A command economy is one in which the government determines what and how much should be produced, and at what price it should be sold. In such an economy, the government also sets wages and determines who should receive what goods and services.
In contrast, a free market economy is one in which individuals and businesses determine what should be produced, how much should be produced, and at what price it should be sold.In such an economy, individuals and businesses also determine wages and determine who should receive what goods and services.There are several reasons why people in a command economy might resist a shift to a free market economy:
1. Fear of job loss: In a command economy, the government is responsible for providing employment for its citizens. If the economy were to shift to a free market economy, it would mean that the government would no longer be responsible for providing employment, and individuals would have to find employment on their own. This would be difficult for many people who are used to relying on the government for employment.
2. Fear of losing social welfare programs: In a command economy, the government is responsible for providing social welfare programs, such as healthcare and education.
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Judging is:
Select the best answer choice.
A.
One's openness and flexibility to new information
B.
Perceiving people
C.
Responding to what the world throws at an individual
D.
Imposing order on the outside world
How much money is this legitimately worth???
Answer:
$300,000
Explanation:
started business with cash Rs 100000 and furniture Rs 50000
Answer:
See below
Explanation:
Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.
The journal entry will be as below,
Cash A/c Dr. Rs 100,000
Furniture A/c Dr. Rs 50,000
Capital A/c Cr. Rs 150,000
If Congress has a budget surplus and wants to implement a nationwide preschool program, what is the most effective method to accomplish this goal
Surplus can occur sometimes in budget, If Congress has a budget surplus and wants to implement a nationwide preschool program congress should continue to invest in the school children.
What is Surplus?Surplus occurs when the amount allocated for an asset or resource exceeds the amount that was used.
A surplus can occur in different items and when it happens the amount left can be invested in other areas of the project until satisfaction.
Therefore, If Congress has a budget surplus and wants to implement a nationwide preschool program the congress should continue to invest in the school children and children's school programs.
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help asap please...............
The three parts of an income statement heading are _____.
who
when
where
what
motivation of 50. also last year trying to get rid of them. Have a good day :D
Answer:
Who,When,What
Explanation:
During what stage of the new-product development process does a marketer develop a prototype for alpha or beta testing?.
The new-product development process does a marketer develop a prototype for alpha or beta testing Product Development.
When does a prototype become created throughout the new product development process?It is time to continue with the product life-cycle development process once the idea for a new product development has been established, the market strategy has been defined, and the business analysis has been done. The creation of the prototype comes first, then the MVP, in the new product development process.
What phase of the new product development process does the creation of a prototype and the formulation of a marketing plan take place?Simply put, a prototype is a sample item created from the first concept (stage three). It basically serves to verify if the product idea is feasible in terms of design, engineering, and safety (Callan, 2019).
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What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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PLS NEED HELP IM BEHIND BAD
Answer:
The first answer
Explanation:
Just took it
The amount of expenditures eligible for the child and dependent care credit is the least of three amounts. Which of the following is not one of those amounts? The total amount of child and dependent care expenditures for the year $3,000 for one qualifying person or $6,000 for two or more qualifying persons The dependent's earned income for the year The taxpayer's earned income for the year
The dependent's earned income for the year is not one of the three amounts that determines the amount of expenditures eligible for the child and dependent care credit.
The three amounts are the total amount of child and dependent care expenditures for the year, $3,000 for one qualifying person or $6,000 for two or more qualifying persons, and the taxpayer's earned income for the year.
Among the options provided, the one that is NOT one of the three amounts considered for determining the amount of expenditures eligible for the child and dependent care credit is: The dependent's earned income for the year.
Dependent care credit is a tax credit that provides a benefit to taxpayers who incur expenses for the care of qualifying children or dependent adults while they work or look for work. To qualify for the credit, the care must be provided by someone other than the taxpayer and must be necessary for the taxpayer to work or look for work.
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Explain how communication can have an impact on customer
satisfaction and what managers can do to improve communication.
By focusing on improving communication practices and ensuring customer-centric communication approaches, managers can enhance customer satisfaction.
Communication plays a crucial role in shaping customer satisfaction. Effective communication helps in building trust, understanding customer needs and expectations, resolving issues promptly, and providing a positive customer experience.
