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What type of economic system exists when individuals answer the three basic economic questions? A.mixed B.market C.command D.traditional


The type of economic system which exists when individuals answer the three basic economic questions is B. market.
These questions are: what to produce, how to produce it, and for whom to produce it. Once you answer these questions, the market is satisfied. 

Related Questions

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What is the answer to 2/3x8

5.3333333333333333333333333333333333333333333333333333333333333333333333333333333ect

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Which type of promotion do many people considered more credible because it is less biasedpublicitypublic relationspress releaseadvertising

I think the correct answer from the choices listed above is the third option. The type of promotion many people considered more credible because it is less biased is a press release. A press release is said to be unbiased and should contain all information from all angles or side of a situation. Hope this helps.

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Select the true statement about standards for weights and measures. Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output. A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards. Standards often wind up discouraging the exchange of goods in the economy.

The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.

In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit

Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.

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In a capitalist system, what are the goods and tools that are used to make products?

Human labor is used in a Capitalist system in order to make products. 

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Name the three factors of production and two payment types in the circular flow model. You may draw a diagram and label the necessary components if you wish.

Name the three factors of production:
1. land 
2. labour
3. capital
 Though sometimes entrepreneurship is included and occasionally land is excluded.
 The payment for goods and services is the price, the hiring of factors is usually called wage or rent depending on whether we are discussing labor or capital.  

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After constructing a new factory, the cost of building the factory is a: a. none of the answers are correct b. sunk cost c. variable cost d. past cost

After constructing a new factory, the cost of building the factory is a sunk cost. This is because this cost has already happened and cannot be written off.

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The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.

- Interest = $10000 x .04965 x 13/52 weeks = $124.13 
- Proceeds = $10000 – 124.13 = $9875.87 
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03% 

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In economics, if a good is inelastic, consumers have lost an interest in purchasing it. producers have lost an interest in manufacturing it. its supply or demand is too sensitive to price changes. its supply or demand is not sensitive to price changes.

In economics, if a good is inelastic, then its supply or demand is not sensitive to price changes.

Changes or fluctuations in market prices does not affect the supply and the Demand of inelastic goods.

Further Explanation;

  • Inelastic goods, are types of goods whose demand and supply is not affected by changes in market prices. That is an increase or decrease in market price does not affect their supply or demand.
  • When the price of an inelastic good changes, its supply and demand is unaffected.
  • Examples of such goods include, water and food. Therefore, for inelastic goods, the consumer buying strength and habits remain the same.

Demand and supply in determination of market price

  • Demand refers to the quantity of goods or services that consumers are willing and able to buy at a particular price while supply is the quantity of goods or services that suppliers are willing to supply to the market at a particular price.  
  • One of the factor that determine market prices are the forces of demand and supply, this is based on the ability and willingness of buyers and sellers to undertake selling and buying.
  • Buying and selling occurs at an equilibrium price that is agreed upon by sellers and buyers.  
  • This means the sellers and buyers are willing to exchange a certain quantity of a commodity at this price. Thus, price depends on the demand and supply in the market.
  • However, for inelastic goods such as water and food, the consumer has no option than to buy them at existing prices since they are necessity goods.

Keywords; Inelastic goods, demand and supply, market price.

Learn more about:

  1. Demand and supply; brainly.com/question/6749722
  2. Effect of supply and demand on market price: brainly.com/question/3522474

Level; High school  

Subject: Business

Topic: Demand and supply

Sub-topic: Types of goods

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You can't save any money because you need every dime just to pay your mortgage and bills. What answer describes your situation? a. Upside down in your mortgage? B. Poverty. C. Foreclosure. D. House Poor.

I believe the correct answer from the choices listed above is option D. You can't save any money because you need every dime just to pay your mortgage and bills. YOur situation could be called as House Poor. It is a situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities.

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Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal economy, and lose 2 percent in a recession. the probabilities of an economic boom, normal state, or recession are 5 percent, 92 percent, and 3 percent, respectively. what is the expected rate of return on this stock?

