what is the primary role of consumers in a free market economy?

Answers

Answer 1

Answer:

The consumer is the one who pays to consume the goods and services produced.

Explanation:

As such consumers play a vital role in the economic system of a nation. In absence of effective demand the producers would lack a key to motivation


Related Questions

what is the advantage of paying your credit card balance in full each month?

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Answer:

No interest will accrue. This is what is recommended of people. If you are unable to, it is suggested you make two payments a month to help avoid it.

when an enterprising individual pursues a lucrative opportunity, it is known as:

Answers

Answer:

When an enterprising individual pursues a lucrative opportunity, it is known as entrepreneurship

Explanation:

Nico likes to take 15-minute breaks to play a game on his phone while he is studying. Sometimes, his breaks goes past 15 minutes because he loses track of time. What should he do to study more effectively?

Choose a game that has shorter levels.
Put his phone away even during study breaks.
Take fewer breaks but for 30 minutes.
Text a friend instead of playing games during study breaks.

Answers

Answer:

I think he should text a friend instead of playing games so his friend can help him with studies too.

Explanation:

This is just based on my opinion. Hope it helps though

Answer: B - Put his phone away even during study breaks.

Explanation:

I took the test and I got it right.

The following information is available for Birch Company at December 31: Cash in registers $ 2,910 Investment maturing in 9 years $ 16,200 Accounts receivable $ 1,775 Cash in bank account $ 23,631 Accounts payable $ 770 Cash in petty cash fund $ 320 Inventory of postage stamps $ 30 U.S. Treasury bill maturing in 15 days $ 11,200 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

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Based on the various account balances that Birch Company has, they should report a total of $38,061 for Cash and Cash equivalents.

Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.

They include:

Actual cash Cash in bank Cash in petty cash U.S. Treasury bills Money market funds

The total of cash and cash equivalent here are:

= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills

= 2,910 + 23,631 + 320 + 11,200

= $38,061

In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.

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___ are costs that don't show up as part of the market price for a product.

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Externalities are costs that don’t show up as part of the market price for a product

The country of Cedarland does not trade with any other country. Its GDP is $17 billion. Its government purchases $4 billion worth of goods and services each year, collects $6 billion in taxes, and provides $1 billion in transfer payments to households. Private saving in Cedarland is $4 billion. For Cedarland, Select one: a. investment is $5 billion and consumption is $8 billion. b. investment is $6 billion and consumption is $8 billion. c. investment is $6 billion and consumption is $9 billion. d. investment is $5 billion and consumption is $7 billion. Clear my choice Previous page

Answers

Answer:

its A

Explanation:

stan straykids

The performance of a bank that continually concentrates in short-term deposits in euros and adjustable rate dollar loans with equal-rate sensitivity is:___________
a) unaffected if euro interest rates increase and US rates decrease
b) unaffected is US interest rates increase and euro interest rates decrease
c) adversely affected if European interest rates increase and US rates decrease
d) adversely affect if US interest rates increase and euro rates decrease
e) A and B

Answers

Answer:

Search it for the best answer

Answer:

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When a golfing club manager says, "I am concerned that our club members will find that the low center of gravity in the Taylor clubs mess up their golf swings," the Taylor salesperson responds, "I understand how you feel about the clubs. Another buyer felt the same way as you do until he tried the clubs for a month. He found them easy to use and that they actually improved his average score." Which method of dealing with objections is the Taylor salesperson using? Multiple Choice submissive direct denial compensation indirect denial referral

Answers

The Taylor salesperson is using the referral method to deal with objections.

A referral is a way of dealing with objections in which the speaker refers to a previous experience to object to what another person has told him about a topic.

In the case presented, the manager of the golf club was expressing his concern about the opinion of golfers about Taylor clubs that had a special characteristic on their center of gravity.

To counter this argument, the seller refers to a real case of a buyer who was left with very good impressions of the Taylor stick.

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I need help with ideas for Yearbook fundraisers. If you have any ideas please let me know.

