1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Softa [21]
3 years ago
9

1. How does each type of economy answer the three basic economic questions?

Business
1 answer:
Ganezh [65]3 years ago
3 0
In its purest form, a market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.

Key terms. In its purest form, a market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.

In a Centrally planned economy, also known as a command economy, the central government controls the factors of production and answers the three basic economic questions for all of society. Two systems often mentioned when centrally planned economies are discussed are socialism and communism.
You might be interested in
Which business environment are SMEs part of? Micro, market,macro environment and why
vaieri [72.5K]

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.



studiousguy.com › Marketing

3 0
3 years ago
How would external reporting of GAAP-based financial statements differ for a nonprofit hospital compared to a for-profit hospita
Alexxx [7]

Answer and Explanation:

The external reporting  of GAAP-based budget summaries for a non-benefit hospital will vary to a profit hospital in the accompanying ways:

  • For profit's hospital money related reports starts heading as "letter" from the entrepreneur or the CEO. The focal point of this letter is on the earlier year tending to any trouble the organization has survived. Though, non-benefit yearly reports report out the association's motivation and measurements about what number of individuals have profited by the examination, projects and administrations.
  • The yearly report of revenue driven associations regularly delineates how well they deal with their cash, to dazzle the potential speculators. Though, non-benefit associations simply center around how they go out dealing with the things will pretty much nothing or less assets close by, and the financing they put into their projects and administrations to help improve the network and offer help for those out of luck.
  • For profit associations wind up revealing their future field-tested strategies, for example, new item or administration propelling, which would make higher income and benefits for the organization in future. Not-for-profit associations, will some way or another state what administrations or projects have been the best and how they plan on building up these to serve more individuals on a bigger scale.

3 0
3 years ago
Cheyenne is the manager of a local small hotel. Just today Cheyenne received word that a major convention will be coming to town
Korolek [52]
What is the moon and how are we doing and I don’t know how much
8 0
3 years ago
Statement of Shareholders' Equity You may use the attached spreadsheet to help you complete this activity, but you are not requi
svlad2 [7]

Answer:

POWDER COMPANY Statement of Shareholders' Equity For Year Ended December 31, 2019:

Preferred Stock $100 par  $126,800

Common Stock $5 par $46,400

Additional Paid-in Capital on Preferred Stock $31,700

Additional Paid-in Capital on Common Stock $73,100

Retained Earnings $206,494

Total Shareholders' Equity $484,494

(See calculations below:)

Explanation:

a) Statement of Shareholders' Equity: This is a financial statement under the balance sheet which a company issues to show the changes within the equity section of the balance sheet over a designated period of time.

b) Preferred Stock $100 par $92,800

New Issue, 340                     $34,000

Total $126,800

c) Common stock, $5 par = $37,400

New Issue, 1,800 shares  =   $9,000

Total $46,400

d) Additional paid-in capital on preferred stock 21,500

From new issue of 340 by $30 per share         10,200

Total $31,700

e) Additional paid-in capital on common stock $58,700

From New Issue 1,800 by $8 per share             $14,400

Total $73,100

f) Retained earnings    =      $185,700

 Net Income for the year     $38,950

Less Dividends: Preferred -$8,876 ($7 x 1,268 shares)

Less Dividends: Common -$9,280 ($1 x 9,280 shares)

Retained Earnings balance $206,494

6 0
3 years ago
Which are guidelines for using Themes?
kipiarov [429]

Answer:

I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks

6 0
3 years ago
Other questions:
  • What is the preferred method of controlling environmentally hazardous materials during manufacturing, operations, and disposal?
    11·1 answer
  • If the bath was set to 80 °c, what do you think would happen to the rate of photosynthesis
    9·1 answer
  • Cook Builders pays its workers every two weeks. As of December 31 of Year 1, workers have earned wages of $9,000 for which they
    15·1 answer
  • Cooper, CPA, is auditing the financial statements of a small rural municipality. The receivable balances represent residents’ de
    7·1 answer
  • At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31
    15·1 answer
  • How can the federal government use discretionary fiscal policy to stimulate the​ economy? An economy is experiencing a recession
    10·1 answer
  • Desert Company purchased land to be used as a factory site for $1,250,000. Desert paid $120,000 to tear down two buildings on th
    7·1 answer
  • Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $2,000 as a one-time payment to secure
    9·1 answer
  • Which of the following constitutes an implicit cost to company A
    7·1 answer
  • Jessica has intrinsic job satisfaction, because she enjoys the tasks she does at work each day. Please select the best answer fr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!