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2 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

Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to ex

Goryan [66]

Answer:

Cultural Relativism

Explanation:

Cultural relativism basically implies that other people's values, norms and morals should be understood and respected, rather than judged, usually from the viewpoint of another culture, as the saying goes when in Rome, act like the Romans.

Therefore, Three Torque Inc. has demonstrated Cultural Relativism in deciding to respect the ethics of countries that prohibit facilitating payments.

6 0

3 years ago

John is a journalist. He went to a product demonstration for a new computer. Some of what he heard was informative, while the re

yan [13]

The two sentences meant to persuade are the following: "This is something no other computer can do at present. This is the best buy on the market." These two sentences definitely compel the customers to buy or at least want to buy the item. The other sentences merely provide information to the customers but aren't decisive or directly decisive in the buyer's decision making.

8 0

2 years ago

Read 2 more answers

You're prepared to make monthly payments of $400, beginning at the end of this month, into an account that pays 5 percent intere

Gre4nikov [31]

Answer:

Explanation:

In this question we use the NPER function that is shown in the excel spreadsheet

Given that,

Present value = $0

Future value or Face value = $26,182

PMT = $400

Rate = 5% ÷ 12 months = 0.41666%

The formula is shown below:

= NPER(RATE,PMT,-PV,FV,type)

The PMT come in negative

So, after solving this, the number of payments is 58

6 0

2 years ago

Giancarlo was just hired to revive an ailing publishing company. He would like to see a financial picture of the company at this

Alex

Answer:

balance sheet

Explanation:

A balance sheet is one of the most essential financial statements that helps accountants and managers grasp the financial structure of the company, at a certain point of time.

The balance sheet clearly states the company's assets, liabilities and stockholders' equity, rigorously adhering to the basic accounting equation:

Assets = Stockholder's Equity + Liabilities

The equilibrium of the equation above is non-negotiable; it relies on common sense too. Every company owns things - assets, which were obtained with the aid of a e.g. bank loan - liability, or investor money - stockholders' equity.

These three groups can be further itemized into smaller, concrete accounts. Also, the liquidity principle is applicable in terms of ordering the items in an increasing liquidity order.

The time context is also an important distinction of this specific financial statement. While statements such as the P&L statement refer to a specific time interval (year, quarter...), the balance sheet reflects a specific point of time.

6 0

2 years ago

Economists' estimates of price elasticities can differ somewhat, depending on the time period and on the markets in which the

wolverine [178]

Answer:

Range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).

Explanation:

Percentage increase in price = 10%

Percentage reduction in quantity demanded = 3% to 5%

We are taking percentage change in the quantity demanded is equal to 3% for now.

Initial price elasticity of demand for cigarettes:

= Percentage change in quantity demanded ÷ Percentage change in price

= -3 ÷ 10

= -0.3

Now, we are taking percentage change in the quantity demanded is equal to 5%.

price elasticity of demand cigarettes:

= Percentage change in quantity demanded ÷ Percentage change in price

= -5 ÷ 10

= -0.5

Therefore, the range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).

5 0

3 years ago