Sets production goals and makes rules for distribution

Assignment Help Business Economics
Reference no: EM131253370

An economy in which a central authority draws up a plan that establishes what will be produced, how, and when, sets production goals, and makes rules for distribution is A. a modern socialist economy. B. a laissez-faire economy. C. a command or traditional socialist economy. D. a capitalist economy

Reference no: EM131253370

Questions Cloud

Write a program in c++ which reads a string : The output should indicate the position where the first offending parenthesis is found if the string is not properly nested and balanced. Use a stack to track the left parenthesis.
Using the term demand correctly : A local farmer relates that he can sell 50 dozen ears of corn per day at his roadside stand. "But if I raise my price," he claims, "the demand will fall." The farmer is using the term "demand" correctly, and is right in his conclusion.
Identify relevant management issue : Management in Today's World - management principles are seen in every organizational system existing today. As such top managers are expected to demonstrate the following in their roles within the organization:
Germany devotes larger portion of its production to capital : Consider two countries, Germany and Sweden. Both countries are at full employment, and Germany devotes a larger portion of its production to capital. Germany is a poorer country than Sweden. Germany will move up on its production possibility curve (p..
Sets production goals and makes rules for distribution : An economy in which a central authority draws up a plan that establishes what will be produced, how, and when, sets production goals, and makes rules for distribution is A. a modern socialist economy. B. a laissez-faire economy. C. a command or tradi..
How do you persuade companies that this is worth investing : Erik Schatzker Well, and that brings us to the most important question from a business standpoint. How do you measure that value? How do you persuade companies that this is worth investing in?
Clarifying human resources issues : In major business operations, managers typically focus their attention on devising the best strategic and tactical plans. To succeed, they also must have an understanding of the human side of management, which incorporates the alignment of the com..
The owners senior vice president : You are the Owner's Senior Vice President. You have been asked to review and revise, where necessary, the attached EPC contract which has been prepared by a contractor.
Considers working at the mini golf course just as good : Jeff runs a mini golf course in Valdosta, Georgia USA. He rents the course and equipment and he himself is the only labor. His monthly earnings after rent is $800, and he considers working at the mini golf course just as good as his alternative of wo..

Reviews

Write a Review

Business Economics Questions & Answers

  High rates of unemployment and business bankruptcies

The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..

  Q1 explain how did mortgage-backed securities spread losses

q1. explain how did mortgage-backed securities spread losses during the mortgage default crisis?q2. transactions and

  Another ditch-digging firm that has seven backhoes

Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..

  What occurs when a new technology makes another one obsolete

Explain what occurs when a new technology makes another one obsolete in terms of economic profit.

  How economic conditions affect interest rates and bond yield

How economic conditions affect interest rates and bond yields? Over the past six months, U.S. interest rate have declined, and Canadian interest rate have increased, The U.S. economy has weakened over the past year , and the Canadian economy has impr..

  What is the actual lerner index

The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. Only producer of this product your production costs would be C(Q) = 40Q. What is the actual Lerner Index?

  One-country model in section suppose

Country described by the one-country model in section Suppose that the country temporarily raises its levels of γA. Draw graphs showing how the time paths

  About the profit maximizing quantity

Mr Jones run a motel in St Pete. The market is highly competitive since there are many motels in the area and average room rate per night is $35. There are 30 rooms in Mr Jones motel and each room can be rented out for 30 nights a month. Since Margin..

  Utility function for wealth

Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.

  What is crowding out and crowding in

What has caused most of the deficit pre-WWII? Since WWII? Since the 1980s? What is crowding out? Crowding in? Why do we have a twin deficits problem? How did the US run a budget surplus in the 1990s? What changed in the 2000s causing permanent defici..

  What total utility will you realize

You are choosing between two goods, X and Y, and your marginal utility from each is as shown below. If your income is $9.00 and the prices of X and Y are $2.00 and $1.00, respectively, what quantities of each will you purchase to maximize utility? Wh..

  Find the firms short run marginal cost-firm total fixed cost

The Short Run Total Cost of a firm is given by C= 190 + 53 Q. Find out the firm's total fixed cost. Find out the firm's total variable cost. Find out the firm's short run marginal cost.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd