Please, discuss 2-3 major advantages and disadvantages of both free market and the command way of running the cafeteria.

Answers

Answer 1

Answer:

Free Market

A free market economy promotes the production and sale of goods and services, with little to no control or involvement from any central government agency.

Explanation:

Advantage:

Absence of Red TapeFreedom to InnovateCustomers Drive Choices

Disadvantage

Limited Product RangesDangers of Profit MotiveMarket Failurescommand way of running the cafeteria.

There are advantages and disadvantages of running the cafeteria in either way. In the original example, the cafeteria is being run like a command economy. In this scenario, all students are looked after; the meals are cheaper because they are government subsidized, and the food is healthier because the students do not have as much of a say. Some disadvantages of this way of running the cafeteria include that the students are very dissatisfied with the school food, there are feelings of frustration because the principal won’t listen to the students’ requests, and the students have turned to a silent rebellion to voice their opinion. Running the school like a market economy also has advantages and disadvantages. The students are far more satisfied with their school food, and are pleased that their voice is listened to, however they are eating less healthy foods, and the lunch is more expensive because it is not government.


Related Questions

four reasons why Corona virus could be harmful to economic growth??​

Answers

Answer:

Employees have to be let go because social distancing is a thing

Businesses are not getting enough customers because of quarantine, which leads to them shutting down

Factories that supply stores are shut down to prevent spread in factory lines

For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability

How do you redeem a winning lottery ticket?

Answers

which state because different states have different ways

Briefly explain how the government uses taxation as a redistribution method

Answers

Answer:

The purpose of this is to increase economic stability.

como hacen las siclas para que uno no se caiga

Answers

con materials duro que aguantan bastante peso.

Answer:

lo que dijo thay

Explanation:

According to the Law of Supply, what's the result of an increase in the supply of workers for a job, if all other factors remain equal?


Question 12 options:




A:The wage rate will increase, since the pool of talented workers has increased.





B:The wage rate for that job will be pushed down.





C:The wage rate for that job will shift closer to the average rate in that country.





DThe wage rate will be unaffected, since jobs factor in skill and experience.

Answers

Answer:

Its A

Explanation:

i just took the test

Assuming all other conditions are equal, the outcome of a rise in the supply of workers for a job Due to the increase in the number of qualified people, wages will rise. Hence option A is correct.

What is Law of Supply ?

A key tenet of economic theory is the rule of supply, which asserts that an increase in price will result in an increase in the quantity supplied, all other things being equal.

In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way. This indicates that manufacturers are willing to increase production as a means of raising profits in order to sell more of a product on the market at higher prices.

The law of supply, to put it simply, is an association between quantity supplied and the supply curve's rising slope is caused by price and.

According to some heterodox economists like Steve Keen and Dirk Ehnts, the supply curve for mass-produced items is frequently downward-sloping: as production rises, unit prices fall, and vice versa, if demand is extremely low, unit prices rise.

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# SPJ 5

The following is the trial balance of kencho sales located in Tabs, Thimphu as on 31st December 2019.You are required to prepare financial statements as at 31st December 2019.​

Answers

Not sure but good luck

What is The Humane Society of North Central Florida's mission? *

Answers

Answer:

Our mission is to build an ecologically sustainable and humane world for all animals.

Explanation:

I hope it help u

What does the concept of scarcity explain? Choose three answers.

why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.

Answers

'Scarcity' is defined as the economic concept that refers to the situation of 'having finite resources and infinite demands.'

The concept of 'Scarcity' explains:

C). why consumers are willing to pay high prices for items.

D). why decisions must be made on how to use resources

F). why a single resource has more value than another resource.

The term 'scarcity' elaborates the causes of all the above-stated problems. Since the demand for produced goods, as well as, services is endless and the resources available to meet this demand are limited, there is an imbalance between the demand and supply. This leads to the hike in prices of the available goods so that one could afford to pay higher will take the good. This makes it important for deciding upon the efficient utilization of resources so that every individual's demand can be satisfied up to some extent.The single resources cost higher due to this reason only as it develops a competition among the buyers.

