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Lesechka [4]
4 years ago
10

What characterizes developing economies? Check all that apply.

Business
2 answers:
vladimir1956 [14]4 years ago
6 0

Answer:

A. a growing industrial economy

D. a focus on agricultural activity

Explanation:

The economies of developing countries are characterized by;

a growing industrial economy

a focus on agricultural activity

zhenek [66]4 years ago
3 0

Answer:

A. a growing industrial economy

D. a focus on agricultural activity

Explanation:

What characterizes a developing economy is the rapid pace of GDP and improved social indicators such as rising living standards and the rise of the middle class. GDP will be accelerated as production in the country increases. This production depends on the productive structure of the country, which may be more industrial, such as China, or more agricultural, such as Brazil. In both cases, increased production combined with improved indicators show that the economy is developing. Therefore, options (A) and (D) are correct.

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Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.84. Suppose that in Year 1, disposable in
Ede4ka [16]

Answer:

$64,48 billion

Explanation:

marginal propensity ( MPC ) = 0.84  i.e ratio of disposable income to consumption is $1 to 84 cent

YEAR 1 disposable income = $412 billion

year 1 consumption =  $368 billion

year 2 disposable income = $540 billion

calculate the level of saving in year 2

from given data

consumption = Co + 0.84 * 412

368 = Co + 346.08

therefore Co = 21.92

therefore for year 2

Consumption = Co + 0.84 * 540

                     = 21.92 + 453.6 = $475.52

hence savings level = disposable - consumption = 540 - 475.52 = $64,48 billion

8 0
4 years ago
​janice is starting a new business and is confused about how to determine the price to set for her product. she comes to you for
VARVARA [1.3K]
<span>The two major factors are the supply of the product and the demand for it. These work together to set an equilibrium price that would be considered the market rate for the item under consideration. Changes and shifts in either of the two factors will cause the market price to change accordingly.</span>
4 0
3 years ago
Moor Company: If overhead is applied to production basis of direct labor cost, what predetermined overhead rate was in effect du
snow_tiger [21]

Answer:

The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours

Explanation:

if the annual budget is based on a production quantity of 10,000 units and the direct labor required for each unit is three hours, the total direct labor is 10,000 x 3 or 30,000 hours. The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate.

5 0
4 years ago
A characteristic of the market system is:A. Extensive use of direct methods of productionB. A focus on labor, as opposed to capi
riadik2000 [5.3K]

Answer: Option C

Explanation: In a market system, the suppliers are willing to produce those goods that have value to the consumers directly or indirectly. The focus is on maximizing output for achieving the economies of scale so that goods could be sold at a lower price, thus, increasing the sales.

Hence,the suppliers in case of market system use more of capital goods as they produce more output and relatively shortens the cost per piece.

Thus, the correct option is C.

5 0
3 years ago
Business cycles occur as a result of supply and demand shocks that are caused by I. irregular innovation II. changes in producti
PilotLPTM [1.2K]

Answer:

The correct answers are numbers (I), (II), (III), and (IV).

Explanation:

Business cycles are the ups and downs of the overall economy. Those fluctuations are caused by "shocks" that are the result of <em>the slow periods coming after irregular innovations, increases or decreases in productivity levels, increase or decrease of money supply, </em>and <em>major political events like war.</em>

5 0
3 years ago
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