What is an economy in which the government makes the decisions of goods production?

What is an economy in which the government makes the decisions of goods production?
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In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and supply forces in the market (3) the private-sector takes all the decisions for price-determination of various commodities produced (4) the Government controls the allocation of all the factors of production

Description : In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and ... of various commodities produced (4) the Government controls the allocation of all the factors of production

Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market

. If the actual rate of unemployment exceeds to natural rate of unemployment then: A. Actual output of the economy will fall below its potential B. Production will increase more than potential C. Consumption of goods decreases D. Both (a) and (c) above.

Description : . If the actual rate of unemployment exceeds to natural rate of unemployment then: A. Actual output of the economy will fall below its potential B. Production will increase more than potential C. Consumption of goods decreases D. Both (a) and (c) above.

Last Answer : D. Both

If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.

Description : If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.

Last Answer : (d) Both (a) and (c) above.

Which of these statement is true about production possibility curve (PPC/PPF) (a) It shows various combinations of two goods which yield same level of satisfaction (b) It shows various combination of two goods which an economy can produce with a given amount of resources (c) It shows various combination of two goods which an economy can produce with a given budget (d) It shows various combination of two goods which an economy can produce with a given time

Description : Which of these statement is true about production possibility curve (PPC/PPF) (a) It shows various combinations of two goods which yield same level of satisfaction (b) It shows various combination of two ... (d) It shows various combination of two goods which an economy can produce with a given time

Last Answer : (b) It shows various combination of two goods which an economy can produce with a given amount of resources

Consumer's sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer's expenditures influence the allocation of resources. (4) consumer goods are free from government control,

Description : Consumer's sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer's expenditures influence the allocation of resources. (4) consumer goods are free from government control,

Last Answer : (1) consumers are free to spend their income as they like. Explanation: Consumer sovereignty means that buyers ultimately determine which goods and services remain in production. In unrestricted markets, ... to motivate producers. So ultimately it means how the consumers want to spend their incomes.

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Description : The goods and the services produced, priced and distributed by the government is ___. A. Market economy. B. Secular economy. C. Command economy. D. Mixed economy.

Last Answer : C. Command economy.

Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

Description : Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

Last Answer :  consumers are free to spend their income as they like.

People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?

Last Answer : c

Which of these assumptions is not associated with strategies for goods-producing location decisions? a. most major costs can be identified dentified explicitly explicitly for each site b. focus on identifiable identifiable cost c. high customer contact issues are critical d. intangible intangible costs can be evaluated e. location location is a major determinant determinant of cost

Description : Which of these assumptions is not associated with strategies for goods-producing location decisions? a. most major costs can be identified dentified explicitly explicitly for each site b. focus on ... intangible costs can be evaluated e. location location is a major determinant determinant of cost

Last Answer : c. high customer contact issues are critical

Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Description : Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.

Last Answer : C)complexity and variability.

Mention the various measures taken by the government to boost the production of jute goods. -SST 10th

Description : Mention the various measures taken by the government to boost the production of jute goods. -SST 10th

Last Answer : Various steps taken by the government to boost the production of Jute are: (i) In 2005, National Jute Policy was formulated with the objective of increasing productivity. (ii) Improvement of quality. (iii) Ensuring good prices to the jute farmers and enhancing the yield per hectare.

A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Description : A Free Trade Zone is an area 1. where goods are traded free of cost 2. where goods are traded through barter 3. where there are no customs duties 4. where government controls production and distribution 5. None of these

Last Answer : where there are no customs duties

Buying goods and services for further processing or for use in the production process refer to which of the following markets? A Consumer markets B. Government markets C. Business markets D. International markets

Description : Buying goods and services for further processing or for use in the production process refer to which of the following markets? A Consumer markets B. Government markets C. Business markets D. International markets

Last Answer : C. Business markets

The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention

Description : The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention

Last Answer : (c) Relative prices and availability of factors of production

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Last Answer : : a) Minimal government intervention in trade and minimum regulations

How did the decisions of this board affect production in the US during the war?

Description : How did the decisions of this board affect production in the US during the war?

Last Answer : Feel Free to Answer

A firm is dependent on which of these to help it make decisions about production?

Description : A firm is dependent on which of these to help it make decisions about production?

Last Answer : consumer taste

A firm is dependent on which of these to help it make decisions about production?

Description : A firm is dependent on which of these to help it make decisions about production?

Last Answer : consumer taste

Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options

Description : Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options

Last Answer : None of these options

Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options

Description : Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options

Last Answer : None of these options

What is the most important element that ensures the accuracy of the Proformas reports? a. Production capacity b. Marketing sales forecasts c. R & D decisions d. Financial decisions e. All of the above

Description : What is the most important element that ensures the accuracy of the Proformas reports? a. Production capacity b. Marketing sales forecasts c. R & D decisions d. Financial decisions e. All of the above

Last Answer : b. Marketing sales forecasts

Your team will make decisions for a. Marketing. b. Finance. c. Human Resources. d. Production. e. all of the above.

Description : Your team will make decisions for a. Marketing. b. Finance. c. Human Resources. d. Production. e. all of the above.

Last Answer : e. all of the above.

Who makes economic decisions for Russia?

Description : Who makes economic decisions for Russia?

Last Answer : Putin does. He is the current dictator of Russia. It is still acommunist country.

Which part of the Central Processing Unit (CPU) performs calculation and makes decisions: (A) Arithmetic Logic Unit (B) Alternating Logic Unit (C) Alternate Local Unit (D) American Logic Unit

Description : Which part of the Central Processing Unit (CPU) performs calculation and makes decisions: (A) Arithmetic Logic Unit (B) Alternating Logic Unit (C) Alternate Local Unit (D) American Logic Unit

Last Answer : (A) Arithmetic Logic Unit

Why does the government typically make such utterly stupid decisions?

