Private individuals and companies decide what products to manufacture and what prices to charge for goods and services in aa. market economy.
b. socialist economy.
c. welfare state.
d. command economy.

Answers

Answer 1

Answer: The answer is A. Market economy

In market company, all economic decision such as : what products should be produce, how much is the price , how should it be distributed, what investments, etc, falls entirely to the power of Supply and Demand, while the government has no involvement in it

This means the decision will fall to private individuals and private companies

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You won a free ticket to see an Eric Clapton concert (which has no resale value). Bob Dylan is performing on the same night and is your most attractive alternative. Tickets to see Dylan cost $50. On any given day, you would be willing to pay up to $70 to be at a Bob Dylan concert. Assume there are no other costs of seeing either performer. What is the opportunity cost of seeing Eric Clapton?
EconBiz has issued a bond with the following characteristics:Par: $1,000 Time to maturity: 18 years Coupon rate: 7 percentSemiannual payments Calculate the price of this bond if the YTM is:A: 5% B:
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The Greens want to put an addition on their house 18 months from now. They will need to save $10,620 in order to achieve this goal. They set aside the same amount each month, and after a year discover they have saved $6,120. The Greens must adjust their plan in order to meet their goal, so they came up with the following options: Option A: Stay with saving the original amount each month but put the addition on one month later than originally planned.
Option B: Increase the amount of money they save each month by $120 from their original plan.
Which of the following statements is true?

a.Only option A will allow them to meet their goal.

b.Only option B will allow them to meet their goal.

c.Both options A and B will allow them to meet their goal.

d.Neither option A nor option B will allow them to meet their goal

Answers

The right answer for the question that is being asked and shown above is that: "d.Neither option A nor option B will allow them to meet their goal." The Greens want to put an addition on their house 18 months from now. They will need to save $10,620 in order to achieve this goal.

Final answer:

To meet their goal of saving $10,620 for a house addition, the Greens must adjust their saving plan. Neither option A nor option B will allow them to meet their goal.

Explanation:

To solve this problem, we can use the concept of proportions. Let's set up a proportion with the original saving plan and the amount saved after a year:

Original Plan: $10,620 / 18 months = $6120 / 12 months
Option A: $10,620 / 19 months = $6120 / 12 months
Option B: ($10,620 + ($120 * 18)) / 18 months = $6120 / 12 months

By simplifying each proportion, we can determine if the Greens will meet their goal:

Original Plan: $6120 = $6120 (True)
Option A: $6315 ≠ $6120 (False)
Option B: $10,680 ≠ $6120 (False)

Therefore, the statement 'Only option A will allow them to meet their goal' is false. The correct answer is Option A and B will not allow them to meet their goal (option d).

Learn more about Savings Goals here:

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The presence of which the following on a credit report will indicate high risk to a lender?a. a credit card
b. a delinquency
c. a credit inquiry
d. the debt-to-income ratio

Answers

The dept-to-income ratio. If someone is high risk, they have trouble paying off their debts, and are less likely to pay it back.

Answer:

The dept-to-income ratio. If someone is high risk, they have trouble paying off their debts, and are less likely to pay it back.

Explanation:

Which loan type requires you to pay the interest you accumulate during school?subsidized or unsubsidized

Answers

Subsidized LoansDirect Subsidized Loans are only available to undergraduate students. ...Eligibility is based on demonstrated financial need.The federal government pays the interest while you are in school at least half time, during the grace period, and during periods of authorized deferment.

Get Smart University is contemplating an increase in tuition to enhance revenue. If GSU feels that raising tuition would enhance revenue, it isa. assuming that the demand for university education is elastic
b. assuming that the demand for university education is inelastic.
c. assuming that the supply of university education is elastic.
d. ignoring the law of demand.

Answers

Answer:

Correct option is (b)

Explanation:

Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.

Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.

Which of the following is an advantage of rent control?

Answers

Answer;
It give landlords an incentive to attract renters.

Explanation;
Rent control is a form of price control that limits the amount a property owner, for example a landlord, can charge for renting out a home, apartment or other real estate.
Rent control helps maintain diversity and stability in neighborhoods, which increase property values.

One of the advantage of rent control is : It give landlords an incentive to attract renters

Government's Rent control will regulate the amount charged for rented housing. A landlords could take advantage of this and may alter his housing price below the standard price to attract more customers

What is the type of savings vehicle