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Daniel [21]
3 years ago
15

What type of economic system exists when individuals answer the three basic economic questions?

Business
1 answer:
Paladinen [302]3 years ago
5 0
The type of economic system which exists when individuals answer the three basic economic questions is B. market.
These questions are: what to produce, how to produce it, and for whom to produce it. Once you answer these questions, the market is satisfied. 
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Robert is writing a report about Ty Cobb,a famous baseball player,and needs to gather information.He types "Ty Cobb" into his co
Dmitry_Shevchenko [17]

Answer:

B. Search engine

Explanation:

Search engine is a program that internet users uses in getting information from the world wide web on what is been searched for. The search engine uses key words from the search to locate websites where information concerning the subject could be found. Common examples of search engines includes Yahoo, Google and bing. By inputting "ty cobb" on his computer and getting back over 30 websites containing information on ty Cobb, Robert must have used a search engine.

4 0
4 years ago
Suppose that you are in charge of an insurance company. Two kinds of people want insurance, healthy people who probably will not
mote1985 [20]

The equilibrium premium, which balances the premiums charged to healthy and unhealthy people, charged for insurance under this scenario is <em>e. You charge $3,000 and everyone buys insurance.</em>

$3,000 will be affordable to both the healthy and the unhealthy.  This amount of premium will enable both classes to buy insurance.

It will <em>not benefit</em> the company to charge:

  • $2,000 and enable everyone to buy insurance
  • $3,000 and enable only unhealthy people to get insurance
  • $1,000 so that only the healthy people to buy insurance
  • $1,000 because only healthy people buy insurance.

Thus, the insurance premium charged should be <em>Option E.</em>

Learn more: brainly.com/question/9696972

4 0
2 years ago
Isaac benefited from his experience working for an established private company that provided state-of-the-art lighting for music
MariettaO [177]

Answer:

The best business ownership strategy for Isaac would be a franchise.

Explanation:

A franchise is a form of business ownership which allows a franchisee to start a business by legally using the processes, ideas, and expertise of a franchisor. A franchise is the most common alternative of owning a business for entrepreneurs like Isaac who lack adequate capital to start a new business. Franchising provides an alternative method of capital acquisition as it allows an entrepreneur to own a business without the risk of cost of capital or debt.  

Moreover, it will be easy for Isaac to acquire finance from the franchisor and this will make it easy to operate the new business. Moreover, as a franchisee, Isaac will benefit from low risk, marketing support, and benefit from the existing brand recognition of the parent company.

5 0
3 years ago
Consider an economy described by a specific factors model with an Agricultural and a Manufacturing Sector. The country is open t
ASHA 777 [7]

Answer:

с. The number of workers employed in manufacturing will increase.

Explanation:

When there's a sudden increase of specific capital in a certain sector, in this case, the Manufacturing Sector, the consequences could be an increase in the number of workers employed, since they have more money to invest and to produce more products. If you have more capital it means you're selling more or someone is investing in your sector, which means there's more demand for your products and you need to produce more.

8 0
3 years ago
Comparative advertising is one form of __________ advertising.
tamaranim1 [39]
Comparative advertising is one form of product advertising.
8 0
4 years ago
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