1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoray [572]
3 years ago
7

Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for

the forces at work in a command economy? Explain your answer.
Business
1 answer:
7nadin3 [17]3 years ago
5 0
In economics, the invisible hand<span> is a </span>metaphor used<span> by </span>Adam Smith<span> to describe ... Smith </span>may<span> have come up with the two meanings of the phrase from Richard Cantillon ... In this </span>work<span>, however, the idea of the </span>market<span> is not discussed, and the word ... In alternative models, </span>forces<span> which were nascent during Smith's life, such as ... and ....</span>
You might be interested in
Which of these is a beneficial effect of monerans?
Marina86 [1]
You'll have to give me the options.
8 0
3 years ago
Domain name extensions occur _____ the period in the domain name.
Shalnov [3]

Answer:

after

Explanation:

Domain name extension is a TLD or top level domain.

For google.com the domain name extension is 'com'

This comes after the period.

8 0
4 years ago
Read 2 more answers
Suppose Sansa and Arya divide their time between making daggers and shields. It takes Sansa 6 hours to make a dagger and 3 hours
Alex

Answer:

a. Sansa: 5 daggers per week

   Arya: 10 daggers per week

b. Sansa's opportunity cost of making a dagger:  2 shields

   Arya's opportunity cost of making a dagger: 3 shields

c. Sansa

d. Arya

Explanation:

a. The maximum number of products made in a week is determined by dividing their weekly time capacity with the time demanded for each piece. So, to determine Sansa's maximum number, just divide 30 hrs / 6 hrs = 5. The same applies for Arya and shields too.

b. The opportunity cost is determined as the missed benefit when Sansa/Arya opts for one product. So, when Sansa chooses to dedicate 6 hours of her working time to make a dagger, she misses the benefits of having 2 shields, as she was able to make 2 shields for the same time frame (6 hours). The same applies for Arya.

c. Comparative advantage is determined by comparing the opportunity costs associated with each product and competitor. Since Sansa's opportunity cost in making daggers is lower than Arya's (2 shields compared to 3 shields), Sansa has a comparative advantage over Arya in making daggers.

d. Absolute advantage is determined as the ability of an individual to produce the same (or greater) number of output than the competitor, given the same time frame. It is evident that Arya has an absolute advantage over Sansa, as she can create more shields and daggers than her in the same time frame (30 hrs).

6 0
4 years ago
What is the difference between a market economy and a command
shusha [124]

Answer:

A. A market economy is determined by consumers and a command economy is determined by central authority.

Explanation:

A market economy is driven by customers in the form of demand and the sellers in market supply to satisfy the demand.

Command economy is driven by command, customers do not decide what to demand and when, only central authority supplies what they see fit.

7 0
4 years ago
Read 2 more answers
The business of renting specialized construction equipment is highly competitive. In 2010, your company, Franklin Property Group
Vanyuwa [196]

Answer:

To distinguish the purposes behind exchanging of customers to B&S , we will initially look at our shortcomings and escape clauses toward the important customers. It will give us a few nuts and bolts like estimating approaches, advantages to the customers, most grounded piece of our prompt rival, style of our service group and administrators.  

In the wake of knowing the potential reasons of clients changing to different business, I will begin improving our contributions. I will make a group of customer service officials who will cautiously contact the current just as more seasoned customers and cause them to guarantee to reorder with our business as our contributions have more favorable circumstances to them. We will offer them cost advantage, item's expanded advantages, restoration of their arrangements and necessities and entryway step conveyance and 24×7 hours services. I will give serious limits on mass request . Indeed, even , we will give them better credit offices which will pull in more customers to connect with our contributions.  

I feel that customers will again back for our goods and services . We will invite them again with improved items and administrations. I trust that the business turnover and piece of the overall industry of our association will expand step by step regarding our prompt rival.

3 0
3 years ago
Other questions:
  • MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company base
    5·1 answer
  • Which of the following statements is true?
    7·2 answers
  • Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $10; direct la
    13·1 answer
  • In January of 2018, the Falwell Company began construction of its own manufacturing facility. During 2018, $6,000,000 in costs w
    6·1 answer
  • What protects consumers against harm from products on the market? Franchises Profit Motives Private property rights Government R
    15·1 answer
  • Full from of polices .....?.....??????????..??​
    8·1 answer
  • Why should I prepare myself to be career-ready in multiple career clusters ? (3-4 sentences )
    12·1 answer
  • Will name brainliest
    14·2 answers
  • Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard r
    11·1 answer
  • During the decline stage of the product life cycle, Blank______ who have not yet tried the product or service will be entering t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!