First, we need to understand these types of economies.
Command economy - controlled centrally by a government
Market economy - decisions are determined by the market
<span> Traditional economy - decisions are based in customs and traditions
</span>
Business decisions are influenced by consumer demand.------ M
Change happens slowly. ------ T
Economic growth is not a high priority. ------ T
People choose their careers. <span>------ M</span>
Resources are owned by the government. ------ C
The government makes most business decisions ------ C
Answer:
GDP to increase
Explanation:
Gross domestic product (GDP) refers to the total value of goods and services produced within the boundaries of a nation. Its component are consumption, investment, government expenditure and net exports.
GDP = Y = Consumption + Investment + Government expenditure + Net exports
Net exports refers to the difference of total value of exports and total value of imports.
Net exports = Exports - Imports
Therefore, if there is an increase in the net exports then as a result the GDP of a nation increases.
Answer:
$202,701,713.58
Explanation:
Present value of this liability = Value of liability / ((1+r)^t)
Present value of this liability = $750 million / ((1+0.08)^17)
Present value of this liability = $750 million / (1.08)^17
Present value of this liability = $750 million / 3.7000180548
Present value of this liability = $202,701,713.5840815
Present value of this liability = $202,701,713.58
Answer:
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Explanation:
Answer:
D.
Explanation:
Due to the fact that the contract would only last 6 months and there's no expected repeat business from the Saudis or any one, the best course of action to take in order to avoid expected labour shortage is to use .
Overtime can be defined as a situation where the hours worked by an employee execeed normally scheduled working hours. In order to meet the 6 months and not cause labour shortage, the company can decide to use it's current workers for overtime and pay them for the overtime.
