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choli [55]
3 years ago
8

Which of the following is not an economic system?

Business
2 answers:
WITCHER [35]3 years ago
7 0

Answer:

the answer is C

Explanation:

this is what I found listing:

-Pure Market Economy.

-Pure Command Economy.

-Traditional Economy.

-Mixed Economy

Anna007 [38]3 years ago
5 0

Answer:

The answer is C

Explanation:

You might be interested in
Loggers are much likely to supply wood to the market if property rights are enforced. In the presence of market failures, public
alekssr [168]

Answer:

much <em>more </em>likely;

There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. - <em>Market power</em>

A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons. - <em>Externality</em>

Explanation:

<u>Property rights</u> are an incentive for individuals to create goods that are needed on the market. In other words, when a discrepancy between demand and supply occurs on a specific market, entities, businesses or individuals that create the goods are motivated to meet market needs through enforced property rights.

On the other hand, when there is a lack of property rights that regulate the market, <em>market failures</em> occur. Two common types of market failures include <em>market power</em> and <em>externalities</em>.

The car dealership example shows <u>market power</u> in practice, as the reigning company can dictate car prices.

The second example shows an externality, as there is evident influence (cost or benefit) on the third party, which they cannot change. People are affected (negatively) by smoke they did not create.

5 0
3 years ago
Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direc
natali 33 [55]

Answer:

Direct material quantity variance= $10,980 unfavorable

Explanation:

Giving the following information:

Standard Price or Rate Direct materials 8.5 kilos $ 6.00 per kilo

The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos Purchases of raw materials 31,600 kilos. Actual cost of raw materials purchases $ 195,920

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 8.5*3,200= 27,200 kg

Actual quantity= 29,030kg

Standard price= $6

Direct material quantity variance= (27,200 - 29,030)*6= $10,980 unfavorable

5 0
3 years ago
The end goal of the Executive order is to provide what to the patients
dmitriy555 [2]
Death or happiness or even sadness or maybe life or a happy feeling
6 0
3 years ago
Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 3.5 percent;
WARRIOR [948]

Answer:

20 years (scenario A) and 16 years (scenario B)

Explanation:

The real GDP will double in "n" number of years, with "n" estimated by interpolation using the formula below.

current GDP * (1+Growth Rate)^{n} = 2 * current GDP

In the solutions below, we assumed current GDP to be 1, and as a result, the GDP will double to 2.

Scenario A

1 * (1+0.35)^{n} =2

When you substitute 20 for "n" in the left hand side (LHS) of the equation, you will arrive at 1.99 which is approximately equal to 2. Any number below 20 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 3.5%, real GDP will double in about 20 years.

Scenario B

1 * (1+0.45)^{n} =2

When you substitute 16 for "n" in the left hand side (LHS) of the equation, you will arrive at 2.02 which is approximately equal to 2. Any number below 16 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 4.5%, real GDP will double in about 16 years.

6 0
3 years ago
Which of the following statements regarding GDP is correct?
nirvana33 [79]

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

3 0
3 years ago
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