BUSINESS HIGH SCHOOL

Explain how the basic economic problems are solved under capitalism?​

Answers

Answer 1
Answer:

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce

I hope tis helped you <3 also can u mark me as the brainliest it will help me level up

Answer 2
Answer: Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.

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In contrast to a capitalist society, how does a persons income function in a socialist society?

Answers

A persons income functions similarly in both capitalists and socialist societies today. "Socialism" as an idea or theoretical economic model has not been fully implemented in most societies that use some socialist concepts. In European countries like France, Sweden, or Denmark they use both principles of capitalism and socialism. In that they are integrated into the global economy and take part in trade and also regular business they are capitalists, however, they have large social protections in the form of government services etc. which are paid for with high taxes. The major difference in incomes in these two systems are that in capitalist societies tend to have lower taxes than socialist societies, but give less state services or welfare than socialist societies. 

One responsibility of the Center for Drug Evaluation and Research is to work with product marketers.a. True
b. False

Answers

Probably False. They are a center that does research on Drugs and motoring their use. They may buy something to see and test, yet what would they need to be making buying and selling transactions for when researching drugs. 

I could be wrong, but see. Hope your grade will be fine. 

Which of the following best describes health insurance?A. insurance underwritten for a group as a whole rather than each individual in it

B. insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property

C. coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease

D. insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease

Answers

Option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.

Further Explanation:

Health insurance:

Health insurance refers to the insurance coverage which pays for the medical and surgical expenses of the insured person. The health insurance covers the risk of medical expenses of the insured person and other covered individuals. It provides coverage for the payment of the expenses incurred due to sickness or injury. The insured person pays the periodic premium and receives the coverage at the time of the contingency.

Justification for the correct and incorrect option:

A.

Insurance underwritten for a group as a whole rather than each individual in it: This is an incorrect option. The health insurance is not underwritten for the life of the individual or group.

B.

Insurance covering losses resulting from physical damage to or loss of the insured's real estate or personal property: This is an incorrect option. The insurance that covers the physical damage of the property comes under property insurance.

C.

Coverage provided by a firm to employees for medical expenses, loss of wages, and rehabilitation costs resulting from job-related injuries or disease: This is an incorrect option because it is not mandatory that the medical insurance is provided by the employer.

D.

Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease: This is the correct option because the medical insurance covers the losses from the injury and diseases.

Thus, option (D) is correct. Insurance covering losses resulting from medical and hospital expenses as well as income lost from injury or disease is considered as health insurance.

Learn More:

  1. Learn more about health care insurance brainly.com/question/7325538
  2. Learn more about the insurance rules brainly.com/question/6075135
  3. Learn more about the insurance cover brainly.com/question/1362335

Answer Details:

Grade: Senior School

Chapter: Insurance

Subject: Business Studies

Keywords: best, health, insurance, insurance, underwritten, group, whole, rather, than, each, individual, coverage, employees, medical, expenses, loss of wages, rehabilitation, costs, resulting, job-related, injuries, disease, insurance, covering, losses, resulting, medical, hospital, expenses, income, loss, injury, disease.

Well, insurance does not really cover something if you lose it, so A and B are out of the question. And depending if you were using a work beneficiary, like health insurance, it would be C, but for this one I would consider the answer as being D. Simple because, if you get hurt, they will cover it (if you have insurance.) (sometimes)

Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How much was she paid?

Answers

To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
= 224.6

Add the salary and the commission,
425.00 + 224.6
= 649.60

Therefore Jill was paid $649.60 last week

Jill was paid $649.60 last week

answer.$649.60

How would you respond to questions in a non aggressive and professional manner

Answers

In order to respond properly to questions in a non-aggressive and professional manner, you should first listen to the question and clarify the question. Make sure that you understand the question before answering. You communicate your answer and ask follow up questions to ensure you have been understood. In case of doubt, ask for more time to study about the matter and get the answer back to the person later.

Which phrase defines a demand schedule?A.)a chart showing the impact of demographic changes on demand
B.)a table showing the quantity demanded for a good at different prices
C.)a graph tracking the increase in demand at decreasing prices
D.)a report analyzing factors causing a change in demand for goods

Answers

The correct answer is B, a table showing the quantity demanded for a good at different prices. The demand schedule shows how many people want a specific product depending on its price. For example, if a price decreases, the demand schedule will likely show an increase in quantity demanded, because more people will want something that's cheaper. It doesn't concern demographic changes on demand (which has more to do with the population than the individual), it's not a graph (but instead a table), and it's not an analytical report that shows why a change in goods is happening (instead it just shows the change itself).
The question says, which phrase defines a demand schedule. The correct option is B. A demand schedule is a table which show the quantity of goods demanded by consumers at different price level. The quantity that will be demanded can be calculated using this table if the price level is given. The demand curve is usually drawn from the demand schedule.
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