1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
3 years ago
7

The largest component of GDP by far is A. net exports. B. personal consumption expenditures. C. government purchases of goods an

d services. D. gross private domestic investment. If a household purchases a new car and a new​ refrigerator, this would be classified as spending on A. consumer services. B. consumer durables. C. consumer nondurables. D. None of the above.
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

B. personal consumption expenditures.

B. consumer durables.

Explanation:

The GDP is the value of the products and services that are produced by a country. It is the result of adding consumption, government purchases, investments and net exports and frequently, the largest one of this components is consumption as it includes the expenditures of all the households.  

Consumption includes durable, non-durable goods and services. The durable goods are products that doesn't get damage quickly like cars, jewelry and appliances.

You might be interested in
Melissa is an early-maturing girl. compared to her late-maturing friends, we can expect melissa: to have a higher self-esteem. t
padilas [110]
To complete the statement above, it is best to describe Mellisa to engage in early sexual experiences, it is because hormones starts changing at this stage where it is usually active. In terms of having high self esteem, it is incorrect because early maturing girls tend to have low self esteem and they tend to be unsatisfied with their body.
5 0
3 years ago
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate
harina [27]
3. For a perfectly competitive market to function properly, buyers and sellers must have access to adequate information. Adequate information is such information that the purchaser considers important for him. So the purchaser, company or investors should have an opportunity to get the information how it is.

4. Natural monopoly can be explained like the situation where one company can supply market's entire with some unique raw materials or technology. So there can't be more than one company which provides this material or technology. According to this, I think the answer is diamonds.

5. As far as I remember, oligopoly is a market that has a few firms dominating the market. That means there is a small competition as there are small number of buyers and sellers.

6. If my memory serves me well, economies of scale happen <span>when a firms' long run average costs decrease with output. So if there is no economies of scale, I'm pretty sure that costs go up.

7. I think that correct definition looks like this: Combination of two or more companies in a single firm is called a merger. Resources of both companies are pooled together, and the owners of each company remain owners. There are to types of merger entities:
-Horizontal integration - if the merged companies are competitors.
- Vertical integration - if the companies are supplier and customer.

8. I am definitely sure that the answer is: </span>Offering products of different tastes and shapes is an example of non-price competition. That means that the competing companies wouldn't challenge by lowering the prices. Every competitor will focus on highlighting benefits of their product, to show that their product is better than another one.

9. The controller of a monopoly sets the price of goods by charging the price at which the profit is maximized. Monopoly is a firm which has no competition, so they doesn't have to worry about losing their customers. Company can set monopoly price which is pretty much higher than products marginal cost. That allows company to have maximum profit.

10. Many critics argue that government efforts to regulate industries have caused inefficiencies. Inefficiency means that the company can't achieve enough productivity. This caused because of high taxes, bureaucracy and other factors.

11. This agreement is called price-fixing. Companies which have come to this conspiracy can't sell goods below fixed price. There are many way to fix price by setting the price high or low. That leaves customer no choice and makes him to buy product at the fixed price.

12. D<span>eregulating industries is not a method that the government uses to intervene and prevent firms from controlling the price and supply of important goods. Deregulation of industry means that government power in a particular industry is reduced. Deregulation removes barriers to competition.

13. I think, I'd go with this: </span><span>Price Fixing, Collusion, And Cartels. Oligopolies can arrange those three together and that lets them to charge prices like monopoly. Government stays sharp with oligopolies using this method.

14. I think it's obviously a start-up costs. Every business need money to set it up. But all of them are different and require different types of costs. So it would be appropriate to create a business plan that helps to consider different start-up costs for your business.

15. I'm 100% sure, that the answer is: C</span><span>ompared to a market with perfect competition, a monopoly often has higher prices and fewer goods. Monopoly usually provides unique raw materials and technologies. As I've mentioned before, monopoly has no competition and it lets company to charge high prices for their goods.

16. I think that the </span><span>lack of technological know-how can't prevent the company being competitive as there's not the most important factor in a particular business.

17. As far as I remember, efficiency is one of the main characteristics of competitive market, which could be achieved with minimum government intervention.

18. According to what I've mentioned above about oligopoly, correct answer should be: E</span>conomists usually call an industry an oligopoly if the four largest firms produce at least 70–80 percent of the output.

19. As I've mentioned it in question 6. total cost curve with economies of scale will decrease on the increasing output. But it refers to firms long run average total cost.

20. I'm definitely sure that the answer is: <span>It has reduced start-up costs for many businesses. Because with the Internet, there's no necessary to set up brick and mortar business. You can just build your business online by making a website. This is a huge economy.</span>
4 0
4 years ago
Read 2 more answers
Who is responsible for filing your federal tax return?
Setler79 [48]
The answer is B, your employer:)
8 0
3 years ago
In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in the form of currency (and thus two
Angelina_Jolie [31]

Answer:

(a) rr: 1/3, cr: 0.5, m:1.8 M: 1800

(b) 1500

(c) 200

8 0
3 years ago
Collaborative and co-operative approach among all the stake holders is important. This is a feature of the _______________ agile
andrezito [222]

Collaborative and co-operative approach among all the stake holders is important. This is a feature of the Dynamic system development method of  agile methodology.

<h3>What is collaborative approach?</h3>

A collaborative  learning approach  can be described as one which involves the operation of the activities or  tasks together within a  group or organization so as to make sure  that everyone participates.

It should be noted that Collaborative and co-operative approach among all the stake holders is important because it help them to work , hand in hand for the progress of the organization.

Find out more on the Dynamic system at brainly.com/question/16797306

#SPJ1

5 0
2 years ago
Other questions:
  • When interest rates on Treasury bills and other financial assets are​ low, the opportunity cost of holding money is​ _________,
    11·1 answer
  • An employee's commission is always based on total dollar sales.<br> true or false
    10·1 answer
  • The going concern assumption of GAAP implies that the firm: __________
    11·1 answer
  • Whos the real dirty dan
    7·1 answer
  • Stan, an air-conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u
    12·1 answer
  • Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs w
    5·1 answer
  • 3 best basic economic questions
    15·1 answer
  • In Los Angeles County, the median price rose 0.5% to $618,000 in June and sales fell 12.1%.
    11·1 answer
  • 1. Employees at a call centre have earned a bonus of 0.25% of their salary. The bonus that an
    10·1 answer
  • Which country has a comparative advantage in the production of baseballs? explain.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!