1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tema [17]
3 years ago
5

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the

products most wanted by consumers would be to:
A. Permit government owned industries, such as telecommunications, transportation, and energy, and operate these firms as nonprofit organizations.
B. Allow private ownership of businesses, but make use of extensive regulation to force businesses to behave in a socially desirable way.
C. Allow entrepreneurs personal freedom to follow their own self-interest.
D. Impose high taxes on individuals, and use the revenue to subsidize businesses to encourage them to produce the maximum rate of output.
Business
1 answer:
evablogger [386]3 years ago
8 0

Answer:

The correct answer is C

Explanation:

The concept of the invisible hand, is the concept in which the unobservable market force, helps the supply and the demand of the goods to reach at equilibrium in a free market.

As per this concept, the best method for society in order to encourage the jobs creation and the production of products demanded by consumers would be to allow the personal freedom entrepreneurs to follow their self interest.

You might be interested in
LO 2.1Which of the following is the primary source of revenue for a service business?
malfutka [58]

Answer:

providing intangible goods and services

Explanation:

A service business is an organisation that provides services.

Examples of service businesses are airlines, insurance companies, and hospitals.

I hope my answer helps you

3 0
3 years ago
Read 2 more answers
Manufacturing costs from a scraped poor-quality product are $6000 per year. AN investment in an employee training program can re
romanna [79]

Answer:

We see that Prog A will give an annual CF of 75%*$6000 = $4500

Prog B will give annual CF of 95%*$6000 = $5700

Disc Rate Kd = 20%

So PV of Annuity of $1 for 5 yrs with Kd = 20% is 2.9906

So NPV of Prog A = CF0+CF1+ ....+Cf5 = -12000+2.9906*4500 = $1,458

So NPV of Prog B= CF0+CF1+ ....+Cf5 = -20000+2.9906*5700 = $(2,954)

So Prog A is more effective as it gives a Positive NPV

8 0
3 years ago
McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a cust
Liono4ka [1.6K]

Answer:

C. Debit Service Fee Expense for $6

Explanation:

McGregor only uses the services of the Credit Card company for their own activities, therefore, aside from the income of the service provided of $200, the credit card company will charge McGregor for the use of credit card services by the customer.

As such, since it is the decision of the customer to pay with a credit card, then the customer must bear the service fee expense of 3% of the cost of the service which is $6. Hence, Option C is correct. It means aside the $200 for the service, there is a need to debit service fee expense for $6

Option D is wrong because only $200 is service revenue, it has to be clearly stated that the 3% of $6 is different from the service revenue and should be debited as service fee.

If the customer is reluctant to make the payment, then there is an allowance to pay cash instead of using the credit card service.

5 0
3 years ago
John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D
ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities  

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC  December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

6 0
3 years ago
Carmela was promoted to a management position at work but was not fully prepared for the number of new responsibilities in the n
Sophie [7]

Answer:

EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.

Explanation:

Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.

Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.

Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.

Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.

Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.

4 0
3 years ago
Other questions:
  • Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: b
    5·1 answer
  • Callaghan motors' bonds have 10 years remaining to maturity. interest is paid annually; they have a $1,000 par value; the coupon
    6·1 answer
  • Ziegler corporation purchased 25,000 shares of common stock of the sherman corporation for $40 per share on january 2, 2017. she
    9·1 answer
  • Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services
    15·1 answer
  • One suggestion for effective teamwork is to resolve disputes _____.
    9·2 answers
  • On December​ 31, 2014​, Renda​'s common stock sold for per share. At that​ price, how much did investors say​ $1 of the​ company
    12·1 answer
  • In general Accounts are split into Personal Accounts and ImpersonalAccounts<br> True<br> False
    13·1 answer
  • The traditional economic framework assumes that people make rational economic decisions, that is, that they act in ways that max
    13·1 answer
  • Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment
    13·1 answer
  • On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies ove
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!