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As a student, i should say that you need to make others aware of your fundraiser. A lot of times i barely know about such fundraiser or I don’t have enough information.

if china provides cash assistance to its companies in the steel industry, china is using which type of trade instrument?

Answers

Answer:

belt and road initiative

Stock A has a beta of .68 and an expected return of 8.1 percent. Stock B has a beta of 1.42 and an expected return of 13.9 percent. Stock C has beta of 1.23 and an expected return of 12.4 percent. Stock D has a beta of 1.31 and an expected return of 12.6 percent. Stock E has a beta of .94 and an expected return of 9.8 percent. Which one of these stocks is the most accurately priced if the risk-free rate of return is 2.5 percent and the market risk premium is 8 percent?

a. Stock D
b. Stock E
c. Stock A
d. Stock C
e. Stock B

Answers

Answer:

D

Explanation:

Select the statement below that explains how to use the Income Summary account. Multiple choice question. The Income Summary account is credited during the adjusting process, as it is a contra asset account. The Income Summary account is used during the closing process to facilitate the closing of revenue and expense accounts. The Income Summary account is used during the closing process to facilitate the closing of all permanent accounts. The Income Summary account is debited for the sum of all revenue accounts during the closing process.

Answers

Answer:

Facilitate closing of revenue

In accounting, the Income Summary account is used during the closing process to facilitate the closing of revenue and expense accounts.

What is an Income Summary account?

This is an account that records all the temporary accounts of a business after they have been closed at the end of every accounting period.

Therefore, the Option B is correct.

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Lena is a salesperson. As part of negotiation with her prospect during the sales process, Lena finds out what other competitors' products or services the prospect is considering. Thus, she gains insight into what the prospect is looking for and willing to pay. In this scenario, Lena is most likely in the _____ phase of negotiation.

Answers

Lena is most likely in the Investigative phase of negotiation.

In business, negotiation refers to the strategic discussion that takes place between the potential buyer and sellers who are trying to reach an agreement which favors both party.

The phase of Negotiation includes;

The investigation phase is the phase whereby both party are deciding the best price for themselves.The phase of determining the Best Alternative to a Negotiated Agreement (BANA)The presentation phaseThe bargaining phase is the phase of stating price from both partyThe closure phase.is the phase where conclusion have been reached.

Therefore, in this case, Lena is most likely in the Investigative phase of negotiation.

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If the price index was 90 in Year 1, 100 in Year 2, and 95 in Year 3, then the economy experienced a. 10 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3. b. 11.1 percent inflation between Years 1 and 2, and 5 percent inflation between Years 2 and 3. c. 10 percent inflation between Years 1 and 2, and 5 percent inflation between Years 2 and 3. d. 11.1 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3.

Answers

Answer:

d. 11.1 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3.

Explanation:

Inflation Rate between Current Year and Previous Year = ((Price Index in Current Year - Price Index in Previous Year) / Price Index in Previous Year) * 100

Inflation Rate between Year 2 and Year 1 = ((Price Index in Year 2 - Price Index in Year 1) / Price Index in Year 1) * 100 = ((100 - 90) / 90) * 100 = +11.1111%

Inflation Rate between Year 3 and Year 2 = ((Price Index in Year 3 - Price Index in Year 2) / Price Index in Year 2) * 100 = ((90 - 100) / 100) * 100 = -5%

*Negative value = Deflation

11.1 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3.

What is the Inflation?

Inflation is a unit of measurement used to determine how much a group of goods and services have increased in cost over a given period of time, usually a year. Possibly one of the most well-known terms in economics. Because of inflation, nations have gone through protracted periods of instability.

((Price Index in Current Year - Price Index in Previous Year) / Price Index in Prior Year) * 100 is the inflation rate between the current year and the year before.

The price Index in Year 2 minus the Price Index in Year 1 divided by Price Index in Year 1 equals the inflation rate between Years 2 and 1. * 100 = ((100 - 90) / 90) * 100 = +11.1111%

Price Index in Year 3 minus the Price Index in Year 2 divided by Price Index in Year 2 equals the inflation rate between Years 3 and 2. * 100 = ((90 - 100) / 100) * 100 = -5%

Deflation is a negative value.

