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4 years ago

In the US market economy, the government performs the following prominent roles exceptSet prices for most resources (T/F)

Business

1 answer:

Free_Kalibri [48]4 years ago

8 0

Answer:

FALSE

Explanation:

The United States being a market economy, does not set prices for most resources if it does so at all, and neither does any market economy in the world. The point is a market economy is one that does not manipulate or interfere with the market forces of demand and supply.

Therefore by definition and nature the United States has an economic system where prices of products are determined fairly by competition rather than intervention by the government.

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Answer:

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3 years ago

Suppose two coffee snobs who must have their coffee and cream in exact proportions (each cup is 10 coffee per 1 unit cream) are

kondaur [170]

Answer:i think it is b tbh

Explanation:

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3 years ago

Min invested $18,000 cash in the business. Paid $7,540 cash for monthly rent expense for May. Paid $4,600 cash for this year’s i

Olenka [21]

Answer:

$\left[\begin{array}{ccc}$Account&$DEBIT&$CREDIT\\$Cash&37,600&-\\$Prepaid insurance&4,600&\\$Office supplies&890&-\\$office equipment&12,900&\\$accouts payable&-&12,900\\$Capital Account&&18,000\\$drawins&3,370&\\$Sales revenue&&36,000\\$Rent expense&7,540&\\$Total&66,900&66,900\\\end{array}\right]$

Explanation:

We must do ledger for each accounts, most of them only got one transaction so we just post them directly.

For cash we must do it as there are several transaction:

CASH

<u>DEBIT CREDIT</u>

18,000

(7,540)

(4,600)

(890)

36,000

37,600

Assets and expenses goes into debit column

Liabilities, equity and revenues into credit column

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3 years ago

You are trying to convince a group of volunteers to show up at the library for their scheduled hours of work. Unfortunately, peo

Schach [20]

it was punishment for them

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3 years ago

When some firms exit an industry in which firms are incurring economic losses, the market supply curve shifts _______ and the

torisob [31]

Answer: Option (A) is correct.

Explanation:

Correct option: Leftward; rises

When some of the firms are exited from market because are incurring losses then as a result short run market supply decreases. This is due to the fall in the production level, since some of the firms are not producing anymore.

So, this change in the market supply will shift the market supply curve leftwards.

The market price increases as the market supply decreases.

8 0

3 years ago