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jolli1 [7]
3 years ago
7

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Customaria, a nation with a pure tr

aditional economy (an economy molded largely by custom or religion).
Which of the following would you include in your report as weaknesses of Customaria's economy? Check all that apply:

_ There is little cooperation, relative to other economies.

_ The participants in the economy are slow to adopt new beneficial technologies due to previous customs.

_ People express more dissatisfaction with their lives than those in other economies.

_ Occupational choices can be restricted.
Business
1 answer:
zavuch27 [327]3 years ago
7 0

Answer:

There is little cooperation, relative to other economies.

The participants in the economy are slow to adopt new beneficial technologies due to previous customs.

Occupational choices can be restricted.

Explanation:

<em>Traditional economies</em> are old economy types that rely mainly on barter as a a mean of exchange. Their customs and tradition hinder changes related to technology, showing high resistance to change. Since economy is mainly based in the primary economy sector, occupational choices are usually limited for inhabitants.

There is the absence of international trade, as barter is the reigning exchange method done only inside the country.

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EB5.
lord [1]

Answer:

                                    $

Material used            2,500                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Direct labour             5,000

Overhead applied    200

Cost of goods sold   7,700                                                                                    

Explanation:

The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200       represents the overhead applied.                                                                                                                                                                                                                                                

7 0
3 years ago
A _____ is an ability or accomplishment that makes someone suitable for a particular activity or job.
grin007 [14]

The answer to your question is,

Qualification.

-Mabel <3

3 0
3 years ago
Read 2 more answers
Eugene Co. has inventory it purchased for $6,000. It sells the inventory to a customer for $10,000, including installation. Inst
Scrat [10]

Answer:

The necessary entries would be:

Dr Accounts receivable             $11,000

Cr Sales revenue                                     $10,000

Cr Deferred revenue                                $,1000

Explanation:

Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.

This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the  later would be recognized when is installation is concluded.

5 0
3 years ago
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Ostrovityanka [42]

Answer:

False

Explanation:

In a command or planned economy, the factors of production are owned and controlled by the government.  The government makes all the significant economic decisions such as production, distribution, and pricing.  

The government prepares a central plan for the entire economy. The plan determines the production level, the goods and services to be produced, and their prices.  The central government employs all workers. The private sector does not exist.

8 0
3 years ago
Could someone help me please?!
never [62]
Help whit what business do you have 
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