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Anna35 [415]
3 years ago
11

In a market system, how are the terms of exchange established?

Business
1 answer:
NikAS [45]3 years ago
4 0

Answer:

<u>The forces underlying supply and demand interact to determine a market clearing price</u>

Explanation:      

Market is a place or system where person that are seller and buyer who come together for the purpose of sale and purchase the goods.

<em>Types of market are :</em>

<u>Perfect Competition</u> : It is a market in which there are number of sellers and number of buyers selling same commodities or homogeneous product.

<u>Monopoly </u>: It is a form of market in which there is single seller , he has full control over price.

<u>Monopolistic Competition</u> : It is a form of market in which there are number of sellers and number of buyers but all the sellers are selling different type of product.    

<u>Oligopoly</u> : it is a form of market in which there are few big firms but a large number of buyers .

The market is also known as price system.The market system is very efficient . Market system creates a good competition.                                                                                                              

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Lake Incorporated purchased all of the outstanding stock of Huron Company paying $950,000 cash. Lake assumed all of the liabilit
liraira [26]

Answer:

d. $250,000.

Explanation:

In order to calculate the expense of the goodwill, we must first calculate the net asset's fair value shown below:

The fair value of net asset = The fair market value of total assets - the fair market value of liabilities

= $125,000 + $750,000 - $175,000

= $700,000

And, the purchase value of all outstanding stocks is $950,000

So, the goodwill would be  

= $950,000 - $700,000

= $250,000

3 0
3 years ago
Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
Sphinxa [80]

Answer:

The correct answer is C. standard of living is ultimately determined by long-term growth.

Explanation:

The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.

An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.

8 0
3 years ago
Registration is not essential for corporations<br> True or false
Masja [62]
Hey there,

Personally, I think that this would be True, because being registered would be highly important for corporations.

~Jurgen
5 0
3 years ago
The second element of website design involves the traditional contextual elements. What do these contextual elements needed to b
Nostrana [21]

These contextual elements needed to be aligned with the target markets.

<h3>What is a website design? What are the elements of it?</h3>

Website design is a process of planning, organizing, capturing and conceptualizing the content online in an attractive manner.

The main elements of the website design are the design, interaction, visibility, content etc.

A good website design consist the excellent visual design.

Learn more about the website design here:-

brainly.com/question/13479505

#SPJ1

4 0
1 year ago
ABC opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability policy was $3
Katyanochek1 [597]

Answer:

$18,000

Explanation:

Data provided in the question

Liability policy for 18 months = $36,000

And, the crop damage policy = $12,000 for two years

So by considering the above information, the balance in the ending prepaid insurance account is

= Liability policy ÷ number of years

= $36,000 ÷ 2 years

= $18,000

By dividing the liability policy with the number of years we can get the ending balance and the same is shown above

8 0
3 years ago
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