The short-run aggregate supply curve is more useful than the curves because it changes price level and output levels simultaneously.
What is a short-run aggregate supply curve?A short-run aggregate supply curve simply allows one capture how the firm will be able to respond to price stickiness in an economy.
In this case, the short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies because it changes price level and output levels simultaneously.
Learn more about supply curve on:
https://brainly.com/question/26430220
the first person that answers ill give u 50 brainlist points, brainlist to, stars, and a heart
In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.
The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.
A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).
The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."
The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.
A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.
In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.
According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?
What is the something else these countries are missing?
Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.
In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.
Does Communist China have a capitalist free market economic system where there is ROL and no corruption?
Explain with examples from The Party.
Requirements:
Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.
1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
What is the capitalist system?It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
Find out more about capitalism here:
https://brainly.com/question/25879591
Suppose a firm using a functional design has an established goal of achieving 20% sales growth per year but performance has been only 10% per year. You decide to shift to a divisional structure. What kind of control are you utilizing
Based on the fact that the firm is now using a divisional structure, the control being utilized is Decentralized control.
What is decentralized control?This is a type of control that sees the different divisions and composite parts of a company being relatively independent.
This is seen in divisional structures where a company could divide itself based on products and projects. These divisions operate semi-autonomously from each other which makes it a decentralized structure.
Find out more on decentralized control at https://brainly.com/question/7203762.
Which of these is the best reason for Nina to monitor her bank account statements online or on her cell phone app?
to organize when to pay to bills
to determine the exact date she can retire
to ensure she's paying her fair share in taxes
to know how much money she has for budgeting
Answer:
"to know how much money she has for budgeting"
So the answer is: D
Explanation:
Took the test on edge, it's correct,
The best reason for Nina to monitor her bank account statements both online and on her cell phone is to know how much money she has for budgeting.
Why does Nina monitor her account statements?Nina engages in monitoring her account statements and her cell phone app because she needs to know the amount she has in her bank account.
This will let her know how well her budgeting is going which ensures that her financial goals are met.
Find out more on budgeting at https://brainly.com/question/24940564.
#SPJ2
Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
Maria has a total of $12,000 invested in two funds. the first fund pays simple interest at 6% per year and the other pays simple interest at 7% per year. if the funds earn a combined $817 in interest in one year, how much does she have invested in each fund?
Answer:
let a = 1st , and b = other
a + b = 12000
.06 a + .07 b = 817
Explanation:
According to the short-run phillips curve, a contractionary fiscal policy will result in:.
According to the short-run phillips curve, a contractionary fiscal policy will result in:
Inflation DecreasesUnemployment IncreasesWhat is Contractionary fiscal policy?Contractionary fiscal policy can be defined as a fiscal policy in which the money generated from tax is higher that the actual money spent.
Based on this with contractionary fiscal policy inflation which is the rise in price of goods and service will decrease while on the other hand unemployment rate will increase.
Inconclusion according to the short-run phillips curve, a contractionary fiscal policy will result in: Decrease in inflation.
Learn more about Contractionary fiscal policy here:https://brainly.com/question/1219603
When is it most beneficial and appropriate for a retailer to use a distribution center?.
The retailer can carry less inventory in each store thanks to distribution centres. Retailers' systemwide inventory investments are lowered as a result.
A distribution center is what?A warehouse or other specialised building that is stocked with goods to be redistributed to retailers, wholesalers, or directly to consumers is referred to as a distribution centre for a set of products. Distribution centres frequently have refrigeration or air conditioning. The order processing component of the entire order fulfilment process is handled by a distribution centre, which is a key component. The typical perception of distribution centres is that they are demand-driven. A warehouse, a distribution centre, a fulfilment centre, a cross-dock facility, a bulk break centre, and a package handling centre are additional names for this type of facility.
To know about distribution center visit :
https://brainly.com/question/14437147
#SPJ1
Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2022.
The journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
Sales of bondsSplish Brothers Inc journal entry
March 1,2022
Debit Cash $259,960
($268,000 × 97%)
Debit Discount on bonds payable $8,040
($268,000 × 3%)
Credit Bonds payable $268,000
(To record sales of bonds)
Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable $268,000.
Learn more about sales of bonds here:https://brainly.com/question/13958571
Which is a formatting characteristic of a full-block business letter?.
Answer:
In a full block business letter, every component of the letter heading, address, salutation, body, salutation, signature, identification, enclosures is aligned to the left. Also first sentences of paragraphs are not indented.
Explanation:
hope this helps
under what circumstances would it be efficient to impose a higher abatement standard for a psd region than for a non-attainment region
Impose a higher abatement standard for a PSD region if marginal social cost equals marginal social benefit at the higher abatement level in the PSD region.
