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
Amiraneli [1.4K]
3 years ago
14

What type of economy is an economic system in which private businesses can operate freely with minimal state control?Henry lives

in a country where the government gives many incentives to produce military goods and few incentives to produce consumer goods. Henry knows a more efficient way to finish his task at work and feels like sharing it with his boss. However, he has no incentive to share it. Which type of economy does Henry most likely live in?
Business
1 answer:
Sonja [21]3 years ago
3 0

Answer:

Private business freedom : Capitalist or Market Economy. Henry is more likely in Socialist Economy.

Explanation:

Economy type in which private sector has full freedom, un-intervened by government or state control is Capitalist or Market Economy. Profit maximisation motive & high consumer choice, sovereignity such economy's main features.

Henry's country which gives incentives to reallocate production choice 'what to produce' (from consumer goods to military goods). He has more efficient idea for work implementation, but lacks incentive (probably due to lack of creative & innovative ideas reward). These features characterise a Socialist Economy, in which government or state has supreme power over central economic decisions. Social welfare is considered priority, government monopoly curbs innovation & creativity, there is less consumer choice, sovereignity.

You might be interested in
Fact Pattern: Conner purchased 300 shares of Zinco stock for $30,000 in 1994. On May 23, 2013, Conner sold all the stock to his
Paul [167]

Answer: Loss from sale of Zinco stock = $10,000

Explanation:

Given that,

Conner purchased 300 shares of Zinco stock for $30,000 in 1994

On may 23, 2013 conner sold all the shares to his daughter for $20,000

This clearly shows that conner incurred a loss of $10,000 from selling it to his daughter.

Hence,

Loss of $10,000 should be deducted from sale of zinco stock in 2013.

8 0
3 years ago
2. State the accounting equation.
ladessa [460]

•ω• Hewo fren!

☆☆●◉✿ Answer:✿◉●☆☆

The accounting equation formula is Assets = Liabilities + Equity.

☆☆●◉✿Step-by-step explanation:✿◉●☆☆

Liabilities + Equity = Assets :3 I’m vewy sowy ➖〰️➖

6 0
3 years ago
You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i
MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)  

          = (dP/dt) 40 + 20,000*3 < 0

          = (dP/dt) 40 < 60,000

         = dP/dt < 60000/40

         = dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

3 0
3 years ago
Read 2 more answers
You are in a line at the bank drive-through and 9 cars are in front of you. You estimate that the clerk is taking about four min
omeli [17]
What i would do is multiply the 9 cars by 4 because I need to take the 4 minutes and apply it to all the cars in front of me. 9 x 4 = 36. I calculate that I would wait 36 mins for it to be my turn.
5 0
3 years ago
Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her mo
Elza [17]

Answer:

two qualities candace should look for...

Explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

6 0
3 years ago
Other questions:
  • When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After ma
    12·1 answer
  • Steady As She Goes Inc. will pay a year-end dividend of $3.40 per share. Investors expect the dividend to grow at a rate of 5% i
    13·1 answer
  • As pointed out by Orange​ Photography, routine requests have the same three parts as all business messages. These parts are the​
    9·1 answer
  • The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup cre
    15·1 answer
  • Which of the following statements is CORRECT? Group of answer choices
    10·1 answer
  • Flint Corporation traded a used truck (cost $21,600, accumulated depreciation $19,440) for a small computer with a fair value of
    5·1 answer
  • When a principal falsely leads a third party to believe that another individual serves as his or her agent, the principal has cr
    5·1 answer
  • A firm has just paid its annual dividend of $5.64 a share. Thereafter the dividend is expected to increase at a rate of 2% a yea
    6·1 answer
  • The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits
    11·2 answers
  • Although evaluation is a critical question in the public relations process, a public relations practitioner does not have to det
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!