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
soldi70 [24.7K]
3 years ago
15

Select all the items that describe a free market economy.

Business
2 answers:
Feliz [49]3 years ago
4 0
The items that describe a free market economy are  :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest

Hope this helps
sp2606 [1]3 years ago
4 0

Answer:

freedom for consumers and producers

competition between businesses

distribution by price

motivated by self-interest

Explanation:

Select all the items that describe a free market economy.

In a free market system ,there is an interaction between the forces of demand and supply. It is a market where prices are determined by private owners not rules and regulations by the government.

Items involved in a free market system are the following

a.freedom for consumers and producers

b. competition between businesses : The competition is free and fair for all

c .distribution by price : Distribution is by commodity prices

d. motivated by self-interest:  Free markets is usually motivated by the interest to supply goods and services to meet the needs of the society and in turn, when there is a demand for goods and services, then buyers will show up.

You might be interested in
PROBLEM 5 You have to design the system interconnection network of a multicomputer system. Your choices are to use an Omega or a
irina1246 [14]

Answer:

I will use the Omega network configuration if the economic factor is the determining one.

The total cost for the Omega network using the 4x4 switches will be $12,800, unlike the Butterfly network that can use the 16x16 switches that will cost $24,000.

Explanation:

The Omega network configuration will use the 4x4 switches which cost $50 each.  The total number of switches required = 4,096/16 = 256.  The total cost for 4x4 switches = 256 * $50 = $12,800.  This is better than the Butterfly network configuration that can use the 16x16 switch, costing $1,500 x 16 (4,096/256) = $24,000.

5 0
2 years ago
Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for t
damaskus [11]

Answer:

      Journal Entry for establishing a Petty cash fund

Date      Particulars     Debit      Credit

Jan 1      Petty cash A/c     $270  

                    To Cash A/c                  $270

            (Being Petty cash fund established)

Journal Entry for reimbursement of petty cash

Date      Particulars             Debit      Credit

Jan 8     Postage A/c                  $36  

             Transportation A/c        $13  

             Delivery Expense A/c   $15  

             Miscellaneous Exp A/c $25  

                    To Cash A/c                           $89

            (Being reimbursement of petty cash expenses

             incurred from petty cash fund)

Journal entry for Increasing the limit of Petty cash fund

Date      Particulars             Debit      Credit

Jan 8     Petty Cash A/c             $50  

                   To Cash A/c                             $50

        (Being Petty cash fund limit extended to $320 i.e., we have

          to add $50 to existing fund in order to make it $ 320.)

6 0
2 years ago
Why do we need government support?
MrRa [10]

Answer:

Government is necessary because it keeps order and people from doing whatever they want

Explanation:

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

3 0
3 years ago
Read 2 more answers
Before year-end adjusting entries, Dunn Company's account balances atDecember 31, 2017, for accounts receivable and the related
mixas84 [53]

Answer:

b.$1,375,000

Explanation:

Dunn Company's

Allowance for uncollectible accounts $1,500,000

Less Accounts receivable expected to be Uncollectible $125,000

Net Realizable value of account receivable $1,375,000

Therefore the net realizable value of accounts receivable after adjustment will be $1,375,000

5 0
2 years ago
In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with p
weqwewe [10]

Answer:

C. 13.7

Explanation:

First, we look for the unemployees who seek and want a job

100 people

-10 U-16

-10 retired

-63 employeed

-  7 unemployeed but not seeking for job

10 unemployeed who wants and seeks for a job.

<em>unemployement rate: unemployes / labor force </em>

<u>where:</u>

labor force = employees + unemployees

10 + 63 = 73

unemployement rate = 10/73 = 0.136986 = 0.137

4 0
3 years ago
Other questions:
  • Bramble Corp. purchased land as a factory site for $1350000. Bramble paid $124000 to tear down two buildings on the land. Salvag
    6·1 answer
  • On January 2, 2020, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000. Ranger's net income
    15·1 answer
  • On July 15, 2018, the Nixon Car Company purchased 1,100 tires from the Harwell Company for $50 each. The terms of the sale were
    6·1 answer
  • Privacy concerns dictate that?
    10·2 answers
  • The adjusted trial balance of Concord Company shows the following data pertaining to sales at the end of its fiscal year, Octobe
    13·1 answer
  • If the donor dies in the year in which a gift is made, the gift tax return
    9·1 answer
  • Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co
    11·1 answer
  • Use the data provided on Cadbury to answer the question below. The risk free rate is​ 4.25%. The expected return on the market p
    13·1 answer
  • Development of most new drugs, from discovery to marketing approval, usually takes ________.
    11·1 answer
  • Corporate-level managers use ______ to summarize sales by region, current inventory levels, and other company-wide metrics all i
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!