+1-415-670-9189
info@expertsmind.com
How do the decisions differ between capitalist and socialist
Course:- Macroeconomics
Reference No.:- EM13204575




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Macroeconomics

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Macroeconomics) Materials
Suppose the demand for beer is characterized by the following elasticities: • Own price elasticity = -2.5 • Cross-price elasticity with soda = +3 • Income elasticity = +2 Base
Show a T-account for a bank when you make a deposit of $3000 into your checking account. Assume the reserve ratio is 15%. If the lending process continues as far as it can p
A country's gross domestic product (GDP) and how it is defined and calculated. How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the
Imagine that winemakers in the state of Washington petitioned the state government to tax wines imported from California. They argue that this tax would both raise tax revenue
What is the purpose of price controls? What are the consequences of price controls? Describe Tax incidence. Can government make buyers bear the entire burden of the sales tax?
Holding other factors constant, by how much will taxes have to be cut to bring the economy to equilibrium at potential GDP?Taxes will need to be cut by $__billion. (Enter yo
Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. What is the minimum price necessary for the firm to supply one thousa
Long Run Costs Suppose the firm has only three possible scales of production as shown below: a. Which scale of production is most efficient when Q =65 b. Which scale of produc