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
Phantasy [73]
3 years ago
13

The basic difference between macroeconomics and microeconomics is: In a command economy, the __________ either makes most econom

ic decisions itself or at least strongly influences how the decisions are made.
Business
1 answer:
Novay_Z [31]3 years ago
5 0

Question 2 options are;

- government

- market

- firm

- business sector

Answer:

1. microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

2. government.

Explanation:

1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

2. We note that the word 'macro' indicates large scope, while 'micro' indicates a smaller scope. And so, the difference is that microeconomics concentrates on the behavior of individual consumers and firms, while macroeconomics focusses on the performance of the entire economy.

You might be interested in
HMO coverage has much more flexibility than PPO coverage. Please select the best answer from the choices provided. T F
Rus_ich [418]
It is a completely false statement that HMO <span>coverage has much more flexibility than PPO coverage. The correct option among the two options that are given in the question is the second option. I hope that this is the answer that you were looking for and the answer has actually come to your help.</span>
6 0
3 years ago
Read 2 more answers
In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa
Free_Kalibri [48]

Answer: False

Explanation:

Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.

The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

3 0
2 years ago
Unearned fees appear on the a.income statement as revenue b.balance sheet in the current assets section c.balance sheet in the o
ZanzabumX [31]

Answer:

The answer is D. balance sheet as a current liability

Explanation:

Unearned fee is the amount that has been collected before rendering a service. For example, a customer paid in advance for goods that have been delivered, a football season ticket holder. The full service has not been rendered. So it is recognized as a liability because the customer can terminate the contract anytime.

As the service is being rendered, maybe monthly, quarterly or weekly, revenue is recognized and unearned fee decreases.

For example, a customer paid a $12,000 on Jan 1. for monthly delivery of magazine for a year. Here, the customer paid for a service that last till Dec 31st.

What will be recognized as revenue monthly is $1,000($12,000/12months) and unearned revenue too decrease by $1,000 monthly

4 0
3 years ago
How do you evaluate success?
White raven [17]
Success is subjective. For some, success is their income, for others it is the size of their house, for some it is what car they own, for some it is what kind of family life they have, for some it could be how happy they feel on a daily basis (basically if they are happy or not), etc. Success for a person may depend on their dreams and goals.

For a Business, success could be either maximizing profits, or maximizing sales, or maximizing customer satisfaction, or maximizing shareholder/owner satisfaction, or maximizing employee satisfaction, etc. Success for a Business depends on its corporate objectives.
3 0
3 years ago
Read 2 more answers
Golden Company has a binding commitment from another company to purchase its copyright at the end of the asset's useful life. Th
Pepsi [2]

Answer:

$150,000

Explanation:

Given an intangible asset like a copyright, it is amortized using the straight-line method, thus, to determine the amount of amortization in a given year, the formula is to divide the copyright's value by the length of its useful life.

However, in this case, since the Golden Company has a binding commitment from another company to purchase its copyright AT THE END of the asset's USEFUL LIFE, then, the value of the copyright equals zero.

What this simply means is that, when calculating copyright amortization, Golden Company should utilize a residual value of $150,000, because the value of the copyright at that moment equals zero.

6 0
3 years ago
Other questions:
  • Unlike a product advertisement, an institutional advertisement may have __________ as an objective? select one:
    14·1 answer
  • Arrange the types of investments in the correct order from the least risky to the most risky investment.
    12·1 answer
  • Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made
    11·2 answers
  • Theresa, an HR manager, works for a firm that is planning to expand overseas. Theresa is in the process of workforce planning an
    13·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    8·1 answer
  • Select the correct answer.
    7·1 answer
  • In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f
    11·1 answer
  • Which of the following is considered the output in the systems thinking example of a decision support system?
    6·1 answer
  • You’ve been invited to help a foreign affiliate of your company set next year’s prices. Inflation last year was 5%, the unemploy
    10·1 answer
  • The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!