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elena-14-01-66 [18.8K]
3 years ago
8

What role should government play in a free market economy?

Business
2 answers:
igor_vitrenko [27]3 years ago
8 0
Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
Kisachek [45]3 years ago
5 0

Answer: Stabilize the economy

Explanation:

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Crackling Fried Chicken bought equipment on January 2, 2016, for $21,000. The equipment was expected to remain in service for fo
rjkz [21]

Answer:

Please see attachment

Explanation:

Please see attachment

5 0
3 years ago
Bob has a loan that he does not think he can afford and wants to make sure his credit score is not affected. Which of the follow
Simora [160]
A. <span>making at least the minimum payment, even if they are late</span>
6 0
3 years ago
Describe two other criterias that are required in order to be considered for a bachelor's degree​
anastassius [24]

Answer:

The two main criteria for consideration of bachelor's degree program,

Pre requisite subjects. This is a must to have requirement. ...

Merit based. This is also a must to pass requirement.

Explanation:

;)

6 0
2 years ago
In response to a shortage caused by the imposition of a binding price ceiling on a market,
Margaret [11]

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

6 0
2 years ago
A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach
Deffense [45]

Answer:

$42.5 billion

Explanation:

the expected value formula = ∑ (valueₙ x probabilityₙ)

expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)

= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion

8 0
3 years ago
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