Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
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Answer:
Franklin D. Roosevelt was the 32nd President of the United States of America during the term that took place between 1933 to 1945. His administration addressed the crisis caused by the dust bowl on the Great Plains by making sure New Deal agencies were placed there and focused on working to restore the soil and establish sound farming practices in the areas that were devestated.
Answer:
Trust: names beneficiary at the time of death
Irrevocable Trust: Avoids all taxes, transfers assets over immediately to beneficiary, requires beneficiary's permission for changes.
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This sentence is correct for defining cultures. We can see the clear differences with the cultures around the world. Comparing latinoamerican cultures with asian cultures for examples, gives us an idea of the result of specific groups living in an specific place.
The Lunar Society meet monthly during a full moon to have a lavishly large conversations and debates and gather. They used the Lunar Room on a full moon to have advantage of all of the light possible.
