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kvasek [131]
3 years ago
12

2. The economic system that is found in a Communistic political system is

Business
1 answer:
IRISSAK [1]3 years ago
6 0

Answer:

a. Command Economy

Explanation:

In a communist political system, the emphasis is on the general well being of society at large. Public needs and wants are prioritized over individuals' needs. In a communist political system, factors of production are owned by the public through the government.

A command economy is an example of the communist political system.  In a command economy, the government makes all the economic decisions. It produces goods and services with public interests as the motive for engaging in economic activities. In command economies, serving the public is prioritized over profits.

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39. You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?
ivann1987 [24]

Answer:

PV= $1,311.17

Explanation:

Giving the following information:

Future Value (FV)= $5,000

Number of periods (n)= 25 years

Interest rate (i)= 5.5% compounded annually

T<u>o calculate the present value (PV), we need to use the following formula:</u>

<u></u>

PV= FV / (1+i)^n

PV= 5,000 / 1.055^25

PV= $1,311.17

6 0
3 years ago
Barrowing generally slows an economy down because barrowers must pay interest as well as returning the principal of the loan
iren [92.7K]

Answer: true

Explanation:

4 0
3 years ago
Arthur mails an offer to Brian on June 15. Brian receives the offer on June 16. Arthur mails a revocation of the offer on June 1
il63 [147K]

Answer:

hm I think the answer is D

Explanation:

4 0
3 years ago
If the total debt ratio is 36%, and the allowable mortgage debt ratio is 28%, which of the following debt ratios would a loan ap
schepotkina [342]

Answer:

The loan applicant would qualify for the mortgage debt ratio in option a because his mortgage debt ratio is 24% and the allowable mortgage debt ratio is 28%.

Explanation:

First, you have to calculate the debt ratio in each case. It is calculated by dividing the total debt by the income.

a. Debt= $600

Income= $2,500

Mortgage debt ratio=600/2,500= 0.24→24%

b.  Debt=$600+$250+$75=$925

Income=$2,500

Total Debt ratio=925/2,500= 0.37→37%

The loan applicant would qualify for the mortgage debt ratio because his mortgage debt ratio is 24% and the allowable mortgage debt ratio is 28%. The loan applicant would not qualify for the total debt ratio because his ratio is 37% and the allowable total debt ratio is 36%.

6 0
3 years ago
Why is the U.S. economy sometimes referred to as a modified free enterprise system?
Tcecarenko [31]
The United States economy is sometimes referred to as a modified free enterprise system due to the fact that it is capitalist. This means that there is no monopoly on a particular aspect of trade or business, so anybody can start a company.
8 0
3 years ago
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