Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
Answer:
All of the above
Explanation:
The economic order quantity refers to find out the size of order by minimizing the total cost i.e carrying cost and the ordering cost. It also tells when to place an order plus it is very sensitive to change the demand or estimation of the cost
The formula to compute the economic order quantity is
Hence, the all of the above option is correct
Answer:
The correct option is option e)
not trade movie tickets for basketball tickets because his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Explanation:
The cost of one movie ticket is $8 then Bills' four tickets will be $32.
The cost of a basketball ticket is $28.
Therefore if bill should trade 4 movie tickets for a basketball ticket he will make a loss of $ 4 so it is advisable for bill not to trade movie ticket for basketball ticket. And again his marginal utility per dollar spent on movie tickets is greater than his marginal utility per dollar spent on basketball tickets.
Answer:
Increase; increase.
Explanation:
Inflation can be defined as the persistent rise in the price of goods and services in an economy.
A low home inflation rate relative to other countries would increase the home country's current account balance, other things being equal. Low growth in the home income level relative to other countries would increase the home country's current account balance, other things being equal. A country's current account balance is a statement of the value of its exports and imports of goods and services at a specific period of time.
<em>Hence, when the level of inflation is low in a particular country; their current account balance would be high. However, when the level of inflation is high it results in low growth and as such increases the home country's current account balance, other things being equal. </em>
