Answer:
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
Answer:
The correct answer is letter "E": meeting system.
Explanation:
An Electronic Meeting System (EMS) is a form of a networking-based group in which its members are connected through computers so they collectively can take decisions, solve problems, discuss over certain topics, and provide anonymous valuable feedback. EMS is used as a meeting platform for large entities with centralized decision-making but a presence in different regions around the world.
<em>EMS disadvantage is relying on different internet connections for the meeting. If one of them is not stable the meeting is likely to be interrupted frequently.</em>
Answer:
What is the steady-state value of the capital-labor ratio, k?
k = 16
Explanation:
Suppose that an economy has the per-worker production function given as follows:
yt = 5kt^0.5
where y = output per worker
k = capital per worker
k = sy - (n+d)×k
0 = s(5k^0.5) - (0.10+0.15)×k
0 = 0.20(5k^0.5) - 0.25k
0.25k = k^0.5
k^0.5 = 1/0.25
k^0.5 = 4
k^1/2 = 4
Taking square of both of the sides:
(k^1/2)² = (4)²
k = 16
Agree because you do not have to do anything, it’s your choice to work with them or not.
