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

1 answer:

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>

You might be interested in

Herzberg s research purposefully directed managerial thinking to ___________. a concern for safety first develop supervisors wit

katen-ka-za [31]

The correct answer that would best complete the given statement above would be the last option. <span>Herzberg's research purposefully directed managerial thinking to </span>develop interesting jobs which might require problem solving and decision making. The aim of this research is to <span>help managers create jobs where employees would feel more fulfilled. </span>Hope this answer helps.

8 0

3 years ago

A dollar today is worth ______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more t

timofeeve [1]

A dollar in the present day is worth less than that of the dollar in the future, because of returns generated over reinvestment.

<h3>What is reinvestment?</h3>

A process of investing something, which is invested more than once after generating returns over it, is known as a reinvestment. A currency is the most widely reinvested class of asset, and generally its value appreciates.

Hence, the significance of reinvestment is given above.

Learn more about reinvestment here:

brainly.com/question/17206010

#SPJ1

5 0

2 years ago

Read 2 more answers

The goal of channels of distribution is to move products from producers to

Delvig [45]

Answer:

Final consumers

Explanation:

The goal of channels of distribution is to move products from producers to final consumers, that is, by bridging the gap between the producer and the consumer by bringing the product or service to the final buyer or consumer. Products and services may go through channel members known as intermediaries which include wholesalers, retailers, distributors.

7 0

4 years ago

A bank loaned out 19,000 part of it at 6% interest per year and the rest at 14% per year. if the interest recieved in one year t

Ksju [112]

Let x be the part of 19,000 that was loaned out at 6% such that the remaining 19,000 - x was loaned out at 14%. The interest is calculated by the equation,

I = P x i x n

where P is the principal amount, i is the interest, n is the number of years. Substituting the known values,

2000 = (x)(0.06) + (19000 - x)(0.14)

The value of x from the equation above is 8250.

Hence, 8,250 was loaned out at 6%.

6 0

4 years ago

What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?

NARA [144]

Answer:

see below

Explanation:

Opportunity cost is the value of the forfeited benefits as a result of making a decision in a certain way. Decision making involves choosing one item over others. The cost or value of the option not chosen is the opportunity cost. The value of the forfeited option is the opportunity cost.

In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test, or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.

6 0

3 years ago