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3 years ago

In 2-3 sentences, describe three aspects of a free market economy.

2 answers:

8 0

The three primary aspects of a free market could include private ownership of everything for sale, free-floating forces of supply and demand, and a man secretly in charge of everything. A free market economy is a type of economic system whereby supply and demand, with a minimum of involvement on the part of a government drive the forward movement of the economy.

Cerrena [4.2K]3 years ago

4 0

The three aspects of a free market economy are competition, supply, and Demand.

competition exists once there are several customers shopping for a homogenous product from varied little businesses. In a market characterized by competition, worth is set through the mechanisms of supply and demand. Costs are influenced each by the provision of product from sellers and by the demand for a product by consumers.

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If consumers start to believe they need a product, what is likely to happen? A. The demand becomes less elastic. B. The demand b

lina2011 [118]

I believe it’s B but I did just search up what elastic means coz I haven’t learnt that

7 0

3 years ago

A bond has a par value of $1,000, a current yield of 6. 90 percent, and semiannual coupon payments. the bond is quoted at 101.17

poizon [28]

If the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17 then the each coupon payment is $34.9.

Given the bond's par value is $1000,current yield be 6.90% and the bond is quoted at 101.17.

We are required to find the amount of each coupon payment.

Bond value=$1000

Current yield=6.90%=0.0690

Bond quoted=101.17

Payment method=Semi annual =2 payments

Computation of annual coupon amount:

Current yield=Annual coupon/(Bond value*Bond quoted)

0.0690=Annual coupon/(1000*101.17%)

0.0690=Annual coupon/1011.7

Annual coupon=1011.7*0.0690

Annual coupon=$69.8073

Computation of each payment:

Each payment=Annual coupon /2 payment

Each payment=69.8073/2

Each payment=34.90365

Hence the amount of each payment of bond having par value of $1000 is $34.9.

Learn more about bond at brainly.com/question/25965295

#SPJ4

6 0

2 years ago

When is the best time to take an out of state college visit

antiseptic1488 [7]

The best time to do it is during a Holiday or break from school during your junior or senior year so you don’t miss class and you can take your time to truly see the campus

8 0

3 years ago

Read 2 more answers

a. Suppose the marginal propensity to consume (MPC) for a nation is 0.67. What is the tax multiplier for this nation

algol [13]

Assuming the marginal propensity to consume (MPC) for a nation is 0.67. The tax multiplier for this nation is: 2.03.

<h3>Tax multiplier</h3>

Using this formula

Tax multiplier=-MPC/1-MPC

Where:

Marginal propensity to consume (MPC)=0.67

Let plug in the formula

Tax multiplier=0.67/1-0.67

Tax multiplier=0.67/0.33

Tax muitiplier=2.03

Inconclusion the tax multiplier for this nation is: 2.03.

Learn more about tax multiplier here:brainly.com/question/16965373

7 0

2 years ago

Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made with

VikaD [51]

Answer:

the total cost of the new equipment is $105,500

Explanation:

The computation of the total cost of the new equipment is given below:

Total cost of the new equipment is

= Net price + Sales tax + Installation charges + Payment for concrete slab

= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000

= $105,500

Hence, the total cost of the new equipment is $105,500

6 0

3 years ago