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Anton [14]
2 years ago
9

I’m terms of production, what best describes the difference between capitalism and socialism?

Business
1 answer:
vivado [14]2 years ago
4 0

Answer:

i do not know this

Explanation:

i do not know this

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Consider the production possibilities frontier model for an economy that produces only two goods: barley and cars.
Alex17521 [72]

Answer:

Production Possibilities Frontier

Explanation:

In a theoretical economy, the production possibilities frontier, is the curve that shows the  combination of goods produced (barley and cars) by an economy given a limited resource. Furthermore the more goods (barley) is produced, the less cars are produced. Thus, for every additional barley's produced, there's an opportunity cost of cars.

7 0
3 years ago
Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake
USPshnik [31]

Answer:

the correct answer would be D  No, trade isn't possible, because Stephen has an absolute advantage in both making cookies and moving boxes.

Explanation:

Stephen can move 34 more boxes/hr and bake 19 more cookies/hr than Lebron can.

7 0
3 years ago
Read 2 more answers
Taxes are used for which of the following?
Mashutka [201]

All of the above. Taxes are used for each of these.

4 0
3 years ago
You operate a car detailing business with a fixed amount of machinery​ (capital), but you have recently altered the number of wo
NemiM [27]

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

3 0
3 years ago
If a firm's goal is to maximize its earnings per share, this is the best way to maximize the price of the common stock and thus
ozzi

Answer:

False is the answer

6 0
2 years ago
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