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3 years ago

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Which of the following American groups benefited the most from China's turn toward capitalism?

1 answer:

castortr0y [4]3 years ago

8 0

Answer:

Which of the following American groups benefited the most from China's turn toward capitalism?

b. Consumers

Explanation:

In order to understand it completely, first of all there is need to understand what actually happens in Capitalism.

Capitalism is a system where private sector of a country holds most of its productions, organisations and businesses. Resulting in effective running of the organisations. Organisations reach their heights in attaining success resulting in high profits. Moreover, organisations goes global and start their operations internationally with their products and services, which consequently, will be beneficial for the international consumers. International consumers will be getting better products in very much competitive prices. So, the same happened with the American Consumers, they benefited the most from China's turn towards Capitalism.

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The principle of ____ in the products liability context holds that all merchant sellers of a defective and dangerous product are

saw5 [17]

Answer: Strict product liability

Explanation:

Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.

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We have the following data for a hypothetical open economy: GNP = $9,0009,000 Consumption (C) = $7,5007,500 Investment (I)

alexgriva [62]

Answer:

-$100 and -$1,500

Explanation:

The computation is shown below:

As we know that

Total saving = Private saving + public saving

where,

Private saving is

= Y - T - C

= $9,000 - $1,200 - $7,500

= $300

And, public saving is

= T - G

= $1,200 - $1,600

= -$400

So, the total saving is

= $300 - $400

= -$100

And, the value of current account balance is

= GNP - C - I - G

= $9,000 - $7,500 - $1,400 - $1,600

= -$1,500

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3 years ago

Which company would add the GDP of the United States?

Natasha2012 [34]

Answer:

b

Explanation:

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3 years ago

A pretzel-stand owner in Chicago hires workers to make hot pretzels and sell them to customers. If the firm is competitive in bo

lisabon 2012 [21]

Answer:

D. no control over either the price of pretzels or the wage it pays to its workers.

Explanation:

A competitive market is characterised by many firms that are price takers. Firms that are price takers have no influence over the price they charge for their products; prices are set by the forces of demand and supply.

If the market for pretzels are competitive, the firm cannot set the price for pretzels. If the pretzel stand owner increases the price for pretzels, consumers patronize other pretzel stand owners. There would be no incentive for the pretzel owner to reduce its cost because the pretzel stand owner would be reducing its revenue and reducing its profit

If the market for pretzel makers is competitive, firms have no influence on wages that can be paid to workers.Wages are determined by the forces of demand and supply. If wages are cut, workers move to other firms. There would be no incentive to increase wages because it would increase cost and reduce profit.

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3 years ago