Description : Why does the government typically make such utterly stupid decisions?

Last Answer : Law suits.

How do members of the society influence government decisions?

Description : How do members of the society influence government decisions?

Last Answer : Feel Free to Answer

What government allows the people to vote on all decisions?

Description : What government allows the people to vote on all decisions?

Last Answer : What is the answer ?

People of Ancient Greece made decisions directly in the government. They were allowed to discuss and vote on every issue. This is different than the U.S. democracy because?

Description : People of Ancient Greece made decisions directly in the government. They were allowed to discuss and vote on every issue. This is different than the U.S. democracy because?

Last Answer : people in the U.S. elect others to represent them.

Besides representation, the Parliament of India is also a deliberative body with diverse functions. Which one among the following is not a function of the Parliament of India? (1) Ventilating the grievances of the people (2) Executing major policy decisions (3) Holding the government accountable for its actions and expenditure (4) Amending the Constitution

Description : Besides representation, the Parliament of India is also a deliberative body with diverse functions. Which one among the following is not a function of the Parliament of India? (1) Ventilating ... (3) Holding the government accountable for its actions and expenditure (4) Amending the Constitution

Last Answer : (2) Executing major policy decisions Explanation: Our Parliamentary system blends the legislative and the executive organs of the State in as much as the executive power is wielded by a group of Members of the Legislature who command majority in the Lok Sabha.

)Life Cycle Costing is a term that is: 1. used when making decisions between alternatives 2. employed principally by the government3. typically used in the construction industry 4. not used within the government 5. A and B

Description : )Life Cycle Costing is a term that is:  1. used when making decisions between alternatives  2. employed principally by the government 3. typically used in the construction industry  4. not used within the government  5. A and B

Last Answer : 5. A and B

Location decisions Location decisions should consi should consider all der all of the followi he following except ng except a. Product cost b. Access to markets Access to markets c. Access to labour skills d. Local government government tax incentives

Description : Location decisions Location decisions should consi should consider all der all of the followi he following except ng except a. Product cost b. Access to markets Access to markets c. Access to labour skills d. Local government government tax incentives

Last Answer : a. Product cost

What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above

Description : What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above

Last Answer : D. All of the above

In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Description : In your opinion, what is better for the economy: cheap consumer goods or having a lot of decent jobs available?

Last Answer : answer:Without a job, even cheap consumer goods may be unobtainable. With a job, you may be able to buy consumer goods that don't break. That said, if you have a lot of desperate labor around, ... even more profit. So there's really no incentive to change it to benefit the little guy anytime soon.

In a pure market economy who determines which goods and services are produced and in what quantities?

Description : In a pure market economy who determines which goods and services are produced and in what quantities?

Last Answer : Need answer

Why do firms produce goods and services in a market economy?

Description : Why do firms produce goods and services in a market economy?

Last Answer : Feel Free to Answer

Which ideas favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?

Description : Which ideas favored public works projects because they put money into the hands of consumers who would buy more goods and stimulate the economy?

Last Answer : Social security was the favored public works projects that put money into the hands of consumers who would buy more goods and stimulate the economy.

Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : (3) closed economy Explanation: An economy that does not interact with the economy of any other country is known as closed economy. A closed economy is selfsufficient, meaning no imports are brought in ... It is the opposite of an open economy, in which a country conducts trade with outside regions.

State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Description : State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Last Answer : (2) the extent of inflation in the prices of consumer goods Explanation: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households ... , pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.

Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Description : Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer : (2) final goods and services produced in the economy Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied ... (including income of those located abroad), minus income of non-residents located in that country.

Caveat Emptor means 1. an economy where the emperor/ ruler governs the rate at which money is lent 2. means that buyer is responsible for the quality of the goods he buys 3. person in charge of a meeting 4. 1 or 2 5. None of these

Description : Caveat Emptor means 1. an economy where the emperor/ ruler governs the rate at which money is lent 2. means that buyer is responsible for the quality of the goods he buys 3. person in charge of a meeting 4. 1 or 2 5. None of these

Last Answer : means that buyer is responsible for the quality of the goods he buys

What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment

Last Answer : B. The total domestic and foreign output claimed by residents of the country

Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world’s largest. (C) The US economy is shaped by the country’s huge natural resources, well developed infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Description : Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world's largest. (C) The US economy is shaped by the country's ... infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Last Answer : (D) The USA is the largest exporter and importer of goods in the world. 

GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Description : GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) ... during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

Last Answer : (a) The market value of all goods and services produced in the domestic economy during the year ; 

State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Description : State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy

Last Answer : the extent of inflation in the prices of consumer goods

An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : closed economy

Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Description : Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy

Last Answer :  final goods and services produced in the economy

The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in limiting imports (c). shows how effective a tariff is in raising revenue for the government (d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Description : The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in ... in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Last Answer : d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Name one important centre each for the production of the following : (i) Tractors (ii) Electronic goods (iii) Petro chemicals. -Geography

Description : Name one important centre each for the production of the following : (i) Tractors (ii) Electronic goods (iii) Petro chemicals. -Geography

Last Answer : (i) Tractors: Faridabad (Haryana) (ii) Electronic Goods: Hyderabad (Andhra Pradesh) (iii) Petro Chemicals : Vadodara.

How did the Indian merchants control the goods production for exports? -SST 10th

Description : How did the Indian merchants control the goods production for exports? -SST 10th

Last Answer : . A variety of Indian merchants and bankers were involved in the network of export trade, financing production, carrying goods and supplying to the exporters. . Supply merchants linked the ... had brokers who negotiated the price and bought goods from the supply merchants operating inland.