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never [62]
3 years ago
9

For many years China relied on central planning but is currently moving away from a central market to a free market based econom

y. This would mean that China’s economy is in a state of transition. Please select the best answer from the choices provided
Business
1 answer:
DanielleElmas [232]3 years ago
5 0

The given statement is False.

For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.

Explanation:

Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.

If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.

Learn more about Transition of Chinese Market at:

brainly.com/question/830955

#LearnWithBrainly

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3 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.2 pound
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Answer and Explanation:

The computation of the contribution margin per pound for each of the three products is shown below:

As we know that

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For Product S5

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= $18.92

For Product G9

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= $69.55

Now the contribution margin per pound is  

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For Product S5 =  Contribution margin ÷ Pound  

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                        = 4.61 per pound

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tensa zangetsu [6.8K]

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Answer:

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