Homework Answers
1. Capitalism
It is also known as free market system in which the supply and demand regulates the price of goods and labour. The business competition with minimal Government involvement, decides on the supply and demand.
2. States control all aspects of an economy.
All the aspects of the economy such as allocation of resources, means of production, distribution are planned and controlled by the Government.
3. Income tax
It is an example of progressive tax in United States, wherein there is no flat tax rates, instead there is taxes based on the income level.
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Which of the following economic systems depends on supply and demand to regulate the availability and...
Which of the following economic systems emerged naturally in the human society and also primarily as...
Which of the following economic systems emerged naturally in the human society and also primarily as a result of the industrial revolution? capitalism socialism communism feudalism
Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am...
Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am Updated March 10, 2020 at 3:47 pm Victor Menaldo (Links to an external site.) Special to The Times After a quick succession of once-promising Democratic candidates departed the race, we are down to a two-man race: Joe Biden, who vows to restore the pre-Trump, Obama era political, economic and social order, versus Bernie Sanders, who advocates revolution. The smart money is now with Biden....
Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am...
Dear Bernie Sanders: Sweden’s democratic socialism depends on robust capitalism March 10, 2020 at 11:02 am Updated March 10, 2020 at 3:47 pm Victor Menaldo (Links to an external site.) Special to The Times After a quick succession of once-promising Democratic candidates departed the race, we are down to a two-man race: Joe Biden, who vows to restore the pre-Trump, Obama era political, economic and social order, versus Bernie Sanders, who advocates revolution. The smart money is now with Biden....
Which of the following is a normative economic statement? O A. The federal government is considering...
Which of the following is a normative economic statement? O A. The federal government is considering raising the gasoline tax to promote the use of public transportation. O B. Rising global demand for diesel and heating oil has led to increases in the price of crude oil. O C. Fashion designers should be allowed to copyright designs to promote innovation. D. With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased Click to select your...
Need help answering these 5 questions by the information provided in the first picture. This activity...
Need help answering these 5 questions by the information
provided in the first picture.
This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russla, are applying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail on the basis of market demand....
Need help answering these 5 questions. The first picture is the story containing the information to...
Need help answering these 5 questions. The first picture is
the story containing the information to answer those 5
questions.
This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russia, are pplying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail...
You are on question 16 OT 16 Which of the following statements about quantitative easing describes...
You are on question 16 OT 16 Which of the following statements about quantitative easing describes it best? O Quantitative easing means encouraging government agencies to maintain income maintenance programs through improving credit conditions. O Quantitative easing means fostering private household consumption. Quantitative easing means encouraging private firms to increase capital expansion projects through improving credit conditions. Previous - Next Submit ECON 2105 Final...docx - Progress You are on question 10 of 16 An open market sale of US Treasury...
Please help me answer theses practice questions QUESTION 2 Which of the following can a country...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a....
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...
Which of the following is a normative economic statement? O A. The federal government is considering raising the gasoline tax to promote the use of public transportation. O B. Rising global demand for diesel and heating oil has led to increases in the price of crude oil. O C. Fashion designers should be allowed to copyright designs to promote innovation. D. With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased Click to select your...
Need help answering these 5 questions by the information
provided in the first picture.
This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russla, are applying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail on the basis of market demand....
Need help answering these 5 questions. The first picture is
the story containing the information to answer those 5
questions.
This activity is important because around the world many economies- including those of the United States, Canada, and Japan - are based on free enterprise, and many communist and socialist countries, such as China and Russia, are pplying more principles of free enterprise to their own economic systems. Free enterprise provides an opportunity for a business to succeed or fail...
You are on question 16 OT 16 Which of the following statements about quantitative easing describes it best? O Quantitative easing means encouraging government agencies to maintain income maintenance programs through improving credit conditions. O Quantitative easing means fostering private household consumption. Quantitative easing means encouraging private firms to increase capital expansion projects through improving credit conditions. Previous - Next Submit ECON 2105 Final...docx - Progress You are on question 10 of 16 An open market sale of US Treasury...
Please help me answer theses practice questions
QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...
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