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3 years ago

Discuss whether or not consumers benefit more from a market economic system or a mixed economic system. *

Business

1 answer:

storchak [24]3 years ago

7 0

Answer:

compared to a mixed economy, a market economy tends to benefit the consumers.

This is mainly because the government intervention and restrictions are minimum in a market economy, compared to a mixed economy in which the government plays a major part as an economic agent and a regulator.

A free market system's main aim is to enhance the competitions and the freedom of choice for the consumers.

However, in the real world scenarios, pure free market systems are difficult to be seen and most of the time, the economies are Mixed economies.

Even in USA's economy 40% of the economy consists of the government agencies and activities.

This is mainly due to the economic malpractices by the producers and corporations.

Explanation:

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Quentin operates an ice cream franchise that has shops throughout the United States. CoolCream Co., the franchisor, supplies the

denpristay [2]

Answer:

The correct answer is D

Explanation:

Arrangement of manufacturing or processing-plant is the one which defines the relationship where the franchisor transmits or shifts to the franchisee for the essential ingredients or for the specifications in order to make the specific product. And then the franchisee will market at the retail or wholesale level as per the standards of the franchisor.

So, in this situation, the franchisor supplies the essential ingredients of the franchisee for his store and then the franchisee sold to customers the ice cream. Therefore, this relationship is regarded as manufacturing or processing-plant arrangement.

6 0

3 years ago

A Coase solution to a problem of externality ensures that a socially efficient outcome is to internalize the externality through

ANEK [815]

Answer: Maximize joint welfare in respective or the right owner.

Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.

8 0

3 years ago

Which of the following is the deliberate process through which someone becomes aware of personal skills, interests, knowledge,

ANTONII [103]

Answer:

Career planning

Explanation:

Career planning is self-assessment and preparation undertaken by an individual who has a decent career path. Career planning phase is a continuous process of discovering oneself, establishing career aspirations, evaluating skills and finding the best career opportunities.

5 0

4 years ago

Which of the following statements is true? A. The law requires a home inspection prior to every property transaction. B. Most ho

SOVA2 [1]

The correct option is A.
Home inspection refers to the examination of the condition of a home prior to buying. Home inspections are usually conducted by professional home inspectors who had been trained on that field. The law demands that a property should be inspected prior to buying and selling of that property. Home inspection is done purposely to identify any problem that might be associated with the property.

8 0

3 years ago

On January 1, Year 1, Ballard company purchased a machine for $28,000. On January 1, Year 2, the company spent $7,000 to improve

timofeeve [1]

Answer:

$23,520

Explanation:

The computation of book value of the machine is shown below:-

Machine cost $28,000

Less: Depreciation $4,200

($28,000 - $2,800) ÷ 6

Book Value at beginning

of Year 2 $23,800

Add: Improvements $7,000

Total $54,600

Less: Accumulated

Depreciation for 3 years $31,080

($54,600 - $2,800) × 3 ÷ 5 years

Book Value Dec 31, Year 4 $23,520

3 0

3 years ago