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DiKsa [7]
4 years ago
12

U.S. businesses are known for their technological advances and their ability to implement change true false

Business
1 answer:
Andrej [43]4 years ago
7 0

Answer:

U.S. businesses are known for their technological advances and their ability to implement change;

True

Explanation:

The united States can be described as the pioneer in the free market economy. The free market economy generally means that private businesses control how the market behave with little interference from the government. This allows market forces of supply and demand to take precedence in deciding market prices of goods and services. For example, when the demand for a certain good or service exceeds the supply, the price of that particular good will rise. On the other hand, when the demand for a particular good or service is lower than the supply, the price of the good or service drops. The equilibrium price is the price where the forces of demand and supply balance.

The free market system relies majorly on competition between businesses. Economist like Adam Smith postulated that if a free market runs it's course without interference, the equilibrium price will be ultimately reached. Since in a free market there is a lot of competition, most businesses will have an incentive to improve their technology and also adapt to change faster to gain competitive advantage over it's peers.

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Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
stich3 [128]

Answer:

b

"Saving for a Rainy Day"

Explanation:

"saving for rainy day' is a phrase that means putting some money a side  for use in times of need. The phrase encourages  people to save money for emergency use.  As a rule of thumb, one should have at least three times their normal income as savings.

8 0
3 years ago
Sam has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
mr Goodwill [35]

Answer:

Sam can easily determine that the Panaview model has a lower price than the Zony model. ⇒ UNIT OF ACCOUNT

Sam saved $30 per week. ⇒ STORE OF VALUE

Sam pays $140 for the Blu-Ray player. ⇒ MEDIUM OF EXCHANGE

Explanation:

The four main functions of money are:

  1. it serves as a unit of account: it provides a common measure of the value of goods and services being exchanged.
  2. it serves as a store of value: money holds its value over time, so it serves as a store of value.
  3. it serves as a medium of exchange: you can use money to purchase goods and services
  4. it serves as a standard of deferred payment: money serves as a way of valuing a debt, so you can acquire goods now and pay for them later.
4 0
3 years ago
When a student is given two seemingly different problems to solve, but the problems have the same underlying logical requirement
zysi [14]

The correct answer is the salience of surface similarities. The salience of surface similarities are likely to focus more on the surface level properties by which they are likely to be opposed to the underlying principles that are being shared.

7 0
3 years ago
What type of hazard could occur by wearing jewelry while preparing food
lbvjy [14]

Answer:

it can fall into the food

3 0
3 years ago
What is investment firms?
Anvisha [2.4K]

Answer:

An investment firm or fund is a partnership, trust or corporation that “pools” money from shareholders and invests it in the appropriate security instruments and multiply investment money.

3 0
3 years ago
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