Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
Answer:
Total number of copies that buy each morning is Q = 357.96
Explanation:
Given Data:
cost of per copy = $0.30
Buying cost for paper =$1.50
standard deviation = 57
mean = 285
service level = 0.80
z value for 80% is 1.28
Therefore total number of copies calculated as
Q = 357.96
Answer and Explanation:
The journal entry to record the impairment is as follows:
Loss on impairment of equipment $223,000 ($583,000 - $360,000)
To Accumulated depreciation- Equipment $223,000
(Being the impairment is recorded)
Here the loss would be debited as it increased the losses and accumulated depreciation is credited as it decreased the assets
Answer: True
Explanation:
Foreign produced goods being sold in the United States are considered to be Imports. Imports are a leakage to the GDP of a nation as they represent income which flows out of the economy to other countries.
For this reason this income is subtracted from US GDP.
Indeed the Expenditure method accounts for this by deducting it from US Exports.
Answer:
c. nominal variable
Explanation:
Nominal variable is a variable that hasn't been adjusted for inflation. E.g. price level
Nominal variable = real variable + inflation rate
Real variable are variables that have been adjusted for inflation rate. E.g. real GDP
Real variable = nominal variable - inflation rate
Relative variable is the value of a variable in terms of another variable. E.g. comparative advantage
Dichotomous variable are variables that can take on either two values when measured e.g. gender
I hope my answer helps you.
