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marishachu [46]
2 years ago
10

In a _________________________ economy, the individuals and the government share in the economic decision-making process. These

groups work togther to ensure economic development.
Business
1 answer:
Fantom [35]2 years ago
6 0

<u><em>Answer:</em></u>

<u><em>Mixed economy</em></u>

<u><em>Explanation:</em></u>

There are three types of Economies:

<u><em>Command Economy:</em></u>

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

<u><em>Free market:</em></u>

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

<u><em>Mixed Economy:</em></u>

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

<u><em>So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.</em></u>

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Suppose Germany produces only smartphones and tablets. The resources that are used in the production of these two goods are not
miss Akunina [59]

Answer:

The correct answer is: The shape of Germany production possibilities frontier (PPF) should reflect the fact that as Germany produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone remains Constant.

Explanation:

The frontier of possibilities varies the production of a particular good as productive resources are assigned. However, in practice, economies produce more than one good, and since productive inputs are limited, the allocation of them to produce one good means to stop allocating resources for the production of another, this implies that by producing more than one determined well you must "sacrifice" units of the other, this concept is known as opportunity cost. When increasing the production of one good necessarily implies decreasing the production of another, then we are facing an efficient allocation of resources.

The production possibilities frontier (F.P.P.) is called the outer section of the production possibilities set. When an economy is in the F.P.P. It is not possible to increase the production of one good without diminishing the production of another, so any basket that is in the F.P.P. It is a combination of efficient production.

The production possibilities frontier allows us to directly visualize the allocations of resources that are efficient and also the opportunity cost of production, to the extent that we can determine through it how much we should decrease the production of a good, when we want to increase The production of another.

For economists all costs are opportunity costs, so this concept is important for any economic analysis.

4 0
3 years ago
Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $3
Phoenix [80]

Answer:

Juanita should purchase the suit at the store across town because the total economic cost will be lowest.

Explanation:

three options:

  1. local store 15 minutes away and a price of $114
  2. across town 30 minutes away and a price of $86
  3. neighboring city 1 hour away and a price of $60

Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:

total economic cost:

  • local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144
  • across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131
  • neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135

Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)

Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.

5 0
2 years ago
Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990.
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Answer:

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Explanation:

6 0
3 years ago
The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizatio
kolbaska11 [484]

Answer:

The correct answer is letter "C": propitious niche.

Explanation:

Companies develop strategies to set the steps necessary to accomplish an objective. One of those steps involves finding the firm's propitious niche which is no more than its target market. It determines what the company should do based on the best competitive advantage the firm will have in that market that will differentiate the company from competitors and will help the firm to establish in the market.

8 0
3 years ago
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When the sponsor-investigator holds the ind for an investigational drug he or she is responsible for annual reporting of which o
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Answer: IND report

Explanation:

A sponsor investigator has numerous roles to perform which includes

Control of the investigational drug

Record retention

Reporting

Assurance of IRB review

Inspection.

So, under the reporting role he or she will be saddled with the responsibility of giving an annual report of the IND investigation.

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2 years ago
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