1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
1 year ago
10

When collective decision making is utilized to resolve economic questions regarding the allocation of resources,

Business
1 answer:
Nataly [62]1 year ago
6 0

When collective decision making is utilized to resolve economic questions regarding the allocation of resources, the role of markets will be replaced by political decision making.

What is a collective decision?

When two or more individuals analyze, choose, or use a good or service, collective decision-making is taking place. Members participate in the decision-making process in both families and organizations in a variety of ways.

How do economists solve the problem of scarce resources?

The government decides what to produce and allocates the resources according to its decisions. Another method the governments use to solve the problem of scarcity is by raising prices, but they must make sure that even the poorest consumers can afford to buy it.

Learn more about scarcity of resources: brainly.com/question/17766279

#SPJ4

You might be interested in
Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that om
seraphim [82]

Answer:

A per se violation

Explanation:

A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.

Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.

In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.

6 0
3 years ago
Most people would rather give up their tvs or the internet than their mobile phones.
12345 [234]

ANSWER – TRUE

 

Most people would rather do away with their TVs or the Internet than their mobile phones. <span>While for a fact, television remains the most used media, and the internet is fast catching up, surveys have shown that most people would still prefer to hold on to their mobile phones above these two.</span>

5 0
3 years ago
Both Canada and the United States produce lumber and footballs with constant opportunity costs. The United States can produce ei
ahrayia [7]
Geifoiwbcuue. Viiexivet. Rdvh
6 0
2 years ago
When giving a spreadsheet a title, what are some best practices to follow?
never [62]

The practices tio follow when giving a spreadsheet a title is to make it

  • short
  • clear
  • state what it is about

<h3>What is a spreadsheet?</h3>

This is a document that is used electronically with the use of computers. This document contains data and information in all of its fields.

Spreadsheets are arranged to be in rows and also in Mathematical operations can be performed on them.

Read more on spreadsheets here:

brainly.com/question/25879801

6 0
1 year ago
Matt johnson delivers newspapers and is putting away ​$19 at the end of each month from his paper route collections. matt is 9 y
Andre45 [30]
FV=P({ \frac{ (1+r)^{n} -1}{r} )

Where, FV = Value in account after 9 years, P = periodic deposits, r=apr, and n=number of times the deposits are made.

In the this case,
P = $19 monthly, r = apr/12, n=9*12=108 months

For APR = 5%,
FV=19( \frac{ (1+0.05/12)^{108} -1}{0.05/12} ) = $2,584.82

Fro APR = 10.5%
FV=19( \frac{ (1+0.105/12)^{108}-1 }{0.105/12} ) = $3,392.34

For APR = 14.5%
FV=19( \frac{ (1+0.145/12)^{108}-1 }{0.145/12} ) = $4,180.98
4 0
2 years ago
Other questions:
  • A new barcode reading device has an installed cost basis of ​$20 comma 060 and an estimated service life of seven years. It will
    5·1 answer
  • Veronica's dress shop marks down a pair of shoes 15% when the customer purchases the shoes with a dress or pantsuit. the sale pr
    15·2 answers
  • 5. If you enter a road from a driveway, alley or roadside you must:
    8·2 answers
  • Crimson Corp. was organized as a calendar-year corporation in January, Year 1, incurring $51,000 in qualified organizational exp
    15·1 answer
  • Which of the following competitors mentioned in the textbook should the owner of a Wendy's restaurant monitor closely due to its
    15·1 answer
  • In addition to evaluating the vendors' responses from the formal rfp process, what other type of data collection for a leading c
    7·1 answer
  • An actor invests some money at 99​%, and 45000 more than four timesfour times the amount at 12%. The total annual interest earne
    5·1 answer
  • When pooling variances, the resulting value will be closer to the variance for the sample with the smaller number of scores.​?
    8·2 answers
  • What is globalization?
    8·2 answers
  • If the federal government requires the State of Oklahoma to install concrete barriers which line a road leading into a federal m
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!