What are the main economic systems, explaining how economies are organized?

Expert Solution

Rahul Sunny answered 1 year ago

4. realistically most economic systems are a) traditional economies b) command economies c) market economies d)...

4. realistically most economic systems are a) traditional economies b) command economies c) market economies d) mixed economies 5. one of the most significant stong points of a market economy is that a) its results in an equal distribution of wealth b) resources are used efficiently c) planners rather than consumers determine answers to the basic economic questions d) information for production and distribution decisions passes directly from the government to buyers 6.which one of the following describes a society...

Economic theory identifies _______ as the main determinant of wage rates in competitive market economies.

QUESTION 23Economic theory identifies _______ as the main determinant of wage rates in competitive market economies.worker productivitywhether or not labor unions existthe level of greed of employersthe level of greed of workersthe level of generosity of employersQUESTION 24Kenneth Arrow proved that it is impossible ____.for a country to have a comparative advantage in the production of everything.for the marginal utility of a product to rise if consumers’ access to that product rises.to come up with any procedure for voting that...

a. Identify and describe the 3 economic systems that govern economies around the world. Outline the...

a. Identify and describe the 3 economic systems that govern economies around the world. Outline the strengths and weaknesses of each system. What do you think is the best type of market system to govern an economy? Why? Use online resources and your textbook to identify a specific economy that follows each economic system discussed above. How have these countries done in terms of economic performance? Has one economic system produced better economic results than others? Please provide details from the countries you...

1. define the economic role of money in modern economic systems especially Market economies 2. define...

1. define the economic role of money in modern economic systems especially Market economies 2. define the Nation’s Money Supply and the role of the commercial banks in determining its SIZE 3. define the fractional reserve banking law 4. explain how the Central Bank (e.g. The Federal Reserve Banking System) uses “Open Market Operations” to change the SIZE of Nation’s MONEY SUPPLY

Discuss the three main political economic systems and their impact on trade. Then describe the economic...

Discuss the three main political economic systems and their impact on trade. Then describe the economic imperatives of the government in each system and explain how these are manifested in international trade.

One of the big research questions for anthropologists is to describe how economies are organized particularly...

One of the big research questions for anthropologists is to describe how economies are organized particularly thinking about systems of distribution and exchange. Describe each of these economic systems reflect social connections and give one cultural example for each one.

what were the principal elements of economic development of the Americas? how were the economies of...

what were the principal elements of economic development of the Americas? how were the economies of USA, Canada, and Latin America different?

What are the three major types of economic systems? What are the effects of economic systems...

What are the three major types of economic systems? What are the effects of economic systems on how organizations are structured in societies? can you please put the answer in your own words please and end please make sure I can read it I have bad eyes

please explain the main economic systems in urban place in the context of sustainability.

Start by explaining what are political risks and what are economic risks of operating in an...

Start by explaining what are political risks and what are economic risks of operating in an international market Then, choose an organization operating internationally.How should the firm's management approach these kinds of risks Firm can not be walmart

Question