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
Rather than acquire an existing textile manufacturer in Jakarta, FauxFabric Inc. chose to establish new operations in Indonesia.
Arisa [49]

Answer: (A) Greenfield investment

Explanation:

 The greenfield investment is one of the type of FDI ( Foreign direct investment) that helps in constructing the various types of new production facilities in an organization.

The main objective of the greenfield investment process is to making the manage the investor control process and also form different types of opportunities for managing the partnerships in the market.

According to the given question, the Greenfield investment process is helps in establishing the various types of new operation in Indonesia and it is the form of foreign direct investment.

 Therefore, Option (A) is correct answer.

7 0
3 years ago
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capi
Alex777 [14]

The firm should decrease the amount of capital used.

Solution:

The wage rate is $12 per hour and capital is rented at $8 per hour.

The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.

A manager hires labour and rents capital equipment in a very competitive

market.

The ratio of marginal product of labour and wage rate

= \frac{45}{12}

= 3.75

The ratio of marginal product of capital and rent

= \frac{65}{8}

= 8.125

If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.

5 0
3 years ago
Firm a is a new producer in the market for good​ x, which is characterized by linear demand and supply curves.​ initially, to at
Sladkaya [172]
I believe the information above is best supported by; the fact that producer surplus will increase if the price rises from $ 8 per unit to $10. This is due to the fact that there is a shortage in the market therefore demand will increase, this results to customers wanting to buy at a higher price than the initial cost, to satisfy their demand and need
7 0
3 years ago
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha
monitta

Answer:

Duty of Loyalty

Explanation:

  • The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. .
  • The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.

3 0
3 years ago
If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
12345 [234]

Answer: countries would purchase microchips from japan because they are cheaper

Explanation:

6 0
2 years ago
Read 2 more answers
Other questions:
  • Gary and Wilma Johnson plan to open a bus tour business taking people from their small City to historic sites along the east coa
    5·2 answers
  • Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
    14·1 answer
  • Megan fails to see any connection between how hard she works and the size of her annual pay raises. consequently, she puts littl
    11·1 answer
  • Terry, who has been an employee in your department for about six months, can be careless about safety. He hasn't been involved i
    6·2 answers
  • In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the
    6·1 answer
  • Harley Davidson_____________.a. utilizes job shops to make each of its modules.b. uses product focused manufacturing.c. uses a l
    14·1 answer
  • Blossom Company purchased machinery with a list price of $88000. They were given a 10% discount by the manufacturer. They paid $
    6·1 answer
  • The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
    15·1 answer
  • Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged. Assuming a constant interest rate
    6·1 answer
  • The Engine Division of MurphyMotor Corporation uses 5,000 carburetors per month in its production of automotive engines. It pres
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!