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]
3 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]3 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
You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?
TiliK225 [7]
Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years
3 0
3 years ago
Task 3: Budget for 25- to 30-year-old Business Professionals
Eddi Din [679]

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

3 0
3 years ago
Gilberto manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot
Stells [14]

Answer:

Menu Costs

Explanation:

From the question we are informed about Gilberto who manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This case is an example of the of Menu Costs inflation.

In domain of economics, menu cost can be regarded as the cost to a firm that results due to changing its prices. When there is high inflation, firms needs to often make a change to their prices ,so they can keep up with economy-wide changes. The name arised out of the cost of a printing new menus of a restaurants , but it is used by economists when they are generally referring to the costs of changing nominal prices

.

3 0
3 years ago
Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in proce
SpyIntel [72]

Answer:

$55,000

Explanation:

Calculation for the total cost assignable to the ending work in process inventory

First step is to calculate the ending Materials Cost:

Ending Materials Cost = [(2,500 units × $10]

Ending Materials Cost = $25,000

Second Step is to calculate the ending Conversion Cost:

Ending Conversion Cost = [(2,500 units × 40%) × $30]

Ending Conversion Cost = [(1,000) × $30]

Ending Conversion Cost = $30,000

Last step is to calculate the total cost assignable to the Ending work in process inventory cost using this formula

Ending work in process inventory cost = Ending Materials Cost + Ending Conversion Cost

Let plug in the formula

Ending work in process inventory cost = $25,000 + $30,000

Ending work in process inventory cost = $55,000

Therefore the total cost assignable to the ending work in process inventory is $55,000

3 0
3 years ago
One reason there is a need for integrated marketing communications is that​ __________.
ELEN [110]

One reason there is a need for integrated marketing communications is that consumers​ don't distinguish between content sources the way marketers do.

Explanation:

Integrated messaging in marketing is a simple concept. This guarantees the diligent relation of all forms of communication and communications. Integrated marketing communications, or IMC, as we will term it, at its fundamental level, involves combining all promotional instruments in a harmonious fashion.

For example, an IMC is used to convey campaign messages through various channels. This increases the efficiency of activities used to turn foreigners into prospects and customers.

6 0
3 years ago
Other questions:
  • Having low credit score can make it more difficult to
    6·2 answers
  • What is one effective way for employees to keep their skillsets current
    11·2 answers
  • In the long run the unemployment rate equals select one:
    5·1 answer
  • Even though much of the wealth of the industrialized nations relies on the resources and markets in the developing world, that i
    15·1 answer
  • Describe an example of an equity investment that can also produce income. (1-3 sentences)
    14·1 answer
  • In 2015, government spending was $3.80 trillion, tax revenue was $4.50 trillion, GDP was $14.12 trillion, and total consumer spe
    15·1 answer
  • A taxpayer, age 64, purchases an annuity from an insurance company for $82,000. She is to receive $683 per month for life. Her l
    6·1 answer
  • Texas permits voters to decide directly on only three matters: constitutional amendments, the state income tax, and
    7·1 answer
  • Bankruptcy can make it difficult for you to get a loan, rent an apartment, or even get a job. True or false?
    14·1 answer
  • Chip and Charlie own a local pizza shop. The pizza was the talk of the neighborhood. When
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!