The kind of economy can be matched to their description as :
- The government decides what is produced, along with how much is produced. (Command economy ).
- The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas. (Mixed market economy)
- The government has no involvement or decision-making in what or how much is produced. (Pure market economy)
What is an economy?
An economy can be described as the area of the production as well as the distribution and trade which involves the consumption of goods and services.
It should be noted that it is a social domain that emphasize the practices, discourses, that can be attributed to with the production, as well as management of scarce resources'.
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CHECK THE COMPLETE QUESTION:
Match the term with the type of economy/
the government decides what is produced, along with how much is produced. the government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas. the government has no involvement or decision-making in what or how much is produced
Answer:
It helps them but not a major impact
Explanation:
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Answer:
FV= $330,942.65
Explanation:
Giving the following information:
Lloyd, who is 25 and expects to retire at age 60, has just been hired by the Chambers Corporation.
Ms. Lloyd's current salary is $30,000 per year,
Her wages are expected to increase by 5 percent annually over the next 35 years.
Chambers has a defined benefit pension plan in which workers receive 2 percent of their final year's wages for each year of employment.
We need to use the final value formula:
FV= PV*(1+i)^n
In this exercise:
FV= [30000*(1.05^35)]*1.02^35= $330,942.65
Answer:
C) The Japanese will sell steel at a lower price abroad than they will charge domestic users.
Explanation:
Since the price elasticity of demand (PED) is higher abroad than in Japan, by exporting at a lower cost, the company is increasing the quantity exported in a greater proportion than it would if it sold the steel locally.
Price elasticity of demand (PED) measures how much does the quantity demanded of a good changes in proportion to a change in its price. For example, if the price increases by 10% but the demand only decreases by 5%, the PED is inelastic (= 5% / 10% = 0.5).
When
- PED < 1, it is inelastic
- PED > 1, it is elastic
- PED = 1, it is unitary
EXPLANATION:
Let the no. of screens in Ohio be n.
So, no. of screens New York = n + 4
Total no. of screens= 52
Finding the value of n:
n + n + 4 = 52
=> 2n + 4 = 52
=> 2n = 52 - 4
=> n = 48/2
=> n = 24
ANSWER: There are 24 movie screens in Ohio & (24+4) 28 movie screens in New York.
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