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
Ronch [10]
3 years ago
12

Which of the following best describes how consumers make financial decisions in a market economy? A. The media forces consumers

to buy certain goods. B. They make choices based on their self-interests. C. The government tells consumers what to do. D. They always buy items that are the least expensive.
Business
1 answer:
notka56 [123]3 years ago
4 0

Answer:

B. They make choices based on their self-interests.

Explanation:

A market economy can be defined as the economy of a country where by the government has a minimal influence or intervention on how the market operates.

A market economy is regulated by the individuals that owns the businesses in that economy. These individuals have the ability to direct resources that they need from production to their firms and businesses.

A market economy is largely or greatly influenced and regulated by the rate of supply and demand. Consumers in a market economy have to sometimes paid a high price for the goods and services that they require. Consumers make financial decisions in a market economy by making their choices based on self interests.

A market economy is a very competitive economy because

a. the demand of goods and services by consumers have increased therefore this results in an increase in production of goods and services.

b. The producers tend to high innovative when producing this goods and services required by the consumers.

In a market economy, businesses and firms tend to have an increased of a very high rate of efficiency when producing goods and services such that they minimise or lower the cost of production while ensuring that they make high or huge amounts of profits.

You might be interested in
Retain the small predictable layers of risk and transfer the unpredictable catastrophic layer of risk. Does this statement promo
ELEN [110]

Answer:

Yes the statement does

Explanation:

Retaining small predictable layers of risk and transferring the unpredictable catastrophic layer of risk to a more capable body is a very good approach towards  promoting appropriate risk financing decision making, this is because

Financial risk decisions are decisions taken between alternatives i.e risks associated with business activities . it is more appropriate to take alternatives with a predictable layer of risk,that way it would be easier for the management to handle the risk associated with it, while transferring the unpredictable catastrophic layer of risk to a more capable body ,like the Insurance companies .

7 0
3 years ago
David wants to buy a pizza and go to the movies. However, he only has enough money to do one or the other. In order to decide wh
lyudmila [28]

I would go to the movies if it was up to me.

4 0
3 years ago
Read 2 more answers
When managers are flexible, creative and willing to learn from mistakes, they are addressing which aspect of emerging public iss
defon

Managers are handling complexity when they are adaptable, imaginative, and prepared to learn from mistakes.

Describe complexity.

According to the scientific theory of complexity, certain systems exhibit behavioral traits that are utterly outside the scope of any traditional examination of the system's component pieces. These phenomena, also known as emergent behavior, appear to be present in a variety of complex living organism-based systems, such as the stock market and the human brain. For instance, according to complexity theorists, a stock market crash is an emergent result of the activities of several individual investors on a complex financial system, just as human awareness is an emergent characteristic of a complex network of neurons in the brain.

to know more about complexity

brainly.com/question/4667958

#SPJ4

6 0
1 year ago
a. Simulation can be used to analyze large and complex real-world situations that cannot be solved by using conventional quantit
Ivan

Answer:

D). All of the above statements are correct.

Explanation:

Simulation can be described as the process designed to offer a realistic experience in order to know the actual mechanism of a specific behavior or outcome.

As per the question, 'all the given statements' are asserting true claims with respect to simulation. Simulation is characterized as <u>an effective process for evaluating large and complicated actual-world circumstances as it is a realistic environment to know the truth and actual causes behind those situations</u>. Such situations cannot be assessed truly using the traditional quantitative models of analysis. It is able to provide answers to the questions like 'what-if' as it observes the realistic nature and promotes effective decision-making. It is also <u>employed to investigate the collective effect of specific variables or components to categorize them as important or not-important as it closely observes every aspect</u>. Thus, <u>option D</u> is the correct answer.

3 0
3 years ago
Workers have been working in this unstable trench for several weeks. There is no shoring or sloping, and it's been raining off a
Lena [83]
The answer is A! Inspection
7 0
3 years ago
Read 2 more answers
Other questions:
  • A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
    13·1 answer
  • Total fixed costs for Taylor Incorporated are $260,000. Total costs, including both fixed and variable, are $500,000 if 156,000
    12·1 answer
  • Which government agency creates and enforces standards for workplace health and safety?
    15·2 answers
  • A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unproces
    12·1 answer
  • Ivanhoe Company sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is information relating to Ivanhoe
    8·1 answer
  • The Janissaries were___________.A)slave women who lived in the sultan's harem.B)Christian boys taken from conquered territories
    7·2 answers
  • The decline in Real GDP that occurs after the economy has peaked _____.
    9·2 answers
  • Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the tot
    15·1 answer
  • The following statements regard product differentiation in monopolistic competition. Label the following statements as being eit
    13·1 answer
  • The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!