What are three aspects of a command economy? Choose 3 answers. a. Government-owned production b. Private...

What are three aspects of a command economy? Choose 3 answers. a. Government-owned production b. Private property c. Freedom of enterprise d. Planned system e. Privately owned production f. Inefficient allocation of goods

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Rahul Sunny answered 1 year ago

What are three pillars that support format regulatory institutions? Choose 3 answers. a. Norms b. Attitudes...

What are three pillars that support format regulatory institutions? Choose 3 answers. a. Norms b. Attitudes c. Cultures d. Laws e. Regulations f. Rules

Some people argue that government-owned enterprises do not perform as well as private enterprises. Specifically, government-owned...

Some people argue that government-owned enterprises do not perform as well as private enterprises. Specifically, government-owned enterprises cannot efficiently allocate resources used in the production process. Do you agree with this view? Please use economic theories to explain in detail why you think this is correct or why this statement is not reliable. In your explanation, please make a comparison between a government-owned company and a private company in the same industry to support your argument. You may compare the...

We are discusses the many aspects of the role of the government in our economy. The...

We are discusses the many aspects of the role of the government in our economy. The last few months have shown that the government can have a tremendous impact on our economy. Just think of those stimulus checks, or the extended unemployment benefits some people have received. On the other hand, did the government do enough during the Covid 19 pandemic--or did they not do enough? Since this year is a presidential election year, and you are, or should be,...

government owned monopolies are less X_Efficient than private monopolie and have

. a) Explain three (3) characteristics of a developing economy. (8 marks) b) Discuss three (3)...

. a) Explain three (3) characteristics of a developing economy. b) Discuss three (3) policies that can be implemented by the government to achieve “developed” status. Consider which policy is likely to be the most effective.

Consider an economy which consists of three firms, A, B, and C, consumers, and a government.

Consider an economy which consists of three firms, A, B, and C, consumers, and a government. Firm A is a smart phone factory, while Firm B is a parts factory. Firm C is a smart phone retailer. In 2020, Firm B produces $250,000 worth of parts, of which $150,000 it sells to Firm A, and $40,000 to Firm C. In addition Firm B sells $30,000 worth of parts to the government, and $30,000 worth of parts it exports. Firm B...

Choose all answers that are correct: What happens when a negative externality in production is present...

Choose all answers that are correct: What happens when a negative externality in production is present in a market I. The price determined by the "free market" is artificially low II. The price determined by the "free market" is artificially high III. The quantity determined by the "free market" is artificially low IV. The quantity determined by the "free market" is artificially high Group of answer choices -I and IV -II and IV -II and III -I and III

) Discuss what organizational form (e.g., private firm, government corporation, or normal government production) you think might...

) Discuss what organizational form (e.g., private firm, government corporation, or normal government production) you think might be appropriate for each of the following. In each case, briefly discuss problems of designing appropriate incentives, rent seeking behavior, and effective regulatory systems. (15 points) · Public housing o · Air traffic control system o · Prisons o · Job placement services o · Administering the food stamp program

For a closed economy, private saving is 1300 and the government is running a budget surplus...

For a closed economy, private saving is 1300 and the government is running a budget surplus of 700. The investment function is I=5000 -100r, where r is the country’s real interest rate, expressed as percentage. The equilibrium interest rate is?

Suppose that investment demand increases by $700 billion in a closed and private economy (no government...

Suppose that investment demand increases by $700 billion in a closed and private economy (no government or foreign trade). Assume further that households have a marginal propensity to consume of 90 percent. (a) Compute four rounds of multiplier effects. Instructions: Enter your responses rounded to the nearest one decimal place. Changes in This Cycle's Spending (in billions) Cumulative Change in Spending (in billions) First cycle 700.0 700.0 Second cycle Third cycle Fourth cycle (b) What will be the final cumulative...

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