Which of these is a major advantage of a market economy?
Select one:
1.There is efficient government control of production and
distribution.
2.It can change direction rapidly when needed as markets change.
3.People are likely to be offered goods and services they can't
afford.
4.There is a high degree of individual freedom.

Answers

Answer 1

These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.

What is Market Economy?

Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.

There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.

The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.

Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.

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Related Questions

The multiplier principle indicates that if business decision makers become more optimistic about the future and, as a result, increase their investment expenditures by $82 billion, real GDP a. will increase by more than $82 billion if the economy was initially operating at full-employment capacity. b. will decline if the marginal propensity to consume is less than 1. c. will increase by less than $82 billion if the economy was initially operating well below capacity. d. will increase by more than $82 billion if the economy was initially operating well below capacity.

Answers

From the multiplier principle if the business increases by 82 billion dollars they will increase by more than $82 billion if the economy was initially operating well below capacity. option d.

What is the multiplier principle?

The multiplier is the economic variable that when increased or changed would lead to changes in other economic factors.

If the business should have an increase of this amount then there should be a resultant increase of similar amount in the business.

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true or false: a/b testing is used for conversion rate optimization. true false

Answers

A/B testing is used for conversion rate optimization. Therefore, it's true.

What is conversion rate optimization?

It should be noted that the conversion rate optimization is the process of increasing the percentage or conversions from a mobile application.

In this case, A/B testing is used for conversion rate optimization. It father's users insights.

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When downgrading a client’s subscription, what will be affected as a result of the downgrade?

Answers

Downgrading a subscription is the process of decreasing the value or the services provided to a client.

Downgrading a client's subscription will result in a lower amount of subscription and or lower level of services available to the client.

The subscription can be upgraded as well depends on the requirements of the client

What is subscription?

A subscription is a monthly payment for a number of services available, the amount is usually paid at the end or the start of the month, while the services can be enjoyed for the whole month.

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true or false Marketing is a management orientation centered on customer satisfaction and an organizational function that is integrally related to the entire organization's mission, objectives, and resource

Answers

The answer to "true or false management orientation....." is True

7. If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income

Answers

Disclaimer

The question is incomplete and hence the correct question is shown below

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):

Sales: $20,000    

Variable expenses: $12,000    

Contribution margin: $8,000    

Fixed expenses: $6,000

Net operating income: $2,000  

If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income?

The net operating income is $860

Given the values for sales , variable expenses , contribution margin , fixed expenses and the net operating income

We know that

Sales: ((1150+130)=1180 units) * ($20,000/10)=$20) = $23,600

Variable Expenses: 1180 units * ($12,000/1000)+1) = $13) = $15,340

Contribution Margin (Sales - Variable Expenses): $8,260

Fixed Expense (Variable Expense - Contribution Margin): $7,400

Net Operating Income (Contribution  Margin - Fixed Expense): $860

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What are the goals when a government uses expansionary monetary policy? check all that apply.

Answers

The goals when a government uses expansionary monetary policy are

Increasing its money supply to boost the economy.Increasing its money supply to speed business expansion.Decreasing its interest rates to increase investment spending.

What is expansionary monetary policy?

This is when a government relax its control on the volume of money supply in an economy.  The purpose of the policy is to expand money supply and also lowers short-term interest rates.

It is to be noted that expansionary monetary policy is intended to promote more economic activity.

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N.B

Please see complete question below:

What are the goals when a government uses expansionary monetary policy? Check all that apply.

Increasing its money supply to boost the economy

Decreasing its money supply to slow the economy

Increasing its money supply to speed business expansion

Decreasing its money supply to curb business expansion

Decreasing its interest rates to increase investment spending

Answer:

A) increased available credit

C) increased money supply

F) decreased interest rate

Explanation:

got right

true or false: if prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off.

Answers

It is false that If prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off.

What is a relative price?

A relative price can be described as the ratio of two prices or the price of a good or service in relation to another.

