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2 years ago

1. Contrast traditional economies, command economies, and economies.

Business

1 answer:

Dima020 [189]2 years ago

4 0

Answer:

1. A traditional economy is a system that relies on customs, history, and time-honored beliefs.2 A market economy is a system where the laws of supply and demand direct the production of goods and services. A command economy is where a central government makes all economic decisions.

2. Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.

3. Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

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Diversifying. It is so that they can tap into other markets.

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2 years ago

The chefs at Lorifusion, a continental restaurant, are given the freedom to try out new ways of presenting their dishes. This he

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Answer:

The answer is: A) A creative work environment

Explanation:

Creative working environments usually enable employees to spend time creating different products, being unpredictable, testing different ideas, making mistakes, and innovating.

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3 years ago

1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe a

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Structural Unemployment is one that is permanent or long lived and Cyclical Unemployment does not have enough demand in the economy.

Explanation:

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3 years ago

Bart wants to know whether skateboarders have faster reactions than non-skateboarders. He recruits 25 skateboarding teenagers, a

denpristay [2]

Answer:

Cross Sectional Quasi-Experiment

Explanation:

Based on the information provided within the question it can be said that the type of design that Bart is using in this scenario is a Cross Sectional Quasi-Experiment. This is a type of experiment in which two or more different types of groups are compared at the same time in order to analyze the results and come to a conclusion of the experimental variable that is being researched. Which in this case would be "who has better reaction time.".

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2 years ago

This morning, TL Trucking invested $75,000 to help fund a company expansion project planned for 4 years from now. How much addit

sweet [91]

Answer:

Additional money, the firm have 4 years from now if it can earn 5 percent rather than 4 percent on its savings will be $3,423.

Explanation:

Principal Amount = P = $75,000

Number of year = n = 4 years

If rate of return is 4%

A = P ( 1 + r )^n

A = $75,000 ( 1 + 0.04 )^4

A = $75,000 x 1.16986

A = $87,740

If rate of return is 5%

A = P ( 1 + r )^n

A = $75,000 ( 1 + 0.05 )^4

A = $75,000 x 1.21551

A = $91,163

Additional Amount Earned = $91,163 - $87,740 = $3,423

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3 years ago