1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
3 years ago
9

Which statement is correct? a. Producers are "Kings" in a market economy because they determine what is produced. b. Freedom of

choice and enterprise are essential elements of the market system. c. The market system is efficient at allocation of resources, but not in getting consumer goods to their most valued uses. d. The operation of a market system eventually results in an equal distribution of income.
Business
1 answer:
Gala2k [10]3 years ago
7 0

Answer:

B) Freedom of choice and enterprise are essential elements of the market system.

Explanation:

A free market system is a system where private parties (suppliers and consumers) decide how resources will be allocated. Consumers are free to decide whether they like or not a product and whether they will purchase it or not. On the other hand, producers are free to decide whether to produce one product or a totally different one, and at what price they want to sell it. Te free market system is extremely efficient in getting goods to consumers that value them the most.

There are no kings in a free market system, and though it is very efficient in creating overall wealth, it is not efficient in distributing wealth and income.

You might be interested in
Cultural tourism or World Heritage sites are often designated by:
Mrrafil [7]

Answer:

The correct answer is letter "B": United Nations Educational, Scientific, and Cultural Organization.

Explanation:

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) is a specialized organism of the United Nations (UN) System. UNESCO works towards creating proper conditions for communication between civilizations, cultures, and peoples, funded in respect of human values. At the same time, contributes to peace conservation and worldwide security through the promotion of cooperation between countries through science, culture, communication, and information.

The UNESCO World Heritage Committee is the board in charge of designing cultural and natural World Heritage sites such as the <em>Taj Mahal </em>(India), the <em>Historic Sanctuary of Machu Picchu</em> (Peru) or the <em>Serengeti National Park</em> (Tanzania).

5 0
3 years ago
When the stockholders receive a dividend, how would this affect the equity of a business?.
morpeh [17]

Assets and total equity will both be decreased is When the stockholders receive a dividend, how would this affect the equity of a business.

<h3>Who are the stockholder?</h3>

Stockholders are the people who have purchased the stocks and have invested in the particular firm, they are the people. The stockholders hold some of the share of any company, which they can sell or purchase anytime.

Thus, Assets and total equity will both be decreased is When the stockholders

For more details about Stockholders, click here:

brainly.com/question/13142622

#SPJ1

7 0
2 years ago
Sally values creativity. which of these careers is most likely the best for her
Lina20 [59]
If sally is creative then being a poet would make the most sense 
7 0
3 years ago
Read 2 more answers
If more workers are added to a company, the hope is that production and profit will ________________.
pishuonlain [190]

Answer: increase

Explanation:increase means to become greater in amount. more workers, more production.

5 0
3 years ago
Researchers recruited 20 volunteers - 8 men and 12 women - to take part in an experiment. they randomly assigned the subjects in
SVETLANKA909090 [29]
Yes because there were only 8 men
5 0
3 years ago
Other questions:
  • Supporting information and materials are important to public speaking because
    15·1 answer
  • Which of the marketing mix elements corresponds to what the buyer gives up in the marketing exchange?
    9·1 answer
  • A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Inst
    15·1 answer
  • According to the box, "Will Strategy Robots Replace Managers?", with robots having the capabilities to do a multitude of busines
    12·1 answer
  • Free market economies distribute goods and services than command economies.
    11·1 answer
  • Which of the following is considered to be an accrued expense? a.a computer technician has installed the latest software updates
    5·1 answer
  • With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms.
    6·1 answer
  • Which of the following best illustrates the purpose of labor laws?
    6·1 answer
  • College Logos buys​ logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2 comma 00
    13·1 answer
  • Why do you think<br> Relationship skills are<br> important when you own a<br> business?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!