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insens350 [35]
2 years ago
8

Consider a country in which most of the productive resources are collectively owned by the state. As this country moves toward a

system of private property rights, we can expect economic growth to ________ due to a(n) ________ the production function.
Business
1 answer:
Sedaia [141]2 years ago
5 0

People often have property rights. we can expect economic growth to increase due to an upward movement along  the production function.

<h3> </h3><h3>What is property rights? </h3>
  • Property rights is known to be the theoretical and legal ownership of some specific resources and how one can use them.

In economics, property rights is known to be the basis for all kinds of market exchange, and the sharing of property rights in a society influences the efficiency of resource use.

Conclusively, the stronger or the increase in the set of property rights, the more increase the zeal to work, save, and invest, and this in turn leads to a more better operation of the economy system.

See options below

decrease; downward movement along

increase; upward movement along

decrease; downward shift of the

decrease; movement up along

Previous question

Learn more about Economic systems from

brainly.com/question/16022081

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The legal system in the United States is based on _____.
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Common law is the answer hope this helps!
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2 years ago
As a manager, two of Sylvia's strengths are her ability to communicate goals clearly, and her ability to guide, coach, and motiv
lesya692 [45]

Answer:

D, Leading

Explanation:

If Sylvia excels in communicating goals, guiding, coaching, and motivating, I would say that she would be best at D, leading. Leading is a synonym for guiding.

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2 years ago
Friendly's quick loans, inc., offers you "ten for twelve or i knock on your door." this means you get $10.00 today and repay $12
valkas [14]

Answer:

Friendly's would say you were paying <u>1042.86% APR</u>.

Explanation:

Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.

Annual Percentage Rate (APR) can be determined using the following formula:

APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)

Where;

APR = ?

Fees = 0

Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00

Principal = Amount to borrow = $10.00

n = Number of days in the loan term = One week = 7 days

Substituting the values into equation (1), we have:

APR = {[(0 + 2) / 10 / 7] * 365} * 100

APR = 1042.86%

Therefore, friendly's would say you were paying <u>1042.86% APR</u>.

5 0
2 years ago
Below are various transactions that a local corporation had occur during the month. For each transaction, indicate the transacti
Debora [2.8K]

Answer:

Explanation:

As per accounting equation,

Assets =  Liabilities + Owners Equity

Following would be the effect of the transactions:

A. Received $50,000 in cash from sale of common stock

This transaction would increase the assets as cash is an asset at the same time it would increase capital or owners equity by the same amount.

So this will cause an increase in amount on both sides by $50,000

B. Borrowed $20,000 from the local bank by signing a note promising to pay loan plus interest in 2 years

This would result into an increase in the liability by the money borrowed at the same time would increase cash balance i.e the assets.

Thus it will increase the accounting equation by $20,000.

C. Paid $8000 for the purchase of an equipment

This increases the assets balance at the same time reduces the cash balance. Since both equipment and cash are assets, the net effect of the transaction on equation would be NO EFFECT.

D. Provided services to customer on account

This would increase debtors or accounts receivables balance and at the same time would increase sales.

So the effect would be an increase on the assets side of the equation. Also since this represents a credit sale, this would increase the profits which would form part of reserves which in turn increases the owners equity.

Thus, an increase in assets and owners equity which shall increase the equation by $5000

E. Received $ 5000 from customers above

This shall increase cash balance and at the same time reduce debtors balance by $5000. Since both are assets, the transaction will have NO EFFECT.

F. Paid $1,200 for one years worth of insurance in advance

Premium paid in advance is a prepaid expense and an asset. This shall increase prepaid expenses and at the same time reduce cash by the same time so it will have NO EFFECT on the equation.

G. Paid $800 to employees for salaries

This reduces the profits by $800 i.e owners equity and at the same time reduce cash (an asset).

So the equation will decrease by $800.

H. Purchased supplies costing $1,400 on account

This refers to credit purchases which shall increase the purchases balance which in return would reduce profits and hence owners equity. At the same time it will create a liability for creditors which shall increase the balance of liabilities by the same amount. So NO CHANGE

5 0
3 years ago
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