Answer: Option D -- Doubles
Explanation:
In a situation where V doubles, based on quantity equation, the price level also doubles, provided Y and M are constant.
In the quantity equation in economics, assuming output and money supply stay constant, when the velocity of money (V) doubles, the price level (P) should also double in order to maintain the balance in the equation.
In the quantity equation, which is an identity used in economics to represent the relationship between money, velocity, price levels, and output (M x V = P x Y), if Y and M are constant and V (velocity of money) doubles, then according to the equation, P (the price level) must also double to keep the equation in balance.
This implies that the correct answer to your question is d. doubles.
Assuming no changes are happening to Y (output) or M (money supply), if V doubles, P has to do the same. This means that every dollar is flying around the economy twice as fast, hence, the prices have to adjust upwards to absorb this extra flow of money.
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for profits.
B. The government and the people own everything together.
C. Individuals own some businesses, and the government also owns
some businesses.
D. The government owns and runs all the businesses.
The following describes a command economy: The government owns and runs all the businesses. Thus option (D) is correct.
A command economy is known as centralized economy, in which the government controls the means of production and prices of the commodities in an economy. A command economy is an alternative to the decentralized or the free economy in capitalist markets.
A command economy, also known as a planned economy, in which the central government takes major economic decisions like how and for whom the production and distribution of goods will take place. In a command economy, all of the major industries are publicly owned.
The following describes a command economy: The government owns and runs all the businesses. Therefore, option (D) is correct.
Learn more about command economy here:
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(pls add at least 2 - 3 sentences)
Answer:
Some people like to stand up in the morning and pledge. Some people think it's a joke and do not take it seriously. But you really know it means nothing to someone when they put their hand on the wrong side of their chest and start laughing, thinking that that mistake must've been funny or something.
Explanation:
b. produces more consumer goods than capital goods.
c. gives the government the right to tax individuals and corporations.
d. private individuals and corporations the right to own productive resources.
B. Boston Tea Party
C. Boston Massacre
D. Townshend's financial mismanagement
Answer:
E. facilitating transmission of Buddhism.
Explanation:
The transmission of Buddhism in China occurred through Silk road, not the Grand Canal.
In the past, many Chinese Traders and politician use the road to travels to northern part of India (India was the country where Buddhism was originated)..
In that country, the politicians and traders interacted with local people and exchanges in knowledge and culture occurred among them, including Buddhism. When the politician and traders came back to china, they spread Buddhism to Chinese locals and facilitate the transmission of Buddhism.