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
GaryK [48]
2 years ago
14

Describe how a free market works

Business
1 answer:
iren2701 [21]2 years ago
5 0
Companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages companies are willing to pay for their services.
You might be interested in
12 less than the quantity of a number and 7 is -2
Len [333]
X= a number

Less than means to subtract from the quantity.

(x + 7) - 12= -2
add 12 to both sides
x + 7= 10
subtract 7 from both sides
x=3

ANSWER: A number equals 3.

Hope this helps! :)
8 0
2 years ago
Two professors at a nearby university want toco-author a new textbook in either economics or statistics. They feel that ifthey w
lutik1710 [3]

Answer: Option (b) is correct.

Explanation:

Economics:

Probability of placing it with a major publisher(pm) = 0.5 for selling(sm) = 40,000 copies

Probability of placing it with a smaller publisher(ps) = 0.8 for selling(ss) = 30,000 copies

Therefore,

Expected value (Economics) = pm × sm + pm(ps × ss)

                                               = 0.5 × 40,000 + 0.5(0.8 × 30,000)

                                               = 32,000 copies

4 0
2 years ago
For each statement, identify the appropriateness of the behavior when it comes to preparation.
Ray Of Light [21]

Answer:

appropriate

inappropriate

appropriate

inappropriate

Explanation:

8 0
2 years ago
Read 2 more answers
Some countries share a common currency (e.g., those that participate in the euro), while some other countries peg their currenci
nikklg [1K]

Answer:

The potential of additional regional currencies such as the euro is very important, and for this reason, many economists support the idea. In fact, John Maynard Keynes, one of the most influential economists in history, once proposed not a regional common currency, but a common global currency.

The potential lies in the fact that regional currencies allow to coordinate a common monetary policy in several countries. This common policy means that several countries now have the same interest rates, the same rate of inflation, and the same currency itself, and all these commonalities facilitate the exchange of goods and services.

While the Euro has had drawbacks since its inception, the Euro has survived, and is now one of the strongest curriencies in the world.

If you support the concept, should those currencies be tied to regional economic blocs?

I support the concept, and I agree that they should be tied to regional economic bloc. It would not be very effective to adopt a common currency for countries that are not economically integrated in other areas.

4 0
2 years ago
"PDQ Corporation has declared a rights offering to stockholders of record. The company has 5,000,000 shares outstanding and is s
Nimfa-mama [501]

Answer: C. II and III

Explanation:

There are 5,000,000 shares of PDQ Corporation as of when they declared the rights offering. This means that every share will get a right to buy stock.

However, as only 1,000,000 shares are being offered per the 5,000,000 shares outstanding it means that one stock may be purchased for every 5 rights.

A customer who owns 500 shares will therefore get 500 rights.

However with one stock up for sale per 5 rights they will receive the opportunity to buy;

= 500/5

= 100 shares

5 0
3 years ago
Other questions:
  • A project with an initial investment of $438,500 will generate equal annual cash flows over its 9-year life. The project has a r
    6·1 answer
  • The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,
    5·1 answer
  • Angie asks her grandmother over the phone, "do you like the color of my new shirt that i'm wearing now?" this is an example of
    11·1 answer
  • Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 447,000 Cost of goods sold (all
    14·1 answer
  • Increasing technological innovation has helped to create an era of risk and instability. Globalization, new technologies, and gr
    14·1 answer
  • Mattel Inc.’s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,0
    11·1 answer
  • Hallie owns 20% of the common stock of the Bean Brothers Coffee Company. The company announced plans to offer an additional 10,0
    6·1 answer
  • A number of art museums around the countts, have been featuring work by an artist named mark lombardi (1951-2000), consisting of
    5·1 answer
  • When a pharmaceutical company advertises that its product has a greater pain-relieving effect than Tylenol, it is using _____ ad
    14·1 answer
  • The primary focus of financial statement audits is the discovery of fraud. group startstrue or false
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!