Country A has a mixed economy with free-market leanings. Country B has an absolute command economy. Both want to increase corn product exports. Which action would Country A most likely take that Country B would not? Artificially lower the price of corn Legislate higher production quotas Lower taxes on corn farming Impose stricter divisions of labor @satellite73

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Country A has a mixed economy with free-market leanings. Country B has an absolute command economy. Both want to increase corn product exports. Which action would Country A most likely take that Country B would not? Artificially lower the price of corn Legislate higher production quotas Lower taxes on corn farming Impose stricter divisions of labor @satellite73

Economics - Financial Markets
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What do you think it should be?
@Abhisar ummm.. u there?

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Yes, I am not very sure on this but I think since they need to increase corn exports they would have to to expand the production and hence legislating higher production quotas makes sense. Though I'll recommend you to cross check my answer with @satellite73
@satellite73 wat do u think?
i think C is a good choice
alright! i'll go with that then! @satellite73 thanks guys! @Abhisar
Which of the following is a potential benefit of inflation? Higher unemployment Higher prices Less government revenue More business profits @satellite73
Np :-)
123 are not benefits does is really say 'benefits"?
yeah lol potential benefit of inflation haha
i can only think of "more business profit" then since the others are not benefits and in any case "less government revenue" doesn't make sense here
so the answer is D?
that is my best guess
you have me out of my element here, but that is the only one of the four that can even be construed as a benefit
ok
ur right it is D
whew
Andy compares mattresses. A twin-sized NightSoft mattress at the large chain BuyRite costs $1,500. The BuyRite saleswoman tells Andy that the company's 24-hour customer service, free mattress cleaning, and 60-day return policies are the best in the business. A similar twin-sized model, the DarkNights mattress, at the small store Joe's Bed and Linens, costs $1,495. The salesman at Joe's tells Andy that this store offers a 30-day money-back guarantee, plus free delivery. Which of these is Andy experiencing? Non-price competition in a monopolistically competitive market Non-price competition in a purely competitive market Price competition in a monopolistically competitive market Price competition in a purely competitive market
it is definitely price competion since the prices are different
although not by much ...
so C or D?
i have no idea what a "monopolistic competitive market " is
a market structure in which many companies sell products that are similar but not identical
google to the rescue The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.
that looks like a winner
hha why thank u!
so the answer would be C right?
i would not bet my next months paycheck on it, but i would bet a beer
lol D? hahahahahaha
no i would to with C seems like a set up for that one
this topic is pure speculation it seems
makes me appreciate math even more
hahahahhaahhahaa lol im not supposed to be laughing this hard at 1 am lol stop it! xD
A political map of the world displaying the levels of human development index HDI per country. Countries with a very high HDI include the United States, Canada, most of Europe, Japan, Australia and some Pacific islands, and several South American countries, including Argentina and Chile. Countries with a high HDI are largely in Central and South America, Russia, and the Middle East. Medium HDI includes India, China, and most of Southeast Asia, North and South Africa, and a few small countries in South America. Low HDI includes the majority of Africa, island nations in the Caribbean and Pacific, and a few countries in Central America and South Asia. © Giro720 2011 Creative Commons Attribution-Share Alike 3.0 Unported Look at the chart displaying the human development index (HDI) worldwide, which is linked to a high standard of living. Based on what you know about developing and developed countries in the world, which sentence is correct? As HDI increases, so does a nation's level of development. A low HDI usually means that an economy is developed. The HDI varies less in countries below the equator than those above the equator. The HDI is highest in countries with command economies.
4 is out
2 is out
i am guessing, without looking at the chart, that it is A
https://www.google.com/search?q=human+development+index+2013&tbm=isch&imgil=8sAiIlDVjn4PSM%253A%253BB5jexDdyi9tk9M%253Bhttp%25253A%25252F%25252Fdrrajivdesaimd.com%25252F%25253Fp%2525253D5002&source=iu&pf=m&tbs=simg:CAESqQEapgELEKjU2AQaBAgBCAoMCxCwjKcIGmAKXggDEiiiCr4TowrLCNQCsRPVArATtROMCLg38T6lK5sp7z7uPvMi3CnmN5o5GjAbNzEgmINflduvvcp78VjsC3tfz5MwMS66D7HzD3MgtbOlSGcDjx5RcerlFnoY1lgMCxCOrv4IGgoKCAgBEgS19RLvDAsQne3BCRoUCgcKBWJyYW5kCgkKB2RpYWdyYW0M&fir=8sAiIlDVjn4PSM%253A%252CB5jexDdyi9tk9M%252C_&usg=__jCQyhDSggAQsbIlxIk-W7C3axnE%3D&biw=1600&bih=799&ved=0CD0Qyjc&ei=V35yVbWbLIigyASaj4PoDw#imgrc=8sAiIlDVjn4PSM%253A%3BB5jexDdyi9tk9M%3Bhttp%253A%252F%252Fdrrajivdesaimd.com%252Fwp-content%252Fuploads%252F2013%252F08%252Fhuman-development-index.jpg%3Bhttp%253A%252F%252Fdrrajivdesaimd.com%252F%253Fp%253D5002%3B585%3B357
the map is in the link
sorry it wouldnt let me save it.. so had to look it up
yeah just go with A and moveon.org
lol IF I FAIL THE CLASS I SUE U!
you can take all my assets
if i die of lack of sleep, i will sue you back
hahaha
Graph titled Quantity Demanded versus Price, with x axis labeled in 10 unit increments from 0 to 70. Y axis is labeled with prices 0 to 60 dollars, in increments of 10. A blue line starts at 5, 50 and drops at an angle down to 60, 10. © 2013 FLVS Kelen wants to open a toy store. He buys the leftover stock of a store going out of business. He opens the boxes and counts the toys. There are 10 Nnedi action figures, 25 Ramez action figures, and 60 Slimeball action figures. Based on the graph, how should he set his prices? Kelen should start with the same price for all action figures. Nnedi action figures should be $10, Ramez $35, and Slimeball $50. Nnedi action figures should be $42, Ramez $30, and Slimeball $10. Nnedi action figures should be $60, Ramez $35, and Slimeball $1.
