Who gets to decide? How these questions are answered will depend on the type of economic system. The three basic types of economic systems: • Market economies (or capitalist economies or free enterprise economies) • Planned economies (or command economies) • Mixed economies ...
Hair Co manufactures three types of electrical goods for hair: curlers (C), straightening irons (S) and dryers (D.) The budgeted sales prices and volumes for the next year are as follows: Each product is made using a different mix of the same materials and labour. Product S also uses ...
文档标签: Three Basic Economic Questions三基本经济问题 系统标签: economic questions basic societal goals predictability Chapter2Section1–pgs.23-271.Define economic system.2.List and describe the Three Key Economic Questions.3.List and describe the four types of economic systems.4.Using the Chart ...
What are the three functions of money? Which functions is the most important? Functions of Money The term money is used to describe anything that is a legal tender and with general acceptance in the exchange of products and services in economic transactions. The adoption of mon...
campus come from a wide variety of socioeconomic backgrounds. Many students work at least part-time, some of them work full-time. Many students live in dormitories on campus, some have their own apartments usually with other students, and others live at home. Some colleges and universities ...
There are three main economic and financial indicators of globalization, these are: International trade in goods and services; the transfer of money capital from one country to another; the movement of people across national borders. Of the three, international trade and foreign investment are the ...
deduction scope of the VAT input tax, and thought that as far as possible, the deduction of the input tax was beneficial to the enterprises, resulting in the exceeding range deduction tax. The result was investigated by the tax authorities and brought unnecessary economic losses to the ...
What factors does the government consider when deciding whether to rely on the private sector or the public sector to provide public goods? Use the example of prisons to illustrate. What are the two main sources of economic gains from intra-industry trade? What is national saving? What is ...
Hyperinflation (极度通货膨胀) is defined as an economic condition during which there is a steep increase in prices.In accordance with the laws of economics,three factors combine to create this condition.First,demand must be much greater than the supply of available goods.Second,the country must ...
Name the three factors of production and two players in the circular flow model. National Income National Income is defined as the total amount of income that is earned by all the citizens of the country. There are three different ways of calculating the national income such as ...