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Klio2033 [76]
3 years ago
10

compare how goods and services are distributed and the freedom of consumers and producers in command economies and free market e

conomies. Your answer should be at least 300 words in length. the passage "An economist named Leonard Read wrote an essay called "I, Pencil" making the extraordinary claim that no one person has the knowledge of how to make something as simple as a single pencil. He went on to prove his point by tracing the origins of all the components of a single pencil and showing how each was the result of complex processes from all over the world. In Read's view, the remarkable fact about the pencil, and every other product in the marketplace, is that no one person directs its production or would even know how to, yet pencils are produced cheaply and efficiently every day.
Business
1 answer:
gulaghasi [49]3 years ago
4 0

I cannot write the entire essay for you, but here are some differences:

Command Economy: production and prices are controlled by the government

In a free market, consumers' demand determine what is/should be made and how much to charge.

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Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationshi
Delicious77 [7]

Answer: The landlord would have to make the environment conducive for leaving and the tenant would have pay rent and refrain from causing problems

Explanation:

The landlord and tenant have rights and duties to perform. The main duty of the landlord is to meet the warranty of habitability; ensuring the premises is safe and is in livable condition.

Whereas the duty of the tenant is to pay rent, ensure the environment occupied is neat, avoid causing problems for individuals around and refrain using the property for illegal purpose.

The right transferred by lease is an agreement by the tenant (the assignor) to transfer all of his or her rights, title, and interest in the lease to another person (the assignee).

A sublease is the lease of a property by a tenant to a subtenant.

5 0
3 years ago
Rick prepared financial statements for MegaCorp knowing that it was going to use his statements to apply for a loan with Big Ban
Ymorist [56]

Answer:

The correct answer is the option D: Both the foreseeable doctrine and the restatement doctrine.

Explanation:

On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.

On the oher hand, the <em>restatement doctrine</em> establishes that there are a set of treatises on legal subjects that primarily are looking for to inform judges and lawyers about general principles of common law. And therefore that those treatises will help both the judge and the lawyers at the time of the trial when the person has to go to court.

3 0
3 years ago
Which of these is an essential characteristic of a command economy
kari74 [83]

Answer:

does not allow market forces like supply and demand to determine what how much and at what price they should produce goods

3 0
3 years ago
Greece can produce either 100 bushels of oranges or 20 bushels of tomatoes using all of its available resources, and Turkey can
lakkis [162]

Answer:

100 bushels of oranges

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

for Greece

opportunity cost of producing oranges = 20 / 100 = 0.2

opportunity cost of producing tomatoes = 100/ 20 = 5

For turkey

opportunity cost of producing oranges = 30 / 40 = 0.75

opportunity cost of producing tomatoes = 40 / 30 = 1.33

Greece has a comparative advantage in the production of oranges. If it specialises in the production of oranges, it would produce 100 bushels

8 0
3 years ago
Lester's is a globally diverse company with multiple divisions and a cost of capital of 15.8 percent. Med, Inc., is a specialty
eimsori [14]

Answer:

both companies should invest because the NPV of both companies are positive

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = - $8.4 million

Cash flow in year 1-7 =  $2.2 million

NPV of Lester with I of 15.8% = 0.54 million

NPV of Med Inc with I of 13.7% = 1.12 million

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

0.54

1.12

5 0
3 years ago
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