Answer:
The correct answer is letter "D": supply and demand determine prices and prices, in turn, allocate the economy's scarce resources.
Explanation:
In a Market Economy, economic decisions and prices are determined by market forces rather than by central planning. Market forces refer to the collective effects of all the decisions made by individuals participants in the economy such as consumers and businesses according to their free will.
In other words, supply and demand are the regulators of a Market Economy determining prices also allocating scarce resources.
D. you limited yourself to a small number of products
is your best choice
Answer:
88.38
Explanation:
Given;
1 U.S. dollar = 122 Japanese yen
1 British pound = 2.25 Swiss francs
1 British pound = 1.63 U.S. dollars
Therefore,
2.25 Swiss francs = 1.63 U.S. dollars
1 US. dollar = 2.25/1.63 Swiss francs
1 US dollar = 1.38 Swiss francs
since
1 U.S. dollar = 122 Japanese yen then,
1.38 Swiss francs = 122 Japanese yen
1 Swiss francs = 122/1.38 Japanese yen
1 Swiss francs = 88.38 Japanese yen
1 Swiss franc can be used to purchase 88.38 Japanese yen.
The demand increased due to a large increase in cat adoptions. The market price and quantity increased.
<h3>What is the correct option?</h3>
A demand curve slopes downward from left to right. When there is a movement to the right, it indicates that there has been an increase in demand. When there is an increase in demand, the price and quantity increases.
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
