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3 years ago

What is the main difference between a market and a command economy?

Business

1 answer:

lord [1]3 years ago

7 0

Answer:

Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.

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f the interest rate is 7.8% per year, approximately how long will it take for your money to quadruple in value? (Use the Rule of

kondaur [170]

Answer:

The rule of 72 establishes that, to determine the time in which an investment will double its initial capital through the generation of compound interest, 72 must be divided by the interest rate number of said financial investment.

In the present question, the interest rate is 7.8%, with which the investment would double in 9.23 years (72 / 7.8 = 9.23).

Now, at the same time there will be an annual inflation of 4.9%, that is, an accumulated inflation of 45.22% (4.9 x 9.23 = 45.22). In other words, the real growth of investment will not be 100%, but the accumulated inflation will have to be discounted from said number, with which the real growth of investment will be 54.88% over those 9.23 years.

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3 years ago

In order to be effective, a persuasive ________ should include a thorough and detailed review of the facts, and be written in

masya89 [10]

Answer:

In order to be effective, a persuasive claim should include a thorough and detailed review of the facts, and be written in a positive and confident tone that indicates you deserve to be satisfied with every transaction.

8 0

3 years ago

If the general education level within a country rises significantly over time, it is likely that: the country’s production possi

kiruha [24]

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.

Hence, there is an outward shift in the production possibility frontier.

6 0

3 years ago

Turnbull Co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capit

svp [43]

Answer:

WACC = 11.45 %

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke) + (Wp × Kp)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 11.1%(1-0.4) =6.66%

Ke-Cost of equity = 14.7%

Kp= Cost of preferred stock = 12.2%

Wd-Weight of debt =100/270=0.370

We-Weight of equity = 140/270=0.518

Wp= weight of preferred stock = 30/270=0.111

WACC = (0.518× 14.7%) + (0.370 × 6.7%) + (0.111×12.2) = 11.447%

WACC = 11.45 %

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3 years ago

Once the outputs are identified in a work flow analysis, the next step involves: identifying the materials needed to generate th

hichkok12 [17]

Answer:

taking an inventory of the special equipment, facilities, and systems needed for production.

Explanation:

7 0

3 years ago