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3 years ago

What is one example of a planned economy?

Business

1 answer:

Daniel [21]3 years ago

6 0

Answer:

socialist economy

Explanation:

A planned economy is a system where the government or the central authority makes all major economic decisions. The government decides on the type and quantities of goods to produce and for whom to produce. In the planned economy, factors of production belong to the government. Manufacture of goods and services is motivated by service to the community, not profits.

A socialist economy is a good example of a planned economy. Just like in a planned economy, a socialist economy is characterized by heavy government involvement. The state controls the factors of production. Public service is the reason for economic production, while consumers do not have the liberty to choose products.

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Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you hav

sergejj [24]

Amount = Principal ( 1 + interest rate) ^ years

$1000 = $600 ( 1 + .07 ) ^ years

$1000 / $600 = 1.07 ^ years

1.66667 = 1.07 ^ years

years = 8

4 0

3 years ago

kenny is considering creating a testamentary trust. which of the following is not a feature of a testamentary trust? a.creation

bonufazy [111]

A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.

A Testamentary Trust: What Is It?

A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.

A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.

Learn more about Testamentary Trust here:

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4 0

1 year ago

Wang Co. manufactures and sells a single product that sells for $640 per unit; variable costs are $352 per unit. Annual fixed co

yarga [219]

Answer:

The correct answer is 45%.

Explanation:

According to the scenario, the given data are as follows:

Selling price = $640

Variable cost = $352

Annual fixed cost = $985,500

Current sales volume = $4,390,000

So, we can calculate the contribution margin ratio by using following formula:

Contribution margin ratio = (Contribution margin per unit ÷ selling price per unit ) × 100

Where, Contribution Margin = Selling price - Variable cost

= $640 - $352 = $288

So, by putting the value in the formula, we get

Contribution margin ratio = ( $288 ÷ $640 ) × 100

= 0.45 × 100

= 45%

5 0

3 years ago

Choose the term that matches each definition:

Mrac [35]

Answer and Explanation:

a. 4. Common ion effect, this is due to reduction in common ion effect

b. 1. SOlubility as the salt would be dissolved in 100 ml of water

c. 5. Saturated solution as the solution would be dissolved completely

if any extra addition to be made than it would not dissolved

d. 3. Solubility product constant as it used the equation

e. 2- Molar Solubility as the maximum moles would dissolve in 1 liter of solution

5 0

2 years ago

As the hotel industry matures, corporations are either acquiring or merging with each other. This is: A. Safety and security B.

rodikova [14]

Answer:

B. Consolidation

Explanation:

Consolidation (or amalgamation), in a bussines context, is <em>when different companies combine to form a larger organization in order to improve their efficiency, long-term cost savings and a concentration of market share.</em>

I hope you find this information useful and interesting! Good luck!

5 0

3 years ago