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Monica [59]
3 years ago
13

11) One tenet of classical economics is that A) the role of the government should be limited, since the market will always be se

lf-correcting. B) the government should intervene whenever necessary to avoid any unemployment. C) wages and prices are "sticky downward." D) the government should set a minimum wage slightly above the natural market equilibrium rate.
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.

Explanation:

Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).

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AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

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Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

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3 years ago
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Answer:

B

Explanation:

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2 years ago
Which of the following is an economic change that can affect careers?
ArbitrLikvidat [17]

c) a big recording company buys a small independent label

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3 years ago
Your management has decided that all orders will be treated as "projects" and that project managers will be used to update order
a_sh-v [17]

Answer:

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