Consumers' demand for goods and services, which drives production, is the main element of __ a economy. - free market supply-side - command style demand-side - free market demand-side - command style supply-side

Answers

Answer 1

The correct answer is "free market demand-side." In a free market economy, consumers' demand for goods and services is the main driving force behind production.


And businesses respond to this demand by supplying goods and services to meet the needs of consumers. The demand-side refers to the consumers and their demand for goods and services. Hence, te correct term to complete the sentence is "free market demand-side." So, the complete sentence would be: Consumers' demand for goods and services, which drives production, is the main element of a free market demand-side economy. A free market is an economic system in which prices, production, and distribution of goods and services are determined by the demand and supply of the market, without any intervention by the government or any other external force. In a free market, individuals and businesses are free to compete with each other based on their abilities and resources, and prices are determined by the interaction of buyers and sellers in the market.


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Related Questions

Alfred is grain farmer that usually stores his soybeans at a local elevator. What would he do just to use the options market to create synthetic storage after he sells his beans at harvest?

Answers

Answer: Buy a Call Option

Explanation:

A Call option gives the holder the right to buy an asset at a predetermined price and time in the future. If Alfred bought a call option on the soybeans, he could leave the soybeans with the writer of the call option until the time the option is exercised then he can claim it back.

That way Alfred would effectively have stored the soybeans with the writer because he was still going to get it back in future anyway.

While Rebekah was shopping at Target, she noticed a Starbucks near the entrance, which prompted her to stop for coffee. This is an example of a

Answers

An example of store within a store is the setting that allowed Rebeekah to notice the Starbucks near the entrance at Target and prompted her to stop for coffee.

What is store within a store?

This an agreement where the retailer rents a part of the retail space to be used by a different company to run another shop.

In coinclusion, the agreement makes Rebecca be able to see the Starbuck store while shopping at Target.

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The opportunity cost of producing one more unit of a good is calculated by dividing the.

Answers

The opportunity cost of producing one more unit of a good is calculated by dividing the decrease in the quantity of another good that could have been produced with the same resources.

To calculate the opportunity cost of producing an additional unit of a good,  consider the alternative goods or services that could have been produced instead using the same resources. The opportunity cost represents the value or benefit foregone by choosing to produce one more unit of the specific good instead of allocating those resources to produce something else. By dividing the decrease in the quantity of the alternative good by the increase in the quantity of the desired good, a person can determine the opportunity cost of producing one more unit.

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Internships are usually paid.
True or False

Answers

Answer:

Depending on you're position. Can not be paid

Explanation:

Although Many Employee's do pay their interns, and some of there companies recognize the value in training for somebody became an after they finished college.

If John made $23,562.55 in wages, and $2,679.32 cents in tips, what amount should he enter for his income when filling out his 1040 ta
return form?
$24,902.21
$23,562.55
$2,679.32
$26,241.87

Answers

Answer:

Explanation:

$26,241.67

The answer is $26,241.87

How do you add a product to your Shopify store?

Answers

Follow these steps to add a product to your Shopify store: Enter your Shopify account credentials, then select the "Products" tab. To create a new product, click the "Add product" button.

Provide the necessary information in the forms, including the product name, description, pictures, price, and inventory. To make it simple for customers to find your product, use categories and product tags. By selecting "Add option," you can add any product variations, such as colour, size, or material. Set up taxes and delivery for your purchase. See your finished product and make any required changes. By selecting "Save" and then "Publish," you may save your product and make it live on your shop. Last but not least, be sure to advertise your new product on your website and social media platforms to Go into your Shopify account, select the Products tab, click Add product, fill out the form with the product's information, upload any necessary photographs, and then set the product's price and inventory.

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Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then

Answers

The statement which includes one real benefit from shopping with a credit card is:

A. You may earn cash back, travel rewards, or other perks for each dollar you spend

A credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit

There are various benefits to using a credit card which include:

A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etc

Therefore, the correct answer is option A

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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.

Answers

Answer:

Expansionary monetary policies

Explanation:

A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.

In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.

I need help I don’t get this

I need help I dont get this

Answers

The friest answer bc she said budget

Answer:

it's C, because when you budget you are trying to save money.

Explanation:

What did Friedrich Hayek advocate for?

Answers

Friedrich Hayek was an Austrian-British economist and philosopher who is best known for his contributions to the fields of classical liberalism and libertarianism. Hayek's ideas were influential in the development of the modern conservative and libertarian movements, and he is often associated with the advocacy of free markets, limited government, and individual liberty.

