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KiRa [710]
3 years ago
9

Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers. describe at least one re

ason why you think this system is best for consumers.
Business
1 answer:
Norma-Jean [14]3 years ago
7 0
The best economic system for consumers is market economy, this is because consumers are part of the forces that determines how the market operates.
Market economy is control by the force of demand and supply; what is demanded in the market is what the manufacturers will supply. In a market economy, there are many suppliers and consumers can buy from any one of them, if one of the suppliers increases his own price, consumers can easily go somewhere else to purchase at lower price. Thus, market economy  is favorable to the consumers.<span />
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What describes the <br> overall aims of a buiness organization?
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The answer is Mission statement.

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When determining the human resources needs for a well-known engineering firm, the HR director realized that the company lacked a
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8 0
3 years ago
Assume that the following data characterize the hypothetical economy of Trance: money supply = $200 billion; quantity of money d
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Answer:

a. What is the equilibrium interest rate in Trance?

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The quantity of moned demanded as an asset increases by 10 billion if the interest rate falls by two percentage points. Thus, if the interest rate falls 6 percentage points, the quantity of money demanded as an asset will increase by 30 billion, reaching 40 billion.

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b. At the equilibrium interest rate, what is the quantity of money supplied, the money demanded, the amount of money demanded for transaction, and the amount of money demanded as an asset in trace?

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The quantity of money demanded is 200 billion.

The amount of money demanded for transactions is 160 billion.

And the amount of money demanded as an asset is 40 billion.

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3 years ago
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