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Musya8 [376]
2 years ago
7

True or false: In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quanti

ties of goods produced.
Business
1 answer:
Zepler [3.9K]2 years ago
6 0

It is true that in a market system, consumers exercise consumer sovereignty, is crucial in determining the types and quantities of goods produced.

<h3>What is consumer sovereignty?</h3>

Consumer sovereignty refers to the control exercised by consumers' preferences on the production of goods.

Here, the consumers have the power to judge what goods as well as services are produced as the case maybe.

Learn more about consumer sovereignty here: brainly.com/question/4397035

#SPJ1

You might be interested in
Which account is usually federally not federally insured?​ Does this even make sense?
Komok [63]

Answer:

I think it's A. or C. but I really think it's C.

8 0
2 years ago
Career readiness represents the extent to which you possess the ________ desired by employers.
ollegr [7]

Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u>  desired by employers.

<h3>What is Career readiness?</h3>

Career readiness can be defined as the way in which a person acquire or possess the necessary skills, knowledge that an employer desires an employee to posses.

Career readiness is essential for someone that want to build their career or the person that want to reach the highest peak of their career as this enable them to prepare ahead.

Therefore Career readiness represents the extent to which you possess the <u>knowledge, skills, and attributes</u>  desired by employers.

Learn more about Career readiness here:brainly.com/question/27841409

brainly.com/question/3299764

#SPJ1

8 0
2 years ago
High SchoolBusiness7 days ago Canada has a market economy. As such, Canada's economy (relative to centrally planned economies) t
kati45 [8]

Answer:

D) productive efficiency and allocative efficiency but not necessarily equity.

Explanation:

Countries that have a market economy are capitalistic countries and those that favor command economies (centrally planned) are called socialist countries. No country is totally capitalistic (since governments, taxes, regulations, etc., exist), and no country is totally socialist either. But countries are classified depending on which economic system they favor.

Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

But the negative aspect of capitalism is that income and wealth distribution is very unequal.

7 0
3 years ago
Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied
Rom4ik [11]

Answer:

C. $2,018.00.

Explanation:

The computation of the lower cost or market value is shown below:

For Jelly

= 150 units × $2 per unit

= $300

For Jam

= 370 units  $2.50

= $925

And, for Marmalade

= 260 units × $3.05

= $793

So, the total inventory is

= $300 + $925 + $793

= $2,018

It is come by multiplying the quantity of each one by its lower cost or market value per unit

6 0
2 years ago
Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not
9966 [12]

Answer: democratic leadership

Carmen stated a possible solution that was increasing tuition fee and then Carmen said that it should be considered. This means that she did not impose it that that is the only solution and that has to be done in any way, if she did then it would’ve been autocratic leadership.

Carmen left some room for discussion and this means it is a democratic approach in leadership.  


8 0
3 years ago
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