FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Any government intervention in the market. -Individuals in free markets pursue their own interest. -If all economic agents are free, the market can allocate the

image text in transcribed
image text in transcribed
Any government intervention in the market. -Individuals in free markets pursue their own interest. -If all economic agents are free, the market can allocate the resources efficiently in an automatical way. is that a command economy or free market economy? a. command b. free market jayta

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics and Business Strategy

Managerial Economics and Business Strategy

Authors: Michael Baye, Jeff Prince

9th edition

9781259896422, 1259290611, 1259896420, 978-1259290619

More Books

Students also viewed these Economics questions

Question

★★★★★
(a) What are the three aspects of maximizing the power of a t-test? (b) What are the three aspects of maximizing the power of a correlation coefficient?

Answered: 1 week ago

Question

★★★★★
In Exercises 1930, solve each system by the addition method. = 3x = 4y + 1 3 = 1 - 4x =

Answered: 1 week ago

Question

★★★★★
An electronic game machine makes a profit of c dollars per hour of service. The machine, however, breaks down at random times. In particular, it is assumed that the number of breakdowns follows a...

Answered: 1 week ago

Question

★★★★★
On October 1, 2014, Daster Corporation declared a $50,000 cash dividend to be paid on December 15 to shareholders of record on November 1. Required Record the events occurring on October 1 and...

Answered: 1 week ago

Question

★★★★★
Cash expenditures a firm incurs to pay for resources are called Multiple Choice O O O O normal profit. opportunity costs. implicit costs. explicit costs

Answered: 1 week ago

Question

★★★★★
CoursHeroTranscribedText: 12. Which of the following is the best estimate of the instantaneous rate of change to the function f(x) = x* - 2x + 3 at x x - 5 = 3? [T] a. C. -JIN N/- WIN NIN b. d

Answered: 1 week ago

Question

★★★★★
A thyroid cancer patient ingests a single dose of radioactive iodine-131 to kill the cancer cells. Iodine-131 has an effective half-life of approximately 7.71 days--some is lost to radioactive decay,...

Answered: 1 week ago

Question

★★★★★
Question 9 3 pts Currently, the Bright Ltd is an all-equity company. Earnings before interest and taxes (EBIT) for the company is expected to be $73,084 forever, and the cost of capital is currently...

Answered: 1 week ago

Question

★★★★★
A state fisheries commission wants to estimate the number of bass caught in a given lake during a season in order to restock the lake with the appropriate number of young fish. The commission could...

Answered: 1 week ago

Question

★★★★★
QUESTION 4 The following Trial Balance was extracted from the books of Mega Enterprise as at 31 December 2020. Particulars Debit (RM) Credit (RM) Capital 215,000 Duty on purchases 2,300 Insurance...

Answered: 1 week ago

Question

★★★★★
As the safety manager on a construction site, you have many roles. At the site, we are working we must approve the trenching and excavation plans for the subcontractors performing the work. Looking...

Answered: 1 week ago

Question

★★★★★
Find the critical value 20:12 that corresponds to the given condence level. 99% 10:12 = (Round to two decimal places as needed.)

Answered: 1 week ago

Question

★★★★★
1. What will happen in the future

Answered: 1 week ago

Question

★★★★★
3. Avoid making mistakes when reaching our goals

Answered: 1 week ago

Question

★★★★★
4. Achieve our positive goals (1 and 3 are motivated by avoiding the negative, while 2 and 4 are motivated by the positive). b. Initiative: When I communicate with others, I think it is very...

Answered: 1 week ago

Previous Question Next Question