What Are Marginal Social Costs and Benefits of Abatement?The marginal social cost of abatement is the change in society's total cost of reducing one more unit of pollution.
The marginal social benefit of abatement is the change in benefits associated with reducing one more unit of pollution.
Both the marginal social cost and benefit of abatement are considred as an incentive for the reduction of polluting emissions.
When imposing an abatement standard for a PSD region versus a non-attainment region, it would be more efficient to impose a higher abatement standard for the PSD region than for the non-attainment region if marginal social cost equals marginal social benefit at the PSD region's higher abatement level.
Learn more about an efficient distribution of pollution abatement here: https://brainly.com/question/15741532,
resources are what in quantity
resource may be defined as base quantity .
How many 90-day Eurodollar futures contracts should a bank purchase to hedge the roll-over of year, $5 million loan if loan rates and Eurodollar rates have the same volatility
The number of 90-day Eurodollar Futures Contracts that the bank should purchase to roll-over if the rates have the same volatility is 20 contracts.
How many Eurodollar futures contracts should the bank purchase?This can be found by the formula:
= (Loan amount x Period per year of loan ) / (Face value of futures contract x Period per year of futures contracts) x 1 because volatility is same
Solving gives:
= (5 million x 1) / (1 million x 3 / 12 months) x 1
= 5 million / 250,000 x 1
= 20 contracts
#SPJ1
Find out more on futures contracts at https://brainly.com/question/1193397.
Businesses use a number of methods to create a good picture of their customer base. This market research can help companies to validate their ________
Businesses use a number of methods to create a good picture of their customer base. This market research can help companies to validate their target marget.
What is a target market?This is a market for whom the goods that are being produced or the services rendered are aimed at.
They are the ones that would be the potential customers of the business that is being set up.
Read more on market research here: https://brainly.com/question/24906199
#SPJ1
A company should include using AI to increase productivity on which section of its balanced scorecard? Multiple Choice financial internal business customer innovation and learning
A company should include Innovation and Learning using AI to increase productivity on the Internal Process perspective of its balanced scorecard.
What is the Internal Process Perspective of the Balanced Scorecard?The internal process perspective section drives customer and finance-related objectives, especially dealing with:
Process improvementsQuality optimizationCapacity utilization.Thus, A company should include Innovation and Learning using AI to increase productivity on the Internal Process perspective of its balanced scorecard.
Learn more about the balanced scorecard at https://brainly.com/question/19259487
A company budgets sales of $800,000 for June. The company pays a sales manager a monthly salary of $4,000 and a commission of 8% of that months sales. Total selling expenses for the month of June equal: Multiple Choice $68,000. $64,000. $76,000. $60,000. $44,000.
A company budgets sales of $800,000 for June, then the total selling expenses for the month of June equal 68,000.
What is selling expenses?
The costs of marketing, administering, and selling a commodity are known as selling expenses.
They are one of three types of operating expenses that a company incurs. Administration and general expenses are the other type of expenses.
Computation of Total Selling Expenses:
According to the given information,
Sales for June = $800,000
Commission on sales = 8%
Salary payable to Sales manager = $4,000
Then the amount of commission on sales is:
[tex]\text{Commission}= \text{Sales} \times \text{Commission Rate}\\\\\text{Commission}= $800,000 \times \dfrac{8}{100}\\\\\text{Commission}= \$64,000[/tex]
Therefore, total selling expenses for the month of June are:
[tex]\text{Total Selling Expenses} =\text{Commission + Salary Payable}\\\\\text{Total Selling Expenses}= \$64,000+\$4, 000\\\\\text{Total Selling Expenses}= \$68,000[/tex]
Learn more about the selling expenses, refer to:
https://brainly.com/question/17283938
#SPJ1
Regional Freight LLC delivers a receipt issued by Storage Warehouse for goods stored in its facility to Transnational Inc., a buyer of the goods. This is
A warehouse receipt is the name of receipt that is delivered by Regional Freight LLC to Transnational Inc, which is issued by Storage Warehouse for goods stored in its facility.
What is a warehouse receipt?It is a document that in used in warehouse to guarantee the quantity/quality of a product being stored within their approved facility.
Therefore, this is the receipt that is delivered by Regional Freight LLC to Transnational Inc to prove the condition of the stored goods.
Read more about warehouse receipt
brainly.com/question/14642825
Describe an example of an equity investment that can also produce income. (1-3 sentences)
The most prevalent sort of equity income investing is stocks. Companies typically pay dividends to reward shareholders, attract investor money, and boost share prices when they have limited investment alternatives and extra cash.
