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neonofarm [45]
3 years ago
10

Economists were sharply divided over how to best fight the Great Recession. A vocal minority of economists favored the "Structur

al Solution," arguing that the economy needs to undergo some structural adjustments and that government should, therefore_________
Business
2 answers:
mel-nik [20]3 years ago
6 0

Answer:

rely on the invisible hand of the market to reallocate resources,

Explanation:

The invincible hand was adams Smith's idea which is defined as an observable market force that helps the demand and supply of goods in a free market to attain equilibrium naturally without government intervention in the market thereby leaving the people alone to buy and sell freely among themselves . This would naturally choose type of goods to be produced and reduce resource waste by closing Down weak markets that produce less demanded products.

mezya [45]3 years ago
6 0

Answer:

rely on the invisible hand of the market to reallocate resources, by letting weak  firms die out quickly.

Explanation:

The financial crisis brought about a real crisis and led to the Great Recession. Some economists were of the opinion during this period that stabilization from the government would not be enough to recover and rebalance from the crisis. Hence they called for some structural adjustments to be made, which ensured that the government kept a blind eye to the recession problem by not helping smaller firms, rather they should allow the invisible hand of the market to be at work and reallocate resources in such a way that the weak organizations would die a natural death quickly.

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Sandra has a young child and would like to set money aside for her college education. Which type of savings option should Sandra
Mrac [35]
The answer would be a 529 plan.
5 0
4 years ago
Read 2 more answers
What would happen to the U.S. economy if all or most manufactures here made 80-85% of their own parts like SpaceX and Tesla?
bazaltina [42]

Answer:

The U.S economy won't fall, but it will have some problems.

Explanation:

Now,

If all  manufactures start making their own parts, the U.S Government wont have any customers to buy the resources needed to make a part. These Manufacturers will have to make mines and factories of their own to do this. It is unlikely that manufacturers will make factories or mines to make their own parts because it is going to be a huge project and its going to cost a lot of money which will be a lose-lose situation because both the U.S and the manufacturers are not going to benefit.

5 0
3 years ago
For the past twenty years, Curtis purchased its jewelry-cleaning kit components from Evans' Suppliers, a local company that rece
bazaltina [42]

Answer:

Explore the priorities within your own company, and find out what the Curtis stakeholders, e.g., manufacturing, marketing, need from avendor. You decided that your first step should be to explore the needs within your own company. This was the best choice. You would need toknow what the priorities and needs for Curtis stakeholders are before you can begin to evaluate vendors.

6 0
3 years ago
Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma
swat32

Answer:

Ending inventory= $5,040

Explanation:

Giving the following information:

Beginning Inventory= 1000 units for  $7.20

Mar. 10: Purchase= 600 units for $7.25

Mar. 16: Purchase= 800 units for $7.30

Mar. 23: Purchase= 600 units for  $7.35

Marvin sold 2,300 units.

Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.

Ending inventory in units= total units - units sold

Ending inventory in units= 3,000 - 2,300= 700 units

Ending inventory= 700*7.2= $5,040

8 0
3 years ago
Division of labor improves efficiency on the job because it uses the concept of ____.
Natasha2012 [34]
<h2>Answer 1</h2>

Specialization

<h3>Explanation</h3>

Specialization is when an individual specializes and masters one particular art or service. This then leads to a division of tasks within the business arena and allowing each worker to focus on a particular aspect of work. Break up of tasks allows efficiency to prevail within the business arena and hence achieve success. Division of labor therefore can prevail by ensuring specialization being practiced.

<h2>Answer 2</h2>

the combinations of two goods that can be produced if the economy uses all of its resources fully and efficiently

<h3>Explanation</h3>

Production Possiblities frontier focuses on understanding if all the resources present in the economy are implemented for the production of two goods such as consumer and capital goods, what is the trade off that will take place to produce an increased amount of one type of goods and to let go off the other type of the good. Hence the frontier is like a mirror image of Alphabet 'C'.

4 0
3 years ago
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