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dybincka [34]
2 years ago
11

Briefly explain the term market economy​

Business
1 answer:
Alchen [17]2 years ago
6 0

Answer:

a market economy is a system where the laws of supply and demand direct the production of goods and services

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Why are both life expectancy and quality of life used to evaluate overall health?
OlgaM077 [116]
The complete health of a person is a good forecaster of his or her life expectancy. If a person's quality of life is higher than his/her life expectancy is higher which makes him or her live longer. Also, if a person's overall health is good than the life expectancy is higher which also makes him or her live longer. Consequently, both life expectancy and quality of life are valid indicators of overall health. 
6 0
3 years ago
Suppose the Herfindahl indexes for industries A, B, and C are 1,200, 5,000, and 7,500 respectively. These data imply that: Group
iVinArrow [24]

Answer: market power is greatest in industry C.

Explanation:

The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.

A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.

3 0
2 years ago
Amal is preparing a report about a planned wave of layoffs at the plant where she works. she wants to use the inductive method.
Zarrin [17]
In inductive reasoning, the premises are seen as supplying strong evidence for the truth of the conclusion. The conclusion is definite, but the truth may be probable, based on the available evidence. So she might say, that based on the past history of the company involved, whenever the company is losing money for a given length  of time, there are layoffs, so in these similar circumstances it is probable that these planned layoffs will occur.
4 0
3 years ago
Read 2 more answers
On a CVP chart, on either side of the break-even point, the vertical distance between the total sales line and the total cost li
DochEvi [55]

Answer:

The answer is:

Total loss to the left of the intersection

Total profit to the right of the intersection

Explanation:

Cost-volume-profit (CVP) analysis is a method that looks into the impact of how varying levels of costs and volume will affect the operating profit of a firm. This gives companies good understanding of the profitability of their products or services.

To answer the question above;

Total loss to the left of the intersection

Total profit to the right of the intersection

While the intersection is the break-even

5 0
3 years ago
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e
madam [21]

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

5 0
3 years ago
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