Here are a few ways in which communication can impact customer satisfaction:
Clear and Timely Information: Customers value clear and timely communication.
Providing accurate and relevant information about products, services, pricing, promotions, and policies helps customers make informed decisions and reduces confusion or misunderstandings.
Active Listening: Effective communication involves active listening to customer concerns, questions, and feedback.
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most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests
Answer:
I think it is IQ.
I'm not 100% sure
Explanation:
Which of the following jobs is expected to double in the next few years?
nurse
automobile mechanic
real estate salesperson
computer engineer
Answer:
real estate salesperson
Computer Engineer
I have to write at least 20 characters to post this.
NEED HELP ASAP, WILL GIVE BRAINLIEST
Variable Costs are also known as
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
Imagine you are an economic adviser to the Commonwealth Government. The Prime Minister wants to increase spending on public transport in major cities, but does not want to raise taxes. Identify alternative sources of revenue for the government to fund its new initiatives.
Answer: A combination of 1) Increased public transportation fees, 2) raise the gasoline tax, 3) increase or institute highway tolls, or 4) reduce the road construction budget and use that money for public transportation.
Explanation:
Actions 2-4 would provide incentives to use public transportation.
Felicia, a high school student, wants to take courses that will count for both high school and college credit. Which program would work best for her?
a
Career and technical education program
b
College Level Examination Program
c
Dual enrollment program
d
Vocational training
Answer:
Explanation:
b
College Level Examination Program
Answer:
The best program that will work for her is the College Level Examination Program
Explanation:
Hoped this helped.
An example of an activity cost pool is number of setups. setting up machines. number of inspections. machine hours.
The example of an activity cost pool from the options given would be "number of setups".
Activity cost pools are used in activity-based costing (ABC) to group costs according to the activities that drive them. Each activity cost pool consists of the costs associated with a particular activity that is required to produce a product or provide a service. In the options provided, "number of setups" is the activity that drives costs associated with setting up machines to produce products. This activity incurs costs such as labor, equipment, and material costs, which can be grouped together into an activity cost pool.
The other options provided are also activities that drive costs in a production process, but they would be categorized into separate activity cost pools. For example, "machine hours" would be an activity cost pool that includes costs related to running machines, while "number of inspections" would be an activity cost pool that includes costs related to quality control inspections.
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Who is the leader of EG
Answer:
The company, the U.S. unit of U.K.-based EG Group Ltd has named George Fournier as its new president.
as the global market for sunscreen products with a high spf has become extremely competitive in recent months, block-it sun products newly appointed cfo believes the company should address its minimum efficient scale and attempt to lower it. what is a consequence of a low minimum efficient scale?
A low minimum efficient scale may leads to decline the market share of Block-It Sun company and also its revenue.
What is revenue?Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations in ordinary course of economic activity.
The gross income of gross revenue figure is used to calculate net income by deducting revenue nature nominal account expenses & losses of particular accounting period. Sales are another name for revenue in the income statement.
Thus if the company made a low minimum efficient scale then the production as well as market share both will decline and lead to lower revenue.
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The production cost in GHC per week of producing x computers is given by
\(c(x) = 4000 - 32x + 0. 08 {x}^{2} + 0. 00006 {x}^{3} \)
and the demand function for the computers is given by
\(p(x) = 250 + 0. 02x - 0. 001 {x}^{2} \)
What is marginal cost, marginal product, and marginal revenue. When
\(x = 200 \)
and
\(x = 400\)
what does theses numbers tells you about marginal cost, marginal product and marginal revenue
When x = 200 and x = 400, you can calculate the values of marginal cost, marginal product, and marginal revenue at these specific production levels. These numbers will provide insights into the changes in cost, production, and revenue associated with increasing the quantity produced from 200 to 400 units.
Marginal cost represents the additional cost incurred by producing one more unit of output. It is calculated as the derivative of the cost function with respect to the quantity produced (x). In this case, the marginal cost can be obtained by taking the derivative of the cost function c(x).
Marginal product refers to the additional output produced by employing one more unit of input. It is calculated as the derivative of the production function with respect to the quantity produced (x).
