The economy of the United States is a free-enterprise system. True False

Q: Prepare an article by asking the course instructor what knowledge, skills, and competencies the…

A: Cognitive skills, which encompass the ability to understand complex ideas, adapt effectively to the…

Q: Why is it undesirable for the United States to evolve into a service economy?

A: Service economy is described as a country that generates more revenues from the service sector…

Q: Contrast and compare the mercantilist and scholastic approaches to analyzing an economy.

A: Economic analysis is the study of economic systems through various angles. It can be a study of a…

Q: Why is the definition of recession not perfect?

A: A recession is a macroeconomic term that refers to a significant decline in general economic…

Q: A brief presentation on Philippine Local Government System including its history, politics, and…

A: In the Philippines, the local government is divided into different levels such as independent…

Q: Can a business firm generate maximum profit and achieve it's goals without employing managerial…

A: The business organization survives under an ever-changing environment and hence, the organizational…

Q: Investment is a larger portion of GDP than consumption, but is substantially less volatile…

A: Investment and government spending on goods and services are on par, accounting for 15-20% of GDP…

Q: Please compare and contrast the implementation of central planning in the Soviet and Chinese…

A: Central planning is referred to as the government responsible for the decisions that may affect…

Q: What are the three types of economic systems? What criteria can we use to evaluate them? Explain

A: An economic system can be defined as a system which involves the use of money in the activities like…

Q: When an economy is at the peak of the business cycle . O a. GDP level will be low O b. GDP remains…

A: Option D ( GDP level will be high)

Q: Promoting unemployment is an example of ethical contribution of business to society Select one: O a.…

A: Promoting unemployment is an example of ethical contribution of business to society :

Q: __________The American economy is now characterized as a(n) __________ economy. a. civilized b.…

A: Despite accounting for less than 5% of the global population, Americans generate and earn more than…

Q: Is this statement true or false? Please explain in detail Companies that choose to compete on costs…

A: In an organization, the structure, culture, framework, and design play key roles in determining the…

Q: As a student, In what way can you contribute to the growth of the economy? explain your answer In…

A: May sound truly straightforward however - Getting some work  By finding a new line of work, you are…

Q: In the midst of a multitude of facts, data, and statistics, what fundamental economic models and…

A: Economists carry a set of theories in their heads like a carpenter carries around a toolkit. When…

Q: How would knowing the basics of management affect being an agricultural economist?

A: Agricultural economics is a branch of knowledge that deals with the approaches to economic concepts…

Q: economic

A:

Q: Choose an area of government spending for public goods (such as health care, Medicaid, etc.) and…

A: Government for the sake of public needs to give proper medical facilities to the public and need to…

Q: Why inflation in not considered in future value?

A: Inflation is described as the increases in prices of the services and goods that are most commonly…

Q: The coronavirus pandemic is leading to several management challenges in all echelons of the economic…

A: Covid 19 brought many challenges for business entities and economies. No organization was prepared…

Q: It is asserted by some economists that because any individual knows only a small fraction of all…

A: The concept of invisible hand concept was introduced by Adam smith. It describes a natural force…

Q: we need to study Managerial Economics

A: Managerial Economic includes two major things that is Economics and Decision Making, so Economic s…

Q: Explain why is the enterpreneurial spirit vital to the health of the nation's economy

A: Entrepreneurship is the act of starting brand or industry and suffering any challenges that may…

Q: statistics in economi

A: Statistics for economics is the measurement for financial aspects about the assortment, handling and…

Q: How important is for a business student to know the economic indicators?

A: An economic indicator is a piece of economic data, usually on a macroeconomic scale, that analysts…

Q: The government wants to impose an increase in federal minimum wage to $20 an hour to better assist…

A: Raising the federal minimum wage can impact the economy in different ways. The standard of living of…

Q: According to the Solow growth model of chapter 5, output per person in the long- run, steady state…

A: A steady-state economy is a type of economy that consists of a stable population with an equal…

Q: Economic and business environment analysis: What is the Business environment like: Government…

A: Definitely, we can say about  Germany where it is considered an attractive country for foreign…

Q: what is a free rider in an economy

A: The free rider issue is an economic notion of a market failure. Public goods generally encounter a…

Q: Describe the four basic assumptions required for a laissez-faire capitalist economy

A: Laissez-faire capitalist economy is one of the form of economy according to which all the economic…

Q: Express mathematically the impact of health on the economy. (discuss measures of economic…

A: Health threats due to global issues related to the environment and changing lifestyles of people are…

Q: Provide ethical interpretation of the Great recession?

A: The Great Recession has resulted in loss for half of the American workers because of layoffs,…