A pure capitalist economy is one where the government takes no part in the economy, and all economic decisions are made by the market forces of supply and demand.
The statement that best describes a pure capitalist economy is: 'The government takes no part in the economy'. This is because in a pure capitalist system, also known as a free-market system, economic decisions about what to produce, how to produce, and for whom to produce are made solely by the market, which consists of buyers and sellers. In other words, the forces of supply and demand direct the production and distribution of goods and services, without government intervention.
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B. saddle
C. back-to-back
D. offset
Answer:
false
Explanation:
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Answer:
Bait and switch
Explanation:
Bait and switch is a sales method that is carried out to attract customers. It is done by reducing the price of the products with the intention of giving the customer a different product at a much more higher price.
Bait and switch is a deceptive means of advertising that is used by retailers to trick people into their shops to enable them to buy a different product other than the ones which were advertised.
Answer:
B. First-in, first-out (FIFO)
Explanation:
Inventory costing method: A method of approximating the flow of inventory costs in a business that is used to determine the amount of cost of goods sold and ending merchandise inventory.
First-in, First-out (FIFO) Method: It is one of the inventory valuation methods to estimate the value of inventory at the end of the accounting period. This method assumes that the goods which are first, these are the one which will be also sold first. This method is also helpful for the business to determine the cost of goods sold during the period.