However, the given problem does not provide a production function explicitly, so it is not possible to determine the marginal product.Marginal revenue represents the additional revenue generated by selling one more unit of output.
It is calculated as the derivative of the revenue function with respect to the quantity sold (x). In this case, the revenue function can be obtained by multiplying the price function p(x) by the quantity produced (x).
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What is the difference between a free trade association, a common market, and an economic union
The main difference between a free trade association, a common market, and an economic union lies in the level of economic integration and the extent of cooperation among member countries.
A free trade association, a common market, and an economic union are all types of regional integration agreements that promote economic cooperation between countries. Here's a brief explanation of each:
1. Free Trade Association: In a free trade association, member countries eliminate trade barriers, such as tariffs or quotas, on goods and services traded between them. The main objective is to promote free trade and increase economic efficiency. However, member countries retain their own independent trade policies with non-members. An example of a free trade association is the North American Free Trade Agreement (NAFTA).
2. Common Market: A common market goes a step further than a free trade association. In addition to eliminating trade barriers, member countries also allow the free movement of factors of production, such as labor and capital, within the region. This means that workers can move freely between member countries and businesses can invest and operate in any member country. The European Single Market is an example of a common market.
3. Economic Union: An economic union takes integration to its highest level. In addition to the features of a common market, member countries of an economic union also adopt a common set of economic policies. This includes coordinating their monetary policies, fiscal policies, and other economic regulations. The European Union (EU) is an example of an economic union.
The main difference between a free trade association, a common market, and an economic union lies in the level of economic integration and the extent of cooperation among member countries.
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economy where the government owns and offers all the goods and services is called ?
In such situation, we would have what is known as a command economy, in which the government owns, provides, and sets the prices for all goods and services.
The goal of a command economy, often referred to as a planned economy, is to maximise societal welfare by the planning, coordination, and direct supervision of all economic activity. In contrast to free-market economies, command economies do not permit market forces like supply and demand to control production or prices. All resources are allocated by the government in line with the overall plan. It strives to make the best use of the country's financial resources, labour force, and natural resources. A central authority determines both the maximum allowable output and the prices that can be paid for products and services under a political system with a command economy. Most industries are publicly held businesses.
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Which banker would a software company most likely visit for help to raise large amounts of capital to acquire, or buy out another company
It should be noted that the banker that would be visited to raise large amounts of capital is an investment banker.
Who is an investment banker?It can be noted that an investment banker simply means a person that is involved in helping to raise capital for large corporations.
In this case, the banker that a software company most likely visit for help to raise large amounts of capital to acquire, or buy out another company is an investment banker.
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Answer:
B. an investment banker
Explanation:
A value hypothesis explains the reasons why a customer may choose not to use a product. True or false
False.A value hypothesis is a declaration of the anticipated worth that a good or service will bring to its users. It describes the advantages and results that users will experience from utilising the product, as well as why users would want to use it.
A value hypothesis is defined.A value hypothesis puts forth a presumption regarding the worth of a product to potential customers. But, it's also possible that your "future clients" are assumptions. A value hypothesis focuses more on the current market.
What is an example of a value hypothesis?The value hypothesis examines how much value your product or service offers clients and, more crucially, if they are willing to pay for it.
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Why should a society be careful in using its natural resources
Answer:
... because natural resources are limited in quantity, and once they are depleted, they are gone forever.
Explanation:
Suppose Mexico is a major export market for your U. S. -based company and the Mexican peso appreciates drastically against the U. S. Dollar. This means Group of answer choices your company's products can be priced out of the Mexican market, as the peso price of American imports will rise following the peso's fall. Your firm will be able to charge more in dollar terms while keeping peso prices stable. Your domestic competitors will enjoy a period of facing lessened price competition from Mexican imports. Your firm will be able to charge more in dollar terms while keeping peso prices stable. Your domestic competitors will enjoy a period of facing lessened price competition from Mexican imports
Imagine that your U.S.-based company relies on exporting to Mexico, and that the Mexican peso falls precipitously against the dollar, as it did in December 1994.
What food imports does Mexico make?
