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olga2289 [7]
2 years ago
14

In a market economy the three basic economic question are most often answered by which two groups?

Business
1 answer:
tatyana61 [14]2 years ago
8 0
The three basic economic questions include the following: "What to produce?"<span> "How to produce?" and "For whom to produce?" There are also three types of economic system as classified by economists and one of them is the market economy. In a market economy, the three basic economic questions are most often answered by the consumers. Hope this helps.</span>
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Which of the following is considered a cause of inflation?
inn [45]

Inflation means- A general increase in prices and fall in the purchasing value of money.

So if you think about the question and the definition, what answer involves the money going down and or up significantly?

The answer would be,

B, Producers raise prices to meet HIGHER cost.

          Hope this helps :)

8 0
3 years ago
Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci
Rufina [12.5K]

Answer: Option A

Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.

In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.

Hence, option A is correct.

6 0
2 years ago
Marcie frequently requests meetings between her team and counterparts in portland. she often spots issues that will affect both
Lesechka [4]
<span>Marcie is being a leader, but is playing a task role for her team. She is concentrating on what the team needs to get the job or tasks completed. Her behavior is a proactive approach to keep this process running smoothly with no surprises.</span>
6 0
2 years ago
Identify the accoun title.
hammer [34]

Answer:

1. On formation of new Company and receipt of cash of $ 12,000 from shareholders

Cash Dr    $ 12,000

To Share capital Cr $ 12,000

2. On purchase of truck for $ 18,000

  Truck A/c Dr $ 18,000

To Cash    Cr    $ 18,000

(Though list price of truck is $ 21,000, but in accounts only the purchase price will be recorded as its cost borne by the company.)

3. On payment of dividend in cash

Dividend A/c    Dr $ 10,000

  To Cash Cr    $ 10,000

4. On purchase of land

Land A/c Dr $ 50,000

To cash    Cr    $ 50,000

( On purchase of land on payment of $ 50,000).

There is another method of accounting of land value based on valuation by appraiser. If Company wants to record based on valuation by Appraiser, the accounting will be recorded as under:

Land A/c Dr    $ 55,000

To Cash    Cr    $ 50,000

To gain on purchase of land    Cr $ 5,000

5 On declaration of dividend

Dividend A/c Dr    $ 1,100

  To Dividend Payable A/c Cr $ 1,100

On payment of dividend after 60 days

Dividend payable A/c    Dr    $ 1,100

To Cash    Cr $ 1,100

6. After each month wages will be due to its workers, then accounting entry will be recorded as under

Wages A/c    Dr    $ 5,600

To Wages payable A/c    Cr $ 5,600

After two weeks, on payment of wages, the accounting entry will be recorded as under

Wages payable A/c    Dr $ 5,600

  To cash Cr    $ 5,600

Explanation:

7 0
2 years ago
Which of the following actions would improve your credit score
s2008m [1.1K]
If this question has the same set of choices like the previous ones, the answer is:
<span>Paying off your credit card bill.
</span>A credit score is a numerical expression  of a person's credit files, to represent his creditworthiness <span>based on a level analysis. Paying off your credit card bill would improve your credit score. </span>
3 0
3 years ago
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