All categories

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

<u>Explanation:</u>

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.

You might be interested in

their major products, the plastic container. Budgeted quantity Budgeted price Direct materials 0.25 pounds $30 per pound Direct

pshichka [43]

Answer:

Total Material cost variance $5,600 favorable

Explanation:

<em>The direct matriculate total variance is he difference between the standard material cost for the actual output achieved and the actual material cost of the same output</em>

Standard materiel cost per unit = 0.25 × $30 = $7.5 per unit

5,000 units should have cost (5000× $7.5) = 37,500

but did cost (actual cost 1,000 × $29 <u> 31,900 </u>

Total Material cost variance <u> 5600</u> favorable

3 0

3 years ago

Company X has a good whistle-blowing program in place. Sara used the whistle-blowing system to alert management about a fraud be

dedylja [7]

Answer:

lack of anonymity

Explanation:

According to my research on whistle-blowing systems within organizations, I can say that based on the information provided within the question the major issue that the program seems to have is a lack of anonymity. All whistle-blower systems are designed to be completely anonymous so that anyone who uses the system to do the right thing and report people who are breaking the law or rules are not mentioned and face backlash from co-workers. Apparently, the system that Company X is either not anonymous or is not adhering to the anonymity policy.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago

Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed perso

mr Goodwill [35]

Answer:

107,500

Explanation:

The civilian non-institutional population can be divided into two groups;

1)Individuals in the labor force

11) Those not in the labor force

Those in the labor force will include the employed and the unemployed.

In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.

I.e., 132,500 + 10,000 = $42,500

Those not in the labor force will be the population - those in the labor force.

I.e., 250,000-142,500= 107,500

Those not in the labor force will be 107,500

6 0

3 years ago

Because cash transactions occur more frequently than other transactions, there is more chance for making recording errors affect

Fiesta28 [93]

Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.

<h3>What do you name a transaction?</h3>

A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.

<h3>Do you mean by transaction "payment"?</h3>

A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.

To know more about transactions visit:

brainly.com/question/24730931

#SPJ4

7 0

1 year ago

A relatively steep demand curve indicates that a. quantity demanded will not adjust to a price change. b. quantity demanded will

Scilla [17]

Answer:

The correct answer is option b.

Explanation:

A steep demand curve implies that the demand is relatively inelastic. In other words, a significant change in price will cause a small change in the quantity demanded.

A flatter demand curve, on the contrary, implies that a small change in price will cause a greater change in quantity demanded. In other words, demand is relatively elastic.

A change in price will not cause demand to change if the elasticity of demand is perfectly inelastic or when the demand curve is a vertical line.

A change in demand will be equal to the change in price if demand is unitary elastic.

8 0

3 years ago