Mexico imports large quantities of grains from the United States, particularly corn, wheat, and soy, as well as meat (beef, pig), processed goods, carbonated beverages, and several kinds of dairy. North American businesses also dominate the importation of fresh fruit and vegetables.
Are there many food imports into Mexico?
Mexico imported $35.3 billion or so worth of agricultural products from all other nations in 2021. Mexico's major agricultural trade partner is the United States, which provides 69 percent of Mexico's imports and purchases 81 percent of its exports in this sector.
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Discuss the aspects of Total Quality Management (TQM) and how they apply in service- and product-based businesses.
Total Quality Management (TQM) is systematic approach to the quality improvement that involves all employees in the business or organization.
What is Total Quality Management?Total Quality Management (TQM) is a management philosophy that emphasizes continuous improvement in all aspects of an organization's operations. TQM is based on the belief that every employee has the potential to contribute to the overall success of the organization, and that the organization should work to ensure that all employees are able to do so. TQM involves a focus on customer satisfaction, continuous improvement of processes, and a commitment to ongoing learning and development. This approach involves setting goals, measuring progress, and using data to make informed decisions. TQM is a comprehensive approach to quality management that involves all aspects of an organization, from its culture and leadership to its processes and systems.
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Total Quality Management (TQM) is a management approach that focuses on continuous improvement, meeting customer requirements, and ensuring high-quality products and services. TQM has several key aspects that can be applied to both service- and product-based businesses.
1. Customer focus: TQM emphasizes the importance of understanding and meeting the needs of customers. In service-based businesses, this can involve providing excellent customer service, while in product-based businesses, it can involve designing and manufacturing high-quality products that meet customer needs.
2. Continuous improvement: TQM encourages businesses to constantly look for ways to improve their processes, products, and services. This can involve regularly reviewing and updating processes in both service- and product-based businesses to ensure they are efficient and effective.
3. Employee involvement: TQM recognizes the importance of involving employees at all levels in decision-making and problem-solving. In service-based businesses, this can involve empowering front-line employees to make decisions that will improve customer satisfaction, while in product-based businesses, it can involve involving employees in the design and manufacturing process.
4. Data-driven decision making: TQM encourages businesses to use data to make informed decisions about their processes, products, and services. This can involve collecting and analyzing data on customer satisfaction, product quality, and process efficiency in both service- and product-based businesses.
By applying these aspects of TQM, businesses can ensure that they are providing high-quality products and services that meet the needs of their customers.
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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in eco town, the market rent for apartments is $2000/month. a large section of the population in eco town feels that this rent is unfair for most people. one of the mayoral candidates announces that he will make sure that the apartment rentals do not exceed $3000/month. general public is thrilled. as a student of economics, how does this announcement sound to you? is the proposed rent control effective/ineffective? why/why not? graph:
As a student of economics, the proposed rent control sounds ineffective because the market rent for apartments in Eco Town is $2000/month, and the proposed rent control allows the apartment rentals to be as high as $3000/month.
Therefore, the announcement does not provide a significant reduction in the rent prices to the people of Eco Town. The market rent for apartments refers to the amount that landlords can charge for an apartment in a particular area, given the supply and demand factors. The rent control sets a limit on the amount that landlords can charge, intending to reduce the cost of housing in a particular area, especially in cities where the cost of living is high.Population refers to the total number of people living in a particular area or location.
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Norm worked as a sales person for his firm. When he turned fifty, the office had a party for him. His boss made a lot of jokes about Norm getting too old to keep up with the younger staff. Those comments continued past the party for several months. Norm was fired six months later. When he filed a complaint for age discrimination, the boss defended his actions by saying Norm was fired for not meeting sales quotas. Norm had missed his quota for only one month, and he provided evidence that younger employees who had missed up to three months of the quotas were not terminated. Norm is attempting to show that:
Answer: the employer's defense was a pretext.
Explanation:
Norm providing evidences that him being fired was unfair shows that Norm is attempting to show that the employer's defense was a pretext.
A pretext simply refers to a false reason which covers the true intentions or motives of an employer. In this case, the employer didn't fire Norm because he didn't meet his sales quota but fired him because of his age.
Therefore, all the defense given by the employer shows that his defense was a pretext.