All categories

4 years ago

Which statement regarding command economies is FALSE?

Business

2 answers:

Roman55 [17]4 years ago

6 0

The government does not own the factors of production. That is the false statement

ivanzaharov [21]4 years ago

4 0

Answer:

The correct answer is letter "C": Self-interest influences the decisions made about production.

Explanation:

A command economy is one where the government controls the economy, acts as a central planner, dictates production quotas and distribution levels, and sets prices. Such economies exist in communist or socialist states such as China, North Korea, and Cuba.

In a command economy, the government almost exclusively owns the means of production controlling the supply of output, most of the time leading to shortages.

You might be interested in

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned

laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

4 0

3 years ago

Larry is looking for ways to increase the number of different tasks that an employee performs without increasing task complexity

enot [183]

Answer:

Job rotation

Explanation:

Job rotation means moving employees from one job to another so that they are trained to do multiple roles. This way, the tasks of each job stay the same and employees learn these basic tasks for each job they try. An example is a grocery store where the greeter is cross-trained to be a cashier, to collect carts from the parking lot, and to unload boxes onto the shelves.

6 0

4 years ago

Read 2 more answers

When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve

Hitman42 [59]

Answer:

a. inelastic

Explanation:

As you can see in the image I added, the curve that is close to a vertical is the inelastic one. Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

6 0

4 years ago

A management philosophy that guides the actions of company members toward the goal of actively managing the upstream and downstr

Inessa05 [86]

Answer:

Supply Chain Orientation

Explanation:

Supply Chain Orientation refers to a management philosophy that guides the actions of company members toward the goal of actively managing the upstream and downstream flows of goods, services, finances, and information across the supply chain.

3 0

3 years ago

The shoe company TOMS gives a pair of shoes to a needy child for every pair that it sells. This is an example of a company which

slega [8]

Answer: Corporate Social Responsibility

Explanation:

The corporate social responsibility is one of the type business model that supporting the various types applications which is ethically oriented and it also manage all the functions in an organization.

The main objective of the corporate social responsibility is that it helps in boost the morale of an employee and also helps in increase productivity of the company.

According to the given question, the shoes firm TOMS denote the shoes to the needy children and this is one of the example of the corporate social responsibility in an organization.

Therefore, Corporate Social Responsibility is the correct answer.

7 0

3 years ago