In his writings, Hayek argued that economic and political systems based on the principles of a free market and limited government were the most effective at promoting prosperity and individual freedom. He believed that central planning and government intervention in the economy was ultimately inefficient and led to the erosion of individual freedom and prosperity.

Hayek's ideas had a significant impact on the development of modern conservative and libertarian thought, and his work continues to be influential to this day.

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which of the following actions would be likely to shorten the cash conversion cycle? a. begin to take cash discounts on inventory purchases; the terms are 2/10 net 30. b. adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from 10 days to 20 days.

Answers

The option a. Taking cash discounts on inventory purchases (2/10 net 30) would be likely to shorten the cash conversion cycle.


The cash conversion cycle (CCC) measures the length of time it takes for a company to convert its investments in inventory and other resources into cash. A shorter CCC is generally desirable because it means that a company is able to generate cash more quickly and efficiently.

Taking cash discounts on inventory purchases (2/10 net 30) can shorten the CCC by allowing the company to pay its suppliers more quickly and receive payment from its customers more slowly.

The terms 2/10 net 30 mean that the company will receive a 2% discount if it pays its bills within 10 days, otherwise it must pay the full amount within 30 days. By taking advantage of the discount, the company can reduce the amount of time it takes to pay its suppliers and thus reduce its CCC.

Hence , correct option is A.Taking cash discounts on inventory purchases (2/10 net 30)

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Money has evolved over time from
being printed on valuable substances (commodity money) to merely representing those valuable substances (commodity-backed money) to not representing anything at all (fiat money). The values of both fiat money and commodity money are determined by supply and demand. They both require faith that you will be able to spend them tomorrow. So, they are both the same in that respect. The only difference between fat and commodities is that the fiat is issued by a government, and the government can issue as much as it wants. Some people are worried about our economy because the government can print as much fiat money as it wants. However, the amount of gold and silver can't just be produced just like that, their value is derived by demand and supply where supply can't be unlimited unlike Fiat money. Do you agree or disagree with this concept? Explain your answer.

Answers

Yes, i completely agree with this concept. As fiat money has unlimited supply due to the fact that it is printed. However, gold and silver are natural resources and have limited supply and can exhaust overtime.

Give a brief account on fiat and commodity money.

Fiat currency's value is mostly determined by public confidence in the issuer. On the other hand, the value of commodity money is determined by the substance used to make it, such as gold or silver. As a result, commodity money frequently has intrinsic value as opposed to fiat money. Fiat currency may become worthless if public opinion about the authority issuing it changes. Contrarily, commodity money maintains value according to the metal or other material composition it contains. As a result of having no inherent value, fiat currency is more susceptible to inflation. Despite having intrinsic worth, commodity money is subject to significant price swings due to shifting commodity prices. In the case of silver coins, for instance, a significant silver find could result in inflation if the value of the silver currency plummeted.

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B) What are the reasons that the bid rent curve for land used in housing is curved rather than a straight line?

Answers

The bid rent curve for land used in housing is curved due to various reasons. Firstly, the demand for housing is not uniform throughout the city, as different areas have different levels of desirability based on various factors such as accessibility, amenities, safety, and proximity to workplaces. Therefore, people are willing to pay more to live in areas that are highly desirable, and this creates a steeper gradient on the bid rent curve.

Secondly, the availability of land suitable for housing decreases as one moves closer to the city center due to increasing commercial and industrial development. Therefore, the supply of land for housing decreases, and this creates a flatter gradient on the bid rent curve. Thirdly, the cost of transportation and commuting also influences the bid rent curve. People are willing to pay more for housing in areas that are closer to their workplaces to reduce their transportation costs and time. This creates a steeper gradient on the bid rent curve for areas that are closer to employment centers. Lastly, the bid rent curve for land used in housing is also influenced by the income level of the residents. Wealthier residents are willing to pay more for housing in desirable areas with high-end amenities, while lower-income residents are more likely to choose areas with lower housing costs but may have fewer amenities.

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According to the box "Outline of a Comprehensive Business Plan," it is reasonable to assume that a quality business plan will take

Multiple Choice

O

O

O

at least six months

over a year

around one or two weeks

about two months

to generate. T

Answers

As stated in the box "Outline of a Comprehensive Business Plan," a quality business plan should take around two months to generate. Thus, Option D is correct.

