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2 years ago

In general, how would you describe the U.S. Economy to someone else?

2 answers:

7 0

The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.

iris [78.8K]2 years ago

6 0

Free Market, self regulating

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Patricia purchased a home on January 1, 2017 for $1,420,000 by making a down payment of $100,000 and financing the remaining $1,

Oksana_A [137]

Answer: $60,000

Explanation:

The maximum amount deductible is based on a mortgage of $1,000,000 and the interest rate of the mortgage being paid.

Interest on $1,000,000 at 6% is:

= 6% * 1,000,000

= $60,000

<em />

<em>Only $60,000 of the $79,200 may be deducted. </em>

6 0

3 years ago

Which group of people ultimately determines the products that a command economy produces?.

Andre45 [30]

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

<h3>Who controls the economic system in a command economic system?</h3>

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

Learn more about command economy here brainly.com/question/26262298

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4 0

2 years ago

Read 2 more answers

Two people save money in a tax-deferred Individual Retirement Account that earns 8% annually. Person A invests $ 3,000 a year fr

riadik2000 [5.3K]

Answer:

Person B

Explanation:

If Person A begins investing $3,000 a year from age 20 to 29 he would have invested a total of $30,000. Each year he earns 8% of the amount in his account, so the first year he earns $3,000 x 8% = $240, the second year $6,000 x 8 = $ 480...and so on. Total interest earned are $99,600 from the age of 20 thru 65, because at age 30 no more money in invested but the $30,000 continues to earn 8% interest until the age of 65.

Person A earns a total of $30,000 + $99,600 = $129,600

Person B begins investing $3,000 a year at age 30 and invests a total of $108,00 from age 30 thru 65. Interest of 8% also needs to be considered from age 30 thru age 65. Total interest earned is $159,840.

Person B earns a total of $108,000 + $159,840 = $267,840

So Person B would earn more money at the age of 65.

PS: Spreadsheet attached.

Download xlsx

3 0

3 years ago

At the profit-maximizing output rate, what is the average total cost?

allochka39001 [22]

A. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist

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2 years ago

Would you rather work for an organization where everyone knows what others are earning or an organization where this information

s2008m [1.1K]

I'd rather work for an organization where there is transparency on all earnings of the formal employees. Transparency is a great motivation cultivator that results in more job satisfaction. It also breaks the boundary between management and employees as well as eliminating aspects such as workplace discrimination.

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2 years ago