When some allocation of resources is made by the market and some is made by the government an economy is said to be a be a mixed economy.
A system that has elements of both capitalism and socialism is called a mixed economy.
A mixed economy protects private property and permits some economic freedom in the use of capital, but it also permits government intervention in the economy to further social objectives.
Neoclassical theory states that mixed economies are less effective than pure free markets, but proponents of government interventions contend that the fundamental requirements for efficiency in free markets, such as equal information and rational market participants, cannot be met in actual practice.
A mixed economy is one that is structured with a combination of free-market and socialist components and that falls somewhere on the spectrum between pure capitalism and complete socialism.
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The charges would be $10.50 as of the 15th of that current month. Jerrod spent a total of $700. Adjusted Balance Method calculates costs based on the amounts owed/due at the end of the current time period & once any credits or payments have been applied. Multiplying what Jerrod has spent in total & the percentage of interest will give him the balance of interest charges that he can expect to see in addition to the $700 he's spent.
It's also safe to assume the payment on your bill is due on the 16th.
Answer: its the first one:)
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
Hello!
I don't really understand the question.. Sorry if this doesn't help!
-EmojiQueen
