An economic structure in which judgments about what to manufacture and in what amounts are determined by the markets consumers and retailers is known as a free-market system
This is further explained below.
<h3>What is
the free-market system?</h3>
Generally, A market economy is an economy in which choices about investment, production, and distribution to consumers are led by the price signals that are formed by the forces of supply and demand. This kind of economic system is known as a free market economy.
In conclusion, A free market system is an economic framework in which decisions on what to make and in what quantities are set by the customers and retailers in the market.
This kind of system is also known as a consumer-driven economy.
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The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.
<h3>What is cross-training?</h3>
A program or a method in which an employee(s) who is a part of the organization is given the training of more than one skill on a frequent basis, such a method is known as cross-training.
Hence, the significance of cross-training is aforementioned.
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Answer:
Amount of cash Mick receive from the bank: $768,450
Explanation:
Given:
- $750,000 note
- interest of 9%
- n = 6 months
- Effective interest rate of 12% = 0.12
At first, we need to find out the maturity value, which is:
= $750,000 + $750,000 × 9%
= $750,000 + $67,500
= $817,500
Hence, amount of cash Mick receive from the bank:
= <em>Maturity amount - Maturity amount × effective interest rate × number of periods in year</em>
<em>= </em> $817,500 - $817,500
*0.12*
= $817,500 - $49,050
= $768,450
Hope it will find you well.
Answer and Explanation:=
Medium of exchange - It is used to enable the sale and purchase between the parties. It represents the standard of value that is necessary to accept all the parties.
Larry writes a check for $4,000. It is a medium of exchange because it shows trade of goods between Larry and the car seller.
Unit of account - It gives permission to do the differentiation between two things.
Larry can easily differentiate the price of the super is more than the price of duper. It is unit of account because he knows the value of the super and duper.
Store of value - It is the value that can be saved and exchanged for a long time period.
Larry has saved checking amount is $4000. It is store of value because it is saved amount.
D.a trade deficit
When the value of a country's exports exceed the value of its imports, the country is experiencing:a trade deficit
