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iren [92.7K]
3 years ago
8

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.

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2 years ago
The basic economic cost of unemployment is forgone ______. Multiple choice question. inputs output supply labor
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Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.

<h3>Forgone labour output </h3>

Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.

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4 0
1 year ago
Osborn Manufacturing uses a predetermined overhead rate of $20.00 per direct labor-hour. This predetermined rate was based on a
egoroff_w [7]

Answer:

1. Manufacturing overhead applied = Actual hours * Predetermined overhead rate

Manufacturing overhead applied = 13300 * $20

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From the question, Osborn Manufacturing actually incurred $275,000 of manufacturing overhead. Hence, the Manufacturing overhead is under-applied because the applied manufacturing overhead is less than the actual manufacturing overhead

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2 years ago
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Answer:

legal differences

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According to my research on different barriers of entry, I can say that based on the information provided within the question Mora is most likely facing the barrier of legal differences. This can be said because American businesses are prohibited from offering bribes, therefore making what the other company wants illegal, even though in Asia it might not be illegal.

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

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