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SpyIntel [72]
2 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]2 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.

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A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t
Wittaler [7]

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

Deposits made = $8,000

Loans = $6,000

So the required reserve is

= deposits made - loans

= $8,000 - $6,000

= $2,000

Now the required reserve is

= $2,000 ÷ $8,000

= 25%

Hence, the correct option is c. 25 percent

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
Harriet's Wimsey is a bookstore for people who love mysteries. How would a complete set of P. D. James mystery novels, a first e
adoni [48]

Answer:

E. as current assets

Explanation:

As we know that the

Balance sheet records the total assets, total liabilities and the stockholder equity

Where

The total assets comprises of current assets, tangible assets, and the intangible assets

And, the total liabilities comprises of current liabilities and the long term liabilities

In the given scenario, the purchase of the newest Dorothy Cannell book be listed on the store's balance sheet. So here, the newest Dorothy Cannel book represent the current asset side of the balance sheet

5 0
2 years ago
How can investors receive compounding returns? aby selecting a savings account that has a higher interest rate bby investing the
Novay_Z [31]
Investors can receive compounding returns by investing their earnings back into their original investment. For example, if they earn $10 from a stock they invested in, they would place that $10 back into the stock that earned them that money.
7 0
3 years ago
Kermit is considering purchasing a new computer system. The purchase price is $133,063. Kermit will borrow one-fourth of the pur
lesya [120]

Answer:

NPV =  $20,040.35  

Explanation

The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

Annual net cash inflow = Savings - Technician cost = 61,427- 20,000

                                       = $41,427

PV of Cash flow= $41,427  × (1-(1.12^(-5))/0.12=  149,335.06  

PV of salvage value = 1.12^(-5)×$6,641 =  3768.281749

NPV = 149,335.06  + 3,768.281  -133,063= 20,040.35  

             

7 0
2 years ago
Ramon is a very balanced task and relation-oriented leader. which type of leadership does ramon have?
lilavasa [31]

Ramon is a very balanced task and relation-oriented leader. Ramon has behavioral leadership.

Theories of leadership explain how and why specific individuals become leaders.

They emphasize the character characteristics and actions that people might adopt to improve their leadership skills.

According to the behavioral leadership hypothesis, a leader's effectiveness is determined by their behavior rather than by their inherent qualities.

According to the behavioral leadership theory, a leader's responses to a particular scenario should be observed and evaluated.

According to this belief, leaders are created, not born.

According to this theory's proponents, anyone who can learn and apply specific characteristics can become an effective leader.

Hence, Ramon is a very balanced task and relation-oriented leader. Ramon has behavioral leadership.

Learn more about Leadership:

brainly.com/question/1232764

#SPJ1

3 0
2 years ago
Read 2 more answers
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