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matrenka [14]
2 years ago
11

What are the 6 Basic Principles of the U.S Economy ?

Business
2 answers:
umka2103 [35]2 years ago
8 0

Answer:

Explanation:

  Structure and its language, the Constitution expressed six basic principles of governing. These principles are popular sovereignty, limited government, separation of powers, checks and balances, judicial review, and federalism.

<h3>hope that helps...</h3><h3 />
Tanya [424]2 years ago
5 0

Explanation:

The 6 basic principles of the U.S economy is popular sovereignty, limited government, separation of powers, checks and balances, judicial review, and federalism.

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(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, I
son4ous [18]

Answer:

The correct option is c. raise G by $30 or reduce T by $40.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

(Advanced analysis) Answer the question on the basis of the following information for a mixed open economy. The letters Y, Ca, Ig, Xn, G, and T stand for GDP, consumption, gross investment, net exports, government purchases, and net taxes respectively. Figures are in billions of dollars.

Ca = 25 + 0.75(Y - T)

Ig = Ig0 = 50

Xn = Xn0 = 10

G = G0 = 70

T = T0 = 30

Refer to the information. If government desired to raise the equilibrium GDP to $650, it could:

a. raise G by $45 or reduce T by $10.

b. raise G by $40 and reduce T by $30.

c. raise G by $30 or reduce T by $40.

d. raise both and T by $40.

e. reduce G by $30 and increase T by $40.

The explanation of the answer is now provided as follows:

Equilibrium GDP (Y) can be obtained as follows:

Y = C + G + I + Xn …………………….. (1)

Substituting all the values in the question into equation (1) and solve for Y, we have:

Y = 25 + 0.75(Y - 30) + 70 + 50 + 10

Y = 0.75Y - 22.50 + 155

Y – 0.75Y = 132.50

0.25Y = 132.50

Y = 132.50 / 0.25

Y = 530

Therefore, we have:

Y = Current equilibrium GDP = $530

Amount of increase in equilibrium GDP required = Desired equilibrium GDP – Current equilibrium GDP = 650 - 530 = 120

From the question, we have:

Ca = 25 + 0.75(Y - T) ………………. (2)

The 0.75 in equation (2) is the marginal propensity to consume (MPC). Therefore, we have:

MPC = 0.75

Expenditure multiplier = 1 / (1 - 0.75) = 4

Tax multiplier = - MPC / (1 – MPC) = -0.75 / (1 – 0.75) = -3

Amount of increase in G or government expenditure required = Amount of increase in equilibrium GDP required / Expenditure multiplier = 120 / 4 = $30

Amount of tax cut or decrease in T required = Amount of increase in equilibrium GDP required / Tax multiplier = 120 / (-3) = -$40

Therefore, correct option is c. raise G by $30 or reduce T by $40.

4 0
3 years ago
Charles Clinton Spaulding, one of the pioneering theorists of administrative management, proposed eight _____ of management base
nikitadnepr [17]

Answer:

B, Necessities

Explanation:

Administrative management can be defined as the process of managing information between people in an organization.

One of the pioneering theorists of administrative management was Charles Clinton Spaulding. He was an African-American business leader as well as the  head of an insurance company, Mutual life insurance company, the largest black business in the USA at the time.

He postulated 8 necessities of administrative management and they are

1. Cooperation and teamwork

2. Authority and responsibility

3. Division of labor

4. Adequate manpower

5. Adequate capital

6. Feasibility studies/analysis

7. Advertising budget

8. Conflict resolution

Cheers.

4 0
3 years ago
The Good Earth Company created a special baby shampoo designed for children 5 years old or younger. The company provided an exce
maria [59]

Answer: b. The company did not define its business in terms of the benefits customers seek.

Explanation:

In order for a business to make money, it needs to provide its customers with what they want not what the company wants the customers to want.

In this scenario, people switched to shampoos that could be used by people of all ages instead of just small children because this is what they wanted but not what the company provided. If the company had defined its business in terms of what their customers wanted, they would have made an all age shampoo which would have been bought.

8 0
2 years ago
Establishing general ledger accounts opening balances will always be zero true or false
Inessa [10]

True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.

6 0
3 years ago
The drive three has a long line of cars at the window what should the drive thru cashier do
Dimas [21]

Undoubtedly, cashiers have undergone some training and guidance. If they are newly hired, they will likely be trainees with instructors nearby to support them.

Cars are going nowhere, customers are waiting. Some people are more patient than others.

The best way to deal with long lines of cars is to not put yourself under pressure. This can be harder than it sounds, as it's mostly a learnable skill.

A job as a cashier like this is a great place to learn skills that will be very useful, both personally and professionally, for a lifetime.

Learn more about cashiers at

brainly.com/question/18637447

#SPJ4

4 0
2 years ago
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