The answer is A.- Roads, Mail delivery, and education
Answer:
command economy
Explanation:
In a command economy, the government is the only determinant of what is to be produced, its quantity, and price. All the factors of production belong to the government. The government or the central authority creates a central plan that guides all country's economic activities and decisions.
The private sector is absent in a command economy. The government is the only employer. Citizens do not have the freedom to choose what to buy, but rather what is available.
Answer:
The GDP price index for 1984 using 2005 as the base year was 80%
Explanation:
The GDP price index:
X/100 = $16/$20
X = 80%
Therefore, The GDP price index for 1984 using 2005 as the base year was 80%
Answer: The Demand should be in elastic
Explanation:
Peacock hotel rooms are a normal good and they have a negative price elasticity of demand, meaning a decrease in price of hotel rooms per night will increase quantity of hotels rooms demanded for Peacock.
Peacock is considering decreasing Prices to $ 175 per unit, for this decrease in Prices to lead to a decrease in total revenue, The demand for Peacock hotel rooms should be inelastic. When the demand for Peacock hotel rooms is inelastic a decrease in price to $ 175 will lead to a small change in the quantity of hotel rooms demanded for Peacock which will then lead to a decrease in Total Revenue.
Answer:
$314,000
Explanation:
The computation of total assets is shown below:-
Total equity = $161,000
Revenue = $226,000
Expenses = $173,000
Liabilities at the end of the year = $100,000
Income of the year = $226,000 - $173,000
= $53,000
Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities
=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year
= $161,000 + $53,000 + $100,000
= $314,000
