Answer:
Market
Explanation:
A market economy also is known as a free economy
In a market economy, individuals and businesses have the freedom to choose what they will buy or sell. They also determine the quantities, time, and the prices of the goods and services produced.
In the market economy, the government and the market are separated. It means that the government does not interfere with the operations of the market. Self-interests drive Individuals' and firms' actions. The economy will have a wide range of goods and services which offer customer options when buying.
Market economies are a hypothesis. No country in the world operates a pure market economy. The US economy, which gives buyers and sellers the freedom to choose, has some government interfere in the form of regulation.
Answer:
The answer is: Edgar will receive $37,000
Explanation:
- Dowd's share of the company's losses is $80,000
- Edgar's share of the company's losses is $60,000
- Frost's share of the company's losses is $40,000
- Grant's share of the company's losses is $20,000
But since Grant is not willing to give more money to the partnership to cover his losses, the $9,000 difference must be divided by the remaining three partners. So they will divide Grant's losses as follows:
- Dowd's share of the Grant's losses is $3,600
- Edgar's share of the Grant's losses is $2,700
- Frost's share of the Grant's losses is $1,800
Then you add up all the losses the three remaining partners had:
- Dowd' total losses $83,600
- Edgar's total losses $62,700
- Frost's total losses $21,800
So when the partnership was dissolved, Edgar should have received $100,000 (capital) - $62,700 (total losses) = $37,200
I selected answer A since they probably rounded down Edgar's share to $37,000 (nearest possible choice).
Its actually <em><u>A) Office Managers and Human Resource workers</u></em>
Answer:
The correct answer is option D.
Explanation:
Long-run elasticities of demand differ from short-run elasticity. In the short period is more inelastic. This is because people take time to adjust their consumption habits. So if the time period people have to adjust to the price change is long, then the demand will be elastic.
Durable goods can be used for a relatively long time. So they will have a less elastic demand.
