Market economy

Assignment Help Microeconomics
Reference no: EM13685085

Which of the following is true in a market economy?

1- The distribution of wealth is equal.

2- Resources are used efficiently.

3- Central planners decide answers to the basic economic questions.

4- Information for production and distribution decisions passes directly to buyers from the government.

Reference no: EM13685085

Questions Cloud

Explain why is this solution preferred to simply utilize : The blank solution utilized to calibrate the spectrophotometer is 10.0mL of 0.2 M Fe(NO3)3 diluted to 25.0mL with 0.1 M HNO3. Explain why is this solution preferred to simply utilize de-ionized water for the calibration
Compute how many milliliters of koh must be added to mobs : Compute how many milliliters of 0.626 M KOH must be added to 5.00 g of MOBS to give a pH of 7.40. Note that the pKa of MOBS is 7.48 as well as the Formula Mass is 223.29 g/mol.
Under adaptive expectations : Under adaptive expectations, the short-term effect of an unanticipated shift to a more expansionary macroeconomic policy will be a:
Supreme planning board that transmitted economic : In the former Soviet economy, the supreme planning board that transmitted economic decisions down to producing and consuming units was called the
Market economy : Which of the following is true in a market economy?
Unemployment rate does not fluctuate around : Do you believe that the unemployment rate does not fluctuate around a fixed natural rate? Or does it instead fluctuate around a moving target which can be influenced with policy actions of the fed?
Characteristic of capitalism : Which of the following is not a characteristic of capitalism?
Current productivity results for non-farming business sector : Decide the current productivity results for the non-farming business sector and the manufacturing sector. Discuss recent productivity and cost trends and make predictions for the future.
Explain solvents are combined in a separatory funnel : Which of the subsequent solvents would form the LOWER layer when the subsequent PAIRS of solvents are combined in a separatory funnel

Reviews

Write a Review

Microeconomics Questions & Answers

  Write the equation of the individual firms short-run supply

in a perfectly competitive industry every firm has identical cost structure. the short-run total cost curve of an

  How the supply and demand increases or decreases?

All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately. Huge new crude oil reserves are discovered in th..

  Find actual value of the irr on the incremental cost

You cat's summer kitty-cottage needs a new roof. You are considering the following two proposals and feel a 15-year analysis period is in line with your cat' remaining lives. (There is no salvage value for old roofs.)

  Ind the cournot solution by substituting equation

Starting with the reaction functions of duopolists A and B, find the Cournot solution by substituting equation (1) into equation (2) and solve for QB then QA.

  Natural monopoly owns all the natural resources

If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.

  How can the federal government fund the deficit

How can the Federal government fund the deficit?

  Find price per unit because of increased foreign competition

Assuming that all other factors remain unchanged, determine how a firm's breakeven point is affected by each of the following: A. The firm finds it necessary to reduce the price per unit because of increased foreign competition.

  Characteristics of perfectly competitive market

What are the characteristics of a Perfectly Competitive Market and what are the Characteristics of a Monopoly?

  With quantity (q) measured in oranges per day and price

With quantity (Q) measured in oranges per day and price

  Compute the hhi

Five Companies sell pez candy and differentiate in terms of customer service and flavors

  What is the level of production price and total profit per

Where Q is weekly production and P is price, measured in cents per unit. The firm"s cost function is given by C = 60Q + 25,000.Assume that the firm maximizes profits.

  Predict what would happen to the equilibrium price of

predict what would happen to the equilibrium price of marijuana if it were legalized. use demand amp supply analysis to

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