The inflation surprise is calculated as the realized inflation rate from the end of period t to the end of period t, expressed as t, less the cohort s' expectation in period t 1, written as t|t1,s.

Therefore, Thus, option (D) is correct

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_____ is a pattern of shared basic assumptions that a group learns as it solves its problems of external adaptation and internal integration, and that has worked well enough to be considered valid and, therefore, is taught to new members as the correct way to perceive, think, and feel in relation to these problems.
A. Organizational change
B. Organizational culture
C. Organizational structure
D. Organizational learning

Answers

Answer:

What is B. Organizational culture

Explanation:

Organizational culture is a pattern of shared basic assumptions that a group learns as it solves its problems of external adaptation and internal integration, and that has worked well enough to be considered valid and, therefore, is taught to new members as the correct way to perceive, think, and feel in relation to these problems.

Organizational culture is a pattern of shared basic assumptions that a group learns as it solves its problems of external adaptation and internal integration, and that has worked well enough to be considered valid. Hence, option B is correct.

What is Organizational culture?

The general definition of organizational culture is all of a company's beliefs, values, and attitudes, and how these affect how its people behave. What it's like for a customer to purchase from a business or for a supplier to cooperate with it is influenced by culture.

The definition of organizational culture pertains to the structure, values, sociology, and psychology of an organization, such as a business or non-profit. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.

Your company's culture establishes standards for how employees should act, collaborate, and perform as a team. In this manner, siloed teams' barriers may be dismantled, decision-making can be guided, and workflow can be improved.

Thus, option B is correct.

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If a company is considering the purchase of a parcel of land that was acquired by the seller for $91,000, is offered for sale at $162,000, is assessed for tax purposes at $101,000, is recognized by the purchaser as easily being worth $152,000, and is purchased for $149,000, the land should be recorded in the purchaser's books at:

Answers

Answer:

$91,000

Explanation:

Even though the new seller purchased it for $149,000, land is always recorded at historical cost (the cost when it was first purchased). Assuming the current holder is the person who was the first to buy the land, then it is is 91,000, since there is no other information about previous owners of the land before the one that bought it for 91,000.

if you are submitting the fafsa this year, you will need tax forms from which year?

Answers

Answer:

The FAFSA form asks for financial information, including information from tax forms and balances of savings and checking accounts. The 2022–23 FAFSA form asks for 2020 tax information. The 2021–22 FAFSA form asks for 2019 tax information.

Choosing which types of assets you will invest in is known as
O A. a long-term strategy
O B. diversification
O C. cash investment
O D. asset allocation
SUBMIT

Answers

Answer:

Asset allocation

Explanation:

The fast-food chain wants its ads to show the size difference between its "Big Beefy" burger and another chain's "Deluxe Beef" burger.

A- pioneering advertising

B- reminder advertising

C- comparative advertising

D- institutional advertising

Answers

Answer:

B

Explanation:

the primary difference between the periodic and perpetual inventory systems is that a

Answers

Answer:

In a periodic inventory system, things are updated periodically. With a perpetual inventory system, it's recorded at the time of sale.

A disadvantage of a short-term contract as an alternative on the make-or-buy continuum is that ______. Multiple choice question. the supplying firm has a shorter planning period than it has for individual transactions the supplying firm has little reason to perform transaction-specific investments the buying firm can get a lower price for the work because of the competitive bidding process the supplying firm has a longer planning period in comparison to individual market trans

Answers

A disadvantage of a short-term contract as an alternative on the make-or-buy continuum is that: B. the supplying firm has little reason to perform transaction-specific investments.

A short-term contract can be defined as a fixed term contractual agreement between two or more parties that has a definite duration of not more than one year or 24 months.

Hence, a short-term contract is characterized by a specific and limited amount of time.

A make-or-buy continuum can be defined as an act of making a strategic choice between manufacturing (making) a product internally (in-house) or buying the product from an external supplier.

Basically, one of the disadvantages of using a short-term contract as an alternative to the make-or-buy continuum is that, the supplying firm has little or no reason to perform transaction-specific investments i.e a non-transferable investment that has a unique utility.

