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4 years ago

9

A predominant, and often conservative, view of the world economic system today holds that the free market is the ideal mechanism

for ensuring that economic growth is optimal. this same view eschews the role of government. this view is referred to as

1 answer:

Simora [160]4 years ago

5 0

Laissez-Faire Economics?

It's an economic system where the free market exists without government intervention.

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Which one of the following is correct about variable costing systems?

IgorLugansk [536]

Answer:

C nag sa got ko sa yo yang C DAHIL SA VARIABLE

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3 years ago

. The income elasticity of demand for medical care is 1.35. This implies that: a. if income decreases by 1%, the quantity demand

Andre45 [30]

Answer:

The correct answer is a).

Explanation:

The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.

If the income elasticity of demand for medical care is 1.35,

<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.

<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.

<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.

<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.

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3 years ago

Reference to the economic integration of less developed nations into the structures of a world economy (World System Theory), __

kumpel [21]

Answer:

core regions

Explanation:

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4 years ago

Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t

IrinaK [193]

Answer: Please see answer below

Explanation:

<u>Oil Reserve </u>$3,000,000 for year 1, 2, 3

<u> Accumulated Depletion </u>

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

<u>Oil Reserve</u>

Year 1 =$3000000- $600,000=$2,400,000

Year 2, $3,000,000- $2,400,000=$600,000

Year 3= $3,000,000 -$3, 000,000=$0

<u>Net Oil Inventory</u>

Year 1= $600,000

Year 2 $2,400,000

Year 3= $3,000,000

Year 1 Year 2 Year 3

Oil Reserve $3,000,000 $3,000,000 $3,000,000

Accumulated Depletion $600,000 $2,400,000 $3,000,000

Oil Reserve, $2,400,000 $600,000 $0

Net Oil Inventory $600,000 $2,400,000 $3,000,000

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4 years ago

As marleen got out of her car in the parking lot of her local grocery store, a homeless woman approached her and asked for money

TiliK225 [7]

Th e answer is esketiiit

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3 years ago