If the supplier perceives a buyer-supplier relationship is in the desirable region on the purchaser-supplier satisfaction matrix, but there are problems, the supplier is most likely to:
If the supplier perceives a buyer-supplier relationship,but there are problems, the supplier is most likely to: share information to find a mutual solution.
What is a buyer supplier relationship?This is a relationship that exists between the organizations or the customers that buy a product and the people that are known to supply the product.
This relationship is known to be good because it allows for feedback between the parties.
Read more on business here: https://brainly.com/question/24553900
#SPJ1
To _____________ is to use the control function that evaluates business operations against some norm.
Budgetary control is the utilization of control function which evaluates business operations against some norm.
What is Budgetary control?Budgetary control can be describes as the financial term used in describing the managing income as well as expenditure.
Therefore, Budgetary control compares
actual income as well as expenditure to planned income.
learn more about Budgetary control at;
https://brainly.com/question/6663636
What type of living cost in the u. S. Rose a record 17 percent over the last year, as home prices and construction costs surged more than 19 percent?.
The living cost that has risen by 17% in the past year as a result of home prices rising is Rent.
How have prices changed?As the nation rebounds from the pandemic and is on a strong spending spree, home prices and construction costs have risen by more than 19%.
The result of this is that rent has increased by 17% in the past year as homeowners seek to recoup the cost of home construction.
In conclusion, the living cost of rent has risen by 17%.
Find out more on rising prices at https://brainly.com/question/17978107.
Economic activities that involve the extraction of natural resources, such as lumbering, fishing, mining, and agriculture, are called:.
The type of software that has qualities of both hardware and software is.
Answer:
Firmware shares qualities of both hardware and software in that it is software that hasbeen permanently embedded in hardware and typically cannot be copied or changed or evenreplaced.
Alec just received his Florida broker license. Assuming the Real Estate Recovery Fund balance is at $400,000, how much of his license fee went into the fund
The amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is $3.50.
The real estate license fee in Florida costs $83.75. This amount is paid to the Florida Real Estate Commission (FREC).
FREC is the government office regulating real estate education and licensure in Florida. FREC is under the supervision of the Florida Department of Business and Professional Regulation (DBPR).
License fees of $3.50 are imposed as soon as the Real Estate Recovery Fund drops below $500,000.
Thus, the amount of Alec's license fee that went into the Real Estate Recovery Fund, which just received his Florida broker license, is $3.50.
Learn more about real estate license fees at https://brainly.com/question/26067240
Which Information Systems (IS) career oversees integrating different technologies and systems within an organization
The Information Systems (IS) career that oversees integrating different technologies and systems within an organization is that of an IS manager
Who is a Manager?This is a person who is in charge of others in an organization and helps to integrate different aspects of work with the appropriate workers.
Hence. we can see that the Information Systems Manager is the person who is in charge of overseeing and integrating different technologies and systems within an organization
Read more about Information Systems here:
https://brainly.com/question/14688347
Pierre works at a fine dining restaurant. He wants to impress his special guests tonight by carving the lamb, which is the main course, in front of them. Before dinner service started he made sure that his ______ cart was stocked with utensils, linen, hot plates, a flare lamp, and accompaniments such as sauces and mustard
He made sure that the kitchen cart was stocked with necessary utensils, flare lamp, sauces, mustard etc.
What is a kitchen cart?This is a cart that is designed to serve an all-purpose storage and workspace for personal and business kitchen.
These cart usually a drawers, baskets, cabinets or hooks that will helop to hold utensils, towels, essentials etc.
Therefore, the word "kitchen cart" is correct.
Read more about kitchen cart
brainly.com/question/25312105
______ is a nonprofit organization that recruits and selects college graduates from universities to serve as teachers in low-income conditions.
The blank space in the task statement should be filled with; Teach for America.
Teach for America initiativeAs the name implies, Teach For America is a nonprofit organization whose stated objective is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational equity and excellence".
On this note, the nonprofit organization in discuss is; Teach for America.
Read more on nonprofit organizations;
https://brainly.com/question/26476622
A _____ identifies threats and opportunities in the external environment as well as organizational strengths and weaknesses .
A SWOT analysis identifies threats and opportunities in the external environment as well as organizational strengths and weaknesses .
What is a SWOT analysis?This is a study that an organization or a corporation would engage in just so theyt can identify their strengths as well as their weaknesses.
This is a strategic planning and management strategy that organizations use.
Read more on SWOT analysis here: https://brainly.com/question/25066799
what's the date today???
Answer:
April 18th, 2022? (Is that what you mean???)
Explanation:
I hope this helps! :)
Carrie made an initial investment of $50,000.the final value of her investment was $55,500.what was the roi?
Answer:
sorry i am not good with this subject i want to help but i cant sorry
Explanation:
