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3 years ago

What role does the government play in the economy's circular flow?

1 answer:

4 0

Depends are we talking capitalism, or socialism.

In capitalism there is no government intervention in the Economy, no laws, nothing.

In socialism, the government controls all of the economy, Tarriffs, Hours, etc.

So the government is supposed to play the middleman to help the people, but also the businesses, as such the united states had introduced less work hours, to help increase the productivity of the workers, which did indeed work.

You might be interested in

Why did Guardbark want people to not disturb the trees?

vichka [17]

Answer:

Why did the Guardbark want people to leave trees alone? ... He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.

I found this answer on google so I hope this helps.

3 0

3 years ago

Read 2 more answers

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7

LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

4 0

3 years ago

Cart Co. purchased an office building and the land on which it is located for $750,000 cash and an existing $250,000 mortgage. F

Nat2105 [25]

Answer:

$600,000

Explanation:

The computation of the amount to be recorded for the building is shown below:

But first we have to determine the total acquisition cost of land which is as follows

= Cash + mortgage

= $750,000 + $250,000

= $1,000,000

Now it is mentioned that 60% is allocated to the building

So, it would be

= $1,000,000 × 60%

= $600,000

5 0

3 years ago

On January 1, 2016, Skyward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years,

never [62]

Answer:

$60,000

Explanation:

Double declining method is a depreciation method used to expense the cost of an asset.

Depreciation expense using the double declining method = Depreciation factor × cost of asset

Deprecation factor = 2 (1/useful life) = 2(1/8) = 1/4

Depreciation expense in 2016 = 0.25 × $320,000 = $80,000

Net book value = $320,000, - $80,000 = $240,000

Deprecation expense in 2017 = 0.25 x $240,000 = $60,000

I hope my answer helps you

3 0

3 years ago

Alton works in Energy Transmission. At which location could Alton possibly work?

vovangra [49]

He could possibly work on power lines because it used electrify with creates energy transmission

7 0

3 years ago

Read 2 more answers