Discuss the differences in allocative efficiency between a capitalist and a socialist economic system as they relate to the price mechanism in each system.

Answers

Answer 1

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

Discuss the differences in allocative efficiency between a capitalist and a socialist economic system as they relate to the price mechanism in each system.

In Capitalism, allocative efficiency can be understood as the correct distribution of all the products, taking into consideration the preference of consumers. The allocative efficiency requires the price to be the same as the marginal cost of production.

On the other hand, in Socialism, it is the state the one that owns the means of production. There is no competence between companies, as is the case of Capitalism. It is the state the one that says what to produce when to produce, the number of products being produced, and the price.


Related Questions

This event led to the improvement of safety within factories

Answers

Answer:

The Triangle Shirtwaist Fire

Explanation:

The Triangle Shirtwaist Fire was the deadliest industrial disaster in US history. It occurred on March, 25th, 1911. The biggest problem was that owners locked fire escape doors, and many people were trapped in the building, trying to jump from it, but dying in the process. The building was very tall, and the ladders were not long enough to reach the top floor. People on the highest floors could not be saved by the firefighters. There were nearly 150 dead.

What was the key to the changes that were the aftermath of the fire is that workers tried to improve conditions beforehand. Even the question of the locked fire exits was raised.

After the fire and the scandals that broke out, the protection laws were made – thirty-eight of them for the labor in New York state. Fire-prevention legislation was introduced, followed by inspection of the workplace and safety and formation of the American Society of Safety Professionals.

How was Aryan society organized?
People were born into strict social classes
People were able to move among social classes
People were able to select the jobs they wanted
People were all treated equally no matter what job

Answers

Answer:

a

Explanation:

Answer:

a

Explanation:

What happened to the colonsts that lived out In the west?​
fast answer pls

Answers

They settled. What do you think? Thats a pretty simple answer.



b) Why is the population not equal in all places? Give reasons

Answers

Answer:

The main factors responsible for unequal distribution of the world population are as under: In many parts of the world, the density of population is high while in others it is very low.

Explanation:

plez help 20 points plzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Answers

Answer:

d

Explanation:

because its asking which one is not true and a,b,c are ways to cool off which is not asking for so yeah hope this helps :)

The right to regulate public schools is reserved for _______________.

Answers

Answer:

the states

Explanation:

The right to regulate public schools is reserved for

What cognitive changes support the transition to a self-concept emphasizing competencies, personality traits, and social comparisons

Answers

Answer:

Child development

Explanation:

Julieanne has experienced severe depressive and hypomanic episodes for the last three years. The episodes don't qualify for a diagnosis of bipolar I, II, or cyclothymia. What diagnosis is probably most correct for Julieanne?
A. Bipolar I.
B. Bipolar II.
C. Cyclothymia.
D. Bipolar disorder NOS.

Answers

Answer:

D.

Explanation:

Bipolar disorder Not Otherwise Specified (NOS) can be defined as a criteria of bipolar disorder in a person that shows some symptoms of bipolar disorder and does not meet all the specifications to be classified as a disorder. This term is interchangeably used with mixed bipolar.

In the given instance, Julieanne, whose disorder is not able to qualify the specifications for a diagnosis of bipolar I, II, or cyclothymia is likely to be diagnosed as Bipolar disorder NOS.

Therefore, the correct answer is option D.

Frases con qcsrueenrreprovanavsevauoriipiyaqena

Answers

Answer:

ok

Explanation:

Commerce was a key mode of exchange between which of the following pairs of political entities?
А
The Mayan Empire and the Song dynasty
Ghana and the Mongol Empire
с
Japan and the Byzantine Empire
D
The Crusader states and the Fatimid caliphate
E
Venice and the Aztec Empire

Answers

Answer:

D. The crusader states and the Fatimid caliphate.

Explanation:

During the first crusade, they were trying to take Jerusalem back from Islam. The crusaders were bound to meet with someone of the islamic states.

Commerce was extensively used by the D . The Crusader states and the Fatimid caliphate as a mode of exchange.

The Crusader states of the Levant were quite geographically close to the Fatimad Caliphate and so this allowed them to engage in trade with one another regardless of their religious differences.

Other options are wrong because:

Mayan empire and the Song dynasty of China were simply too far apart Japan did not trade with the Byzantines Venice did not trade with the Aztec empire as America had not been rediscovered when Venice was a trading empire.

In conclusion, the Crusader states and the Fatimad caliphate traded amongst themselves.

