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3 years ago

Under the __________ system there is very little incentive to work hard or to produce quality goods or services.

2 answers:

6 0

Communism is a type of political and social system. Under the Communism system, all the business has public ownership and the government has control over the businesses and the overall market. Due to the government regulation and rare private involvements under this system, there is a very little incentive to work or to produce quality goods and services.

Hence the answer is <u>Communism</u>

BlackZzzverrR [31]3 years ago

4 0

Answer:

The correct answer is: communist.

Explanation:

In a communist economic system the government controls the finances of the country acting as the central planner, dictation production quotas and distribution levels, and setting prices. This system is typical of countries such as China, Vietnam, Cuba and North Korea. One of the main issues that face this type of economy is the incentive problem because, as all the power relies on the government in the decision-making process, individual planners find few to none opportunities to execute their ideas within the market.

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What statement is most accurate in describing the trend in manufacturing in the United States?

lisabon 2012 [21]

The correct answer is : C. Manufacturing jobs in the U.S have declined significantly

A lot of companies choose to manufacture their products in a developed country like China, south America, or the South East Asia, since they have a cheaper source of material and they can get cheaper workers since their cost of living is lower than the U.S

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3 years ago

What is an opportunity cost of saving for the future?

LuckyWell [14K]

Answer:

The biggest opportunity cost regarding liquidity has to do with the chance that you could miss out on a prime investment opportunity in the future becse you can't get your hands on your money that's tied up in another investments.

Explanation

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3 years ago

Read 2 more answers

Measuring income inequality Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that

adoni [48]

Answer: Census data overstate Standard of living because no cash transfer are counted as income

Explanation:

The census being carryout by the government of the united state of America through the U.S bureau is to determine the inequality in income of the 60,000 to represent the population. This data may not be accurate because money transfered are not being recorded.

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3 years ago

The Molding Department of Sunland Company has the following production data: beginning work in process 25200 units (70% complete

pantera1 [17]

Answer:

b. 499200

Explanation:

Calculation to determine what the equivalent units of production for materials are:

Using this formula

Equivalent units of production for materials=Completed and transferred out units+ Ending work in process units

Let plug in the formula

Equivalent units of production for materials=449700units+ 49500units

Equivalent units of production for materials=499200

Therefore Assuming all materials are entered at the beginning of the process, equivalent units of production for materials are:499200

5 0

3 years ago

Assume that Leyia and Larry could be persuaded not to begin a family for another five years. What specific budgeting recommendat

xxMikexx [17]

Answer:

The budgeting recommendations will be cutting the expenses on feeding, groceries and every other expenses, in other to save over the next five years. This will prepare Leyia and Larry beforehand to begin a family and also, mitigate hosterity effects of their variable expenses financially for an anticipated $2,400 loss of income for 18 months as well as the expenses for the new baby.

Explanation:

Beginning a family can be a tough task for low income earners. Leyia and Larry will need to wait for five years and cut their expenses( Every expenses) over this waiting period of five years. By so doing, they will have saved enough money to carter for the expenses of new baby.

Also, a $2,400 loss of income, in 18 months is anticipated. Cutting of expenses over the period of five years will reduce the financial hardship effects on the family which Leyia and Larry will begin, after the stipulated five years.

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4 years ago