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4 years ago

True or false In a pure market economy, the government controls most actions.

Business

2 answers:

Sonbull [250]4 years ago

5 0

False i hope its right

nasty-shy [4]4 years ago

3 0

Answer:

It is false that in a pure market economy the government controls most actions.

Explanation:

In the theory of economic systems, the market economy refers to an economic system in which the right to decide and act is distributed by the legal institute of private ownership of the means of production. Planning and coordination of economic processes are decentralized. The individual usage plans of households and companies (use of income and profits) and the development plans (profit generation and income generation) are coordinated by market prices. This coordination includes the allocation and distribution of individual goods through market prices on the one hand and the allocation and distribution of public goods through political decisions on the other hand. The individual plans of economic agents are coordinated with each other via market prices and placed in a macroeconomic accounting context by linking the markets.

In economic theory, the market economy is seen as a self-regulating and self-optimizing system, assuming that economic subjects have the freedom to make decisions and act. Therefore, the idealized market economy is also perceived as a free market economy. However, real markets sometimes deviate significantly from this idealized model concept.

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Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce

faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

4 0

3 years ago

What are the effects of an increase in the population on potential GDP, the quantity of labor, the real wage rate, and potent

baherus [9]

Answer:

Effects

Potential GDP decrease

the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

An increase in the population decrease the real wage rate and increase the equilibrium quantity of labor.

Explanation:

Population growth affects many phenomena such as the age structure of a country’s population, international migration, economic inequality, and the size of a country’s work force.

Thinking in the graph of the labor market where combines hour real wage with the quantity of labor, if we increase the population , that means the demand of labor will increase so, the wage will decrease.

GDP per hour worked is a measure of labor productivity

The equilibrium is where the quantity demanded of labor is equal to the quantity supplied.

So, if the if the population increase the equilibrium quantity of labor will increase.

Effects Potential GDP is Potential gross domestic product decrease

the quantity of labor increase

the real wage rate decrease

and potential GDP per hour of labor decrease

6 0

4 years ago

Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company'

yawa3891 [41]

Answer:

Relevant Range

Explanation:

The production range between 120000 and 150000 is called the "Relevant range".

This production range is called Relevant range because the expected fixed cost will not vary if the production is in the range 120000 to 150000.

Also, the for increase in production more than 150000 will lead to the extra cost or if the production is less than 120000 the company may need to reduce its fixed cost.

6 0

3 years ago

If the Federal Reserve lowers the target federal funds rate, Group of answer choices the discount rate rises liquidity in the ba

navik [9.2K]

Answer: Liquidity in the banking system is increased

Explanation:

The Federal Funds rate is the interest rate at which commercial banks are allowed to lend each other their excess reserves overnight to meet reserve requirements.

If this rate were to be reduced, it would make lending cheaper between banks who would then take advantage of this to borrow more occasionally. This will then translate to a higher liquidity amongst the banks.

3 0

3 years ago

The Company uses lower-of-cost-or-market approach. The replacement cost of an inventory item is $75. Net realizable value is $82

egoroff_w [7]

Answer:

The inventory would be valued at $75 each

Explanation:

From a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.

As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.

From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.

4 0

3 years ago

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