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2 years ago

What role do businesses play in a free enterprise system?

Business

1 answer:

fenix001 [56]2 years ago

3 0

Answer:

C. They produce most available goods and services.

Explanation:

In A free market economy, the production of goods and services is done by the private sector. The government's participation in economic activities is limited. The private sector owns and controls the majority of the factors of production. The private sector owns factories, manufacturing, and other businesses in the economy.

In the free market economy, profits are the primary motivating factors to engage in business. The private sector produces goods and services that will generate profits for the businesses.

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Nicole transferred a negotiable instrument to Andy. Andy later sues Nicole alleging a breach of presentation warranty. What coul

Gemiola [76]

Answer Not claiming the instrument hes sending

Explanation:

4 0

1 year ago

Prime Corp. has an ending balance in the accounts receivable account of $100,000. Prime recorded bed debt expense of $3000. Prim

Lelu [443]

Answer:

True

Explanation:

Prime's net realizable value of accounts receivable = accounts receivable balance - allowance for uncollectible accounts = $100,000 - $7,000 = $93,000

Bad debt expenses have already been debited, so they are no longer part of the allowance for uncollectible accounts.

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3 years ago

The reason that the producers of wood pulp have often forward integrated into the production of paper is:

Kisachek [45]

Producers of wood pulp often forward integrate into the production of paper in order to exploit technical economies. By also owning paper making plants they can avoid costs of removing waste, and better use it in order to make even more profits.

6 0

3 years ago

June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20

inn [45]

Answer: 200 units

Explanation:

Beginning inventory 80 units.

Company Purchases 480 units

Total 560 units

Sales (360 units)

Ending Inventory 200 units

200 units remain in Ending inventory.

7 0

2 years ago

Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric

kotykmax [81]

Answer:

Export

true

Explanation:

Because the price of meekers in meekertown is lower than the world price for meekers, meekers from meekertown are cheaper. so if free trade is allowed, other countries would want to purchase meekers from meekertown because it is cheaper.

So, meekertown would export meekers if free trade is allowed.

When a country is too small affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.

this is so because if the country is efficient in production of a good (producing at a lower price when compared to the world price), export of the good would increase thus increasing producer surplus. if on the other hand, the country is inefficient in producing a good and the country allows for free trade, the country can import the good. this would increase consumer surplus.

4 0

3 years ago