Answer:
1) Citizens can own property.
2) Supply and demand drives production.
3) Consumers and producers make their own decisions.
4) Citizens can accumulate wealth.
Explanation:
Free enterprise are the system where market determine price, product and services not the government. It completely free of government control. They could refer to legal support in certain cases, however, commercial activity are controlled by market and private parties. It is more of capitalism than consumerism. Free enterprises are worked under set of legal rules for commercial interaction. It is operated under competition.
<span>A five-year, seven-volume study concluded by the Russell sage Foundation in 1999 found that the labor and housing markets are heavily influenced by racial stereotypes and attitudes. The study found that minorities were making less money and working less hours than whites.</span>
Answer:
$70.97
Explanation:
The computation is shown below:
Preferred stock current market price = Dividend ÷ Required rate of return
where,
Dividend is
= 5.5% × $100
= $5.5
And, the required rate of return is 7.75%
So, the preferred stock current price is
= $5.5 ÷ 7.75%
= $70.97
We simply divide the dividend by the required rate of return
Answer:
B. its fixed cost in both the short run and the long run.
Explanation:
As there is no production the fixed costs remains the same for short run and long run too, because there is no activity which might be used for these costs allocation in the short or long run. In the long run a fixed cost might behave as a variable cost if there is any activity involved. I the short run the fixed costs is considered as fixed whether there is any activity or not.