These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
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Answer:
The correct answer is D) GDP = National Income + Indirect Business Taxes + Depreciation + Net Foreign Factor Income.
Explanation:
The GDP by the income approach is the sum of the Compensation of Employees or payment to workers; Gross Operating Surplus or remuneration to capital (to capital owners); Mixed Income or compensation that does not differentiate the payment to the worker and the capital (for example, self-employed workers); and, taxes less subsidies on production and imports or Net Taxes on products that correspond to the Government.
Answer: d. Core rigidity
Explanation:
Core rigidity refers to the tendency of companies that are successful in the market to become comfortable in their position because they feel their core mode of operations is fine. They will therefore abandon or significantly reduce improvement efforts which usually ends badly because competitors will keep improving.
Those in favor of the change are struggling against a Core Rigidity mindset in the people opposed to the move because those ones want to remain in their current strengths instead of trying to improve operations.
Answer:
1. The reason Sarah might want to use standard costs to compare with her actual costs is:
a. Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.
2. Drawbacks of using Standard Costs are:
c. Standards limit operating improvements because employees may be discouraged from improving beyond the standards.
d. Employees may focus only on efficiency improvement and their own operations rather than considering the larger objectives of the organization.
e. Standards may become "stale" in a dynamic manufacturing environment.
Explanation:
Standard costs encourage the pursuit of management goals. They are the costs that should be under a particular type of circumstances. They are usually compared with actual costs to determine their differences or variances. Their use helps management to focus on how to improve overall performance.
Answer:
0.80%
Explanation:
Calculation for the inflation premium
Using this formula
Expected Inflation premium = i - Real interest rate
Let plug in the formula
Expected Inflation premium = 3.55% - 2.75 %
Expected Inflation premium= 0.80%
Therefore the inflation premium is 0.80%