A quality business plan typically takes about two months to generate, as it requires careful research, analysis, and planning of various aspects of the business, including its market, competition, financial projections, and management structure. However, the time required to develop a business plan can vary depending on the complexity of the business, the availability of information, and the resources available to the entrepreneur or team developing the plan.

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What safety device should be worn when there is danger of fragments being thrown?

Answers

Answer:

gloves i think

Explanation:

How many members serve on the Equal Employment Opportunity Commission? A) three. B) five. C) nine. D) ten. E) Five.

Answers

The correct answer is C) nine. The Equal Employment Opportunity Commission (EEOC) is a federal agency in the United States that enforces civil rights laws against workplace discrimination.

It is responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or employee on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, or genetic information. It also protects employees against retaliation for filing a discrimination complaint. There are nine members who serve on the Equal Employment Opportunity Commission. Five of these members are appointed by the President of the United States, and the remaining four members are appointed by the President's political party. The term of office for each member is five years, and they can serve a maximum of two terms. The President appoints one of the commissioners to serve as the chair of the EEOC. The EEOC's headquarters are in Washington, D.C., and it has 53 field offices located throughout the United States.

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Question 7 of 10
Zack buys 40 shares of eBay at the close price of $20.95. His broker charges
him 4% of each share as a transaction fee. How much did Zack spend in total
to buy this stock?
A. $838.00
B. $871.52
C. $856.28
D. $891.46

Answers

The cost of each share is $20.95, and Zack buys 40 shares, so the cost of the shares is 20.95 * 40 = $838.00.

Zack's broker charges him 4% of each share as a transaction fee, so the total transaction fee is 0.04 * 20.95 * 40 = $33.28.

Therefore, the total cost of the transaction is $838.00 + $33.28 = $871.28.

The correct answer is B. $871.52.

True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses

Answers

Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can

plan on spending up to 50% of that amount on car expenses.

Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.

This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.

This is because discretionary expenses are categorized under wants instead of needs.

Thus, given that planning for car expenses is a want, then the statement in the question is True.

Hence, in this case, it is concluded that the correct answer is "True."

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Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?

Answers

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

9) Consider the following information regarding a credit default swap that you want to buy The default swap offers three years of coverage with the possible default occurring at the end of year one, year two or year three. The face value of the bond to bond to be covered is $1,000,000. The recovery rate for such bonds is 35%. The probability of default in any given year is 5% The STRIP rates for one, two and three years are 1%, 2% and 3% respectively. How much would you pay for this credit default swap?

Answers

The price you would pay for the credit default swap is $40,032.91 which is obtained using STRIP rates.

To calculate the price of the credit default swap, we need to consider the present value of the potential default payments and the recovery payment. The present value of the default payments is calculated by multiplying the face value of the bond by the probability of default in each year and discounting it to present value using the corresponding STRIP rates.

The present value of the recovery payment is calculated by multiplying the face value of the bond by the recovery rate and discounting it to present value using the STRIP rate for the year of default.

In this case, we have three possible default scenarios: end of year one, year two, or year three. The present value of the default payments is calculated as $14,133.61, $13,878.93, and $13,897.55 for each scenario, respectively.

The present value of the recovery payment is $350,000 for all scenarios. Adding these values together, we get a total present value of $41,329.09. However, we also need to subtract the present value of the bond itself, which is $1,000,000 discounted at the STRIP rate for three years (3%). After subtracting this value, we arrive at the final price of the credit default swap, which is $40,032.91.

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According to Alexander Hamilton, what actions are necessary to ensure the country's economic stability?Answer choicesa. Part of the trade embargo against Great Britain.b. Elimination of consumption tax.c. Creation of a trade alliance with France.d. National bank establishment.

Answers

The answer is option b. Elimination of consumption tax, According to Alexander Hamilton, actions that are necessary to ensure the country's economic stability are elimination of consumption tax.

A simple tax definition is what?

A tax is a forced payment or levy that is gathered by local, state, and federal governments from citizens or companies to pay for essential public goods, services, and activities.

What does tax primarily serve?

Taxation's primary purpose is to provide money for public spending. Over time, different defenses and explanations for taxes have been put forth. Early taxes supported the aristocracy and were used to assemble armies and construct fortifications.

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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.

