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3 years ago

What best describes the role of government in a free enterprise system?

Business

2 answers:

Ivanshal [37]3 years ago

8 0

Allows individuals to operate their businesses in ways they think will maximize their profits.

Natali5045456 [20]3 years ago

4 0

Allows individuals to operate their businesses in ways they think will maximize their profits. :) Hope this helps.

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Discuss the following statement: "If society decides to use its resources fully and efficiently (that is to produce on the PPF),

Varvara68 [4.7K]

Answer:

The validity of this assertion depends on the usage of these resources.

Explanation:

The answer to this question lies on how the available resources are spent. In a situation where resources are spent on the production of goods that have short lifespan of about 3 years with little or no capital production, it becomes a problem for future generations.

On the other hand, if a society uses the resources it has for the production of capital goods and for the sake of research purposes, future generations would benefit and be better off because economic growth would be faster.

8 0

4 years ago

Read 2 more answers

The following questions highlight how changes in numbers can be measured in both absolute and relative percentage terms. Two sto

Scilla [17]

Answer:

Absolute and Relative Percentage Terms

The promotional price of an antique music box at Annie's Attic is _$65_, and the promotional price of an antique music box at Betty's Breakables is _$60_.

Therefore, if you are in the market for an antique music box, you should buy it at _Betty's Breakables_.

The promotional price of a faux Ming vase at Annie's Attic is _$25_, and the promotional price of a faux Ming vase at Betty's Breakables is _$30_.

Therefore, if you are in the market for a faux Ming vase, you should buy it at _Annie's Attic_.

If the promotional price of a crystal candlestick is the same at the two stores, that means the non-discounted price of the candlestick must be __$60_.

Explanation:

a) Data and Calculations:

Annie's Attic Betty's Breakable

Promotional offers $15 25%

Non-discounted prices:

Antique music cost $80 $80

Faux Ming Vase $40 $40

Promotional prices:

Antique music $65 ($80 - $15) $60 (1 - 0.25) * $80

Faux Ming Vase $25 ($40 - $15) $30 (1 - 0.25) * $40

For the promotional price to be the same at the two stores, $15 will be equal to 25%, the two promotional offerings.

Therefore, the non-discounted price of the candlestick must be = $15/25% = $60

Annie's Attic = $45 ($60 - $15)

Betty's Breakables = $45 (1 - 0.25) * $60

6 0

3 years ago

Why is the safety of principal the primary consideration in a savings plan?

gulaghasi [49]

Answer:

In simple words, When it comes to conserving money, the most crucial factor to remember is the protection principle. When you save enough money beyond what you'll need for short-term objectives and emergencies, you'll have money to invest. Professionals advise saving one to two years' worth of account value in a contingency savings.

Thus, protecting principal is the core focus of the managers in savings plan.

3 0

3 years ago

Suppose Indiana produces only steel and corn, with fixed amounts of land, labor, and capital resources. Which of the following b

babymother [125]

Answer:

The percentage of Indiana residents with a college degree rises from 25% to 30%.

Explanation:

Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.

With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.

8 0

3 years ago

Paula, a single woman, transferred $2,000,000 to a GRAT naming her two sons as the remainder beneficiaries, while retaining an a

Lelechka [254]

Answer:

$1,140,000

Explanation:

A grantor retained annuity trust (GRAT) is used to lower taxes on financial gifts. After a certain time (it is not specified in the question) Paula's sons will receive the money left in the GRAT tax free.

To calculate Paula's taxable gift we have the total GRAT value minus the value of the annuity she retained for herself:

$2,000,000 - $860,000 = $1,140,000

5 0

4 years ago