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Tomtit [17]
3 years ago
9

In a command economy, the head of each household makes the fundamental economic choices such as what to produce and how to produ

ce output.
A) True
B) False
Business
1 answer:
uysha [10]3 years ago
8 0

Answer:

B) False

Explanation:

In a command economy, the government makes the fundamental economic choices such as what to produce and how to produce output.

The government also owns means of production.

I hope my answer helps you

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The economy begins in equilibrium at point E, representing the real interest rate r 1 at which saving S 1 equals desired investm
andreyandreev [35.5K]

Answer:

hello below is the missing diagram needed for the question

answer : point B

Explanation:

when there is a technological innovation that increases the demand for investment and goods the real interest rate,savings and investment will take a positive outlook i.e take a shift to the right , this is due to the increase in investment and a corresponding increase in demand by consumers

Technological innovation are very vital for the expansion of production by companies and firms who provide either goods or services

4 0
3 years ago
18. A company is in its first month of operations. On January 15, the company receives $600 from customers who will receive 10 v
Amiraneli [1.4K]

Answer:

The adjusting entry at the end of January:

Debit Unearned revenue: $480

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Explanation:

When recceived $600 on January 15 from customer, the company must record:

Debit Cash: $600

Credit Unearned revenue: $600

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On January 31, the company provided 8 lessons, so the company must recording revenue for these lesson (8x$60=$480) by adjusting entry.

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3 years ago
How are goods produced? Determines:a) who receives the goods that are produced. b) how tastes and preferences are determined. c)
kvasek [131]

Answer:

c) how resources are combined in the production of goods.

Explanation:

In order to meet the unending needs and wants of consumers, to satisfactorily provide products that meets their requirements, tastes or preferences various manufacturing companies use five (5) main methods of production, and these are; labour-intensive production, mass production, batch production, capital-intensive production and job production.

Generally in Economics, the question of how goods are produced, determines how resources are combined in the production of goods.

This ultimately implies that, before a manufacturer produce its goods it determines the amount of resources that are available. These resources that are to be combined for the purpose of production of goods are <em>entrepreneur, land, labor, and capital</em>, which are generally referred to as the four (4) factors of production.

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How does specialization benefit both producers and consumors in a free market economy?
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<span>Through specialization, both producers and consumers benefit. On the producer side, specialization allows producers to best use their resources in the most efficient manner possible by playing to their strengths, thus maximizing profit. On the consumer side, the fact that producers are specialized and thus efficient in their production ensures lower production costs than if products were made by less-specialized producers, translating into lower consumer-facing prices.</span>
7 0
3 years ago
True or False Question
Len [333]

Answer:

true

Explanation:

jhonny sins approved this message

3 0
2 years ago
Read 2 more answers
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