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3 years ago

When there is no government involvement in answering the three basic economic questions this is which economy?

Business

1 answer:

Dmitry_Shevchenko [17]3 years ago

6 0

When there is no government involvement in answering the three basic economic questions this is Market Economy.

Market

Explanation:

When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.

Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.

There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.

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In its first 10 years a mutual fund produced an average annual return of 20.4420.44%. Assume that money invested in this fund c

mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period

where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1 × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

ln2 - time period ln (1.2044)

So,

time period = ln(2) ÷ ln (1.2044)

= 3.73 years or 4 years approx

3 0

3 years ago

Will the current market situation cause the price to go up, go down, or stay the same?

dusya [7]

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

5 0

3 years ago

Allocation of resources is inefficient only if:________

weqwewe [10]

Answer:

 we produce the goods and services that people value less

Explanation:

Remember, an inefficient activity is one that fails to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing laptops. However, it later determined that the allocated resources were inefficient since most consumers according to a survey now prefer tablet computers. The company received low sales volume as result.

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3 years ago

Flipco signed a 15-year note payable on January 1, 2018, of $900,000. The note requires annual principal payments each Decemb

MrMuchimi

Answer:A debit to interest expense for $36,000

Explanation:

interest expense= 800,000-80,000 = 720,000 5% 12/12

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2 years ago

the general recommendation for adults is ____ steps per day.

Mrac [35]

It would have to be 20000

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3 years ago