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larisa86 [58]
4 years ago
13

An economics system in which consumers vote with their dollars to answer what is produced and how it is produced is known as ___

.
Business
2 answers:
MrRa [10]4 years ago
7 0

Answer:

The correct answer is: market economy.

Explanation:

Economic decisions and prices in a market economy are determined more by market forces than by central planning. Market forces refer to the collective effect of all decisions taken by individual participants in the economy according to their free will, such as consumers and businesses. In a market economy consumers are said to have sovereignty since the value of their dollars determines the market output.

dlinn [17]4 years ago
4 0

Answer:

Market Economy System

Explanation:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.

A market economy is a system where the laws of supply and demand direct the production of goods and services. Capitalism requires a market economy to set prices and distribute goods and services.

You might be interested in
what is the book value and market value if it was liquidated to day i would receive 7.65 million in cash after paying 9.5 millio
kodGreya [7K]

Answer:

The market value of capital would be 11.15 million

Explanation:

Book value of an asset is the value at which the asset and liabilities are currently reflecting in the balance sheet of a firm. The market value is the value at which these assets and liabilities are currently valued as per present market rates. For example : Land value normally appreciates over time and eventhough it is purchased at say $100.000/-, its present value market valuation rate could be $300,000/-. This is the difference between a book value and market value.

In this case, on sale of current assets, a profit of 13 million would be made. Out of this, 9.5 million current liability is paid. Remaining is 3.5 million. Cash received after paying current liabilities is 7.65 million. Hence adding 3.5million+7.65million = 11.15million is the market value of capital which was originally 8.5 million.

                       Book Value             Market Value             Difference

Capital                8.5                            11.15

Current Liability   9.5                           9.5

Current Asset        22                           35                         13

Paid for CL                                                                          9.5

Remaining value                                                                 3.5

Cash Recd                                                                           7.65

Mkt value of capital                                                             11.15            

(3.5+7.65)

4 0
3 years ago
Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement? Select one: a
Mazyrski [523]
<h2>Achieving specific set of goals does not come under Quality improvement programs and continuous process improvement.</h2>

Explanation:

Option B: Reducing errors and defects: Quality improvement means it includes avoiding / reducing errors too. The same can be considered as an improvement in the process too.

Option C: Improving efficiency: Continuous improvement should reflect the efficiency in improving performance and standards and thus enhancing the quality.

Option D: Improving profit: The ultimate aim to is have profit through quality product deliverable and continuous improvement in producing those. So Option D is valid

The given programs are not for achieving a specific goals. So Option A is invalid

8 0
4 years ago
If Good C increases in price by 30% a pound, and this causes the quantity demanded for Good D to increase by 40%, what is the cr
dalvyx [7]

Answer:

1.3

Explanation:

Given:

If Good C increases in price by 30% a pound.

This causes the quantity demanded for Good D to increase by 40%.

Question asked:

What is the cross-price elasticity of the two goods ?

Solution:

We can find the cross-price elasticity of the two goods by this formula:

E_{c}  = \frac{ Percent\  change\ in \a \ quantity \ of \ good \ D}{Percent \ change\  in\ the\  price\  of \ good\  C}

E_{c}  = \frac{40}{30}= 1.3

When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the  is Good C and  Good D is 1.3.

4 0
3 years ago
5. Price changes affect supply and demand and supply and demand can affect price. O True False​
seropon [69]

Answer:

true

Explanation:

that is what is happening to us right now.

7 0
2 years ago
How did the population and economic patterns of the american west change because of governmental policies, such as the homestead
dem82 [27]

There were many policies which contribute a lot to  change population and economic patterns of the american west .

Much of the West became part of the United States through the Louisiana Purchase of 1803; the Southwest, however, was a Mexican possession until 1848. The Lewis and Clark Expedition of 1804–06 established much of what would become the Oregon Trail and thereby facilitated settlement of the Pacific Northwest.

The Mormons, fleeing from harassment in Midwestern states, reached Utah in 1847, built Salt Lake City, and began a vigorous colonization of all parts of the Rocky Mountain West. The discovery of gold in California in 1848 brought a burst of migration to the West Coast and led to California’s admission to the union in 1850, barely two years after it had been ceded from Mexico.

The rest of the West, however, remained sparsely populated. The American Civil War changed that conception. In 1862 the Homestead Act was passed by Congress. In 1869 the first transcontinental railroad was completed, and in 1873 barbed-wire fencing was introduced. Coupled with improvements in dry farming and irrigation and the confinement of American Indians to reservations, the Great American Desert grew steadily in population.

To learn more about american west here

brainly.com/question/178068  

#SPJ4

6 0
2 years ago
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