Answer:
B. allows businesses to operate without much government
interference.
Explanation:
The free enterprise system is an economic model where government participation is minimal. The private sector owns the majority of factors of production. The laws of supply and demand determine market prices, the type, quality, and quantity of goods to be availed for sale.
The government's role is mainly regulatory. Buyers and sellers have the freedom to choose what to sell or buy. Profits are a big motivation to do business under the free enterprise system.
In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.
Answer: $152,309.69
Explanation:
You are looking for the future value of this amount in 29 years assuming it will be compounded annually.
Future value = Amount * (1 + rate)^ number of years
= 4,400 * ( 1 + 13%)²⁹
= $152,309.69
