Which of the following describes a command economy?O A. Individuals own businesses, and they compete with one another
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.
Answers
The following describes a command economy: The government owns and runs all the businesses. Thus option (D) is correct.
What is a command economy?
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.
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What is social control?
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Answer:
-Being in a crowded area with other people not 6 feet apart.
-Being exposed to others not wearing a face mask.
-Touching commonly used surfaces.
Explanation:
All of those examples above violate the CDC guidelines
Answers
Answer:
Restatement of the Law Second, Contracts.
Explanation:
Restatement of the law second, contract is basically just a reminder about the general principles to the contract common law that that is aimed for lawyers and judges.
Since the principles act as a main foundation that regulate how these legal officials should behave, Restatement of the Law Second Contracts is already given to the law students ever since their early years in university and most of the time will be cited on every legal treaties.
Final answer:
The Restatement of the Law, Contracts, is a comprehensive guide collated by the American Law Institute that organizes the principles of common law contracts. It includes written and enacted laws but also includes references to situations where unwritten common-law is applied. This document undergoes revisions and is routinely updated based on reinterpretations and changing legal necessities.
Explanation:
The American Law Institute, composed of legal scholars, arranged the principles of the common law of contracts into a compilation called the Restatement of the Law, Contracts. This comprehensive synthesis effectively serves as a guide for the legal industry, encompassing written and enacted laws by legislature. However, it also takes into account scenarios where unwritten common-law is still applied.
In a common law legal system like that of the US and those derived from British rule, this compilation holds significance as it also captures the nuances of changes in statutes. It covers instances in which the common law is coded into the new rule, modified, or totally discarded based on the specific context of the legislation.
Contrary to the misconception that the restatement is a single book or document, it is comprehensive and gets updated based on regular reinterpretations and legal necessities that arise due to international conventions, new trends in moral or immoral conduct, or practical stipulations such as laws on communications, transportation or commerce.
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market-driven
overhead
fixed
variable
Answers
The correct answer for the question that is being presented above is this one: "variable." Costs that fluctuate based on production levels achieved are called variable costs. A variable cost refers to the corporate expense that varies with the output of the production.
Answers
The total revenue generated by the company is $300.
Further Explanation:
Total Sales is the value of the goods to be sold in a particular period by the company. It represents the total sales value.
Total Cost includes all the expenses incurred in manufacturing a good. It includes direct and indirect costs. Direct cost is those costs which directly related to the manufacturing of the goods. For example, direct labor and direct raw material cost. Indirect cost is those cost which is not direct to the cost of produced goods. It can be apportioned according to the quantity of the product. For example, electricity used in manufacturing goods, rent paid all these costs are related to the indirect cost. The total cost can get by multiplying the per-unit cost with the units sold.
Total Revenue can be computed by the difference between the total sales and total cost. It means the profit generated by the business after deducting all the costs.
Thus the company generated $300 revenue after selling 10 skateboards.
Learn more:
1. Learn more about the cost
2. Learn more about the profit
3. Learn more about the sale
Answer details:
Grade: Middle School
Subject: Economics
Chapter: Cost and Revenue
Keywords: total sales, total revenue, direct cost, indirect cost, per unit cost, profit generated, represents total sales value, labor cost, product cost, total cost.
Answer:
Total revenue after selling 10 skateboards is $300
Explanation:
Given data:
cost of expenses
$3 for wheel and mount
$1 for board
1$ for paints
$10 for labors
Therefore total expenses on each item= 3 +1+1+ 10 =$15
Total expenses for 10 skateboard = 15×10 = 150
Selling price for each skateboards = 45$
Total income = 45×10 = $450
Total revenue = 450 - 150 = $ 300
Answers
Answer:
The only people who can introduce a bill in Congress are the members of the house of Representatives.
Explanation:
The members of the house of Representatives are allowed to introduce the bills at any time, but the House must be in session. There are two kinds of bills: private bills and public bills. When they are being introduced to the House they must be established as private bills or public bills because a private bill only influences a person or any kind of organization, and a public bill concerns the general public.
When a bill is introduced to Congress the Member of this becomes the bill's sponsor. The Representatives usually sponsor some bills, because it would mean that those bills will be useful and important not only for the Representatives but also for their constituents.
Answers
It takes about four to five half-lives for the drug to reach a steady state if it is given at a regular interval.