@satellite73 idk why its not letting me save the images anymore..
jeez this looks like some kind of puzzle
take a screen shot and post it
ok go on u know who
nvm found the image
http://assets.openstudy.com/updates/attachments/53ac8081e4b02c45b014b0c9-shelbsdaye-1403814043778-0606_g1.jpg
i honestly don't see how that graph tells you how to price each item
is it C?
oooh i see, i think you just have to read the graph
whatever you have 10 of, price at $45
or $42 i guess
yeah this one Nnedi action figures should be $42, Ramez $30, and Slimeball $10.
YAAAYYY!!!!!
whew that was way way (way) easier than i thought i must me a genius
hahaha UR!! economics is ur new thing noww!!!
Given the data in the chart, over which country does the United States have a comparative advantage in oil production? Canada Russia Saudi Arabia Venezuela
http://assets.openstudy.com/updates/attachments/53e8d57ce4b01789aba281f6-asevilla5-1407768070070-0606_g18.jpg
i seriously doubt saudi arabia or venezuela, because they have oil out the wazoo chart would help
hahah the chart is in the link
i guess canada
did u see the link?
Auto Bull's-Eye offers a 10-minute oil change and 30-minute brake check. There are two technicians who perform each of these services. Next week, the shop is offering a discounted oil change. How might this affect the production possibilities curve for next week? The shop would decrease the brake-check price to eliminate scarcity. The shop would increase worker pay to make up for the opportunity cost of not doing brake checks. The shop would shift production to oil changes and away from brake checks. The shop would shift production to brake checks and away from oil changes.
this is like the forking sats
lol yup i HATE ECONOMICS!!! SO DUMB!
my guess The shop would shift production to oil changes and away from brake checks.
just by process of elimination the last one certainly doesn’t make sense
and neither do the first two
okay lol
4 minutes has increased to 6 not good
To protect consumers from potentially dangerous manufactured goods, the U.S. government is most likely to use which kind of trade barrier? License Quota Regulation Tariff
sorry sorry
not tarrif not quota
google
my guess is "regulation" but it might be license
someone says license.. but idk
ok go with that then
no nvm its regulation!!
ok good that is my first guess for sure
hahaa yeahhh
Adam Smith's quotation would most likely be used to defend which of the following policies? Higher taxation of corporate profits Less stringent regulation of commerce More subsidies for farmers Stricter restrictions against monopolies
...
Adam Smith wrote in The Wealth of Nations, Book II, Chapter 2, In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so. © 2013 FLVS Adam Smith's quotation would most likely be used to defend which of the following policies? Higher taxation of corporate profits Less stringent regulation of commerce More subsidies for farmers Stricter restrictions against monopolies
i would go with D because that is the one that restricts competition
tick tick tick...
FLVS??
sorry okay next one is this...
In 2011, Brazil had a GDP of $2.3 trillion and a per capita GDP of $11,800. A fifth of the population lived below the poverty line, and life expectancy was about 73 years. Which of these additional factors would most support the conclusion that Brazil is an emerging economy rather than a developing economy? A poorly educated workforce High social security costs Rapidly increasing exports Underdeveloped infrastructure
only C makes sense
well also maybe D...
A and B are out for sure
and if exports were INCREASING then it would seem to be emerging
okay so c or d?
i think c
go with C
if exports were increasing, it would be emerging
so u think c too right?
yes
ok
Tanya is opening a pie-making business. Buying all of the supplies and equipment has been expensive. What letter on the graph represents where Tanya is in the pie-making business? A B C D
...
http://assets.openstudy.com/updates/attachments/5459bfc0e4b04ccc259227a1-sunnycali-1415167985963-99.jpg
mr? mb?
whatt??
what is MR and MC?
i think mc is marginal cost but not sure wat mr is..
mr is marginal revenue i think...
not C guess and move on
or ask someone else, i totally don't understand that graph it has price and quantity on it as well, then a line and a curve
A?..
I would think it's point A because that's usually where the marginal cost (MC) curve starts for any business. The costs come down over some economy of scale and then they rise again. The smart thing to do is sell enough product when MC = MR. If you sell at a point where MC > MR, then you lose money per item sold
ok sounds reasonable
yayy!
staring out, losing money
A country withholds funding from any college or university that does not accept women at the same rate as men. This action reflects the broad economic goal of efficiency equity growth stability
equity is my guess but maybe i am thinking of "equality"
not efficiency not growth i would say equity
kayy!!
Entrepreneurs Howard Schultz James Cash Penney Margaret Hutchison Rousseau Jessica Jackley Choose two entrepreneurs from this list. In your answer, compare and contrast their achievements. Make sure to address the following questions: What did each person do? How did they achieve their goals? How did their efforts affect life today? Present your response in a clear, organized manner and cite specific examples.
move on, google these later and write up something i have never heard of any of them
this is an essay, i don't do essays (why i studied math to begin with)
that was the last one, or is there another?
no the essay was the last one :)
ok dear, you are really on your own with that one just google, it can't be that hard be brief
alright i will!! :) thank u sooo so so much for ur time!

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