Answer:
Depreciation is your answer
B) Traditional
C) Command
D) Mixed
E) Socialism
Answer:
A) Free-market
Explanation:
The free-market economic system primarily relies on prices for allocating resources and goods. In a free-market system, individuals and businesses are free to make their own economic decisions, and prices are determined by the interaction of supply and demand in the market. This price mechanism serves as a signal for resource allocation, as prices adjust according to the scarcity or abundance of resources and goods. As a result, resources are allocated based on consumer preferences and the willingness to pay, leading to a decentralized and efficient allocation of resources.
Free-market economic systems primarily rely on prices to allocate resources and goods, using the forces of supply and demand to signal and guide producers and consumers.
The economic system that primarily relies on prices for allocating resources and goods is the Free-market system. In this system, prices are determined by the forces of supply and demand, without any government intervention. These prices, in turn, guide producers to allocate resources efficiently, and they also signal consumers about the cost and value of goods and services. An example of a country that predominantly uses the free-market system is the United States, although it also includes certain mixed economy elements.
B.)People will want more political freedom.
C.)People will want to spend more for necessary items.
D.)People will want to move to rural areas.
Answer:
B
Explanation: I took this mastery test on Plato and Answer B was correct
Option (B) is correct. The people will want more political freedom when the government decides to give economic freedom.
Further Explanation:
Communist state:
The Communist country is a country where the administration is carried out by a single communist party, and the authoritative power lies in the hand of a single political party that takes the majority of the state-related decisions. The communism theory states that all the resources should be publically owned, and the government should make decisions in favor of the public. China and Cuba are examples of a communist state.
Justification for the correct and incorrect option:
A.
People will want to leave the country: This is an incorrect option because the government is providing aid to the people of the country. Therefore, they would stay in the country.
B.
People will want more political freedom: This is the correct option because the increase in financial freedom will motivate people to acquire more political freedom.
C.
People will want to spend more on necessary items: This is an incorrect option because the people will seek political freedom after receiving financial freedom.
D.
People will want to move to rural areas: This is an incorrect option because the people would stay in the city and have better opportunities in the country.
Thus, option (B) is correct. The people will want more political freedom when the government decides to give economic freedom.
Learn More:
1. Learn more about the business organization in the U.S.A.
2. Learn more about the demand curve
3. Learn more about the upper management
Answer Details:
Grade: Middle school
Chapter: Communism
Subject: Political Science
Keywords: communist, country, people, economic, freedom, attempt, improve, failing economy, outcome, government, worried, people, leave, country, want, political, freedom, spend, necessary, items, people will want, move, rural areas.
Answer: Harvey company will record the equipment at $14,700 is its books.
We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.
We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.
In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.
Explanation:
To calculate Suchta's gain percentage from selling her motorcycle, you can use the following formula:
Gain Percentage
=
Selling Price
−
Total Cost
Total Cost
×
100
Gain Percentage=
Total Cost
Selling Price−Total Cost
×100
Where:
Selling Price is the price at which she sold the motorcycle.
Total Cost is the sum of the purchase price and repair cost.
Let's plug in the values:
Selling Price = $10,505
Total Cost = $7,810 (purchase price) + $1,095 (repair cost) = $8,905
Now, calculate the gain percentage:
Gain Percentage
=
10
,
505
−
8
,
905
8
,
905
×
100
=
1
,
600
8
,
905
×
100
≈
17.98
%
Gain Percentage=
8,905
10,505−8,905
×100=
8,905
1,600
×100≈17.98%
Suchta's gain percentage from selling her motorcycle is approximately 17.98%.
Answer:
The answer is: B) lost ownership of the stock.
Explanation:
In the 1920s traders borrowed on margin to buy stocks. This means that they put a little amount of money to secure the buying of the stock and then borrowed the rest to complete the purchase. The problem with this was that if the price of the stock fell, the trader would lose all the money. On the other hand if the value rises, then the trader could make a lot of money. This was a very risky business practice.