In a free market, supply and demand determines?

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Answer 1

Answer: The cost of the items, as a lower supply would mean each of the items would have to cost more, and a higher demand would also increase the value of the items since more people want it, they can't supply everyone.

Related Questions

All of the following were unsuccessful attempts to stir the economy during the global depression of the 1920s and 1930s EXCEPT:a. raising taxes and establishing import quotas and bilateral trade pacts b. reducing government spending by eliminating public works programs and cutting government salaries c. reverting to a barter system until the Depression ended d. attempting to devalue currency by switching from the gold standard to the sterling silver standard
Movie theaters lowered prices during the Great Depression because movie stars helped people escape their worries. audiences had very little money to spend on movies. audiences were not interested in seeing movies. movies were competing with radio shows.
How does Fortas defend the majority decision that free speech in school is constitutionally protected?A. By saying that school disturbances due to freedom of expression are a big problem, but not in this case B. By arguing that First Amendment rights apply to both teachers and students C. By explaining that the rights of those in a school are determined by the state D. By arguing that while at school, teachers have more constitutional rights than students do
How did President Nixon's resignation affect the relationship between politicians and the media?It increased politicians' suspicions about liberal media bias.It made journalists more aggressive in their pursuit of political scandals.It pushed candidates to give a lot of interviews and hold numerous press conferences.It showed politicians the importance of favorable media reports for their election campaigns.
Why did the United States invade Iraq in 2003? (Select all that are true.) A. Intelligence reports concluded without doubt that Saddam Hussein had acquired weapons of mass destruction. B. The Bush administration believed that a democratic and stable Iraq was vital to American foreign policy interests. C. Iraq was known to be an ally and supporter of Osama bin Laden and al-Qaeda. D. Some U.S. officials believed that Saddam Hussein was seeking to make or acquire weapons of mass destruction.

Do we live in a one world society and why?

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well if you think about it no because if you read about the past there were many societies and still today their are many societies just look it up on openstudy if you do not believe me

Explain why the ottomans conquest of constantinople had huge symbolic importance

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Why was the conquest of Constantinople so important to the

Ottomans?
The capture of Constantinople by the Ottoman Turks in 1453 was significant for a number of reasons. First, the capture of the city made the Ottomans the most important power in southeastern Europe and the eastern Mediterranean and began a long period of expansion for the Empire. It also ended the Eastern Roman Empire.

Sorry that is all I know I don’t think what I just said it was the answer you’re looking for so I’m sorry if it was not but I hope I helped you little bit and good luck

Describe the Minoan civilization, how do archeologist know about the civilization

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Answer: The Minoan civilization was a Bronze Age Aegean civilization on the island of Crete and other Aegean Islands, flourishing from c. 3000 BC to c. ... It represents the first advanced civilization in Europe, leaving behind massive building complexes, tools, artwork, writing systems, and a massive network of trade.

With roots in Judeo-Christian principles, the Golden Rule states, “Do unto others as you would have them do unto you.”Which of these statements is most like the Golden Rule?

An eye for an eye, a tooth for a tooth.
Do not hurt others in ways you would find hurtful.
Do not make promises you cannot keep.
It is better to amass riches so you can then help people.

Answers

Answer:

The statement that is more similar to the golden rule is:

"Do not hut others in ways you would find hurtgul.

Explanation:

The reason behind the similarity is that the golden rule is sustained in only performing good actions to receive good actions.

An eye for an eye talks about providing the same treatment you receive, it is specially used to perform or fundament vengeance. Therefore is the opposite o the golden rule.

Do not make promises you cannot keep doesn't talk about executing only good actions. But about being responsible for your words.

Amass riches to help people is not also about only performing well. It talks about helping people which is not implied in the golden rule. Because the golden rule is not about helping but about performing only good actions.

Therefore, do not hurt others in ways you would find hurtful is the correct answer.

Since the golden rule is “Do unto others as you would have them do unto you.” the statement that is closest to this is Do not hurt others in ways you would find hurtful.

How might the history of korea have been different if united nations forces had not stepped into oppose the north korean invasion in 1950?

Answers

Then Korea had became into a communist country instead of North and South Korea today.

2.A government is laissez-faire when it A.fairly regulates workers. B.fairly regulates businesses. C.does not interfere with business affairs and does not regulate its actions. D.leaves workers alone and doesn’t regulate unions.

Answers

The correct option is (C). A government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.

Further Explanation:

Laissez-Faire:

The theory of Laissez-faire in the 18th century. It states that the government should not intervene in the business affairs of the country. All the business activities should be carried out independently to the government restrictions and involvement. Laissez-faire is a French word which means leave alone. Therefore, this theory supports the idea of free-flow of business activities in the economy.

This theory states that the interaction of the government blocks the creativity of the business so, in Laissez-faire economy, the interference would be free to form an entity and take actions freely without the of the government.

Thus, a government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.

Justification for the correct and incorrect option:

Fairly regulates workers: This is an incorrect option.

In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the workers.

Fairly regulates businesses: This is an incorrect option.

In Laissez-faire, the government does not interfere in the actions of the business.

Does not interfere with business affairs and does not regulate its actions: This is the correct option. In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the actions of the business.

Leaves workers alone and doesn’t regulate unions: This is an incorrect option.

The government does not interfere in any activity of the business.

Learn more:

1. Learn more about the command economy

brainly.com/question/10941789

2. Learn more about the lawmaking process

brainly.com/question/9910476

3. Learn more about the social reforms

brainly.com/question/3657355

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Types of Economics

Keywords: Government, laissez-faire, fairly, regulates, workers, businesses, .does not interfere, with business affairs, regulate actions, leaves, workers, alone, doesn’t, regulate, union.

A government is laissez-faire when it does not interfere with business affairs and does not regulate its actions

Further Explanation

Laissez-faire is an economic theory that resists any form of government interference in business affairs. It uses the principle that the less involvement of the government in the economy the more successful it can become, leading to the success of society as a whole. Free market capitalism is based on this Laissez-faire philosophy.

The following are the common types of legislation Laissez-faire economists oppose:

• minimum wages

• duties

• trade restrictions

• corporate taxes

Effects of Laissez-faire in the society

While Laissez-faire was implemented in the late 18th and early 19th century it was also noticed that it resulted in large gaps between the wealthy and the poor, unsafe working conditions for the workers and starvation.

Government Intervention

In the beginning of the 20th century significant government controls and regulations were implemented with the goal of protecting workers from unsafe working conditions and to protect consumers from unfair trading practices.

Criticism of Laissez-Faire

Critics of Laissez-faire targeted the moral ambiguities that is attached to capitalism as a system, to which, it does not inherently protect the lowest in the society. As an argument, advocates believe that when individuals pursue their interest first, the benefits will follow. However, for the detractors, Laissez-fair only leads to economic imbalances and poverty.

Learn more

Economic system brainly.com/question/8848735
Capitalism brainly.com/question/974812

Keywords: laissez-faire, economics, government

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