This Economic System is known as Free market Economy.
Some economies are heavily regulated by governments. The government controls all means of production and wealth distribution in the most rigidly planned, or command economies, setting prices for goods and services as well as worker pay. On the other hand, in a totally free market economy, production and labor are governed by the law of supply and demand rather by a useful planner. Companies offer goods and services at the best cost that customers are willing to pay, and workers are paid the greatest earnings that businesses are prepared to pay for their labor.
• Most economies have features of both free market and command economies.
• In a free market economy, supply and demand, rather than government interference, regulate production and labor.
According to the Heritage Foundation's 2022 Index of Economic Freedom, the most free economy is that of Singapore, which is followed by Switzerland and Ireland. The United States comes in at number 25, while Venezuela and North Korea came in last.
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Expected rate of return Probabilities
Booming 22% 5%
Normal 15% 92%
Recession 2% 3%
The expected rate of return on this stock is solved by multiply each expected rate of return to its corresponding probability and getting the sum of all products.
Booming: 0.22 x 0.05 = 0.011
Normal: 0.15 x 0.92 = 0.138
Recession 0.02 x 0.03 =<u> 0.0006</u>
Sum total 0.1496 or 14.96% is the expected rate of return on this stock
Answer:
I think the answer is B
Explanation:
if theres a drop in supply there will be a price change aswell, most of the time increases the price of products.
The right answer for the question that is being asked and shown above is that: "d. exchange price paid." The cost principle requires that when assets are acquired, they be recorded at d. exchange price paid<span>
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it's half a year out of 5, so 1/10 of the useful lifetime of the van
$61,000 - $4,900 is $56.1000
one tenth of that will be what we are looking for, so option b. should be just right to fit here
