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djverab [1.8K]
11 months ago
7

Which statement best describes the difference between a market and traditional economy

Business
1 answer:
icang [17]11 months ago
4 0

Answer:  in a traditional economy, decisions are based on habit and custom

Explanation:

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Which sentence in the passage refers to the "analysis" of a given problem?
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Answer:

Last paragraph

Explanation:

Finally, Jeremey has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.

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Charter bank pays a 5.00% nominal rate on deposits, with monthly compounding. what effective annual rate (eff%) does the bank pa
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3 years ago
Use the information below for Jensen Company to answer the question that follow. Direct materials used $345,000 Direct labor inc
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Answer:

b.$995,000

Explanation:

Jensen Company

Direct materials used $345,000

Direct labor incurred 250,000

Factory overhead incurred 400,000

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Therefore Jensen Company's product costs is $995,000

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3 years ago
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Mack reynolds, the manager of the special products division, must decide whether to bid or not, and if intermodular semiconducto
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3 years ago
In 2010, the imaginary nation of Bovina had a population of 5,000 and real GDP of 600,000. In 2011 it had a population of 5,200
Evgesh-ka [11]

Answer:

Option (b) is correct.

Explanation:

In 2010,

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Population = 5,000

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In 2011,

Real GDP = 636,480

Population = 5,200

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= Real GDP ÷ Population

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= 122.4

Growth rate of real GDP per person during the year 2011:

= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100

= [(122.4 - 120) ÷ 120] × 100

= (2.4 ÷ 120) × 100

= 0.02 × 100

= 2%

It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.

Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.

6 0
3 years ago
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