BUSINESS HIGH SCHOOL

In a command economy, which group is most responsible for producing thegoods people in society need?
A. Family members
B. Government agencies
C. Private businesses
D. International corporations

Answers

Answer 1

Answer:

(B) Government agencies.

Command economy (Planned economy):

In a planned economy, production, allocation of capital goods, and investment all occur in accordance with broad-scale production and economic plans.
Centralized, decentralized, participative, or Soviet-style economic planning are all possible in a planned economy.
Depending on the precise kind of planning mechanism used, the degree of centralization or decentralization in decision-making and involvement will vary.
Central planning has been utilized in socialist regimes built on the Soviet model, however, some, like the former Socialist Federal Republic of Yugoslavia, have embraced some kind of market socialism.
The direct calculation is substituted for factor markets in market abolitionist socialism as a means of coordinating the operations of the multiple socially owned economic firms that comprise the economy.

Therefore, the correct answer is (B) Government agencies.

Know more about the planned economy here:

brainly.com/question/3386698

#SPJ2

Answer 2

Answer:

Answer:

Government agencies

Explanation:

In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people.

Related Questions

Which of the following explains why a recipe is considered an algorithm?A recipe gives different steps each time it is executed.The person who uses the recipe will have less time to do other activities.The dish created by a recipe is the same each time it is followed properly.A recipe gives more complex tasks in each step.
When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n) __________.
_________ involves system developers writing a business case to justify funding one or more specific applications or projects._________ involves system developers writing a business case to justify funding one or more specific applications or projects.
The best way to avoid cash flow problems is A. borrowing less. B. downsizing. C. constant marketing. D. regular saving.
Theoretically, what would happen if a nation had an unlimited supply of a certain resource? Why

Which of the following loans will typically offer the lowest interest rate

Answers

The option (c) is correct.

Mortgage loan offers the lowest interest rate.

Further explanation:

Mortgage loan:

Mortgage loan is a type of loan where the asset is used as a collateraland then the loan is disbursed. Mortgage payment remains constant. The issuer of the loan specifies the amount of the mortgage payment and the time interval of the payment. So the amount of mortgage payment remains same for all the installments. The loan is secured by the asset therefore, there is very low risk as the asset can be used in case of default. The low risk nature of the mortgage loan results in the low-interest rate.

Therefore, mortgage loans have a low rate of interest.

Justification for the correct and incorrect options:

Payday loan: This is an incorrect option.

Payday loan has the highest rate of interest.

Car loan: This is an incorrect option.

Car loan has the higher interest rate than mortgage loan,

Mortgage loan: This is the correct option.

Mortgage loans are guaranteed by assets therefore, has the lowest rate of interest.

Credit card: This is an incorrect option.

Credit card charges a high rate of interest on the amount borrowed.

Learn more:

1. Learn more about the collateral loans

brainly.com/question/9913858

2. Learn more about loaning the money

brainly.com/question/1373941

3. Learn more about the mortgage payment

brainly.com/question/3073010

Answer details

Grade: Senior School

Subject: Business Studies

Chapter: Bonds & Debentures

Keywords: loans, typically, offer, lowest, interest rate, payday loan, car, loan, mortgage, credit card.

Student loans, which are given to those in college by the federal government, are most commonly known as the loans with the small interest rates. These loans are fixed rates and will not increase overtime, they just accumulate monthly untilt he loans are paid off.

A pension plan helps pay for ______.a. Health benefits
b. Convenience Benefits
c. Retirement Benefits
d. Charity Benefits

Answers

Answer: Retirement Benefits.

Explanation: Retirement is an act of withdrawing from one's occupation or post. Mostly when a person retires from a government job or highly valued private posts at a particular age, they are granted with a reasonable amount of money called Pension which covers the overall expenses of retired person and is regarded as a money for retirement benefits.

C retirement benefits. This is why retirees are sometimes called "pensioners"

Provide evaluation of one appropriate analysis tool and onemethod thet might be applied by organisations to recognise and
diagnose current and future issues, challenges and
opportunities. (AC 1.2) Evaluate a range of analysis tools and methods including how they can be applied to diagnose organisational issues, challenges and opportunities. (AC1.2) Short references should be added into your narrative below. Please remember to only list your long references in the reference box provided at the end of this section. Wordcount: Approximately 400 words. Type here...

Answers

One appropriate analysis tool that organisations can use to recognise and diagnose current and future issues, challenges, and opportunities is SWOT analysis.

What is SWOT analysis?

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis can help organisations to identify their internal strengths and weaknesses and external opportunities and threats, which can guide them in making informed decisions about strategy, resource allocation, and risk management [1].

Another method that organizations can use to diagnose issues, challenges, and opportunities is environmental scanning. Environmental scanning involves monitoring and analysing the internal and external environments of an organisation to identify emerging trends, opportunities, and threats [2].

Environmental scanning can help organisations to stay informed about changes in their industry, technology, legal, political, economic, and social environments, which can affect their performance and competitiveness.

References:

Kotler, P., & Armstrong, G. (2018). Principles of marketing. Pearson.

Aguilar, F. J. (1967). Scanning the business environment. Macmillan.

Read more about analysis tools here:

brainly.com/question/27569172

#SPJ1

The money and merchandise you owe to creditors are your ________.

Answers

The answer is...
Liabilities

Suppose that an initial $10 billion increase in investment spending expands GDP by $10 billion in the first round of the multiplier process. Also assume that GDP and consumption both rise by $8 billion in the second round of the process.A) What is the MPC in this economy? B) What is the size of the multiplier?

Answers

Answer: A. MPC = 0.8

B. Multiplier = 5

Explanation:

Given in the question above, we have:

Change in consumption = $8 billion

Change in income = $10 billion

(We know, GDP = C + I + G + (X-M)

Where;

C= consumption

I= investment

G= government expenditure

X-M= net exports

Therefore, change in Investment by $10B means GDP automatically increases by $10B. Similarly, change in Consumption by $8B means GDP automatically increases by $8B.

a) The formula used to find MPC:

MPC = Change in consumption / Change in income

MPC = 8/10 = 0.8

Therefore MPC = 0.8

b) Formula to find multiplier:

k = 1/(1-MPC)

k= 1/1-0.8

k= 1/0.2

k= 5.

Cold, flu, and AIDS are all diseases caused by which of the following? Select one of the options below as your answer:a. fungi
b. viruses
c. protists
d. bacteria