Homework Answers
The correct answer is b) All of the above
Explanation - In command system, all the power pertaining to production, distribution and resource allocation rests in the hands of the government. Only the government reserves the right to own business firms to produced the desired economic output. Such a system discourages risk and innovation in the private sector as no individual will attempt to disrupt the market in an environment where competition lacks, and attempts to uplift economic value creation do not bear returns.
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In command system, government owns Select one: O a. Business Firms O b. All of the...
A basic difference between a mixed economy and a command economy is that: (a) government owns...
A basic difference between a mixed economy and a command economy is that: (a) government owns all economic resources (b) wages paid to labor are higher in a command economy (c) free markets are never permitted in a command e (d) government planners play a much larger role in deciding what in a command economy goods will be produced in a command economy
In the circular flow model of the market system, business firms' major role is to :Select...
In the circular flow model of the market system, business firms' major role is to :Select one .a. buy products and sell resources .b. sell products and resources o .c. buy products and resources .d. sell products and buy resources We were unable to transcribe this image
In the long run: O A. firms are able to alter some, but not all, of their resources O B. firms are unable to adjust the...
In the long run: O A. firms are able to alter some, but not all, of their resources O B. firms are unable to adjust their output choices. O C. firms have the ability to enter or exit the industry O D. None of the above are correct.
Short-term bank loans to business firms are generally. Select one: O a. Quicker and cheaper than...
Short-term bank loans to business firms are generally. Select one: O a. Quicker and cheaper than other sources of debt O b. Available in lower dollar volumes than other sources of debt O c. Offer greater flexibility of terms and conditions than other sources of debt O d. May require compensating balances O e. All of the above
Gross public debt is O A. all federal government debt irrespective of who owns it. O...
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
Collaboration includes... Select one: O a. Sharing of information. O b. Sharing of resources. O c....
Collaboration includes... Select one: O a. Sharing of information. O b. Sharing of resources. O c. Working together to accomplish the same goal. o d. All of the above O e. None of the above Complicated PowerPoint slides are ineffective in the classroom Select one True False
please answer all The components of GDP are: Select one: O a. Consumption, government spending, net...
please answer all
The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
1.) One way to characterize the nature of a government is by its __________________. Select one:...
1.) One way to characterize the nature of a government is by its __________________. Select one: a. business ideology b. social ideology c. ethnic ideology d. regional ideology e. political ideology 2.) The ultimate government involvement in trade is when the government Select one: a. itself is the customer b. gives tax breaks to businesses c. prevents competition d. controls the foreign competition with tariffs e. allows domestic businesses to bribe in foreign countries so they can remain competitive 3.)...
two price-taking firms compete by setting quantities of output, then Select one: O a marginal revenue...
two price-taking firms compete by setting quantities of output, then Select one: O a marginal revenue is the same as the market price. b. social surplus will be maximized. O c. the market price will be climater than marginal cost. Od they will produce the same amount of output as in perfect competition. If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, and unlimited long run resource mobility, then...
Which of the following is not a flow variable? Select one: O a. investment O b....
Which of the following is not a flow variable? Select one: O a. investment O b. output O c. all of the above O d. saving O e. the money supply
A basic difference between a mixed economy and a command economy is that: (a) government owns all economic resources (b) wages paid to labor are higher in a command economy (c) free markets are never permitted in a command e (d) government planners play a much larger role in deciding what in a command economy goods will be produced in a command economy
In the circular flow model of the market system, business firms' major role is to :Select one .a. buy products and sell resources .b. sell products and resources o .c. buy products and resources .d. sell products and buy resources We were unable to transcribe this image
In the long run: O A. firms are able to alter some, but not all, of their resources O B. firms are unable to adjust their output choices. O C. firms have the ability to enter or exit the industry O D. None of the above are correct.
Short-term bank loans to business firms are generally. Select one: O a. Quicker and cheaper than other sources of debt O b. Available in lower dollar volumes than other sources of debt O c. Offer greater flexibility of terms and conditions than other sources of debt O d. May require compensating balances O e. All of the above
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
Collaboration includes... Select one: O a. Sharing of information. O b. Sharing of resources. O c. Working together to accomplish the same goal. o d. All of the above O e. None of the above Complicated PowerPoint slides are ineffective in the classroom Select one True False
please answer all
The components of GDP are: Select one: O a. Consumption, government spending, net exports, and investment. O b. Exports, imports, investment, and disposable income. O c. Consumption, exports, imports, and disposable income. O d. Consumption, inventory, government spending, and disposable income. Question 19 Not yet answered Points out of 1.00 P Flag question The crowding out effect refers to a decrease in: Select one: O a. Consumption or investment as a result of an increase in government...
two price-taking firms compete by setting quantities of output, then Select one: O a marginal revenue is the same as the market price. b. social surplus will be maximized. O c. the market price will be climater than marginal cost. Od they will produce the same amount of output as in perfect competition. If a firm sells its output on a market that is characterized by many sellers and buyers, a differentiated product, and unlimited long run resource mobility, then...
Which of the following is not a flow variable? Select one: O a. investment O b. output O c. all of the above O d. saving O e. the money supply
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