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LenaWriter [7]
3 years ago
10

Which factor plays the biggest role in motivating economic decisions in a traditional economy?

Business
2 answers:
kvasek [131]3 years ago
8 0

Answer:

These are the answer choices for the question:

A. Cooperation between governments and citizens

B. Commitment to maintaining long-standing customs

C. Corruption in the leadership of powerful groups

D. Competition between different businesses

And this is the correct answer choice:

B. Commitment to maintaining long-standing customs

Explanation:

Traditional economies are economies that have not yet industrialized, that tend to be small-scale, and that give great weight to traditions when taking economic decisions, precisely.

Examples of traditional economies can be seen in nomadic, semi-nomadic, and pastoralist peoples, who often lack enough economic complexity to become large populations with complex poltiical and economic institutions.

In these societies, economic decisions may be guided more by the insight of a leader, than by economic rationality per se, as long as the bare minimum needs for survival are met beforehand.

rjkz [21]3 years ago
8 0

Answer:

D is in FACT the answer!

Explanation:

Guy above me is wrong

Did this on A pex

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Given that the logo of the brand is what makes people to buy when they see it, it is an example of a retrieval cue.

<h3>What is a retrieval cue?</h3>

This is the cognitive and the phsyical environment of a person that helps them to recall certain things.

The cue here helps people to but the brand of this drink because they have become so familiar with it.

Read more on business here: brainly.com/question/24553900

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3 0
2 years ago
You have 40 years left until retirement and you want to retire with $3,350,000 saved. You plan to deposit 400 dollars into the a
shusha [124]

Answer:

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

N = 40*12 = 480 months

PV = -10,000

PMT = -400

FV = 3,350,000

then CPT I/Y = 0.856% (this is a monthly rate)

Next, to find the APR, multiply monthly rate by 12;

APR = 0.856% *12 = 10.275%

To <em>"enter percentages as decimals and round to 4 decimals"</em>, APR =0.1028

5 0
4 years ago
Which of the following operations decisions is not a long-term strategic decision?
IrinaK [193]

Answer:

The answer is Work shift scheduling.

Work shift scheduling is done on either a daily or a weekly/monthly basis. In addition, work has to be scheduled whenever a strategic change has been made or whenever an outside effect influences the company processes.

The second answer is Top management involvement. Competitive pricing, fast and reliable delivery along with adjusting to the changing demand of customers are all competitive strategic dimensions yet Top management do not need to involve in every process of a company. They do formulate the policies, yet there is no universal rule for them to participate in everything.

Explanation:

6 0
3 years ago
Effective guiding policy is supported by and stays consistent through the use of ______.
icang [17]

Effective guidance policy is supported and stays consistent through the use of strategic commitments.

<h3>What is Effective guidance policy?</h3>

This is the policy that involves helping children to learn the problem solving skills that are more appropriate for them.

Through this children can be more in control of the way that they feel and handle their emotions better.

Read more on the guidance policy here:

brainly.com/question/1238737

4 0
3 years ago
If the hourly wage of German workers is $6, the hourly wage of Canadian workers is $10, and German workers produce half as much
inessss [21]

Answer:

D) Canada since the cost per unit of output will be lower.

Explanation:

A German worker earns $6 per hour with a X productivity, we can assume X = 10 units, so the labor cost in Germany = $6 / 10 units = $0.60 per unit

A Canadian worker earns $10 per hour with a 2X productivity, we can assume X = 10 units, so the labor cost in Canada = $10 / 20 units = $0.50 per unit

Canadian direct labor is 20% more efficient than German labor.

6 0
3 years ago
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