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Answer:

C, D, F

Explanation:

ASAP PLZ
What advantage does a corporation have over a sole proprietorship or a partnership?
(A) The business is responsible for its debt, not the people who own the business.
(B) It's not considered a separate legal entity from the people who own it.
(C) It's faster to establish and doesn't require the permission of the state or federal government.
(D) It's not subject to double-taxation, whereby the business income is taxed, and then the owners are taxed.

Answers

Answer:

it's faster to establish and doesn't require the permission of the state or federal government

Answer:

A

Explanation:

Shareholders in a corporation are not liable for corporate debts. ...

Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.

Answers

Answer:

D.

Explanation:

They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.

Which statement best describes total task chaining?
A. The steps of the behavior chain are taught one at a time, in the order outlined by the task analysis, starting with step one
B. The client is taught one step at a time beginning with the last step of the behavior chain.
C. All previous steps are complete for the student
D. The client is taught all steps of the behavior chain in order and assistance is provided for any step the client is not able to complete independently
E. The client is taught one step at a time starting with the step that is easiest for the client

Answers

I took the test the answer should be B

Private goods are not rival in consumption, but excludable. rival in consumption and excludable. rival in consumption, but not excludable. not rival in consumption and not excludable

Answers

Answer:

private goods—excludable and rival in consumption.

Explanation:

1) Private goods = excludable + rival in consumption (wheat/phone/parking space)

2) Public goods = non excludable + non rival in consumption (public sewer system/national defence/Scientific research.)

3) Common resources, non excludable + but rival in consumption (clean water in a river/clean air/fish in the ocean)

4) Club goods, excludable + but non rival in consumption (movies on Netflix/cinemas)

ANSWER NEEDED ASAP MULTIPLE CHOICE
What's the difference between the federal deficit and the national debt?
(A) Th federal deficit is the amount of money owed to the government by individual taxpayers, and the national debt is the amount of money owed to the government by other countries.
(B) The federal deficit refers to the gap between what the government earns and spends in a year, while the national debt is the total cumulative amount of money the government owes.
(C) The federal deficit refers to a situation in which the government brings in more than it spends, and the national debt refers to a situation in which the government spends more than is earns.
(D) The federal deficit is the total amount of money the government owes, and the national debt is the amount the country overspent in the last fiscal year.

Answers

B-The federal deficit tells you how much more money the government spent in a single year than it received in revenue. The national debt, on the other hand, is the cumulative amount of money that the federal government has borrowed to make up for all those deficits in previous years. Source: https://www.nytimes.com/2017/01/11/insider/whats-the-difference-between-the-national-debt-and-the-federal-deficit.amp.html

What is the rationale behind the optimal choice of the consumer?

Answers

According to rational choice theory, individuals use their self-interests to make choices that will provide them with the greatest benefit.

Any three reasons except politics on the recent looting of shops,malls and the destruction of business property in gauteng and kwazulu natal

Answers

Answer:

its because of stravation

Explanation:

because people did not have food to eat and they needed food

Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.

Answers

1). The four factors that would be involved in Fatima's bakery business would be:

Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

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Your business has conducted four market research surveys in the past year . The cost per survey is as follows : survey 1: $900 survey survey 2 : 1,200 survey 3: 1,500 survey 4: 1,700. What is the average cost of the market research surveys?

Answers

Answer:

$1325

Explanation:

[tex](900 + 1200 + 1500 + 1700) \div 4[/tex]

[tex] = 5300 \div 4[/tex]

[tex] = 1325[/tex]

ASAP ANSWER PLEASEEEE
What did professor Arbiter mean by the statement that the company's objective was "profit, not price"?

Answers

I’m not confident with my answer, but maybe that the company should focus on bringing in profit rather than focusing too much on price. However, price selection is also important to bring in profit.

Jacob, the owner of Unicorn Systems, wants to inform employees that they will receive a twenty percent salary cut to help the company survive a recession. If Jacob communicates this bad message in an honest and an open manner, it will likely
A. enhance Jacob's credibility.
B. undermine Jacob's character.
C. increase the negative impact of the bad news on employees.
D. signify that Jacob is incompetent in challenging situations.
E. damage the company's chances of long-term success.

Answers

A. Enhance Jacob’s credibility

d) How is planning dane? Why is it important​

Answers

Answer:

The plan consists of two equal parts, the Dane County Comprehensive Plan and the individual Town Plans created and adopted at the local level.

Explanation:

County Comprehensive Plan

Integrates mutliple county level plans into a framework planning document.

