Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the

The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of: A. derived demand. B. consumer sovereignty. C. market failure. D. the government's iron fist

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

What Environmentalists Need To Know About Economics

Authors: Jason Scorse

1st Edition

0230107311, 9780230107311

More Books

Students also viewed these Economics questions

Question

★★★★★

Journalize the following transactions of Cramer, Inc., which ends its accounting year on June 30: Apr 1 Loaned $20,000 cash to R. Simpson on a one-year, 8% note. Jun 6 Sold goods to Friday, Corp.,...

Answered: 1 week ago

Question

★★★★★

There is a cash flow of $125 at time 1.68 years to be allocated to two time points: 1.5 years and 2 years. The zero-coupon rates for these two points are 3% and 4%, and compounding is continuous....

Answered: 1 week ago

Question

★★★★★

33. If Ri denotes the random amount that is earned in period i, then i=1 i1Ri , where 0

Answered: 1 week ago

Question

★★★★★

Describe four types of system maintenance and provide two examples of each type.

Answered: 1 week ago

Question

★★★★★

Problem 11-18 Return on Investment (ROI) and Residual Income DLO11-1, L011-2] "I know headquarters wants us to add that new product line said Dell Havasi, manager of Billings Company's Office...

Answered: 1 week ago

Question

★★★★★

Problem 22-1B Responsibility accounting performance reports; controllable and budgeted costs P1 Britney Brown is the plant manager of GT Co.'s Chicago plant. The Refrigerator and Dishwasher operating...

Answered: 1 week ago

Question

★★★★★

Athena firm started the year with retained earnings of $1,300,000. Their net income during the year was $250,000. They paid dividends of $25,000. They also borrowed $100,000 that they will have to...

Answered: 1 week ago

Question

★★★★★

3. The identification of Critical-to-Quality (CTQ) Features and Key Characteristics is conducted as which phase of APQP? a. Plan and Define b. Product Design & Development c. Process Define &...

Answered: 1 week ago

Question

★★★★★

QUESTION 5 Explain how the sentiment analysis could be used by Spar (South African supermarket) to improve customer service quality. Include the following: a. explain the nature and importance of...

Answered: 1 week ago

Question

★★★★★

You and your friend want to start a company that sells pancakes. Your friend can make 1 pancake in 1 minute and process a payment in 2 minutes. You take 4 minutes for 1 pancake and 2 minutes for the...

Answered: 1 week ago

Question

★★★★★

Consider a source computer (S) transmitting a packet of size 15000 bits to a destination computer (D) over a network of two routers (R1 and R2) and three links (L1, L2 and L3). L1 connects S to R1;L2...

Answered: 1 week ago

Question

★★★★★

8. How can an interpreter influence the message?

Answered: 1 week ago

Question

★★★★★

The geographical location of the sender, i.e. where the sender resides

Answered: 1 week ago

Question

★★★★★

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Previous Question Next Question