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Komok [63]
3 years ago
5

a. government control of the market.b. market forces working through the price mechanism.c. the money supply that serves to keep

the economy working smoothly.d. the role of innovation in maintaining a steady rate of growth.e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
Business
1 answer:
Sergeu [11.5K]3 years ago
5 0

Complete Question:

The "invisible hand" using Adam Smith's terminology refers to

a. government control of the market.

b. market forces working through the price mechanism.

c. the money supply that serves to keep the economy working smoothly.

d. the role of innovation in maintaining a steady rate of growth.

e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.

Answer:

The "invisible hand" using Adam Smith's terminology refers to  Market forces working through the price mechanism.

Explanation:

The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.

Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.

An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.

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On January 1, 2021, Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining
Nataly_w [17]

Answer:Gundy Enterprise journal $

Date

Jan 31 2021

Income statementl Dr 641.67

Mortage Interest. Cr. 641.67

Recognition of interest payable on mortgage loan for December 2021

Jan 31 2021

Mortgage principal Dr 635.52

Mortgage interest Dr. 641.67

Bank Cr. 1277.19

Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.

Explanation:

The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.

The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.

4 0
3 years ago
Colaw Co. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Colaw acc
fgiga [73]

Answer:

salaries expense   81,000  debit

    salaries payable               81,000 credit

Explanation:

the recurrring salaries for a biwweekly salaries is 270,000

In two weaks assuming five-day work week, there is 10 days.

so we divide to get the expected wages per day the recurring salaries by the amount of days of that period:

270,000 / 10 = 27,000 per day

Then, we multiply by the 3 days from the current period:

27,000 x 3 = <u>81,000</u>

this will be the accrued expenses for the period

5 0
3 years ago
A typical project office (not to be confused with a project management office) responsible for the management of a large project
beks73 [17]

Answer: (A) Assistant project managers

Explanation:

 The main role of the assistant project manager is that it basically assisting the project managers by coordinating, analyzing and planning the specific project.

 The main responsibility of the assistant project  managers is to supporting the given function of the project and execute the given project.

According to the given question, a typical project office is basically responsible for managing the large projects which include both the project manger and the assistant project managers.  

 Therefore, Option (A) is correct answer.    

3 0
2 years ago
What is joint tenancy?
NeTakaya

Answer:

Explanation:

Joint tenancy is a lawful course of action in which at least two individuals possess a property together, each with equivalent rights and commitments. When one of the proprietors in a joint tenure dies, that proprietor's interest in the property goes to the survivors without the property experiencing the courts.

3 0
3 years ago
An important similarity between a monopolistically competitive firm and a purely competitive firm is that:_________-a. realize a
marusya05 [52]

Answer:

a. realize an economic profit in the long run.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.

This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.

In a purely competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a purely competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

An important similarity between a monopolistically competitive firm and a purely competitive firm is that realize an economic profit in the long run and these profits tends toward zero as both firms continue in the market.

6 0
2 years ago
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