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3 years ago

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

Business

2 answers:

umka2103 [35]3 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]3 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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The substitution effect is the concept that if the price of x goes ________ , there will be an increase (shift right) to x away

oksian1 [2.3K]

The answer is right, if not are there choices

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3 years ago

Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had take

taurus [48]

The original price of the machine is $2,600 but it has a depreciation value now of $1,200.

*original price - depreciation value = machine's existing value*
$2,600 - $1,200 = $1,400

However, they've sold the machine for $2,200 instead of 1,400 (which is supposedly the existing price). So, they've gain $800 ($2,200 deducted by $1,400) out from this transaction.

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3 years ago

The slope and position of the long-run aggregate supply curve

malfutka [58]

<span>Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.

__ The price level
__ The inflation rate

Suppose the economy produces real GDP of $50 billion when unemployment is at its natural rate.
(graph goes here)
Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to (rise / fall) which will:
__ Shift the long-run aggregate supply curve to the left

Direction of LRAS Curve Shift:
Many workers leave to pursue more lucrative careers in foreign economies. (Left )
For environmental and safety reasons, the government requires that the country's nuclear (Left)
power plants be permanently shut down. (Left )
An investment tax credit increases the rate at which firms acquire machinery and equipment. (Right)</span>

5 0

3 years ago

Read 2 more answers

Tercer reports the following for one of its products. Direct materials standard (4 lbs. $2 per lb.) Actual direct materials used

Natalka [10]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials standard (4 lbs. $2 per lb.)= $8 per finished unit

Actual direct materials used (AQ)= 300,000

Actual finished units produced= 60,000

Actual cost of direct materials used= $535,000

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 1.783)*300,000

Direct material price variance= $65,100 favorable

Actual price= 535,000 / 300,000= $1.783

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (4*60,000 - 300,000)*2

Direct material quantity variance= $120,000 unfavorable

6 0

3 years ago

A central bank acts as a lender of last resort especially in times of financial crisis. What is the purpose of this function

mr_godi [17]

Answer:

The purpose of the function is to lend the people indeed.

Explanation:

a central bank help to keep our money and give a loan

7 0

3 years ago