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2 years ago

Which of the following economic systems best describes the economy of the United States?

Business

2 answers:

Fantom [35]2 years ago

8 0

The BEST description of the economic system of the United States is <u>D. free-market capitalism.</u>

<h3>What is free-market capitalism?</h3>

Free-market capitalism is known for the following features:

Private individuals control the factors of production.
It is a purely capitalist economic system.
The laws of supply and demand regulate production, labor, and the marketplace.
An unregulated system of economic exchange reigns.
Non-existence of or minimal presence of centralized economic interventions.

The best description of the economy of the United States is not:

Marxism
Command
Socialism
Closed economic system.

But the BEST description of the economic system of the United States is <u>D. free-market capitalism</u>.

Learn more about free-market capitalism at brainly.com/question/3369578 and brainly.com/question/600577

raketka [301]2 years ago

5 0

Answer:

Free-market Capitalism

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Tom, an art history professor owned and lived in a home in Dubuque, Iowa, for the past four years. He spends a year in Italy aft

photoshop1234 [79]

Answer:

If Tom is single, he can claim THE $250,000 CAPITAL GAINS EXEMPTION.

Explanation:

Capital gain taxes are taxes on any profit you make from the sale of something, such as a house. These taxes apply unless you upgraded to a home with a more expensive purchase price.

With the passage of the taxpayer relief act, individuals can exclude up to $250,000 of capital gains from taxation and married couples can exclude up to $500,000.

To qualify for the home sale capital gains tax exemption, one must pass the use test (looking at whether one used/lived in one's home). One must have owned and lived in the residence for at least two out of the last five years before the sale.

Therefore, since Tom is single and has lived in his home for the past four years and wants to sell, he qualifies for the exemption and can claim THE $250,000 CAPITAL GAINS EXEMPTION.

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3 years ago

1. List names of all employees who are not from Department A00. 2. What is the average of all employee salaries? 3. Which employ

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Please find schedule attached

Answer and Explanation:

1. Names of employees who are not from Department A00 include employees whose work department isn't A00 such as:

Michael Thompson, Sally Kwan, John Geyer, Irvin Stern etc(please refer to attachment)

2. Average of all employees salary = total employees salary /number of employees = $627415/25=$25096.6

3. There are 16 employees earning above the average salary of the employees, such as Christine Haas, Sally Kwan etc

4. There are 6 employees earning above $35000 such as Christine Haas, Michael Thompson, Sally Kwan, John Geyer etc

5. Ms. Haas currently makes $633000 yearly($52750 per month). If she makes $500000 per year then her salary per month will be $500000/12=$41666

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3 years ago

In an attempt to restore equity in the workplace, managers should make sure decision-making processes are fair. For example, emp

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3 years ago

Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t

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Answer:

c. $30,000 lower

Explanation:

Missing word <em>"Rice Corporation currently operates two divisions which had operating results last year as follows: </em>

<em>West Division Troy Division </em>

<em>Sales $600,000 $300,000 </em>

<em>Variable costs 310,000 200,000 </em>

<em>Contribution margin 290,000 100,000 </em>

<em>Traceable fixed costs 110,000 70,000 </em>

<em>Allocated common corporate costs 90,000 45,000 </em>

<em>Net operating income (loss) $ 90,000 ($15,000)</em>

<em>Options are: a. $15,000 higher, b. $45,000 lower, c. $30,000 lower, d. $60,000 higher"</em>

Particulars Amount

Contribution margin $100,000

Less: Traceable fixed costs <u>$70,000</u>

Segment margin of Troy Division <u>$30,000</u>

The operating income would been $30,000 less without the segment margin contributed by the Troy Division. Hence, If the Troy Division had been eliminated at the beginning of last year, Rice Corporation's operating income for last year would have been $30,000 lower.

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3 years ago

in the long run, the representative firm in monopolistic competition tends to have multiple choice excess capacity. economic pro

Lady_Fox [76]

Due to its ease of accommodating an increase in production, the representative firm in monopolistic competition typically has excess capacity over time.

<h3>What will happen if a monopolistic, rival business raises its price?</h3>

However, customers have the option to purchase a comparable product from another company if a monopolistic rival increases its price. When a dominant rival raises prices, it will not lose as many clients as a business operating in perfect competition, but it will lose more clients than a monopoly.

<h3>Why does monopolistic competition have excess capacity?</h3>

Natural monopolies or monopolistic competition both have excess capacity as a feature. It could take place as a result of businesses having to make lumpy or indivisible investments to boost capacity as demand rises.

Learn more about monopolistic competition: brainly.com/question/28189773

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2 years ago