Answer:
C)capitalist
Explanation:
Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.
The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.
Answer:
Explanation:
1. 28/11 Debit: Bank. $4,500
Credit: deferred Rev $4,500
Being advance pmt for services
2. 01/12 Debit: advert exp $900
Debit: Ad Prepaym. $1,800
Credit: Bank. $2,700
Being payment for advert
3. 31/12 Debit: Salary payable$8000
Credit: Salary Exp. $8000
Being Accrued salaries
4 31/08 Debit: Bank. $70,000
Credit: Loan A/c. $70,000
Being bank loan borrowed
5. 31/12 Debit: into on loan $2,100
Credit: Bank. $2,100
Being accrued interest on loan borrowed.
Answer:
The correct answer to the following question will be "$1.04/C$1".
Explanation:
The given values are:
U.S's spot rate = $1/C$1
Rate of inflation = 4%
Now,
According to Relative PPP, As Canada will have lower unemployment or inflation, its currency would appreciation by the gap in society, thus by 4%.
Hence,
New rate =
= $
The kind of table which lists the quantity of a good that an individual person will buy at different prices is the market demand schedule.
Answer: Option D
<u>Explanation:</u>
A market demand schedule, is therefore a table of lists that lists the quantity of a good that a consumers will buy at every different prices in a market.
A market demand schedule, thus, for a product, indicates that the relationship between the quantity demanded of the product and the price of the product which is in inverse relationship.
The similar term is the demand schedule which enlist the quantity of the goods or product which is demanded at various prices in the market.
The difference lies between the market demand schedule and demand schedule is the process of buying as the quantity demanded and the quantity of goods that will be bought.
Answer:
4. should consume less of X and more of Y.
Explanation:
Marginal Utility is defined as the satisfaction that an individual gains after consuming additional units of a certain goods or services.
In the given scenario there are two products X and Y. The price of X is higher than Y. The product X takes more time to consume than of product Y. The consumer should make a combination to maximize its marginal utility. The time to consume a unit worth $2 per hour therefore the consumer should focus consuming more of Y and less of X to save its time to consume the unit which will result in maximizing its marginal utility.