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olya-2409 [2.1K]
3 years ago
12

What elements of free enterprise does the us economy include?

Business
1 answer:
Lyrx [107]3 years ago
6 0
<span>Free enterprise belongs to the economic system where the private means of production are used to obtain direct benefits from it to produce to the consumers and to obtain benefits for the owners. The main elements of a private enterprise are ownership and production, including the capital.</span>
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The johnsons are in an auto accident with a driver who lives near them in the same town. no one is injured and the johnsons' car
jek_recluse [69]

The Johnson's can't sue the driver in the Federal Court because the Johnson's live in the same state (since the driver lives near the Johnson's in the same time) and the damages ($5,000.00) are too small.  

6 0
3 years ago
Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others t
Eddi Din [679]

Answer:

<u>e. All of the above.</u>

Explanation:

Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.

<em>Remember, </em>Amazon is a marketplace;<em> </em>since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.

3 0
3 years ago
If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much w
mr Goodwill [35]

Answer:

Government spending would have to change by <u>$1.6 billion</u>

Explanation:

The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.

Since from the question, we have:

MPC = Marginal propensity to consume = 0.75

The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:

Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0

Therefore, we have:

Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion

Therefore, government spending would have to change by <u>$1.6 billion</u> to generate $400 million increase in real GDP.

6 0
3 years ago
Making counterfeit copies of Gucci purses, Tommy Hilfiger sportswear, and other international brands is pervasive in some countr
Arlecino [84]

Correct question: Making counterfeit copies of Gucci purses, Tommy Hilfiger sportswear, and other international brands

is pervasive in China because laws protecting intellectual property are unclear and sporadically enforced. Even when sanctions are applied, sanctions are minimal, typically consisting of confiscation, a warning, a public apology, and perhaps a fine. Moreover, copying enjoys a long tradition in China and does not carry a stigma. A business introducing a product into China needs to know that its ___________ may lead to trademark infringements.

A. religious precepts

B. antecedent states

C. moral idealism

D. societal culture and norms

E. utilitarianism

Answer:

D, societal culture and norms.

Explanation:

because copying doesn't exactly have a law forbiding it but rather that it is seen as a form of art in china, the societal culture and norms of china makes it a normal for any new business coming into the country to resigns its fate to having copies of its products flooding the chinese market as soon as possible and such company can't sue for intellectual or copyright infringements.

6 0
3 years ago
Which statement would be MOST important to include in a summary of the section "Karl Marx"? Marx theorized that capitalists woul
TEA [102]

The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.

<h3 /><h3>Who was Karl Marx?</h3>

He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.

Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.

Find out more about Karl Marx here:

brainly.com/question/1092276

#SPJ1

5 0
1 year ago
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