Homework Answers
A command economy is a system where the government, rather than the free market, determines what goods should be produced. So in manitoba the govt funding is being cut so this is the result of this command economy dimension.
option B. command is correct here.
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3) Which of the following dimensions of economics do you think are reflected in the production...
Do you think racism is predictable? Explain your answer. Which factor mentioned do you think plays...
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The correct answer is D, but I think is B In the language of economics, which...
The correct answer is D, but I think is B
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1. What do you think best describes each of the following markets: perfect competition, monopoly, oligopoly...
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What are three (3) economic concepts that you think you will remember from this "Micro Economics"...
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MBA 603- Managerial Economics Chapter 1 Introduction Multiple-Choice Questions ) Which of the following is an...
MBA 603- Managerial Economics Chapter 1 Introduction Multiple-Choice Questions ) Which of the following is an example of how the question of"what goods and services to produce?" is answered by the command process? A) government subsidies for affordable housing B) laws regarding equal opportunity in employment C) government allowance for the deduction of interest payments on private mortgages D) government regulations concerning the dumping of industrial waste 2) Opportunity cost is best defined as A) the amount given up when...
The correct answer is D, but I think is B
In the language of economics, which of the following would be defined as investment? A The purchase of a U.S. savings bond B The purchase of 100 shares of Ford Motor Company stock C The deposit of $1,000 into a savings account D The accumulation of inventories by a firm
1. What do you think best describes each of the following markets: perfect competition, monopoly, oligopoly or monopolistic competition? Explain. a. The market for cars. b. The market for soy beans. c. The market for cellphones. d. The market for dining out in a large city. 2. Why is price equal to marginal revenue for a perfectly competitive firm but not for a monopolist?
In economics, a cost which must be paid regardless of the level of output production is called Select one: a zero marginal cost b. elastic overhead c. a fixed cost d diminishing returns When a technology improvement increases the output per employee, then the cost per unit of output will Select one: a decrease b. increase c. not change d become negative c
MBA 603- Managerial Economics Chapter 1 Introduction Multiple-Choice Questions ) Which of the following is an example of how the question of"what goods and services to produce?" is answered by the command process? A) government subsidies for affordable housing B) laws regarding equal opportunity in employment C) government allowance for the deduction of interest payments on private mortgages D) government regulations concerning the dumping of industrial waste 2) Opportunity cost is best defined as A) the amount given up when...
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