Explain how a mixed economy is a mixture of command and pure market economy.

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Answer 1
A mixed economy can accurately describe virtually every economy in the world in 2017. A mixed economy is one in which there are elements of the economy controlled by market forces, and elements that the government plays a direct role in.

A pure market economy is one which the economy is run entirely by free market forces. The government has no role in regulation, subsidies, or any other action that would affect these forces. The success and failure of companies, the quantity of goods produced and the price of those goods, are 100% determined by the free market. 

A command economy, on the other hand, is one in which the government manages virtually every aspect of the economy, and the free market is not allowed to naturally determine quantity and prices of any product. The USSR attempted to administer a command economy in its earlier years, and realized how tremendously complex and difficult this task was.
 
A mixed economy, such as those in the United States or China, is a broad term to define an economy that exists between these two extremes, where both government involvement and free market forces play a role in the economy.


Related Questions

The settempvar action is in the ____ category of the action catalog.

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The answer in the space provided that may complete the sentence is the database objects as this is where the settempvar actions falls under in which this is considered to be a category of the action catalog that is one of the actions used to implement or start a data.

(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?

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First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory. There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1. Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.

"parents with children list a gps system (28%) and a dvd player (28%) as "must have" accessories for a road trip.12 suppose a sample of n 1000 parents are randomly selected and asked what devices they would like to have for a family road trip. let ˆp be the proportion of parents in the sample who choose either a gps system or a dvd player"

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If 28 percent of parents state GPS and another 28 percent of parents state DVD player as most important, that would mean 56 percent of parents deem one or the other as the most important piece of equipment for a roadtrip. 56 percent of 1000 equals 560 out of 1000 parents chose a GPS or DVD player.

A make-to-order operation would be primarily concerned with:

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I would say that such an operation would be primarily concerned with making things say clothes according to the wishes of the client and its success would depend on how closely the product matched the desires of the client and satisfied their needs.

PEMDAS

P- Parenthesis

E-Exponents

M-Multiply

D-Divide

A-Add

S-Subtracting

Hope it helped you.

-Charlie

With regard to cleaning house, which is an example of extrinsic motivation?

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A housekeeper being paid to clean a home is doing so out of extrinsic motivation. There is an external motivation to perform the task well, in order to gain money. Another example would be cleaning your home in preparation for a dinner party. You want your guests to like your home and tell you how nice it is, so you are motivated to clean it well to gain this praise from others.

The fiscal 2016 financial statements of nike inc. shows net operating profit margin (nopm) of 11.4%, net operating asset turnover (noat) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. what is the company's nonoperating return?
a. (13.6)%
b. 18.7%
c. (14.5)% d) 35.4% e) there is not enough information to calculate the ratio.

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E, there is not enough information without actually having the Return on Equity from which we can subtract the operating return. With only percentages, we cannot extract this answer.

_____ would not be included in a demographic segmentation of consumers.

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The category or factor that is not usually or likely to be included in demographic segmentation of consumers is the life style preferences as this does not correlate with the demographic segmentation and the consumers have their own thoughts in regards with this category or factor.

This is the third investigatory agency created, which fell under the department of treasury during its inception:

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This is the USS, which stands for the United States Secret Service. The secret service is the private bodyguard for the current president of the country- they are hired for his protection.They also protect the vice president, visiting foreign diplomats, and all living former presidents.

Every​ year, shutterstock hosts an annual hackathon in which employees are given the opportunity to​ imagine, design, and implement an idea they think can provide value to the​ company, and shutterstock awards prizes to the best ideas in different categories. this is an example of​ _______.

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The answer to this question is intrapreneuring
intrapreneuring refers to the action that represents entrepreneurial spirit when you're working in large organizations, including gathering ideas for the company. Shutterstock could utilize these ideas and transformed it into plans that could be implemented in order to expand the company.

If bill gates purchases stock in a foreign corporation then

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I looked it up and I say the answer is 3. The US Financial account would decrease. 

Hope I helped,
Ms.Weasley

Joe wants to buy a baseball bat for no more than $30; the sporting goods store in town sells bats for $50. what can we assume about joe's decision to buy a bat

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We can assume that Joe did not purchase the bat. Joe values the price of a bat at $30 even though the sporting goods store in town sells it for $50. Due to Joe having a perceived value of the bat set at $30, he will likely wait to purchase a bat until he finds a bat that is priced at the price he is willing to pay.

The correct assumption about Joe's decision to buy a bat is that he will either look for a different store with a lower price, wait for a sale at the current store, or decide not to purchase the bat at all if he cannot find one within his budget of $30.

Joe could explore the following alternative strategies:

1. Look for sales or discounts at the sporting goods store.

2. Check other nearby sporting goods stores for lower-priced bats.

3. Consider buying a used bat from online marketplaces or local classifieds.

4. Explore borrowing or trading with friends or family who may have spare bats.

5. Wait for seasonal promotions or clearance sales to purchase the desired bat at a reduced price.

6. Explore purchasing a basic bat without additional features or brand name, which may be cheaper.

7. Consider online retailers or auction sites where bats may be available at lower prices.

8. Explore community sports programs or leagues where bats may be provided or available for loan.

Full question

What alternative strategies might Joe consider to obtain a baseball bat within his budget of $30 given the higher price of $50 at the local sporting goods store?

Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:

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4000*.05=200  so 200 is ur interest       4000+200=$4200

Which of the following is NOT one of the responsibilities of the Federal Reserve?

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THE answer is b      ....

Maintaining a stable banking system is not one of the responsibilities of the Federal Reserve. The Federal Reserve controls the U.S. budget, starting with the U.S. Central Bank. They have three key entities: the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and Federal open market committee. The last, is they are incharge of maintaining 5 key functions within the Federal Reserve.

Grocery stores use scanners not only for faster check-out times, but as a tool to obtain merchandise sales data and create short-term forecasts. this system is known as _______________ production.

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The fact that Grocery stores use scanners as a tool to obtain merchandise sales data and create short-term forecasts mean that they use customer-driven system . In this type of system the customer needs and expectations are always considered.

Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. assume that the company wants to earn as much revenue as possible from this drug. if the elasticity of demand for your company's product at the current price is 1.4, what would you advise the company to do?

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Slowly raise the price of the product as to not let consumers know your doing it.

Select the best definition of labor productivity:

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Labor productivity is the ability to earn the highest amount of profit for a company for an employees time. Such as a chef, cooking 10 meals in an hour will bring in 100 dollars for those 10 meals and only gets paid 10 dollars. His labor productivity is earning the company 90 dollars for his time.

The amount of output and the amount of labor required to achieve that output are compared to determine labor productivity, which is a gauge of economic performance.

By dividing the total output produced during a certain time period by the total number of employees, one can measure labour productivity. Increases in worker productivity, which may be summed up as how efficiently we do tasks, are the source of long-term, sustained economic performance.  The amount of value an employee produces for every unit of their input is known as labor productivity.

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At what point does a firm maximize profit? the point at which marginal

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at the point which marginal utility is equal to price

A  firm maximizes profit at the point at which marginal cost equals marginal revenue.

What is the importance of profit maximization?

Profit maximization is a strategy that can promote effective and long-term business expansion. A company can weather an economic disaster and pay higher salaries and dividends to its stockholders when it has bigger earnings.

The additional money that results from raising the quantity is known as the marginal revenue. A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue.

When marginal cost and marginal revenue are equal, your company's output level is at its highest. At this point, efficiency is at its peak and profits are at their highest point.

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​zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink. when wyb is released in the market, we fresh cuts down the price on shire to match wyb's price. this scenario is an example of a(n) _____.

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The answer to this question is Response
Response is the action that taken by company after experiencing a certain stimulus from the situation in the market.
In this case, zecola response the action taken by its competitor in order to maintain it's positioning in the market

Keeping $20 in currency to be able to buy gasoline, money is performing which function? unit of account symbol of fiat medium of exchange barter mechanism store of value

Answers

Store of value

Store of value is a general term used to refer to that function of an asset that can be saved in the present time, and retrieved and exchanged in the future. Common examples of this include money, currency, precious metals or financial capital. The store of value function of money means that the present purchasing power of money can be retained into the future; thus, a person can decide to save money (such as keeping the $20 in the example) to be able to use it sometime in the future (to buy the gasoline later as in the example). 

From 2016 to 2017, accounts receivable increased from $4,000 to $4,800. the percent increase is:

Answers

Answer: The % increase is 20%.
The percent increase is calculated with this 2 steps:

1)Increase: new Number - original Number
          4800-4000= 800

2)% increase = Increase ÷ Original Number × 100
(800/4000) x 100= 20%




To solve for the accounts receivable increase take:

$4,800 - $4,000 = $800 then take the difference from the increase amount and the original amount and divide them from each other. $800/$4,000 = 0.20. To turn the decimal into a percentage multiplu 0.20 by 100 = 20% increase.

What process was used to make the shang dynasty ritual wine vessel (3.3?

Answers

The Shang Dynasty wine Vessel's were made using ceramic molds built around clay models. The molds were then imprinted with designs from the model. The model would be cut to allow for bronze to be poured into the empty spaces. Each piece was one of a kind as the ceramic molds had to be broken to release the bronze each time.

In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. the amount of depreciation richard may claim in 2016 is __________.

Answers

I think the depreciation will be charged only on the value of the house so that would be $753000-134000=$619000 since the land wouldn't depreciate. The actual amount of depreciation I don't know, just that it will be based on this value of the building on the land.

If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $_____ in interest. assume you re-invest all interest.

Answers

P = $2,000, principal
r = 5% = 0.05, interest rate
n = 1, compounding interval
t = 3 years

The value after 3 years is
A = 2000*(1 + 0.05)³ = $2,315.25
Interest earned = 2315.25 - 2000 = $315.25

Answer: $315.25

By investing $2,000 at a 5% annual interest rate compounded annually for 3 years, the total interest earned would be $315.25, assuming all interest is reinvested.

