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RideAnS [48]
4 years ago
10

Which type of economy best represents individual preferences and a lack of government interference?

Business
1 answer:
goldenfox [79]4 years ago
5 0

Answer:

Market

Explanation:

A market economy also is known as a free economy

In a market economy,  individuals and businesses have the freedom to choose what they will buy or sell. They also determine the quantities, time, and the prices of the goods and services produced.  

In the market economy, the government and the market are separated. It means that the government does not interfere with the operations of the market. Self-interests drive Individuals' and firms' actions. The economy will have a  wide range of goods and services which offer customer options when buying.

Market economies are a hypothesis. No country in the world operates a pure market economy. The US economy, which gives buyers and sellers the freedom to choose, has some government interfere in the form of regulation.

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= -10.5/3.4489 
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= P(Z < -3.0444) from standard normal table
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P(X < 26) = (26 - 30.5)/3.4489
= -4.5/3.4489 = -1.3048
= P(Z < -1.3048) From standard normal table
= 0.09599
P(20 < x < 26) = 0.09599 - 0.00117 = 0.0948

The answer in this question is 0.0948
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4 years ago
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Answer:

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