Answers

Answer:

A

Explanation:

net worth is based on assets and income so if assets decrease your net worth decreases

Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $ 219,000 $ 269,000 ? Administrative expenses $ 157,000 $364,000 Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 353,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 58,000 Ending $ 33,000 Raw materials Work in process 2 $ 29,000 Finished goods $ 37,000 ? The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $32,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Sales Cost of goods sold Gross margin 0 Selling and administrative expenses: Selling expenses Administrative expenses 0 Net operating income < Income Statement COGS Schedule >

Answers

a) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.

b) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.

c) The COGM schedule calculates the cost of goods manufactured by considering the beginning inventory balances, total manufacturing costs added to production, and the ending inventory balances.

a) Sales: Not provided in the given data.

Cost of goods sold: $663,000 (unadjusted cost of goods sold).

Gross margin: Not provided in the given data.

Selling expenses: $219,000.

Administrative expenses: $157,000.

Net operating income: $32,000.

b) COGS Schedule:

Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.

Total manufacturing costs added to production: $680,000.

Cost of goods available for sale: $725,000.

Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.

Unadjusted cost of goods sold: $663,000.

COGM Schedule:

Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.

Total manufacturing costs added to production: $680,000.

Cost of goods manufactured: $?,

Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.

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Which of the following refers to the balance an account is always supposed to have?

Normal balance

Debits

Credits

Double-entry system

Answers

Answer:

Normal balance

Explanation:

Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification.  Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.

Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.

Miguel is vice president of marketing at xyz corp. He is disappointed to learn that the vice president of sales at xyz earns 20 percent more than he does despite the two positions having similar levels of responsibility and impact. In this example, what method is miguel using to evaluate the fairness of his pay?

Answers

Miguel holds the position of vice-president of marketing at xyz Corp. Because Miguel ended up having $35 more so than he did, he is unsatisfied.

What are the many types of marketing?

The 4 P are a "combination of strategies" that includes four crucial elements for selling a product or service product, price, place, and marketing. Businesses frequently consider the four Ps when creating plans and objectives for reach their intended audiences.

What is an effective marketing example?

In a word, it is an effort to make customers aware of a business's offers, which can include both physical goods for sale or services rendered. Advertising on television, on billboards along the highway, and in magazines are all common examples of marketing in action.

Briefing

He spends $35 × 4 = $140.

He earns $21 × 5 = $105.

His net increase is $105 -140 = -$35.

Miguel ends up with $35 less than he started with.

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Which of the following are part of the marketing mix? (Check all that apply)

Answers

Answer:

product, price, place, promotion—are often referred to as the marketing mix. These are the key elements involved in marketing a good or service, and they interact significantly with each other.

Explanation:

PLZZ mark brainlyist

List two things you could do now to further explore the career clusters you are interested in.

please help will give brainliest ​

Answers

-Reading and Researching. First, I strongly recommend that you create a separate and labeled folder for each of your top ten career/job options. ...

-Networking and Informational Interviewing

-Gaining Relevant Experience

Answer:

study the sybjects i wnt to do and pass the exsams

Explanation:

Assume the government wishes to adopt a more environmentally friendly agenda and has thus decide to enter markets where externalities are found. Show using supply and demand analysis the effect on where society maximizes welfare when:(6 points) a. A government regulation that taxes the amount of production (and thus pollution is added to the market. b. The government provides an income tax break to people who buy electric cars.

Answers

A government regulation that taxes production (and thus pollution) reduces the equilibrium quantity of the product and increases its price, leading to a decrease in pollution levels and potential improvement in welfare.

When the government introduces a regulation that taxes production, it aims to internalize the external costs associated with pollution. By imposing a tax on each unit of production that generates pollution, the government effectively increases the cost of production for producers. As a result, the supply curve shifts upward, leading to a higher equilibrium price and a lower equilibrium quantity in the market.

This decrease in production and consumption levels translates to a reduction in pollution as producers have a financial incentive to produce less or adopt cleaner technologies. The tax creates a market-based mechanism that encourages firms to consider the environmental consequences of their production decisions.

From a welfare perspective, the reduction in pollution can be seen as a positive outcome. Externalities, such as pollution, impose costs on society that are not reflected in the market price. By internalizing these costs through taxation, the government attempts to align private costs with social costs. As a result, society as a whole can experience a net gain in welfare, as the harmful effects of pollution are reduced.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

You are willing to supply the most cookies at the
price.
price, and consumers will demand the most cookies at the price
lowest, highest
highest, lowest

Answers

B. Highest Lowest

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