A free market system is based on

Your answer:

voluntary exchange

interaction of supply & demand

lack of profit motive

consumer sovereignty

In Techland, from 1980 to 2010, holding technology and human capital fixed, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real GDP per worker, from $40,000 to $80,000.

For-profit businesses and nonprofit organizations are similar in that they both what?

A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at the 5% level to determine if the self-reported sub-groups of asians are evenly distributed.

Gruber Corp. pays a constant $8.45 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. The required return on this stock is 13 percent. What is the current share price?

Nora was thinking about something else the day her teacher explained the difference between the words "between" and "among," so she has trouble using these two prepositions correctly.

The income statement for the Larkspur, Inc. for the month ended July 31 shows Service Revenue $17,120, Salaries and Wages Expense $9,470, Maintenance and Repairs Expense $3,430, and Income Tax Expense $1,060.

Farmer McDonald sells wheat to a broker in Kansas City, Missouri. Because the market for wheat is generally considered to be competitive, Mr. McDonald maximizes his profit by choosing a.

Andrew gillum experience

Problem 1 If a stock's P/E ratio is 12 at a time when earnings are $3 per year, what is the stock's current price? Problem 2 What should be the price for a common stock paying $6.

James and kay enter into a contract for the sale of a bicycle, but kay later refuses to deliver the goods. james asks a court to order kay to perform as promised. ordering a party to perform what was promised is