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
timurjin [86]
2 years ago
6

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,

political forces, and social forces.
Business
1 answer:
jeka57 [31]2 years ago
5 0

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

 -  What goods and services should be produced?

 -  How should these goods and services be produced?

 -  Who consumes these goods and services?

Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

You might be interested in
Information related to Harwick Co. is presented below.1. On April 5, purchased merchandise from Botham Company for $38,700, term
Korolek [52]

Answer:

Explanation:

The journal entries are shown below:

On April 5

Merchandise Inventory A/c $38,700

              To Accounts payable A/c $38,700

(Being calculator purchased on credit)

On April 6

Merchandise inventory A/c Dr $830

           To Cash A/c $830

(Being freight is paid by cash)

On April 7

Equipment A/c Dr $28,900

              To Accounts payable A/c $28,900

(Being equipment is purchased on credit)

On April 8

Accounts payable A/c Dr $5,400

    To Merchandise Inventory A/c$5,400

(Being goods returned)

On April 15

Accounts payable A/c Dr $33,300 ($38,700  - $5,400)

     To Cash A/c   $32,301                   

    To Merchandise Inventory A/c $999 ($33,300 × 3%)

(Being due amount is paid)

3 0
3 years ago
George believes that internal marketing is important for a goods manufacturing firm. However, Erick believes that internal marke
kotykmax [81]

Answer:

c. employees in service firms deliver the brand promise directly to customers.

Explanation:

Erick's belief is most likely to be true because employees in service firms deliver the brand promise directly to customers.

6 0
3 years ago
A law passed increasing the minimum wage by 10%.
MatroZZZ [7]

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

Read more on minimum wage here:brainly.com/question/1461885

6 0
2 years ago
Suppose the government wants to help the coffee industry, where many producers earn relatively little. It is considering two pos
postnew [5]

Answer:

i think your answer is A

4 0
2 years ago
On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger accoun
Zigmanuir [339]

Answer:

                                Journal entries

Date           Particulars                                    Debit         Credit

31, Dec 19  Investment in Branch Office     $132,000

                         To Inventories                                         $110,000

                         To Allowance for Overvaluation of        $20,000

                         Inventories

31, Dec 19    Profit and loss                          $18,400

                           To Investment in Branch Office            $18,400

31, Dec 19     Allowance for Overvaluation   $10,000

                     of Inventories

                           To Realized Gross Profit: Branch Sales  $10,000

Workings

1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000

Shipment to Branch = 132,000 - 22,000 = $110,000

2. Unrealized Inter-company Inventory Profit = (60,000/120) * 2 = $10,000

5 0
2 years ago
Other questions:
  • Work should be performed by an individual if ________.A) the work is complex and requires different perspectivesB) the work crea
    13·1 answer
  • A simple index of three stocks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of
    14·1 answer
  • When an organization needs to hire semiskilled workers and would like to keep the price of advertising low and not attract any a
    15·2 answers
  • Annabelle owns an Italian ice shop. If she decided to expand the size of her shop so that she could sell more Italian ices, how
    8·1 answer
  • Persuasion is necessary when Group of answer choices your audience is skeptical about your idea. you anticipate that your audien
    5·1 answer
  • Jennifer Burroughs is thinking about starting a firm in the upscale​ women's fashion industry. To get a full appreciation of the
    15·1 answer
  • Software that helps users to communicate with family, friends and business colleagues by posting personal information, status up
    10·1 answer
  • A deficit in a nation’s current account means:
    10·1 answer
  • .Universal Containers users a Hybrid Sharing model where Accounts and Contacts are Read Only and Opportunities and Cases are pri
    7·1 answer
  • (STATEMENT OF STOCKHOLDERS’ EQUITY) In its most recent financial statements, Nessler Inc. reported $75 million of net income and
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!