Answered: 4. In a capitalist market economy, the…

4. In a capitalist market economy, the decision to save is made by the same people who make the major investment decisions

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: 3. A layperson says that a proposed government project simply costs too much and therefore shouldn’t…

A: Answer - "Thank you for submitting the question.But, we are authorized to solve one question at a…

Q: One of the lessons of economics is that “there is no such thing as a free lunch.” This means that…

A: Trade-offs are everywhere in the Economy because all the resources are limited in quantity and wants…

Q: 1.Give an example of some actionthat has both a monetary and non monetary opportunity? 2.describe…

A: Trade-off is a situation in which quantity of some goods are given up in order to gain quantities of…

Q: 1. According to Paul Hawkins, why is it no longer plausible for corporations to pursue the maxim…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: n financial markets, savers can directly provide funds to borrowers. Select one: a. Fales. b. True.

A: Financial Market: It broadly refers to any marketplace where the securities are traded, among one…

Q: Explain positive and normative statement with examples for each?

A: Economics is the study of behavior of humans considering the use of scarce or limited availability…

Q: Beth has an absolute advantage in the production of barley, and Andrew has an absolute advantage in…

A: Answer: Absolute advantage: Absolute advantage refers to the capacity of a person, firm, and region…

Q: Your opportunity cost of going to a movie isa. the price of the ticket.b. the price of the ticket…

A: Opportunity costs are the costs incurred when choosing next best alternative

Q: For each of the following scenarios indicate who is the 'producer' and who is the 'consumer' a.…

A: Producer refers to that entity,firm or individual which produces goods for purpose of sales.For…

Q: ________ can predict the Impact of an economic event on economic choices..

A: According to the given question The events which can be initially measured in the terms of money or…

Q: Question 3 Mr. Richie was a wealthy business man. He had two children, Janet nd Jackson. Richie has…

A: The Edgeworth Box is a basic diagram used in economics to visualize how resources or goods could be…

Q: 2. A decision at the margin Jake is a hard-working college sophomore. One Tuesday, he decides to…

A: All businesses and individuals aim to maximize their utility when making marginal decisions. They…

Q: Define market value. How do you differentiate it fromintrinsic value?

A: Market value is the value of a good which is determined by market forces ie demand and supply. It is…

Question

4. In a capitalist market economy, the decision to save is made by the same people who make the major
investment decisions

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Which statement best describes how scarcity is an important part of business ecobomics
A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they dont like the taste. From an economic perspective, the company should keep the hamburger on the menu because they have spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.
25. What are the four factors of production? a. b. C. d.
2
True/False The resources used to make all goods and services are called factors of production
1. When starting a business, many people do not see the value of a business plan. They have an idea and then they basically open the doors. What do you see as the purpose and value of a business plan? Although each aspect of a business plan is important, if you had to determine which one is the most important, which one would you choose and why? Finally, how important is ethics that it be incorporated into a business plan?
Relate why economic profits occur and how profits, along with losses, allocate resources among alternative uses.
1. According to Paul Hawkins, why is it no longer plausible for corporations to pursue the maxim that the business of business is business? 2. What must be done by corporations, government, and individuals to create a sustainable economy? 3. How would the adoption of sustainable measures benefit business and society?
what you see as "your" strengths and shortcomings for becoming a social entrepreneur.This is again evaluating your personal strengths and shortcomings.
7. What is scarcity? In market economies, what determines the distribution of scarce goods and resources?
Questions 8-9
A system can be interpreted as a collection of objects such as people, resources, concepts, and procedures that are intended to perform certain functions or fulfill a purpose as shown drawing enclosed. The picture above illustrates how the system and its environment are in a unified whole.Based on this explanation, design 2 types of systems consisting of the components in the image taken in your current field of work.Give an explanation of how the mechanism of action of the system!