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Kryger [21]
1 year ago
4

An economic system is:____.

Business
1 answer:
Andrej [43]1 year ago
7 0

An economic system is a mechanism to allocate scarce resources.

Resources are all materials available in our environment that are technically accessible, economically feasible, culturally sustainable, and that help meet our needs and desires. point.

Resources are things that are useful and add value to your life. All things that exist in nature and are useful to humankind, such as air, water, food, plants, animals, minerals, and metals, are “resources.” The value of each of these resources will vary depending on their usefulness and other factors.

Resources are all available in our environment that are technically accessible, economically viable, culturally sustainable, and help meet our needs and desires. refers to the material.

Learn more about resources here:brainly.com/question/24514288
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If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay t
dimaraw [331]

Answer:

A. Stay the same

Explanation:

We need to compare the rate of price change and the rate of inflation.

Rate of price change =    <u> $12 - $10</u>   x 100

     $10

=2/10 x 100

=0.2 x 100

=20%

inflation rate= <u>CPI year 2​- CPI year</u> 1    x 100 %

                           CPI year 1​​

  =180 -150    x 100

   150

=30/150 x 100

=0.2 x 100

=20%

The price change are the inflation rate are the same.The real wages will stay the same

4 0
3 years ago
Read 2 more answers
Financial risk refers to the extra risk stockholders bear as a result of the use of debt as compared with the risk they would be
Fed [463]

Answer:

A.True

Explanation:

A financial risk is the risk that could arise through borrowing. If an entity  borrows money, it will have to pay the money back at some time, and will also  have to pay interest. The risk is that if an entity borrows very large amounts of  money, it might fail to generate enough cash from its business operations to pay  the interest or repay the debt principal.

So based on the above discussion, the answer is A.True

8 0
4 years ago
A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a
Archy [21]

Answer:

A

Explanation:

8 0
4 years ago
Suppose you have the following disposable income and consumption data for an economy, as shown in the table below.
forsale [732]

Answer:

Consumption is a key component in the calculation of GDP and refers to how much money out of disposable income is spent by households on goods (both durable and non-durable) and services.

Disposable income is how much money households have after taxes. Their consumption and spending come from here.

Whatever is not spent is saved. Savings are therefore calculated as;

Savings = Disposable income - Consumption

Savings for the above are therefore,

$20,000 - $22,000 = -$2,000

21,000 - 22,500 = -$1,500

22,000 - 23,000 = -$1,000

23,000 - 23,500 = -$500

24,000 - 24,000 = $0

25,000 - 24,500 = $500

26,000 - 25,000 = $1,000

27,000 - 25,500 = $1,500

28,000 - 26,000 = $2,000

8 0
3 years ago
Aggregate supply (as) denotes, while holding the price of inputs fixed, the ________ that firms choose to produce and ________.
Sedbober [7]

Aggregate supply (as) denotes, while holding the price of inputs fixed, the <u>price level of output</u> that firms choose to produce and <u>GDP.</u>

<h3>What is aggregate supply?</h3>

Aggregate supply is when goods and service produced or manufacture are made available to buyers  or can be defined as the amount of goods produce and supply to the market at particular period of time.

Aggregate supply can tend to increase in a situation were the price of goods and services decrease or when the price of product fall.

Therefore, Aggregate supply donate, while holding the price of inputs fixed, the price level of output that firms choose to produce and Gross domestic product (GDP).

Learn more about Aggregate supply here:brainly.com/question/11889136

brainly.com/question/25749867

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6 0
2 years ago
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