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Alexxandr [17]
3 years ago
8

In 2 or 3 sentences, explain what determines the allocation of resources and distribution of goods in a market economy versus a

planned economy.
Business
1 answer:
photoshop1234 [79]3 years ago
6 0

Answer:

Explanation:

In a market economy, resource allocation is determined by the supply and demand forces. In other words, the allocation of resources is decided using the price  mechanism.

The resource allocation in a planned economy, on the other hand, is determined by a government or a central authority. In other words, the central authority decides the quantity to be produced, the method of production, and the target consumer to whom the production is targeted.

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Identify the true statement about trade barriers.Group of answer choicesThey lower the costs of exporting products to a country.
n200080 [17]

Answer:

They may put a firm at a competitive advantage to indigenous competitors

Explanation:

  • A trade barrier is a restriction on international trade of import and exports of the products are also called as tariff barriers on imported goods and they include quotas, embargoes, they discourage the free trade and keep the principle of the comparative advantage.
  • The main arguments that they help protect the domestic companies, and industries, and the workers.
5 0
2 years ago
In which of the following situations can multiple regression be performed? Select all that apply. Select all that apply: predict
Dimas [21]

Answer:

a. predicting the current salary of an employee, given the initial salary and the number of years the employee has been in his or her current position

b. predicting the number of home runs a baseball player will hit in the next season, given the number of home runs the player hit in the previous season and the number of doubles the player hit in the previous season

Explanation:

Multiple regression is a regression method that is employed to to predict the value of a variable, called the dependent variable, based on the value of two or more other variables, called the independent variables.

From the question, on the following two options have one dependent and at least two independent variables as indicated below:

a. "<em>the current salary of an employee</em>" is the dependent variable. "<em>the initial salary</em>" is the first independent variable, and "<em>the number of years the employee has been in his or her current position</em>" is the second independent variable.

b. "<em>the number of home runs a baseball player will hit in the next season</em>" is the dependent variable. "<em>the number of home runs the player hit in the previous season</em>" is the first independent variable, and "t<em>he number of doubles the player hit in the previous season</em>" is the second independent variable.

6 0
2 years ago
Hochberg Corporation uses an activity-based costing system with the following threeactivity cost pools:Activity Cost Pool Total
klasskru [66]

Answer:

The answer is option A

Explanation:

                                     Amount($)       Activity cost pools    Allocated amount($)

Wages and salaries    340,000                   30%                     102,000

Depreciation                160,000                   15 %                     24,000

Occupancy                  220,000                   15 %                     33,000

Total                             720,000                                              159,000

Cost driver (hours)                                                              30,000 machine hours

Rate per machine hr                                                          159,000 ÷ 30,000

                                                                                                =$ 5.30    

5 0
3 years ago
Pauletta Flores has a health insurance plan with a $500 deductible. The plan
shtirl [24]

Answer:

$2,617.50

Explanation:

For Pauletta, her deductible is $500.

She has to pay the &700 and $250 co-payments from her pocket.

Her insurance covers 90% of the hospital charge, so she has to meet 10% of the hospital cost.

Pauletta will pay 10% of  $11,675. + 500 deductible + $700 + 250 co-payments

=1,1675.50 +$500 +$700, +$250

=$2,617.50

5 0
2 years ago
According to the simple quantity theory of money in the ad-as framework, when the money supply increases, the result is ________
sasho [114]

In accordance with the simple quantity theory of money in the AD-AS framework, when there in an increase in the money supply, the result is a directly proportional increase in real GDP and a directly proportional increase in the price level.

5 0
3 years ago
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