Explanation:
a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.
b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.
One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.
Answer:
There are several statistical forecasting methods.
Some of them are:
- Linear Regression
- Multiple Linear Regression
- Productivity Ratios
- Time Series Analysis
- Stochastic Analysis
- Straight Line and
- Moving Average
Cheers!
B. Command economy
This is because this is exactly what. Command economy does
I'd say D just because if you can't rely on someone and I doesn't get there it's going to be really bad
Answer:
Dr Patents 29,600
Cr Cash 29,600
Dr Amortization Expense 7,800
Cr Patents 7,800
Explanation:
Blue Corporation Journal entry
Dr Patents 29,600
Cr Cash 29,600
(To record expenditure of patents)
Dr Amortization Expense 7,800
Cr Patents 7,800
(To record amortization expense)
Patents = [($32,800+ $29,600) x 1/8]
= $7,800