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What dictates which goods and service producers should or should not create?
Consumer choices
What are the four economic questions?
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What are the implication of cartel to both consumer and producers?
When multiple businesses join up to create a Cartel, the production of a product is generally increased. Because of the higher supply of product, it should drive down costs to the consumers.
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
What dictates which goods and service producers should or should not create?
Consumer choices
What dictators which goods and services produces should or should not create?
Consumer choices
The revenue recognition principle dictates that revenue should be recognized in the accounting records?
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
What dictates how long a speech should be?
The will usually dictate how long a speech should be.
Should I create a new persona for a reality show?
You should apply being yourself. The producers are looking for real people for their reality shows. If you create a new persona and are not able to live up to it very well could get you kicked out.
What are the four economic questions?
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
How do search engine ranking services work?
The ranking of pages is done by using the metadata that is included within each page by the programmer. This is used like keywords and coupled with how often people click on the pages dictates how high up the list it should appear.
What does autorun.inf do?
Autorun.inf is a small file that dictates what program should be launched and what icon should be displayed in My Computer in Windows when a CD or DVD is inserted.
How are Left turns are made from the furthest most lane and should be done so only when traffic dictates it is safe and prudent?
It is true that left turns should be made from the furthermost left hand lane, and should be done so only when traffic dictates it is safe and prudent. Drivers should proceed with caution when doing turning maneuvers from an intersection.
What are the implication of cartel to both consumer and producers?
When multiple businesses join up to create a Cartel, the production of a product is generally increased. Because of the higher supply of product, it should drive down costs to the consumers.
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
