choice box 2one pairexactly 2 pairsin choice box 3Adjacent opposite find the boyant force acting on when submerged in mercey given the density of the density of the mercery is 13,600 kg/m^3 assuming the block does not slip, what would be the force of friction between the block and the disk if the disk is rotating at a constant angular velocity of ? 9.51 correct if the disk then begins to slow down and the coefficient of static friction between the block and the disk is , what is the magnitude of the maximum initial angular decceleration that would not cause the block to slide on the disk? What theorem can be used to prove the triangles below are congruent?