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Alexeev081 [22]
3 years ago
12

In which type of economy are the basic economic questions, "what goods to produce and how to produce them decided based on custo

ms passed down from previous generations?"
Social Studies
1 answer:
KonstantinChe [14]3 years ago
3 0

Answer:

Traditional economy

Explanation:

The type of economy are the basic economic questions, "what goods to produce and how to produce them decided based on customs passed down from previous generations" is known as Traditional economy.

Traditional economy is an economic system in which traditions, customs, and beliefs help formulate the products and services that are produced by the economy, as well as the rules and manner of their distribution. Rural and farm based countries tend to use this kind of economic systems.

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What is the current account for each country?
Vanyuwa [196]

Answer:

The country that has a trade deficit  is US and the country that has a trade surplus is China.

A country has a trade surplus if the value of export is greater than the value of import.

A country has a trade deficit if the value of export is less than the value of import.

If the US buys goods from China, it is considered import to US and export to China

Total value of export in China / Total value of import to US:

Cost of goods and services purchased + humanitarian aid + amount spent by tourists + amount spent in the stock market

$800 + $100 + $200 + $1000 = $2100

Total value of export in US / Total value of import to China:

Cost of goods and services purchased + humanitarian aid + amount spent by tourists  

$1000 + $300 + $600 = $1900

Explanation:

hope it helps

8 0
2 years ago
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All but the first one, "Never purchase a warranty."
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3 years ago
The most infamous concentration camp was located at _____. Berlin Hamburg Auschwitz Warsaw
erastova [34]
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8 0
3 years ago
Many sociologists argue that large numbers of americans are dissatisfied with the u.s. political system today because?
finlep [7]

Many sociologists argue that large numbers of Americans are dissatisfied with the U.S. political system today because even though capitalist economies derive more wealth than any other economies in the world, the wealth of America is unevenly distributed. 

<h3>What is capitalism? </h3>

Capitalism is an economic system that relies on private ownership of the means of production and their commercial application. Key elements of capitalism include capital accumulation, competitive markets, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labour.  Owners of wealth, real estate, the ability to move capital, and production capacity in a capitalist market economy govern investment and decision-making, even though competition in the markets for goods and services has a significant impact on pricing and the distribution of goods and services.  Economists, historians, political economists, and sociologists have all examined capitalism from different angles and recognised various forms of it in daily life.

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6 0
1 year ago
True/false: if you attempt to store data past an array's boundaries, it is guaranteed that the compiler will issue an error.
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If you attempt to store data past an array's boundaries, it is guaranteed that the compiler will issue an error, this is false.

If you attempt to store data past an array's boundaries, it is guaranteed that the compiler will issue an error, If an integer array is partially initialized, the uninitialized elements are going to be set to zero. A vector object automatically expands in size to supply lodging the things stored in it.

Array bound checking refers to determining whether all array references in an exceedingly program are within their declared ranges.

This checking is critical for software verification and validation because subscripting array's beyond their declared sizes may produce unexpected results, security holes, or failures.

If we use an array index that's out of bounds, then the compiler will probably compile and even run.

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