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denis-greek [22]
2 years ago
6

In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.

Business
1 answer:
il63 [147K]2 years ago
6 0

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

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The supply function for good X is given by Q x s = 200 + 4P X - 3P Y - 5P W, where P X is the price of X, P Y is the price of go
MissTica

Answer: 1300

Explanation:

From the equation,

Qxs = 200 + 4Px - 3Py - 5Pw

where

Px = price of X = 500

Py = price of y = 250

Pw = price of input w = 30

Putting the figures back into the supply equation, we have:

Qxs = 200 + 4Px - 3Py - 5Pw

= 200 + 4(500) - 3(250) - 150

= 200 + 2000 - 750 -150

Qxs = 1300

8 0
2 years ago
Read 2 more answers
What is an example of a hard skill?
Amiraneli [1.4K]
The answer should be software programming
I hope this helps you!!!
3 0
2 years ago
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Kansas Plating Company reported a cost of goods manufactured of $260,000, with the firm's year-end balance sheet revealing work
eimsori [14]

Answer:

c) $5,000

Explanation:

Kansas Plating Company

Cost of Goods Manufactured.

DM used $40,000

Add Direct labor $70,000

Add Overhead $180,000

Total Manufacturing Costs 290,000

Work in Process Inventory

Add Begin. Inv. 5000

Avail. for mfg. 295,000

Less End. Inv. 3,500 0

Cost of goods mfg 260,000

As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.

5 0
2 years ago
Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c
AnnyKZ [126]

Answer:

The correct answer is letter "E": modular design.

Explanation:

Modular design is a type of approach by which a design is divided into independent components called modules that can be arranged among them creating different systems. The greatest advantage of modular design relies on customization since the modules can be easily upgraded or changed.

5 0
2 years ago
The small island nation of kaboom is a simple economy with no​ government, no​ taxes, and no imports or exports. kaboomers​ (cit
Luden [163]

HERE IS/ARE THE FULL QUESTION(S):

The small island nation of Kaboom is a simple economy with no​ government, no​ taxes, and no imports or exports. Kaboomers​ (citizens of​ Kaboom) are creatures of habit. They have a rule that everyone saves exactly 40 percent of income. Assume that planned investment is fixed and remains at 225 million Kaboomian dollars. Further assume that autonomous consumption​ (independent of​ Y) is​ zero, so consumption​ (C) is MPC times Upper YMPC×Y.

The following data are estimates for the island of​ Kaboom:

bullet• Real GNP​ (Y): 422 million Kaboomian dollars

bullet• Planned investment spending ​(I)​:225 million Kaboomian dollars

You are asked by the business editor of the Explosive Times​, the local​ newspaper, to predict the economic events of the next few months.

Based on the data​ given, you predict inventories will DECREASE and the level of real GNP will INCREASE.

Things will stop changing when SAVINGS EQUAL INVESTMENT.

Kaboom's economy will reach equilibrium when its real GNP​ = 563 MILLION Kaboomian dollars

6 0
2 years ago
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