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3 years ago

Why was friedrich von hayek against government intervention in an economy?

Business

2 answers:

BaLLatris [955]3 years ago

8 0

I believe the answer is: D. It would improve the economy's situation

friedrich von hayek believe that government intervention would only benefit some part of the organizations in a private sectors while reducing the power of the other organization, which tilt the balance of power in the market.

When this happen, people would be discouraged to be involved in opening up new businesses, which would stunt our economic growth.

shepuryov [24]3 years ago

5 0

The answer top the question stated above is letter D. It would improve the economy's situation.

For Friedrich Von Hayek, less government intervention meant more economic freedom. He believed that if people are free to choose, then the economy runs more efficiently.
Thus, it would improve the economy's situation.

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What tax event must take place when a taxpayer receives a Form 1099-A?

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Gain or loss from the sale of property must be calculated. The loss from foreclosure of property must be subtracted from wage income.

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2 years ago

Given the following data for Vinyard Corporation:

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Answer:

Explanation:

D / V = 1000 / 4000

Dividing 1000 by 4000 gives 0.25 = 25%

E / V = 3000 / 4000

Dividing 3000 by 4000 gives 0.75 = 75%

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3 years ago

Unions contribute to Select one: a. frictional unemployment but not the natural rate of unemployment. b. the natural rate of une

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Answer:

The correct answer is letter "C": both frictional unemployment and the natural rate of unemployment.

Explanation:

Natural unemployment is defined as the lowest rate of unemployment an economy will reach. It is called natural because its causes are other than an adverse economy. Natural unemployment is a combination of frictional unemployment -employment transitions, structural unemployment -mismatch between abilities and current position, and labor surplus.

Unions are groups of individuals who join to set minimum standards at work in regards to wages, compensations, and conditions. Union members are, by default, always available to join the workforce even if there is work to be done or not. Sometimes, union members are assigned duties their abilities outperform just to avoid having the member unemployed. These are the reasons why unions are said to contribute to natural unemployment.

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3 years ago

Yong produces silk and polyester fabrics. Management has compiled the following unit selling price and unit cost information for

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Answer:

$9.05

Explanation:

the information about prices and costs is missing, so I looked it up:

contribution margin per yard for silk = $18 - $4.10 - $2.70 - $3.51 - $0.90 = $6.79

contribution margin per yard for polyester = $10.20 - $0.80 - $2.90 - $3.77 - $0.60 = $2.13

contribution margin per machine hour:

silk = $6.79 x 1/0.75 = $9.05

polyester = $2.13 x 1/0.5 = $4.16

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2 years ago

Steamroller Company sells two products—J and B. Steamroller predicts that it will sell 7400 units of J and 6500 units of B in th

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Answer:

The weighted-average unit contribution margin is $4.50 per unit.

Explanation:

Weighted Average contribution margin is the average contribution margin of all products company sells.

Sale

Product J = 7,400

Product B = 6,500

Unit contribution margin

Product J = $2.9

Product B = $6.3

Contribution of Product J = 7,400 x $2.9 = $21,460

Contribution of Product B = 6,500 x $6.3 = $40,950

Total Contribution = $21,460 + 40,950 = $62,410

Total Sales Unit = 7,400 + 6,500 = 13,900 units

Weighted average contribution margin = Total Contribution / Total sales unit

Weighted average contribution margin = $62,410 / 13,900 units

Weighted average contribution margin = $4.49 per unit

Weighted average contribution margin = $4.5 per unit

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3 years ago