What is one benefit of a centrally planned economy?a. it allows entreprenuers to function freely
b. it produces more food
c. it offers lots of incentives for workers
d. it provides a jumpstart to some industries

Answers

Answer 1
Answer:

Answer:

d. it provides a jumpstart to some industries

Explanation:

A planned economy occurs when the state is the owner of the means of production, so it is up to the government to decide the quantity of production and the price. In this model, there are no private companies or competition.This type of economy is more common in communist countries such as North Korea. Because it is the state that decides what to produce, this economy tends to direct production to some specific industry. In the case of North Korea, the specialization was the war industry.

Answer 2
Answer:

Final answer:

A centrally planned economy, where the government controls all aspects of production, provides a jumpstart to some industries by focusing resources, especially useful in developing countries.

Explanation:

The subject at hand is the benefits of a centrally planned economy. A centrally planned economy or a command economy is one in which the government or a central authority makes all decisions about what to produce, how to produce, and for whom to produce. In this system, the market forces of supply and demand do not determine the allocation of resources. Instead, the government plans everything. The benefit of a centrally planned economy is that it provides a jumpstart to some industries. This is because in such economies, the government can focus resources on certain industries, thereby providing them with a boost. This can be especially beneficial in developing countries where certain sectors might need a significant push to catch up with other parts of the world.

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Give an outline of the differentiating characteristics of a monopolistic competition and an oligopoly market structure.

Answers

Both Monopoly and Oligopoly have large market shares. Unlike monopoly where only one business holds 100% of the market, oligopoly is composed of a few businesses that have market shares. Each movement or decision made by any companies in an oligopoly will greatly affect the market.

Monopoly = 100% market share, has a say on supply and price of goods or services offered.

Oligopoly = 2 or 3 companies share the market. Each have at least 33% of the market. Any change made by one business will affect the other remaining businesses.
In an oligopoly, few companies produce the same product and in a monopolistic competition some companies produce similar products, but each one of them produces a slightly different product.

Let's imagine a market in which there are only 2 producers of chocolate- that is an oligopoly (it would not be one if there were 30) .

Now, let's imagine that one of them only produces dark chocolate, and the other only milk chocolate - now, that's a monopolistic competition!

Which one of the following items should be included in a personal contract a. A sample contract from another person b. The stage of change when you finish c. The time of day you begin your plan d. The opinion of related specialists and experts

Answers

Option D regarding the opinion of third parties would not form part of an initial contract. There is no need for outside opinions on a personal contract, as by very definition a personal contract is something that you fill out independently.

Which of the following is an example of a fixed variable cost?utility bill

rent

car payment

gym membership dues

Answers

utility bill, due to its fluctuation.

Which of the following statements is not true of cash advances? a.
Credit card companies offer easy access to cash through ATM’s or checks that can be written to yourself and cashed.

b.
Credit card companies apply payments to cash advance balances first because the interest is higher.

c.
The APR of a cash advance is higher than that of regular credit card purchases.

d.
Credit card companies place limits on the amount of cash you can receive through a cash advance.

Answers

The false statement about credit card advances is that: The APR of a cash advance is higher than that of regular credit card purchases.

What is a credit card advance?

This is a term that is used to describe the withdrawal of money from your own credit card.

A person would do it as a way of borrowing money against their credit card so that they would have money at hand.

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Answer: C

Explanation:

I said so

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Answers

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Why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the United States

Answers

One of the most probable reason is because compared to tomatoes, gasoline more of a kind of product that traded within international borders from US' perspectives. This kind of products will be exposed to more factors that could influence the annual inflation rate.

hope this helps

Just took the test it is

D). Americans spend more money on gasoline than tomatoes, on average.

Hope that helps any one else!!!!