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quester [9]
3 years ago
14

Who decides what goods and services should be produced and how those goods are to be produced in a command economy? individuals

business owners tribal leaders government officials
Business
2 answers:
GenaCL600 [577]3 years ago
8 0

Answer: Government Officials

Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -

i. what goods to be produced,

ii. In how much quantity those goods should be produced

iii. at what amount, it will reach the consumers

All productions are controlled & planned by the government, hence it is also called as planned economy.

Anvisha [2.4K]3 years ago
4 0

Answer:

Government officials

Explanation:

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True or false: you always want the lowest possible deductible because it means you will pay less out of pocket in case of a loss
stiv31 [10]
The correct answer is false.

The given statement is false, why? You cannot always want the lowest deductible since it may only be applied once something has happened that points out towards you, or in other words, it is your fault. An example of lowest deductible is when you get into a car accident and it was your fault, the total repair cost of the vehicle is at 1,400.00 dollars, your lowest deductible would be around 500 dollars, wherein you have to add it to the balance before your insurance company pays for the rest
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Ben Perez is driving along a mountain road. In the distance, he sees a road crew working on a fallen tree that has blocked the h
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Answer:

B. Exposure.

Explanation:

The act exhibited by the highway crew can easily be explained to be exposure because of his stance from a mountain end and their reaction.

Measurement of exposure is generally defined as some form of

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7 0
3 years ago
Promissory estoppel is​ a(n) _____ doctrine that permits a court to order enforcement of a contract that lacks​ _____.
ehidna [41]
Promissory estopplel is a contractual agreement based on a promise rather than on a written contract but is still enforceable and legal such as in regarding payment for services rendered so that the contractor is protected financially.
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3 years ago
Security markets provide liquidity:________
Keith_Richards [23]

Answer:

C. by allowing corporations to raise funds by selling new issues and by creating a market in which owners may easily turn an investment into cash through its sale

Explanation:

Naturally, a security market is seen to permit you do more with your actual savings within your saving periods. It is seen to aid over the counter trading which is seen to occur directly between the trader and the broker. In certain cases that can be termed marketable securities, it is seen to occur due to the maturities are seen to tend to be less than one year; and at such, the buyer/broker rates at which they can be bought or sold have little effect on prices.

5 0
3 years ago
Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.
Sonbull [250]

Answer:

a) Y = 500

b) Wages: 2.5

   Rental price: 2.5

   

c) labor Share of output: 0.370511713 = 37.05%

Explanation:

Y = 4K^{0.5} \times L^{0.5}

if K = 100 and L = 100

Y = 5(100)^{0.5} \times (100)^{0.5}

Y = 50 \times 10

Y = 500

wages: marginal product of labor = value of an extra unit of labor

dY/dL (slope of the income function considering K constant while L variable)

ax^b = bax^{b-1}

Y = 5K^{0.5} \times L^{0.5}

Y' = 5K^{0.5} \times 0.5 L^{-0.5}

Y' = 2.5K^{0.5} \times L^{-0.5}

Y' = 2.5(\frac{K}{L})^{0.5}

With K = 100 and L = 100

Y' = 2.5(\frac{(100)}{(100)})^{0.5}

Y' = 2.5

rental: marginal product of land = value of an extra unit of land

dY/dK (slope of the income function considering K variable while L constant)

Y = 5K^{0.5} \times L^{0.5}

Y' = 2.5K^{-0.5} \times L^{0.5}

Y' = 2.5(\frac{L}{K})^{0.5}

L = 100 K = 100

Y' = 2.5(\frac{100}{100})^{0.5}

Y' = 2.5

c) we use logarithmic properties:

Y = 50 \times 10

log500 = log(50 \times 10)

log500 = log50 + log10

50 was the land while 10 the labor

2.698970004 = 1.698970004 + 1

share of output to labor: 1/2.698970004  = 0.370511713

5 0
3 years ago
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