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2 years ago

Buyers and sellers negotiate prices for goods and services through supply and demand in a(n) ________ economy.

1 answer:

7 0

Buyers and sellers negotiate prices for goods and services through supply and demand in a market economy, as well as as the quantities of those goods.

<h3>What is market economy?</h3>

The economic system known as market economy relies on the law of supply and demand, which states that, when the price of a product is raised, its supply increases but the demand decreases. On the other hand, if the price is lowered, the supply decreases while the demand increases.

In other words, buyers and sellers are constantly negotiating prices in a market economy, even if it is indirectly. Think about a product you buy often, such as milk. If the price is raised, you and many others may end up not buying milk for a while. Precisely because you stop buying milk, the producer will eventually lower the price, so you start buying milk again.

With the information above in mind, we can conclude that the correct answer for this question is market economy.

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Perhaps the most important reason that u.s. companies have moved industrial production abroad is?

nignag [31]

Perhaps the most important reason that u.s. companies have moved industrial production abroad is that the labor of the other nation is paid the low wages than the labor wages in US.

Job outsourcing occurs when U.S. companies hire the foreign workers instead of Americans.

Job outsourcing can help American companies to compete in the economy by keeping prices low, but simultaneously it has a negative effect on

America has lost local jobs to different countries labor such as China, Mexico, India, and other countries with lower wage standards.

Companies outsource domestically as well , they do not rely on the other countries completely U.S. employment but they have been increasing their reliance on freelancers or temp workers, as well as the part-timers.

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2 years ago

Reba dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2017. she is 45 years old and has been divorced for

dezoksy [38]

Explanation

Alimony received: $1,200 per month × 12 months = $14,400

Gift from mother = $3,000 gift excluded from income

Disability insurance payments: $800 of $2,000 (40%) of payment excluded because taxpayer paid 40% of premium on insurance policy = $1,200

Moving expenses: $2,010 (for moving company) + $200 (for lodging) + $242 for mileage (1,426 miles × .17 cents per mile) = $2,452

Medical expenses: $6,445 − $6,385 [10% × (3)] = $60

Casualty loss deduction: $900 − $100 = $800 − $6,385 [10% × (3)] = $0

Personal and dependency exemptions: One personal and one for Heather. See Note A. below (2 × $4,050) = $8,100

Tax on taxable income: See head of household tax rate schedule; $1,335 + $4,955.70 [15% × ($46,388 − $13,350)] = $6,291

Note A. The first question we have to answer to determine Reba’s filing status is whether she can claim Heather as a dependent. If so, she may qualify for head of household filing status. If not, she will file a single taxpayer.

Does Heather qualify as Reba’s dependent? Yes, as analyzed below.

TestIs Heather a qualifying child of Reba?RelationshipYes, daughterAgeYes, under age 24 and a full- time student (and younger than Reba).ResidenceYes, Heather had the same principal residence as Reba for the entire year.SupportYes. Heather did not provide more than half of her own support. Her scholarship does not count as support she provided for herself because she is Reba’s child.

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4 years ago

There is an upside to linking the s&op process with supply chain partners. for one thing, __________ can help firms do a bet

Tcecarenko [31]

I am not sure I will notify you when I know

7 0

4 years ago

Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip

docker41 [41]

It will decrease because the marginal productivities of workers will decrease. Diminishing marginal product occurs when the marginal product of an input goes down as the quantity of the input goes up. The transformation in product resulting from employing one more unit of a particular input for instance, the change in output when a firm's labor is mark up from five to six units, assuming that the mass of other product are kept constant is called The input of marginal product or marginal physical product.

5 0

4 years ago

Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s

UNO [17]

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

4 0

3 years ago