Do you believe self-regulatory practices are sufficient without governmental regulation to protect consumers? If not, what type of protection and for whom do you believe it is necessary? Explain

Answers

Answer 1

Answer:

Self-regulatory practice is like serving Lion 50gms of meat after 10 days without any protection.It will go for a kill and Government intervention is highly required. Buying consumer goods,land and property, corporation and technology and locomotive.It is for working class, middle class , lower middle class.

Explanation:

Self-regulatory is related to one human mind taking decision.
In psychology it was always proven each human behavior.
Is to dominate the other human irrelevant of there kindness.
Business run by single owner mostly dont pay suppliers, employees well.
If government steps in policies could be balanced for all the people.
Government works on decision by multiple people.It does not...
Single mind taking a decision.Consumers are cheated most of the time.
Regulators body taking steps to curb the owners of business.
Example Ray kroc shuck hands with real owners of MC donalds that....
He would give royalty on a yearly basis but there was no paper work.
Of Government just a handshake they never got Royalty.

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which of the following helps economists judge the overall condition of a particular country's economy?
which of the following best explains why resources need to be allocated in the game of economics? A) natural resources are often found in places far from where they are used for production B) if sufficient resources are not set aside for future production, scarcity cannot be eliminated C) there are not enough resources to produce all of the good and services that everyone wants. D) there are always different production methods for the same goods and services
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Select the four activities that psychologists recommend to those who are struggling with retirement.joining clubs
watching your grandchildren
doing volunteer work
exercising regularly
reading books
taking classes
traveling to new places

Answers

I’m not too positive about these, but

Exercising regularly, reading books, traveling to new places.

Hopefully these help!

Answer:

Reading books, traveling to new places, exercising regularly, and watching your grandchildren.

Those should be your answers.

Explanation:

which of the following is one importany difference between a general partnership and a limited partnership?

Answers

Answer:

The difference is that in a general partnership every partner is fully responsible for the business's debts.

Explanation:

The business arrangement where at least two people are proprietor of a business is called general partnership.
Every partner has equal power in general partnership.
A limited partnership is different from a general partnership in that it requires a partnership agreement.
A limited partnership has the provision of limited and general partners
A limited partner does not have the power to operate the business.They are the investors.
The general partners have the jurisdiction to run the business.

Explain how cash inflow and outflow affects the components of your financial plan

Answers

The following are the ways in which cash inflow and outflow affect the components of a financial plan:

The inflow and outflow would reflect in the data related to tax (income tax, sales tax, etc.) in some or the other manner.
More the inflow and outflow more would be the entries in the balance sheet.
The inflow would dispense more possible opportunities for investment whereas the outflow would decrease them substantially.
The inflow and outflow of cash would both affect insurance planning with every single cash transaction.

Which most likely results from producers engaging in specialization?A. Producers reduce their costs.
B. Producers increase their market share.
C. Producers decrease the materials needed for production.
D. Producers always offer more competitive pricing.

Answers

Specialization is where an individual, firm or country is skilled at producing a product. Producers engaging in specialization would reduce their costs as they would find an easier, quicker and more efficient way to complete the production of the good in less time.

The answer is A. Producers reduce their costs.

What are the three roles of money in an economy

Answers

The three functions/roles of money in an economy are:

1) Medium of Exchange: When money are used to intermediate exchange of goods and services.

2) Unit of Account: Standard numerical unit of measurement of market value goods, services, or other transaction. Money must be divisible into smaller units without loss of value and a specific weight or size to be verifiably countable.

3) Store of Value: To act as a store value,money should be reliably saved, stored, and retrieved. It also must be predictably usable as a medium of exchange when it is retrieved.

What elements of socialism does the U.S. economy include?