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PLEASE HELP ASAP!! amcnkwjdcmkencjdjej

Answers

My Answuh:

$530/month

So not-alright explanation:

dude, I've been trying to solve this for the past 15 minutes and only $530 comes.

In this section you will name the functions of the Machine. Function: Winds on bobbin, for lower thread. Function: Holds the spool of Function: Controls the stitch Function: Controls the stitch Function: Controls of the upper thread. Function: Guides function takes up Function: the thread. Function: Assists in the needle. Function: Sets the in place. Function: Creates a surface. Function: Holds in place. Function: Stitches Function: Select the type of

Answers

Answer:

thread---upper_thread----handle----needle----saw----engine----footspa----machine----

What are the advantages of working for a salary? Check all that apply.

In general, you will earn more than an hourly wage worker.
Whether you work 35 or 40 hours in a given week, your paycheck will be the same.
If you work more than 40 hours for several weeks in a row, your paycheck will increase.
Your employer must pay you the federal or state minimum wage.
You can easily budget your earnings for the year, knowing that your pay will be steady.

Answers

Explanation:

all of the above except if you work more than 40 hours for several weeks your paycheck will increase .This is False

Answer: its a,b, e

Explanation:

-In general, you will earn more than an hourly wage worker.

-Whether you work 35 or 40 hours in a given week, your paycheck will be the same.

-You can easily budget your earnings for the year, knowing that your pay will be steady.

who else have been in a long distance relationship for over a tear and still haven't meet their partner​

Answers

Answer:

meh

Explanation:

almost did lol word word word

Answer:

some people

Explanation:

:-) :-) :-) :-) :-) :-) :-) :-)

the kraft heinz company mainly uses _______ for its mix of products.

Answers

The Kraft Heinz company mainly uses "Individual Branding'" for its mix of products.

This is because Individual Branding is a form of Branding strategy whereby a single firm uses different brand names for their newly created products.

These new brand names are designed or coined so that they are not related to the names of existing brands offered by the same company.

In this case, Kraft Heinz company mainly has multiple products with different brand names such as Capri Sun, Velveeta, Jell-O, Planters, Ore-Ida, Oscar Mayer, Maxwell House, etc.

Hence, in this case, it is concluded that Individual branding is one of the strategies for expanding products markets.

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Becca is a single mother of two young children who spend their days at a daycare center while Becca goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
Refer to Scenario 11-1. Due to traffic, Becca expects to be 20 minutes late to pick up her children. Which of the following most accurately describes the set of prices that she would be willing to pay for a variable toll road that would get her to the daycare center on time?
a. Any price less than $20
b. Any price less than $30
c. Any price less than $25
d. Becca would not be willing to pay out of pocket to avoid traffic.

Answers

Answer:

a

Explanation:

Because each 10 minutes is 5 so 20 minutes is 10 dollars

2. An increase in demand is an increase in consumer willingness to

Answers

Answer:

An increase in demand is an increase in consumer willingness to. purchase moe of the good at any price.

Explanation:

what concept does the balance sheet really explain, based on the information contained in it?

Answers

The concept that is been explained by balance sheet as regards the information in it is that it provide the summary of all of the firm business assets.

Balance sheets can be regarded as business tools that gives all the rates of return for investors as well as evaluation of a firms capital structure.

It can be explained as financial statement  which gives that snapshot of what is been owed and owned by a company, also the total funds that the shareholders invested.

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distinguish between capitalist and socialist economy. will give brainlest answer to the first person​

Answers

Answer:

Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.

Socialism includes private individuals or businesses, rather than the government, own and control the factors of production: entrepreneurship, capital goods, natural resources, and labor. Capitalism's success is dependent on a free-market economy, driven by supply and demand. With socialism, all legal production and distribution decisions are made by the government, with individuals dependent on the state for food, employment, healthcare, and everything else. The government, rather than the free market, determines the amount of output (or supply) and the pricing levels of these goods and services.

I would definitely sum this up before answering!
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