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

Question

1 Approved Answer

CHOISE ONLY 9 Suppose, in a country, businessmen are free to purchase and utilize resources to produce whatever they want to produce and sell in

CHOISE ONLY 9

Suppose, in a country, businessmen are free to purchase and utilize resources to produce whatever they want to produce and sell in to the market. Their business activities are based on profit motive. In your opinion, what type of economic system the country is following?

a.

Mixed

b.

None of the options

c.

Socialist

d.

Capitalist

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

Econophysics And Financial Economics An Emerging Dialogue

Econophysics And Financial Economics An Emerging Dialogue

Authors: Franck Jovanovic, Christophe Schinckus

1st Edition

0190205032, 9780190205034

More Books

Students also viewed these Economics questions

Question

★★★★★
What are some of the challenges associated with managing alliances? How do host governments affect these?

Answered: 1 week ago

Question

★★★★★
Moniqueline Industries manufacturers a single product. Moniqueline Industries has reported the following annual cost information: Normal Production/Sales Level Sales Price per Unit Direct Materials...

Answered: 1 week ago

Question

★★★★★
8.35 'Tweens When it comes to advertising, "tweens" (kids aged 10 to 13) are not ready for the hardline messages that advertisers often use to reach teenagers. One study found that 78% of 'tweens...

Answered: 1 week ago

Question

★★★★★
Refer to problem S6.16. If the defective rate was 3.5 % instead of 1.5%, what would be the control limits (z = 3)? In problem S6.16, In the past, the defective rate for your product has been 1.5%....

Answered: 1 week ago

Question

★★★★★
? Shortcuts. X PER X2 174% 19 Tot Pictures 19 Auto Correct To C. Capital Ne Beag As Capital ehted as te me ned on Comment Sales Calculation of gaining ratio Na Rario - O Rato Cai Batu 4 w 31- 7-63 10...

Answered: 1 week ago

Question

★★★★★
The theoretical justification for the Sharpe ratio is the: Gordon growth model Investment objective given in fund prospectus Coefficient of variation OCML

Answered: 1 week ago

Question

★★★★★
Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units) $150,000 Variable...

Answered: 1 week ago

Question

★★★★★
Find the stable reactor period for the zero-power reactor whose no response is shown in Figure 1.35 1.3 1.25 1.2 1.15 1.1 1.05 1 0 0.25 0.5 0.75 Time (s) 1 1.25 1.5

Answered: 1 week ago

Question

★★★★★
Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic...

Answered: 1 week ago

Question

★★★★★
ANOVA CASE STUDY The watch supervisor wants to know if there is a statistical significance between the working shift's productivity. The following data pertains: 4 PMMidnight 21 Midnight 8 AM...

Answered: 1 week ago

Question

★★★★★
the McKinsey Customer Decision Journey model of consumer behavior suggests that the best thing fter customers make a purchase is: Begin an ongoing and regular process of exposing them to the brand\'s...

Answered: 1 week ago

Question

★★★★★
5. Identify three characteristics of the dialectical approach.

Answered: 1 week ago

Question

★★★★★
6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

★★★★★
4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Previous Question Next Question