All categories

3 years ago

Do any economic systems in the world reflect the purest forms of command or laissez-faire economies?

Business

1 answer:

Mumz [18]3 years ago

5 0

No, there is no any economic systems in the world that reflect the purest forms of command or laissez-faire economics.

Because in most economies, government plays an important role and if it is not, there is some kind of involvement of government is must be in the system. The government can use many ways to involve in the economic system.

You might be interested in

The operations vice president of Security Home Bank has been interested in investigating the efficiency of the bank’s operations

AURORKA [14]

Answer:

The computation of the activity rates for the activity-based costing system is shown below:-

Explanation:

Opening Processing Processing Other Totals

accounts Deposits and other activities

Withdraws Customers

transactions

Teller wages $5,800 $108,750 $26,100 $4,350 $145,000

Assistant

branch

manager

salary $4,800 $6,600 $16,200 $32,400 $60,000

Branch

manager

salary $3,760 $0 $20,680 $69,560 $94,000

$14,360 $115,350 $62,980 $106,310

Working Note

Opening Processing Processing Other

accounts Deposits and other activities

Withdraws Customers

transactions

Teller

wages ($145,000 × 4%) ($145,000 × 75%) ($145,000 × 18%) ($145,000 × 3%)

Assistant

branch

manager

salary ($60,000 × 8%) ($60,000 ×11%) ($60,000 × 27%) ($60,000 × 54%)

Branch

manager

salary ($94,000 × 4%) ($94,000 × 0%) ($94,000 × 22%) ($94,000 × 74%)

Activity Activity cost Cost drivers Activity rate

Opening accounts $14,360 230 $62.43

Processing deposits

and Withdrawals $115,350 51,000 $2.26

Processing other

customers

transactions $62,980 1,150 $54.77

4 0

3 years ago

1. Which of the following courses in high school would be most helpful for a person wanting a

den301095 [7]

Accounting is the course which will be most helpful.

Accounting is one of the courses that are offered in high school along side others courses such as Business management, Consumer education, Entrepreneurial skills and so on in the "business section".

Finance means the act of managing of money by individuals, governments or large companies. individual with this skills are highly sought for to help the organization manage its resources effectively.

In conclusion, Accounting teaches a wide range of money management skills, how to record transaction for future purpose, so, the most helpful course for a person wanting a career in finance is "Accounting"

Learn more about this here

brainly.com/question/4992099

3 0

3 years ago

If the quantity supplied responds only slightly to changes in price, thenA. supply is said to be elastic.B. even a large decreas

Murrr4er [49]

Answer:

D. supply is said to be inelastic.

Explanation:

When the change in the quantity supplied of any good is less sensitive due to change in the price, then the supply is known as the inelastic and If the quantity supplied responds only slightly to changes in price, then supply is said to be inelastic.

6 0

3 years ago

A business formed by two or more individuals who each have unlimited liability for all of the firm's business debts is called a:

AlexFokin [52]

Answer:

4. general partnership.

Explanation:

A general partnership is when at least two people come together to form a business. These partners would have unlimited liabilities.

A sole proprietorship is A form of business owned by one person who has unlimited liabilities.

A corporation is a a form of business owned by many people known as the shareholders. The shareholders have limited liability.

A limited liability company is owned by at least two partners that have a limited liability.

A limited partnership is a type of partnership with two types of partners- the limited partner and the general partner. The limited partner has limited liability and he is not involved in the daily running of the business while a general partner has unlimited liabilities and she is involved in the daily running of the business.

I hope my answer helps you

6 0

4 years ago

Palli Company has a division that manufactures a component that sells for $63 and has variable costs of $12 and fixed costs of $

Ahat [919]

Answer:

minimum transfer price $12

Explanation:

The minimum transfer price should be the cost to produce the additional units to transfer. AKA marginal cost

In this case, the division faces $12 of variable cost to produce a single unit.

As long as the units to transfer are within the relevant range of the current capacity the fixed cost are irrelevant for the transfer price as these are sunk cost (already incurred)

7 0

4 years ago

Do any economic systems in the world reflect the purest forms of command or​ laissez-faire economies?

Do any economic systems in the world reflect the purest forms of command or laissez-faire economies?