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ivann1987 [24]
3 years ago
6

6.Which statement applies to all centrally-planned economies?

Business
1 answer:
Art [367]3 years ago
4 0

Answer: C) the government makes all important economic decisions.

<span>A centrally planned economy is an economic system in which the  government makes all important economic decisions rather than leaving them to  consumers and businesses.</span>

<span>In these type of economy, prices are all controlled, the government sets plans, and the  economy is handled by bureaucrats. </span>

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If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then :______
Lapatulllka [165]

Answer:

c. supply will decrease.

Explanation:

If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then supply will decrease.

Generally, when consumers of a particular product notices that the product has an adverse effect on the environment (pollution) or it is a product that causes environmental degradation, they are most likely to stop demanding or buying such products. Consequently, as the demand for such goods falls or decreases; there would be a fall in the supply of such goods. This is so because the demand for goods and services is directly proportional to the amount of quantity supplied.

8 0
3 years ago
Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government
4vir4ik [10]

Answer:

imports exceed exports by $50 billion.

Explanation:

Calculation to determine how much imports exceed exports

Gross Domestic Product $1.2 trillion

Less Consumption ($690 billion)

Less Investment ($200 billion)

Less Government spending ($260 billion)

($1.2 trillion-$690 billion-$200 billion-$260 billion)

Then:imports exceed exports by $50 billion

5 0
3 years ago
It is important for the salesperson to pay close attention to the buyer's interests during the need discovery phase to:
masha68 [24]

Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "<u>uncover the dominant buying motives."</u>

<h3>What is the Need Discovery Phase?</h3>

The need discovery phase is when firms or salespeople try to understand the motives of the consumers, their needs, and requirements.

As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.

Hence, in this case, it is concluded that the correct answer is "<u>uncover the dominant buying motives."</u>

Learn more about Need Discovery Phase here: brainly.com/question/25571041

3 0
2 years ago
Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
Bess [88]

Answer:

Calvin would have a long-term capital gain of $1000.

Explanation:

Calvin's contributions towards partnership is as below

Beg                                           $43,000

2010 income                            $22,000

2011 income                             $25,000

2010 income                            $12,000

Total  contribution                   $102,000

Total amount Calvin realized by selling his partnership interest = $103,000.

Therefore, Calvin would have a long-term capital gain of $1000 (amount Calvin realized - Calvin's contributions  = $103,000 - $102,000).

4 0
3 years ago
Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for CasualDining, Inc., to open as Eat
maksim [4K]

Answer:

D

Explanation:

Substancial performance is a terminology used in contract law. It actually means the degree of performance of a contract work which is not completely or fully finished,but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. The owner has a right to recover whatever damages he has incurred by reason of the contractor's failure to render full and complete performance.

Building Restoration must have at least substantially performed the it's side of a bargain before they can call on the CasualDining,Inc to perform the their side of the bargain e.g. by paying an agreed amount. What actually constitute substantial performance depends on the circumstances.

7 0
3 years ago
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