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Mumz [18]
3 years ago
13

One of the three basic questions an economy has to face iswhere goods and services will be produced. True or False: Under market

organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with.
A. True
B. False
Business
1 answer:
Sauron [17]3 years ago
5 0

Answer:

False

False

Explanation:

The basic questions which an economy must provide answers to are: what to produce, for whom to produce,  and how to produce.

Where to produce is not one of the economic problems of an economy.

In market organization, individuals preferences is given expression through their actions in the market place, they do not communicate their preferences to other decision makers directly, rather, they act through the price system, that is the market forces also known as price mechanism.

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An october sales forecast projects 7,000 units are going to be sold at a price of $11.50 per unit. the desired ending inventory
vlabodo [156]
<span>October sales forecast projects = 7000
Sold price = $11.50
Desired ending inventory in units is 15 % higher tan the beginning inventory of 1000 units
Total October sales = ?
When we calculate the total October sale, it means we have to multiply the total units sold in October with the price per unit
Total October sales = 7000 x 11.50
= $80,500
So, total October sales are anticipated to be $80,500.</span>
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3 years ago
I have $65,000 that I need to invest but I want to make more than the bank is offering. Where can I get a high return on a short
pickupchik [31]

Answer:

Several low-risk portfolios With the higher returns:

  1. Municipal Bonds.
  2. Credit Card Rewards.
  3. Annuities.
  4. Savings Bonds.
  5. Cash Value Life Insurance.
  6. Bank Bonuses.

Explanation:

  1. Municipal Bonds: Municipal bonds are loans made to local authorities by the creditors. Cities, territories, districts, or other municipalities.
  2. Credit card rewards: Point incentives are given based on each amount you invest-one point per dollar, for example. Usually, points can be exchanged for products in the online shopping store of the incentive scheme.
  3. Annuities: Annuities are insurance contracts that pledge either instantly or in the future to pay you a steady income. You may purchase a lump sum annuity or a sequence of installments.
  4. Saving bonds: Savings Bonds are US circulated treasury tools. Treasury Department to help pay for the spending requirements of the U.S. government. They are priced at face value.
  5. Cash-value life insurance: Cash value protection is long term life insurance since it provides cover for the existence of the policyholder. Cash value insurance historically has lower premiums than term life insurance because of the cash value factor.
  6. Bank Bonuses: Bank rewards are monetary incentives anytime you opening a new deposit or checking account. You would have to set up paper checks with the bank to hold the profile up for at least a couple of years to apply for this one-time bonus.
8 0
3 years ago
An​ on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of poun
dusya [7]

Answer:

The tickets cost $208.74

Explanation:

The exchange rate is an indirect quotation from the dollar's perspective if dollar is considered to be the domestic currency.

We know that $1 =  0.618 pound

If the price of the ticked is 129 pounds, to convert it to dollars, we need to divide the pound amount by the exchange rate of dollar to pound.

Thus, 129 pounds in dollar are,

129 / 0.618 = $208.7378 rounded off to $208.74

3 0
3 years ago
The company paid $35,000 cash in dividends to the owner, jen rogers. the entry needed to close the dividends account is:
Oxana [17]
The entry needed to close the dividend account is "Debit: Retained earnings $35,000 and credit: dividend expense $35,000" based on the journal transaction. The dividend is a portion of a company's earnings which be shared by the company to the investor as the return for their investment. This entry will decrease the retained earning balance.
8 0
3 years ago
Read 2 more answers
North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa
inessss [21]

Answer:

c. comparative advantage in

Explanation:

In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.

North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.

3 0
3 years ago
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