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4 years ago

Two major virtues of the market system are that it:

Business

1 answer:

podryga [215]4 years ago

4 0

The correct answer is allocates resources efficiently and allows economic freedom.

The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.

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A can of soda costs $1.75 in the United States and 42 pesos in Mexico. Assume purchasing-power parity holds. The peso-dollar exc

dedylja [7]

Answer:

a. 24 pesos / dollar.

b. 48 pesos / dollar.

Explanation:

a. Peso dollar exchange rate = P peso / P dollar = 42 pesos / $1.75 = 24 pesos / dollar.

Now, considering the double prices.

b. Peso dollar exchange rate = P peso / P dollar = 84 pesos / $1.75 = 48 pesos / dollar.

7 0

3 years ago

Answer the question on the basis of the following data. All figures are in billions of dollars. The economy characterized by the

Leokris [45]

Answer:

Experiencing declining production capacity because net investment is negative.

Explanation:

Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.

4 0

3 years ago

Seventy-five percent of the research and development and selling expenses were traceable to Askin. Profit before taxes for the A

nirvana33 [79]

Answer: $475,000

Explanation:

75% of both the research and development and selling expenses were traceable to Askin.

= 75% * (1,170,000 + 130,000)

= $975,000

Profit before taxes for Askin = Askin Gross Profit - Share of expenses

= 1,400,000 - 975,000

= $475,000

6 0

3 years ago

In the BCG Matrix, cash cows are: _____________

AlekseyPX

The Cash cows under the BCG Matrix are businesses, assets, and or products that have a consistent cash flow, high market share and low market growth.

<h3>What is the BCG Matrix?</h3>

The BCG Matrix is a strategic analysis tool that was developed by Boston Consulting Group which highlights and compares various kinds of business and or products.

Other sections of the matrix are:

Stars (Upper Left Corner)
Cash Cows (Lower Left Corner)
Question Marks (Upper Right Corner) and
Dogs (Lower Right Corner)

The correct answer, thus, is A: Slow Industry Growth but Strong Market Share Position, which as explained can be due to high cashflows.

See the link below for more about BCG Matrix:
brainly.com/question/24515909

3 0

3 years ago

The least risky method of entering a market in a foreign country is by Direct exports. Indirect exports. Direct investments. Lic

yan [13]

Answer:

Direct investments.

Explanation:

8 0

4 years ago