Town Comprehensive Plans

Each town has it's own comprehensive plan that is then adopted by Dane County.

We assist Dane County residents, communities and decision-makers in addressing short-range and long-range comprehensive planning issues related to community and regional development, transportation, environmental resources, community services, housing, and economic development. Provide technical assistance to the County on corporate planning, and assist in the coordination of programs.

Answer:

planning is done for being perfect in specific work without any mistakes and without getting any loss.

A company currently makes a component used in production. The per unit costs incurred to make the component include: Direct materials: $5; Direct labor: $2; Overhead: $4; Total cost: $11. Twenty-five percent of the overhead costs are considered incremental. The company can purchase the component from another source for $10. The company should do which of the following?
A. The company should make the components because incremental costs are $2 less than the purchase price.
B. The company should buy the components to save $2 per unit.
C. The company should buy the components to save $1 per unit.
D. The company can be indifferent because incremental costs are $10 and the purchase price is $10.

Answers

https://www.chegg.com/homework-help/questions-and-answers/company-currently-makes-component-used-production-per-unit-costs-incurred-make-component-i-q49683846

sick leave programs Sick leave programsA) must be provided by all employers according to the law.B) are based solely on the age of employees.C) pay employees for days not worked due to illness.D) are mandatory forms of unpaid leave.E) are forms of floating holidays.

Answers

Answer:

A

Explanation:

Paid sick leave allows workers to keep their jobs and increases worker loyalty. ... Paid sick leave increases worker productivity by allowing workers to be absent, recover at home, seek medical help in time, and then return to work being more productive.

List the basic elements of business plan

Answers

Answer:

Company Description

Market Analysis

Competitive Analysis

Marketing Plan

Sales Strategy

Explanation:

Mark me the brainliest if it helped

A network externality is the effect that an additional user of a good or participant in an activity has on the value of that good or activity for others. a direct effect on an economic decision maker. an indirect effect on an economic decision maker. an uncompensated effect on someone other than the person who caused it.

Answers

Answer:

I don’t know

Explanation:

I don’t know

identify business equipment or resources required to complete task under direct instruction?​

Answers

Answer:

Explanation:

Estimate quantities and resources correctly to.

Which of the following is NOT a function of the Federal Reserve?

To promote stability of the financial system.

To collect taxes from taxpayers.

To conduct monetary policy.

To provide banking services to commercial banks.

To provide banking services to the federal government.

Answers

Answer:

To collect taxes from taxpayers

Which of the following is not an example of
institutional consumers?

Answers

Answer:

which of the following but where are the following broo

FCCLA's mission is: to promote personal growth and _______ ________ through family and consumer sciences education.​​

Answers

Answer:

FCCLA's mission is:to promote personal growth and leadership development through family and consumer sciences education.

The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the job, and the other setting forth the minimal education and skills required to do the job. specification description analysis assessment

Answers

Answer:

The word "Analysis" would most likely fit the statement.

Explanation:

The job analysis results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.

15. Which one of the following statements is true? A. The maintenance margin is the amount of money you post with your broker when you buy or sell a futures contract. B. If the value of the margin account falls below the maintenance-margin requirement, the holder of the contract will receive a margin call. C. A margin deposit can only be met with cash. D. All futures contracts require the same margin deposit. E. The maintenance margin is set by the producer of the underlying asset.

Answers

Answer:

b because it kinds of relate 2 agreeing 2 buy or sell a pacific amount of sum

Explanation:

B- The value if it falls below the maintenance-margin requirement, the holder of the margin receives a margin call and ultimately becomes liable to pay such sum to proceed further.

The margin trade funding is a system used by the discount brokers to facilitate its clients to trade with a gradually less amount of funds in the balance with the broker.

The client however is required to pay certain fees to avail such facilities offered by the discount broker on the trade of futures and options in the stock market.

But the statement that securities investments are subject to market risks and the money can be zeroed essentially so trades are only advisable to be undertaken by the trader in future securities.

When the margin of account holder falls below the allotted margin i.e., it becomes negative then in such cases the trader is liable to bear the losses realized due to such trades.

Hence, the correct option is B that the trader will be liable to receive a margin call and pay any such dues arising out of it.

To know more about brokerage, please click the link below.

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