                    Expected rate of return           Probabilities
Booming                22%                                    5%
Normal                  15%                                   92%
Recession               2%                                     3%

The expected rate of return on this stock is solved by multiply each expected rate of return to its corresponding probability and getting the sum of all products.

Booming: 0.22 x 0.05 =  0.011
Normal:   0.15 x  0.92 = 0.138
Recession 0.02 x 0.03 = 0.0006
Sum total                     0.1496  or 14.96% is the expected rate of return on this stock

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In _____ interviews, interviewers tend to ask questions which they see fit and do not depend on a fixed set of questions for their interviews.

In unstructured interviews, interviewers tend to ask questions which they see fit and do not depend on a fixed set of questions for their interviews. This type of interview is also known as a standardized interview or a researcher-administered survey.

In structured interview, on the other hand, managers ask each applicant the same standard question.

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Which economic indicator demonstrates to the federal reserve that prices are stable from year to year? A) Producer Price Index B) Manufacture Price Index C) Consumer Price Index

I believe the correct answer from the choices listed above is option C. The economic indicator that demonstrates to the federal reserve that prices are stable from year to year would be the Consumer Price Index. It measures changes in the price level of a market basket of consumer goods and services purchased by households. Hope this answers the question.

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What is the likely impact of filing bankruptcy on a student loan ? a. The Loan amount will stay the same, but the balance will stop accruing interest b. The Loan repayment schedule will be adjusted longer c. None of the answers are correct d. The Loan payment amount will be adjusted lower

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
Likely impact of filing bankruptcy on a student loan is the Loan payment amount will be adjusted lower

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Which of the following types of financial assistance does not need to be paid back ? a. Grant b. Subsidized Loan c. Unsubsidized Loan d. Private Loan e. None of the answers are correct

E. because federal loan is from the government and does not need paid back its for people who could have a family or don't have a steady income

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. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income does he have? taxes, interest, and tips capital gains, ongoing costs, and salary interest, salary, and taxes salary, interest, and dividends

The best and most correct answer among the choices provided by your question is the first choice.

The type of incomes Jeff would have are taxes, interest, and tips.

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

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. Jeff works as a computer repair technician. He has money in a savings account and he owns some stock. What types of income does he have? taxes, interest, and tips capital gains, ongoing costs, and salary interest, salary, and taxes salary, interest, and dividends

I think the correct answer from the choices listed above is the last option. He earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.

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Match the type of market structure with each example. A.Pure competition B.Near monopoly C.Monopolistic competition D.Oligopoly Computer operating systems Fast food restaurants Online auctioning Car makers

The correct matches are as follows:

A.Pure competition
Fast food restaurants

B.Near monopoly
Computer operating systems

C.Monopolistic competition
Online auctioning

D.Oligopoly
Car makers

Hope this answers the question. Have a nice day.

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1. What types of interest groups are the ADA and the ACU? Why do you categorize them that way? 2. What issues do you see the ADA standing for? Give examples. 3. What kinds of tactics can you infer these interest groups use to influence the government? 4. What fundraising appeals do you notice on the two Web sites? 5. Which group do you think is more effective?

1.  The ADA is an American political organization advocating progressive policies. An“independent liberal lobbying organization.” The ACU is a “grassroots conservative lobbying organization.”

3.  ADA stands up for social and economic justice. They achieve success in doing so through lobbying, grassroots organizing, research and supporting progressive candidates.

Numbers 1 and 2 are the questions I can only manage to answer, you can do a bit of research for the rest of the items.

I hope my answer has come to your help. Have a nice day ahead and may God bless you always!

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Which phrase defines “consumerism” best? how ideas or things (e.g., inventions) are used and interpreted by people the concept that a high rate of consumption and spending are the basis for a sound economy a class or category of artistic endeavor having a particular form, content, or technique the mental process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion

Answer;

-The concept that a high rate of consumption and spending are the basis for a sound economy.

Explanation;

-Consumerism is the theory that a country that consumes goods and services in large quantities will be better off economically.

-Consumerism is credited with a movement towards consumer protection that promotes improvement in safety standards and truthful packaging and advertisement. It also seeks to enforce laws against unfair trade practices and truthful product guarantees.  


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