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vlabodo [156]
3 years ago
13

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market

economy.Which of the following would you include in your report as weaknesses of Agoria's economy? Check all that apply.Occupational choices can be restricted.The economy experiences economic fluctuations, which are alternating periods of expansions and recessions in their level of economic activity, especially in employment and production.Because government is responsible for all production, the variety of products tends to be limited.People with no resources to sell could starve (income is distributed unequally).
Business
1 answer:
Marta_Voda [28]3 years ago
3 0

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

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Identify and explain each of the situational influences that are described in this scenario: Which situational influence was not
12345 [234]

Answer:

Physical surroundings.

Explanation:

Ruth wants to buy special gift for her best friend's baby shower party. She has invited her sister to help her out with the selection in the shopping. Situational influence is described but there is no hint of physical surrounding. Author has not mentioned anything about the physical surrounding in the passage.

6 0
3 years ago
Problem 11-21 Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random bas
Papessa [141]

Answer:

a) the order size of item X should be 137 units

b) the annual ordering cost for item X is $ 272.99

c) the annual holding cost for item X is $ 274

Explanation:  

Given the data in the question;

a) Whenever item X is ordered, what should the order size be?

The Economic Order quality EOQ is the optimum quantity that should normally be ordered, its is expressed as;

Q_{opt = √( 2DS/H)

where D is the annual demand, S is set up cost and H is the holding cost.

given that; the annual demand is 1700 units and the holding cost is $4 per unit per year, cost of placing order is $22.

So, we use the Economic Order quality EOQ;

Q_{opt = √( 2DS/H)

we substitute

Q_{opt = √( (2 × 1700 × 22 ) / 4)

Q_{opt = √( 74800 / 4 )

Q_{opt = √18700

Q_{opt = 136.75 ≈ 137 units

Therefore, the order size of item X should be 137 units

b) What is the annual cost for ordering item X.

Annual ordering cost = actual number of placed orders × cost of each order

Annual ordering cost = D/Q × s

we substitute

Annual ordering cost = (1700 / 137) × 22

Annual ordering cost = 12.408759 × 22

Annual ordering cost = 272.99

Therefore, the annual ordering cost for item X is $ 272.99

c) What is the annual cost for storing item X.

Holding cost = average inventory × cost of storage per unit

Holding cost = Q/2 × H

we substitute

Holding cost = 137/2 × 4

Holding cost = 68.5 × 4

Holding cost = $ 274

Therefore, the annual holding cost for item X is $ 274

5 0
3 years ago
Financial markets are generally recognized as being semi-strong form efficient, which means
bonufazy [111]

Answer:

The correct answer is letter "B": all publicly available information is reflected in current prices.

Explanation:

Within the Efficiency Market Hypothesis (<em>EMH</em>) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.

8 0
4 years ago
Explain the difference between an absolute minimum and a local minimum.
Crank

Answer: An absolute minimum occurs at the x value where the function is the smallest, while a local minimum occurs at an x value if the function is smaller there than points around it (i.e. an open interval around it)

5 0
3 years ago
Write a 700- to 1,050-word paper that evaluates the impact of implementing triple aim goals nationally.
Luba_88 [7]

Answer:

These were the "Tripple aim goals"

  • Improving quality and satisfaction
  • Improving the health
  • Reducing the per capita cost of health care

Explanation:

The United States has the most expensive healthcare in the world. It also has the best healthcare in the world. This may contend from a different perspective, but one point of view outplays them all and that is the freedom of choice to choose our healthcare benefactors. There’s enormous flexibility in the American system that other countries can only dream of. Its system could be better, and to do that we have to look at what would make it better. There are different phases of our healthcare that are not practicing what we would want them to be and when we look to people for answers we turn up with a three-pronged approach to making our healthcare live up to everybody’s expectations. If we look at the three aims:

• Improving quality and satisfaction for the patient experience of care,

• Improving the health of populations,

• Reducing the per capita cost of health care.

It doesn’t take long to realize that the three are closely interwoven. For example, if we asked 50 people about a particular list of complaints about their healthcare, I would stake good money that every single one had a high cost on it. The high cost of healthcare has been a favorite whipping boy in this country for some time now, and it doesn’t look like that is going to transform, the question is can it?

Genuinely, we need to lower costs is civilizing the health of the individual populations, and patient satisfaction. Healthy individuals don’t go to the doctor as much and lower their costs, satisfied people do the same, they are happy with the cure they got and don’t unnecessarily spend money on going to another doctor. So the Problem statement becomes how do we tackle the issue and what will it bring?

If we take a small group of people perhaps 50 and we just automatically lower their costs so that they pay thirty-five cents on the dollar, then we have accomplished two of the objectives. Apparently, we can’t just do that in real life we would have to take many steps to be able to do this, among them would be to advance the quality of their care. But, once we got started on each of the three goals, then we would see a synergistic effect in the other areas, and soon it would feed on itself.

At the beginning of the last century, Henry Kaiser had combined wealth as well as several companies, not to mention about 60,000 employees. He struggled with every aspect of a dissatisfied customer when the time came for his employees and their healthcare. Nothing seemed to get it to where he wanted it to be cost-wise and satisfaction-wise. Not to mention the overall health of his employees. With the issue of putting many times the effort into healthcare that other companies did, none of them were better-off, and none of them were any healthier than anybody else in the country. Until he took the bold step of bringing healthcare “in-house”. He formed his private clinic and hospital medical staff, and to this day it stands as a paragon of medical service and still outperforms all other healthcare in the country.

Noticeably, taking the same approach as Henry Kaiser would result in the same results, although it would be many times more difficult and would require that we vote on it as a nation.

If the President of The United States could take one-sided action much as Henry Kaiser did, and treat our people as a father would his children, then we could accomplish this goal quickly. Since that is not possible, let us assume that we have spent 50 years taking baby steps and finally we have achieved our goal and every one is 100 percent happy with how their healthcare works and what happens, and we have reduced diseases as we know them and there is a sense of prosperity over the country.

First, the impact would allow us more free time, since we would not be spending it being sick or catching up on school or work from being sick.

Second, there would be free money in that there would be so much of our finances freed up, some estimate as much as a 30-32% increase in our income, then would be the increased maturity, some estimates are as high as 150. There would be decreased traffic, decreased crime, etc... When all is said and done, we would marshal in a golden age for mankind and there are penalties and benefits that we could debate about for years, and would never even guess at until it happens. There are many things that we simply would not expect until we actually consummate the goal.

For more content like this visit Brainly;

brainly.com/question/28179570

#SPJ4

6 0
2 years ago
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