1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elixir [45]
3 years ago
14

According to F.A. Hayek, what is the fundamental economic problem facing society?

Business
1 answer:
jenyasd209 [6]3 years ago
8 0

Answer:

According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.

Explanation:

To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.

This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.

You might be interested in
management information systems allow managers to build upon an organization’s existing strengths to create
My name is Ann [436]

An organization gains a competitive advantage when it is able to do any one item, process, function, or other activity more effectively and or efficiently than other organizations operating within the same industry segment or, in certain situations, throughout the whole industry.

This is further explained below.

<h3>What is a competitive advantage?</h3>

Generally, The advantageous position that a firm strives to achieve in order to be more lucrative than its competitors is what is known as a competitive advantage.

In the world of business, a competitive advantage is a quality that enables a company to achieve a higher level of success than its rivals.

In conclusion, When an organization is able to perform any one item, process, function, or other activity more effectively and or efficiently than other organizations operating within the same industry segment or, in certain circumstances, throughout the entire industry, that organization gains a competitive advantage.

Read more about  competitive advantage

brainly.com/question/5647002

#SPJ1

Complete Question

management information systems allow managers to build upon an organization’s existing strengths to create

elastic demands.

competitive advantages.

SWOT analyses.

barriers to entry.

6 0
1 year ago
2) You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expirati
PtichkaEL [24]

Answer:

D) $500 loss

Explanation:

The computation of the realized value on the investment is shown below:

= Number of shares × premium

= 100 shares × $5

= $500 loss

Since the call is for 125 shares for $125 and the selling price per share is $123  due to which the contract is not implemented. So the premium amount would be recorded as a loss of $500

8 0
3 years ago
Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds
denis-greek [22]

Answer:

Sequential interdependence on the line to pooled interdependence between the teams

Explanation:

Sequential interdependence occurs when a persons output is necessary for the performance of the next persons input. Perhaps the most obvious example of sequential interdependence is an assembly line.

While pooled interdependence he team accomplishes its tasks simply by bringing together everyone’s separate efforts. Like in DamierChrystern when the team work together to build the total car with the team deciding whi does what task. To be a team you need a team task — it requires that members actively work with each other to accomplish it

4 0
3 years ago
Managing diversity isA. Recognizing the characteristics common to specific groups of employeesB. Dealing with employees as indiv
Dafna11 [192]

Answer:

The answer is (D) all of the above.

Explanation:

Managing diversity is a workplace practice where companies focus their efforts in establishing a working environment where people with various demographic characteristics can thrive and perform to their fullest potential according to their work responsibilities. This means employers, more specifically, the human resources department, need to pay attention to the individuals’ background in order to create a work environment that is fair to each individual.  

7 0
3 years ago
What 3 factors affect the return on savings account
statuscvo [17]

Answer:

The choice between consumption in the present and consumption in the future, perception of a close correlation between current income and consumption, and the smoothing of consumption over time as deriving from its comparison to the income which the individual would perceive as his/her permanent income.

7 0
3 years ago
Other questions:
  • The first step in preparing a flexible budget is to ________. identify the fixed and variable cost components prepare the budget
    15·1 answer
  • Below is the listing of a bond issued by international business machines corporation (ibm). below the detail of the bond is the
    10·1 answer
  • Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.
    11·1 answer
  • Selling insurance without a license without misappropriating premium funds is a ________.
    12·1 answer
  • Moreno Company purchased equipment for $450,000 on January 1, 2010, and will usethe double-declining-balance method of depreciat
    13·1 answer
  • Carlos has a small fashion company. He has been in business for a little over a year and the company looks like it is going to d
    8·1 answer
  • Looking forward to next year, if Baldwin’s current cash balance is $20,201 (000) and cash flows from operations next period are
    7·1 answer
  • A production department's output for the most recent month consisted of 16,500 units completed and transferred to the next stage
    9·1 answer
  • Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is
    12·1 answer
  • Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and r
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!