Answer:
The four main functions of an economic system are,
a). Production: This is concerned with hat goods and services will be produced in the economy.
b). Allocation: This is concerned with how these goods will be produced, that is using labor intensive technology or capital incentive technology.
c). Distribution: This is concerned with whom the goods are produced, that is how the share of the economic pie will be distributed.
d). Regeneration: This function is concerned with allocating resources between consumption for present use and investment for future use.
Answer:
Money market accounts
Explanation:
Money market accounts. Certificates of deposit (CDs) Interest checking. Specialty accounts (student savings and goal-oriented accounts, for example)
Answer:
False
Explanation:
Technological progress is perhaps the greatest factor in increasing productivity.
In an industry, productivity is measured as a ratio between quantity of output per unit of input. Inputs include direct materials, direct labor and factory overhead costs. New technologies reduce inputs while increasing output levels.
For example, new machinery may produce 50% more units per hour than old machinery, therefore the inputs required to produce one unit of output are reduced.
1. Unearned Revenue
2. Accrued Expense
I think this is true. Your behaviors reveal a lot about you, including what you believe, where you stand on certain things, etc.
Hope this helps! :D
