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3 years ago

What is prohibited in a command economy?

1 answer:

7 0

A command or planned economy occurs when the government controls all major aspects of the economy and economic production. In a command economy, it is the government that decides what to produce, how to produce goods and how to distribute goods and services within the economy

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Which of the following is a reason to purchase bonds

Anna11 [10]

To receive a specific reliable return on your investment.

It is a specific return because it is pre-set and you know what you can expect to get up front. It is reliable because bonds are low risk and generally safe investments.

Low risk/low reward.

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4 years ago

Beth and connie do business as diamond investments. in acting on the firm's behalf, beth makes an honest error in overestimating

mario62 [17]

In the scenario in which, Beth and Connie who do business as diamond investments and in acting on the firm's behalf, Beth makes an honest error in overestimating the value of a particular stock purchase to her firm, Beth is not liable. The term liability denotes the company's legal financial debts or obligations that arise during the course of business operations.

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4 years ago

Read 2 more answers

For each source information shown below, prepare the appropriate journal entry. (If no entry is required for a transaction/event

anygoal [31]

Oct 13........................No Journal Entry Required

Oct 17. Cash..........................................DR $107

To Accounts Receivable........................................ $107

(Being cash received by Accounts Receivable)

Oct 22. Inventory....................................DR $1145

To Accounts Payables.......................................... $1145

(Being Purchases made of Chairs and Oil Supplies)

Oct Accounts Payable...........................DR $1145

To Cash............................................................ $1145

(Being Cash paid for purchases made)

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3 years ago

__________ is the process of by which companies create value for customers and society, resulting in strong customer relationshi

timama [110]

The answer is marketing

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4 years ago

g The perfectly competitive firm's supply curve: Group of answer choices coincides with its perfectly elastic demand curve. is t

natulia [17]

Answer:

is the firm's marginal cost curve above the minimum point on the AVC curve.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly 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.

Generally, a perfectly 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.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of supply states that the higher the price of goods and services, the lower the supply.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Hence, a perfectly competitive firm's supply curve is the firm's marginal cost (MC) curve above the minimum point on the average variable cost (AVC) curve.

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3 years ago