In general, when prices change relative to one another, some people do better and others do worse, even while the total level of prices remains the same.

Therefore, it is false that no one benefits or suffers when prices fluctuate in a way that keeps the total level of prices constant.

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What is the main benefit of the dsu for team members

Answers

The DSU is important for team members to out their thoughts and idea together.

What is Daily Stand-Up (DSU)?

This is a particular time and place members of a team or organization meet to discuss and make critical decisions.

It helps them to organize their thoughts and ideas together.

Therefore, the DSU is important for team members to out their thoughts and idea together.

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Which sentence best completes the diagram?

Answers

Original Question: A central bank raises interest rates on reserves

Answer: Investors are less likely to purchase bonds:

Reason: When the economy is good, the level of borrowing money becomes extraordinarily high since there is confidence in the market.

As in, people believe that they can return the money back to the bank since there is a high chance of making the money back up again at a profit.

However, as more and more people do that, the economy heads into state of inflation.

To ensure that the inflation rate doesn't go up sky-high, central banks raise the interest rate on loans which discourages investors to get loans or bonds due to how much they need to pay back later on.

Hope that helps!

any two importance of office resources​

Answers

Two importance of office resources are greater output and promote productivity .

What are office resources ?

All of the resources and amenities found in an office, including people, tools and supplies, furniture and equipment, cash, modes of transportation, and communication, are referred to as office resources. These resources are used to help the organization achieve its goals.

Two improtance of office resources are:Greater output is made possible because every business strives to produce as much as possible while using the fewest resources possible. Better resource utilization management can be used to accomplish such a feat.It helps to promote productivity: Office supplies aid in boosting office employees' productivity. Equipment such as furniture, machinery, and other items make work more comfortable and convenient, which improves worker productivity.

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During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of

Answers

Based on the amount of raw materials requisitioned, the journal entry to debit the Manufacturing Overhead would be $4,000.

What amount would be debited to manufacturing overhead?

The manufacturing overhead is for expenses that are not directly involved in the manufacturing process.

This is why it is the indirect material amount of $4,000 that will be debited to the manufacturing overhead account.

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A major supplier to an auto manufacturer would most likely adopt which production and inventory strategy?

Answers

A supplier to an auto manufacturer will most likely adopt the policy of ​B. Make-to-stock strategy.

What is a ​Make-to-stock strategy?

This is a strategy that is based on forecasted product demand where suppliers produce the goods they are to sell based on what they think will be needed.

A supplier to a car manufacturer would use this method because they would like to have parts readily available to be sold to the auto manufacturer.

Options are:

A.Postponement strategy

B.​Make-to-stock strategy

C.​Assemble-to-order strategy

D.​Make-to-order strategy

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Accounts receivable are normally reported at the: Present value of future cash receipts. Current value plus accrued interest. Net realizable value which is Accounts receivables minus allowance for uncollectible. Current value less expected collection costs.

Answers

The accounts receivable are normally reported at the expected amount to be received.

What is an accounts receivable?

This refers to the amounts owed by client which is due for payment within 30 days after the sale of goods and services on credit.

In accounting, the accounts receivable are normally reported at the expected amount to be received.

Therefore, the Option E is correct.

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From a macroeconomic perspective, a payment made by a foreign firm to a u. S. Investor looks just like an:

Answers

When looking from a macroeconomic view, a payment from a foreign firm to a U.S. investor comes across as a Foreign portfolio investment (FPI).

What is a Foreign portfolio investment?

This refers to when a foreign investor buys assets and investments in another country.

When a foreign company makes a payment to a U.S. investor, it is an FPI because money is flowing into the U.S. from another nation.

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The contractual rate of interest is usually stated as a(n)

Answers

When the contractual rate of interest is stated, it is usually done as an annual rate.

How is the contractual rate of interest shown?

The contractual rate of interest refers to the return rate that creditors expect when they loan a person money.

