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Kazeer [188]
3 years ago
7

In a paragraph, select ONE country (excluding Canada, Cuba and Sweden) and explain where it lies on the continuum of command - m

ixed - market economies. Include evidence to support your decision.
Business
1 answer:
AnnZ [28]3 years ago
4 0

Answer:

North Korea - Command Economy.

Explanation:

In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.

To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.

The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.

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In Step 1 of developing an EFE​ Matrix, how many opportunities and threats should be included in the full and narrow​ lists, res
Svetach [21]

Answer:

Option B. ​100, 20

Explanation:

The full list should not be more than 100 because we would not like to have any opportunity/threat having less than 1% contribution so The sum of percentages should be 100.

At least 20 opportunities and threats should be there in the narrow list.

4 0
3 years ago
Sassy Company sells its widgets for $20 each. Its variable cost is $12 per widget. Fixed costs are $150,000 per month for volume
disa [49]

Answer:

$440,000

Explanation:

Sassy Company budgeted operating income

Operating income will be :

(20-12) $80,000 - $200,000

=8×$80,000-$200,000

=$640,000-$200,000

=$440,000

Therefore the budgeted operating income at a level of 80,000 widgets per month will be $440,000

7 0
2 years ago
Read 2 more answers
National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports
madreJ [45]

Answer:

A. National income must equal domestic product.

True.

Explanation:

National Income is the total value of goods and services produced in a country during a financial period. It is total income from a country's economic activities.

Domestic product is monetary value of all economic activities of a country during a period.

National Income is sum of Investments, Savings, Government expenditures and net exports. National Income equals the domestic products of a country. The equation is as follows:

C + I + G + (X - IM) = DI + NT.

The statement given is true. Disposable income equals the saving plus consumption. The excess of disposable income which is not consumed is saved.  Sum of saving and consumption must equal Disposable income in an economy.

4 0
3 years ago
You sold short JCP stock at $80 per share. Your losses could be minimized by placing a __________. a. limit-sell order b. limit-
san4es73 [151]

Answer:

The correct answer is letter "D": stop-buy order.

Explanation:

A stop-buy order is an order to purchase a stock at a particular price above its current market price. By placing a stop-buy order, the investor sets the price at which he will buy the stock in advance, thus eliminating the risk of missing the price point, the opportunity to buy a stock with good returns, or covering a short position at a reasonable loss instead of allowing the negative trade balance to rise.

So, <em>setting a stop-buy order will help the trader exit the transaction at a specific price to cover losses of a short position at a reasonable risk rate.</em>

3 0
3 years ago
The market demand function for corn is Qd = 5 15 - 2P and the market supply function is Qs= 5P- 6, both quantities measured in b
GaryK [48]

Answer:

The Producer surplus = 19.6.

consumer surplus = 12.25.

Aggregate supply = 31.85.

Explanation:

Normally, the demand equilibrium function equals to supply equilibrium function will get us the price which is $3 that is Qd = Qs. Hence, if we equate both function together like;

15 - 2P = 5P - 6.

15 +6 = 5P + 2P.

21 = 7P.

P = $3.

Thus, Qd = 15 - 2P= 15 - 2(3) = 15 - 6 = 9 units.

Qs = 5P - 6 = 5(3) - 6 = 15 - 6 = 9.

Therefore, if the price is going to be Increased by $4, we will have that;

Qd = 15 - 2P= 15 - 2(4) = 15 - 8 = 7 units.

=> The Producer surplus = 1/2 × 14 (4 - 1.2) = 19.6.

=> consumer surplus = 1/2 × 7 (7.5 - 4) = 12.25.

Aggregate supply = Producer surplus + consumer surplus = 19.6 + 12.25 = 31.85.

8 0
2 years ago
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