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3 years ago

Which economic system is based on an idea of equality of result; that regardless of how well off somebody starts, all

Business

2 answers:

Alex Ar [27]3 years ago

6 0

Answer:

D.Market

Explanation:

A market economy conforms to formal equality of opportunity only if jobs offered by business firms are publicized in advance, so that anyone who might want to apply has a reasonable opportunity to do so.

pashok25 [27]3 years ago

5 0

B. Command

What your describing sounds a lot like communism which would be found under a command economic system

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A cross-functional team has been formed to come up with ways to improve communication among departments. team members are now ta

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They are in the "collecting information" stage of planning.

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2 years ago

Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews peopl

marta [7]

The answer is Case study.

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3 years ago

The national accounts of Parchment Paradise are kept on (you guessed it) parchment. A fire in the statistics office destroys s

Mama L [17]

Answer:

GDP [Expenditure Approach] is $7,040, Depreciation is $920

Explanation:

The formula for calculating GDP [Expenditure Approach] is Consumption expenditure + Investment + Government expenditure + Exports − Imports

Mathematically,

Y = C + I + G + (X − M)

Where C = $7,000, I = $160, G = $180, (X-M) = -$300

Y = 7000 + 160 + 180 - 300 = $7,040

GDP [Expenditure Approach] is $7,040

Depreciation = GDP - NDP

NDP = wages + profits + interest + rent + net factor income of unincorporated businesses

Where wages = $5,900, profits + interest + rent = $220, net factor income from abroad = $0

NDP = 5900 + 220 + 0 = $6,120

Applying Depreciation = GDP - NDP, we have:

Depreciation = 7040 - 6120 = $920

N.B: The depreciation is a measure of the statistical discrepancy between the GDP and NDP

7 0

2 years ago

Producers will supply an inefficiently low quality of a good if the government imposes:

ruslelena [56]

Answer:

A binding price ceiling

Explanation:

A binding price ceiling is a situation when the government force the producers to put the price of their product below the equilibrium price.

When being forced into a situation, most of the producers will find some other way to maximize their profit beside raising the price. This will most likely make them reduce the quality of materials that used to produce the goods. This will lower the capital needed for the production and increase the profit. But in return, the supply will be inefficiently and have low quality.

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3 years ago

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by?

Marina86 [1]

Assuming a firm is selling its output in a purely competitive market, its resource demand curve can be determined by Multiplying marginal product by product price.

A competitive marketplace is a term in economics that refers to a market in which there are a large quantity of customers and sellers and no single customer or seller can have an effect on the marketplace. competitive markets haven't any limitations to entry, plenty of consumers and sellers, and homogeneous products.

Summary. The version to take a look at supply and call for is known as the competitive market version. within the aggressive marketplace, we assume products are homogeneous, and there may be no supplier or purchaser energy.

A free market is a market that has restrained government involvement. marketplace systems can normally be divided into four types. a wonderfully competitive market is one wherein there are a big number of small firms promoting identical products.

Learn more about the competitive market, here:

brainly.com/question/25717627

#SPJ4

5 0

2 years ago