Choose the correct box of the best buy available. a can of peaches at 49¢ a can 10¢ off on a can of peaches usually selling for 58¢ a can

The answer is B.

The 5 characteristics of a market economy are ability to own private property, freedom of economic choice, motivation by self interest, competition and limited government intervention. A sounds more socialist, as that would imply the government supplies the people with goods such as food, instead of leaving it to private enterprise.

Hope this helps.

Characteristic of a market economy is self-interest motivates buyers.  

Further explanation

A Market economy is an economic system regulated by supply and demand, not the government. Most of the resources, equipment, buildings, goods, and services in a market economy own by individual and private business. Most economic decisions are made by buyers and sellers, not the government.

Characteristics of market economy are:  

1. Private ownership: Most of the resources, goods, and services are owned by individual or private sectors.  
2. Freedom of choice and free enterprise: Entrepreneurs have the freedom to get and use their resources. Consumers are free to buy goods and services to fill their need.  
3. The motive of self-interest: Entrepreneurs try to get the highest profits for their businesses. On the other hand, consumers try to get the greatest benefits from their budgets.
4. Competition: competition ensures greater quality and lower prices for consumers .
5. A system of markets and prices  

Another type of economic system is a market economy, traditional economy, and a mixed economic system. Nowadays, many command economies began adding aspects of the market economy, we call it a mixed economic system.

Learn more

The goal of the command economy brainly.com/question/1362251

Characteristic of a command economy brainly.com/question/2065265

The function of the economic system brainly.com/question/12060180

Keywords: command economy, central government, characteristic of a command economy, economic system

Answer:

here correct option is A. $7,000

Explanation:

given data

Stripling earned  = $700,000

collected cash = $710,000

company wrote off = $8,000

revenue = 1 %

to find out

net realizable value of receivable

solution

we will find here amount of uncollectible  expense that are for year 2

amount of uncollectible  expense = Sales revenue for year 2 × revenue %

put here value we wet

amount of uncollectible  expense = $700,000 × 1 %

amount of uncollectible  expense = $700,000 × 0.01

amount of uncollectible  expense = $7,000

so here correct option is A. $7,000