This rate is often shown on an annual basis which can then be converted to a periodic rate based on the compounding frequency.

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Notification by the bank that a deposited customer check was returned nsf requires that the company make the following adjusting entry:

Answers

If the bank notifies the company of a deposited customer check that was returned NSF, the company would have to Debit Accounts Receivable and Credit cash.

What happens when a check is returned NSF?

This means that the check did not clear and so the depositor still owes the company the amount they had written on the check.

The company would then have to debit Receivables to show that the person still owes them, and credit cash to show the cash never reported.

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utilizing the general education electives list in the college catalog menu (link below), eng 230 is considered which area of electives?

Answers

Based on the fact that Eng 230 is an English language course, it will most likely fall under Humanities or Fine Arts.

What classification does English fall under as a college course?

The link is not provided so I will have to give a general answer.

English as a language will often fall under the Humanities department where you might find other languages such as French and Spanish.

In some cases, it could also fall under Fine Arts thanks to its use in Theatre and Drama as well as Film and Television.

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David, a sales manager at Texel Inc., is known for his dominant behavior. He often disregards the suggestions of his team members and gets his own way at their expense. David's demeanor is an example of _____.

Answers

David, a sales manager at Texel Inc., is known for his dominant behavior. He often disregards the suggestions of his team members and gets his own way at their expense. David's demeanor is an example of aggressive behavior. This is further explained below.

What is aggressive behavior.?

Generally,  According to social psychology, the term "aggression" is used to characterize any action or act with the intent to do damage to another person, animal, or object.

In conclusion, Sales manager David of Texel Inc. is notorious for his aggressive demeanor. He often goes against the wishes of his teammates to accomplish his own goals. An aggressive attitude, such as David's, is exemplified by his actions.

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What is the approximate yield to maturity for a $1000 par value bond selling for $1120 that matures in 6 years and pays 12 percent interest annually

Answers

The approximate yield to maturity of the bond considering the par value, selling price as well as years to maturity is  9.43%

The requirement is to determine the approximate yield to maturity of the bond using a formula approach.

The approximate yield to maturity of a bond is different from the yield computed using a financial calculator or excel spreadsheet because the yield computed using a software approach is precise, in other words, the approximate yield to maturity of a bond can be computed using the formula provided below:

Yield=(C+(F-P)/n))/(F+P)/2

C=annual coupon=12%*$1000

C=$120

F=face value=$1000

P=current price=$1,120

n=years to maturity=6

Yield=($120+($1000-$1120)/6)/($1000+$1120)/2

Note $1000-$1120/6=-$20

Yield=($120-$20)/($2,120)/2

Yield=$100/$1060

Approximate yield=9.43%(rounded to 2 decimal places)

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oas on a callable bond is 75 basis points using on-the-run treasuries as benchmark rates. which is correct?

Answers

The correct statement is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates. Read below about a callable bond.

What is a callable bond?

A callable bond is a type of bond that permits the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. Consequently, the said point which is basis is 75.

Therefore, the correct answer is option C. OAS reflects the credit risk and liquidity risk of the bond over the treasury benchmark rates.

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31. If a company initially records the purchase of supplies to the supplies expende account, the mount of the adjusting entry made at the end of an accounting period will be equal to

Answers

We can actually deduce here that the amount of the adjusting entry that was made at the end of an accounting period will be equal to the supplies on hand at the end of the period.

What is accounting period?

An accounting period is actually known to be the period of time that a particular accounting function is covered. It can be a fiscal year, quarterly, monthly or even weekly.

We see here that the amount of the adjusting entry that was made at the end of an accounting period will be equal to the supplies on hand at the end of the period.

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Owen is offered a contract to join a professional basketball team. He accepts their offer. What is TRUE about this acceptance?

A. Owen has offered his new team a consideration.
B. Owen has given his team power of attorney
C. Owen has now agreed to a living will,
D.Owen has participated in the concurrence of wills.