If you invest $2,000 today for three years at 5% interest paid annually and re-invest all interest, we can use the formula for compound interest to calculate the total interest earned over the investment period. The compound interest formula is A = P(1 + r/n)(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (initial investment), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the number of years the money is invested for.

Let's calculate the total amount first:

P = $2,000r = 0.05 (5% annual interest rate)n = 1 (interest is compounded annually)t = 3 years

A = $2,000(1 + 0.05/1)(1×3)

A = $2,000(1 + 0.05)3

A = $2,000(1.05)3

A = $2,000(1.157625)

A = $2,315.25

The total amount after 3 years is $2,315.25. The total interest earned is the difference between the final amount and the initial investment:

Total interest = A - P

Total interest = $2,315.25 - $2,000

Total interest = $315.25

So, if you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $315.25 in interest, assuming you re-invest all interest.

True or false- it’s important to keep track of debit card purchases so you know how much money is in your account.

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The answer would be A) TRUE because debit cards hold your account balance of how much money YOU have yourself.
True. Debit cards withdraw directly from your bank. If you overspend, you will become bankrupt

hope this helps

_____ is an example of a benefit that is legally required and hence not optional.

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The answer is unemployment insurance. The unemployment insurance is a type of insurance in which are deemed to be legal and a way of serving as a benefit for unemployed people who has lost the jobs that they used to have.

For bonovia, what is the opportunity cost of a pound of cheese? 0.8 pounds of ham

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The opportunity cost of a pound of cheese for bonovia is 1.25 pounds of ham. The opportunity cost is the loss from gain because the alternative is the one has been pick or chosen. It is also the benefit that has been received but given up to take another course of action.

That part of the deficit that results from a downturn in economic activity is called the __________ deficit.

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That part of the deficit that results from a downturn in economic activity is called the Cyclical deficit.
The deficit when government expenditures are greater than the tax revenues, it is called budget deficit and when the government expenditures and the tax revenues are equal, this is known as balanced budget. And when you lose your job, the deficit you run is also a cyclical deficit.

Computing the cronbach's alpha is the way to check if the:

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Most researchers, which include market researchers and Academic researchers or any other researchers prefer the use of multiple-item questionnaires because it enables researchers to obtain more reliable measures even though it will cost them more and also time consuming. Most researchers have reported that the most frequently reliability statistic for multiple-item scales is Cronbach’s coefficient alpha hence Computing the cronbach's alpha is the way most researchers check if the Multi-item measure is reliable.
Final answer:

Cronbach's Alpha is a statistical method used to measure the internal consistency or reliability of a test or measuring instrument. It ensures the test or instrument is reliable and indicates how consistently different parts contribute to the overall score.

Explanation:

Computing the Cronbach's Alpha is a method used in statistics to measure internal consistency or reliability of a test score or measurement.

In other words, it verifies if different parts of a test or measuring instrument are consistent with each other and contribute to the overall score or measurement in a consistent manner. This measure helps to ensure that the test or measurement is reliable and valid.

The value of Cronbach's Alpha ranges between 0 and 1. A value close to 1 indicates high internal consistency while a value close to 0 indicates low internal consistency.

It's important to note that Cronbach's Alpha assumes that the variables are unidimensional, meaning that they measure a single latent construct.

Additionally, it also assumes that all items in the test or instrument are equally correlated, an assumption that might not always hold in reality.

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The health information management department plans to install an automated tumor registry, and the vendor documentation is very, very lengthy giving instructions on how to work the system. all tumor registry staff thinks a "cheat sheet" or 1- to 2-page instruction summary should be written for ease of reference and increased data quality. who should develop this reference?

Answers

The right person to develop the application is THE HEALTH INFORMATION MANAGEMENT DEPARTMENT SUPERVISOR OF THAT APPLICATION.
In order to reduce the document to a manageable size, the supervisor of that application has the responsibility to look into the problem and effect the necessary corrections.

The correct answer is that the tumor registry staff should develop the reference "cheat sheet."

The tumor registry staff are the end-users of the automated tumor registry system and will be utilizing it on a daily basis. They are the ones who are most familiar with the specific tasks and information that they need quick access to. By creating the "cheat sheet" themselves, they can ensure that it includes all the necessary information in a concise and easily accessible format tailored to their workflow. This will not only help in increasing data quality but also in streamlining their daily tasks by providing a quick reference guide. Additionally, involving the staff in the development process will empower them and increase their familiarity and comfort with the new system, which can be crucial for successful implementation and adoption. It is also important that the staff who will be using the "cheat sheet" are involved in its creation to ensure that it meets their needs and preferences, which can vary depending on their specific roles and responsibilities within the tumor registry.

Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.

Answers

Answer: Decrease your take-home pay and decrease your federal income taxes in the current year. A 401k allows you to deduct earnings from your current income, and put that money in an account that cannot be opened until around retirement. The money put into a 401k, and the returns earned on that money through interest or investments, is not taxed as income until you take it out after retirement. This means that, when you put some of your earnings in a 401k, your take-home pay is lower for that year (you can't spend that money) and your income tax is reduced. 
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