List the four main types of economic systems and their main attributes.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Traditional systems Behaviour is based primarily on tradition custom and habit ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Question Posted:
Students also viewed these Economics questions
-
Compare the four main types of training?
-
What are four types of economic systems? Can you provide an example of a country using each type?
-
What are the four main types of corporate bonds?
-
A 14-foot piece of string is cut into two pieces so that the longer piece is 2 feet longer than twice the shorter piece. Find the lengths of both pieces. What is the lenath of the shorter oiece?1...
-
In taking a physical inventory at the end of year 2015, Grant Company forgot to count certain units. Explain how this error affects the following: (a) 2015 cost of goods sold, (b) 2015 gross profit,...
-
Why is it important to complement intuition with systematic study?
-
2 Are Nature Valley granola bars and Eddie Bauer hiking boots convenience, shopping, specialty, or unsought products?
-
Journalize the following transactions that occurred in January 2018 for Sylvia's Amusements. No explanations are needed. Identify each accounts payable and accounts receivable with the vendor or...
-
Category Prior Year Current Year Accounts payable 3,169.00 5,973.00 Accounts receivable 6,952.00 9,075.00 Accruals 5,643.00 6,034.00 Additional paid in capital 19,632.00 13,490.00 Cash ??? ??? Common...
-
Following is a comparative balance sheet for Barking Shark International Corporation Barking Shark International Corporation Balance Sheet December 31, 2017 and 2016 2017 2016 Current assets Cash...
-
Consider the market for doctors' services. In what way has this market taken advantage of the specialization of labour?
-
As we said in the text, the average family income in Canada is about $75 000 per year. Imagine a hypothetical world in which all Canadian families had this income. a. In such a world, would poverty...
-
Now, lets step back a bit and think about the scope of our inference. What are the wider implications? Do you think that your conclusion holds true for people in general?
-
4. (7%) Problem 4: Consider a 570 nm light falling on a single slit of width 1.1 m. Randomized Variables =570 nm w=1.1 um Forbes, David david.forbes@doane.edu @theexpertta.com - tracking id:...
-
(b) The following results are obtained in a double-slit experiment using light from a helium-neon gas laser: Width of 15 fringes = 3.0 cm Separation of slits = 1.5 mm Slit-to-screen distance = 2.5 m...
-
Read the mini-case, Ben and Jerry's Corporate Activism, and answer the following question: What are the pros and cons of Ben and Jerry's political activism when compared to other corporate political...
-
TOPIC : PROBLEMATIZATION - SECOND CURVE THINKING 1. What is second curve thinking?( a More in depth explanation ) 2. What are the implicit assumptions of second curve thinking? ( a More in depth...
-
I think the Power Distance measure in Hofstede's model (Hofstede Insights, n.d.) is particularly interesting.I led divisions in the U.S., New Zealand, and Thailand.Those three countries represented a...
-
In horizontal analysis, each item is expressed as a percentage of the: (a) net income amount. (b) stockholders equity amount. (c) total assets amount. (d) base-year amount.
-
Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $80,000 to Rosalie in exchange for one-half of her shares, which have a basis of...
-
Fiexibie budget performance report The Huddle Hotel uses a flexible budgeting system for planning and control. On the next page are flexible budget data for the fiscal year just completed. In...
-
The cost of partially completed goods at the end of the period would be Ending work in process inventory Cost of goods sold Beginning finished goods inventory Beginning work in process inventory
-
At a 3% (EAR) rate of interest, you will quadruple (increase four folds) your money in approximately ____ years.
-
Smile Company makes baked goods. The budgeted sales are $620,000, budgeted variable costs are $260,400, and budgeted fixed costs are $237,800. What is the budgeted operating income?
Study smarter with the SolutionInn App