Answers

The truth about the acceptance of this scholarship from Owen is that Owen has participated in the concurrence of wills.

What is the concurrence of wills?

When we use this term, what is being said is that both parties involved in the contract have the same will or agreement.

This can be said that Owen and the team have the same will by getting to the same agreement.

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The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates. b. increases aggregate demand and exerts an expansionary effect on real output. c. reduces savings because it increases both the current and future tax liability of households. d. is highly effective against inflation.

Answers

The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.

What is the substitution of debt for tax financing?

The substitution of debt for tax financing is the use of deferred taxes in the form of debt.

Debt financing creates a financial arrangement whereby an entity takes up a secured or unsecured loan to finance a project.

Thus, the new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.

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When changes occur because of stock receipts and disbursements, scrap losses, wrong parts and canceled orders, the real-time file capturing these changes is called the Multiple choice question. bill-of-material file. peg record file. inventory transactions file. inventory backlog file.

Answers

Changes in stock receipts and disbursements as well as canceled orders, are captured by the inventory transactions file.

What does the inventory transactions file do?

It is used to record entries that have to do with the inventory of a company such as stock disbursements for sale.

Other entries relating to inventory that it manages include canceled orders and stock receipts when initially purchased or transferred.

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Many American consumers are replacing older versions of washing machines and dishwashers with water- and energy-saving models and to invest in phosphate-free laundry detergent and mercury-free and rechargeable batteries. These consumers

Answers

The American consumers using water and energy-saving models instead of older versions of washing machines are the consumers who are contributing to creating a greener environment.

Who are consumers?

Consumers are the individuals who acquire products for satisfying their wants and needs on a regular basis for consumption.

The replacement of older models of washing machines with energy and water-saving models and the investment in detergent powders with no phosphate content and batteries which can be reusable will eventually result in creating eco-friendly surroundings with lesser pollution.

Therefore, a greener environment is created by the consumers by doing the needed changes as explained above.

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suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of books supplied at a price of $16?

Answers

The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

How do production costs affect supply?

When production costs (input) increase, the quantity supplied at a given price decreases.

Conversely, a decrease in production costs increases the quantity supplied.

Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.

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Nelson is motivated by a strong need for recognition and is continually seeking credit for his contributions to the organization. According to maslow, nelson is motivated by which category of needs?

Answers

The Self-Esteem category of need is the need that motivates Nelson as he is continually seeking credit for his contributions to the organization

What is the Self-Esteem category?

According to the Maslow hierarchy, this category of needs is one that involve building of high confidence in one's own worth and abilities.

Hence, the Self-Esteem category of need is the need that motivates Nelson as he is continually seeking credit for his contributions to the organization.

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A financial services company with insurance, investments, mortgages, and banking divisions is best characterized as having aMultiple Choicefunctional design.product structure.geographic structure.horizontal design.

Answers

A financial services company with insurance, investments, mortgages, and banking divisions is best characterized as having a product structure.

What is product structure?

Product structure can be defined as  structure that comprises of the different services a company or organization rendered or offers to their customers.

The financial services tend to offer different product or service within the company.

Therefore the correct option is B.

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When a country allows international trade and becomes an exporter of a good, Question 11 options: domestic producers of the good become better off. domestic consumers of the good become worse off. the gains of the winners exceed the losses of the losers. All of the above are correct.

Answers

The likely outcome when a country allows international trade and becomes an exporter of a good is that the Domestic producers of the good are better off.

Who are the Domestic producers?

These are the manufacturing firms in the exporting countries.

Hence, when the country allows international trade and becomes an exporter of a good, the Domestic producers of the good are better off because they produces more for exportation purpose.

Therefore, the Option A is correct.

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Which regulatory agency protects consumers from injury or death resulting from the use of a product?.

Answers

Answer:

The Consumer Product Safety Commission.

Explanation:

I believe this is right. Lol :')

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