2 years ago

One of the biggest benefits of a market-based economy is

1 answer:

3 0

The answer for this question is: the ability to adapt quickly to change
In market-based ecnomy, the government put little to restriction about the decision made by the companies. One positive aspect of this would be that the market could quickly identify what products needed by the market and produce it to fulfill the demand

You might be interested in

Buyers of a good bear the larger share of the tax burden when the (i) supply is more elastic than the demand for the product. (i

mario62 [17]

Answer:

A. (i) only

Explanation:

4 0

3 years ago

At an annual effective interest rate of i, i > 0, the following are all equal: (i) the present value of 10,000 at the end of

iVinArrow [24]

Answer:

PV = 1414

Explanation:

The pictures attached below shows the full explanation for the problem and it is so explanatory. i hope it helps you, thank you

5 0

3 years ago

The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 eac

jasenka [17]

Answer:

increase in cost of living of 9.09%

Explanation:

The cost of living for 2016 is goven as

(10 pizzas*$10) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 100 + 280 + 60= $440

The cost of living from 2017 is

(10 pizzas*$14) + (7 jeans * $40)+ (20 gallons of milk * $3)

= 140 + 280 + 60

= $480

The percentage increase in cost of living between 2016 and 2017= (Cost of living in 2017/cost of living in 2016)* 100

= {480/440}* 100

= 109.09%

So there was a increase in cost of living of 9.09%

8 0

3 years ago

This question explores the calculation of the unemployment rate. You will be provided some imperfect employment data for four di

Alik [6]

Answer:

Unemployment rate= 0.13= 13%

Explanation:

Giving the following information:

Of these 95 individuals, 75 are in the labor force and 65 are employed.

To calculate the unemployment rate, we need to use the following formula:

Unemployment rate= unmeployed population / labor force

Unemployment rate= 10/75

Unemployment rate= 0.13

7 0

3 years ago

Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet

Tom [10]

Answer:

Explanation:

if its wrong than forsure d

7 0

3 years ago