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3 years ago

How does the economy coordinates society's independent economic actors?

2 answers:

7 0

They do it by using a method called, “Gross domestic product<span>” as a unit of measurement.
Gross Domestic products measures the overall value of final goods and services that produced by a nation within a certain timeframe period. High Gross domestic products usually indicates that the nations have been using its resource efficiently and improve its economy. </span>

frozen [14]3 years ago

4 0

<span>The economy coordinates society's independent economic actors via a method titled Gross Domestic Produce. Gross Domestic Product, often referred to as GDP, is simply the market value of goods and services that are created within a country during a specific period of time.</span>

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The first skate board in the history of he world by betsy byars what is the moral of story.what is the conflict of the story.how

stich3 [128]

The moral of the story is to keep your stick on the ice

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3 years ago

What is the primary task of the Federal Reserve

Murrr4er [49]

Answer:

The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks.

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2 years ago

Read 2 more answers

A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,

Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

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2 years ago

In a market economy, a. the allocation of scarce resources determines prices and prices, in turn, determine supply and demand. b

user100 [1]

Answer:

<h2>In a market economy,the impact of supply and demand determines the prices of goods and services which in sequence influence the allocation of economy's scarce resources.Hence,the correct answer wold be option b.</h2><h2 />

Explanation:

In a market economy,much of the economic and commercial activities such as production,investment,allocation,consumption of goods and services are governed by their market prices which are determined completely by the free forces of supply and demand in the economy.In a market economic system,the factors or inputs of production are owned and allocated by the independent or private business organisations or firms with limited government or state control over the means of production.Majority of the commodity and service markets are free of any external state or government intervention and operate freely based on the movements and fluctuations of the market prices of goods and services which are determined by the changes in market demand or supply.Therefore,economic allocation or arrangements of goods and services in a market economy is mostly determined by the free interaction of demand and supply

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3 years ago

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor

Maru [420]

By using the ceteris paribus assumption, Taylor is holding the

holding all costs of production other than the wage rate constant

not considering retail price of laptop computers

<h3>What is ceteris paribus?</h3>

Ceteris paribus is a Latin phrase used in economics that means all other things being equal in English. It is used when studying the effect of one variable on another variable to mean that other variables that can affect the variable being studied is assumed to not change.

When Taylor is analyzing the effect of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, he is assuming that other factors that would affect the supply of laptops are assumed to be constant.

The other factors that might affect the supply of laptop computers include:

cost of production
retail price of laptops

Here is the complete question:

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor is __________.

Select the two correct answers below.

Select all that apply:

holding the supply of laptop computers constant

holding all costs of production other than the wage rate constant

holding wage rates constant

not considering retail price of laptop computers

To learn more about ceteris paribus, please check: brainly.com/question/13864080

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7 0

1 year ago