Find out more at https://brainly.com/question/6247481.

What is the topic sentence of the article "Rapper 21 Savage arrested for living in US with expired visa"?

Answers

money protocols.......

PLS PLS PLS HELP!!!!!!
One reason Hammurabi's Code is famous is that...
A. It was the first set of laws to be recorded in writing
B. It was written in a sophisticated code that took years for scholars to translate
C. It was beautifully written on a single, giant stone of polished black basalt
D. It was the first set of laws to rhyme, probably to help people remember them

Answers

Answer:

Answer is A Trust me I was a tryhard in middle school

Explanation:

The answer fam is........... C. It was beautifully written on a single, giant stone of polished black basalt

Why is Saul a significant leader in the history of the Hebrew people?
Saul was a Hebrew judge who helped rule the tribes.
O Saul united the 12 Hebrew tribes into the Kingdom of Israel.
O Saul was responsible for the construction of Israeli temples.
O Saul led the Hebrew tribes out of the desert and into Canaan.

Answers

I think it was because Saul helped rule tribes as he had been king at some point(I may be wrong though)
Hebrew is a big culture .
Takes lots of practice

who won the chinese and civil war between communists and nationalists?

Answers

Answer:

The Chinese Civil War describes the struggle between Guomindang Nationalists and the Chinese Communist Party (CCP) for control of China. It ended with the flight of Jiang Jieshi to Taiwan, victory to Mao Zedong and the CCP and the formation of the People’s Republic of China.

Explanation:

:)

Answer:

The Communists

Explanation:

The Communists gained the advantage. They convinced many people in rural China to revolt. This helped them push the Nationalists south. The Communist Party set up its own government in 1949.

While studying how objects change motion when they run into each other, Isaac Newton discovered that the force of an object’s impact equals the object’s mass multiplied by its acceleration.

He could not explain why this is, but it was clearly true to anyone else who conducted experiments, and it remains just as true today.

Is Newton’s statement a law or a theory?

1. It is a theory because it developed and changed over time as new technology provided new observations.
2. It is a theory because it is a statement of fact that does not need any more experimental support.
3. It is a law because it developed and changed over time as new technology provided new observations.
4. It is a law because it is a statement of fact that does not need any more e


PLS HELPPPPPPPPPPPPPP!

Answers

Answer:

probably A but its now seen as a law not a theory

Explanation:

i would look at the flashcards on a quizlet if there is one when you press it you can tend to find the anwser to ur questions

During the period between the end of the Revolution and the period of
Napoleon's rule, France was governed by
The Senate
The Directory
The Committee of Public Safety
The Estates General

Answers

the correct answer is the directory !
The Directory hope this helps ;)

During the Persian War, what two city states came together to defeat the
empire of Persia?

Answers

Answer:

The Greco-Persian Wars (also often called the Persian Wars) were a series of conflicts between the Achaemenid Empire and Greek city-states that started in 499 BC and lasted until 449 BC.

Combatants: Achaemenid Empire, Sparta

Includes event: Ionian Revolt, Battle of Marathon

Explanation:

I hope it helps sister.

Answer: Achaemenid Empire, Sparta

Explanation:The Greco-Persian Wars (also often called the Persian Wars) were a series of conflicts between the Achaemenid Empire and Greek city-states that started in 499 BC and lasted until 449 BC.

Why is some radiation dangerous while other radiation isn't

Answers

Answer:

Because some radiation can hurt your body. For example sun radiation, it can cause skin cancer and hurt you. Other radiation doesn't hurt you because it might have low-energy photons. The higher the energy, the stronger the radiation is.

Which of the following statements accurately describe the role of slaves in ancient Egypt?
(Choose 2)
A Many could earn their freedom over time.
B They could never earn their freedom.
C They received a plot of land to farm from the pharaoh.
D They were often prisoners of war.
E They kept the records of Egyptian life.

Answers

Answer:

It's either A or D. I learned this stuff in middle school but I'm not 100% sure

Which of the following products of China moved on the overland trade routes to Europe during the Middle Ages?
А
silk and porcelain
B
rice and silk
С
porcelain and paper
D paper and gunpowder

Answers

Answer: I think it’s A Silk and Porcelain

Explanation:

The commodities were conveyed by caravans the full length of the road during the Middle Ages, further explained in the following paragraph.

What was the trade route for commodities from China to Europe?

The commodities were conveyed by caravans the full length of the road during the Middle Ages.

The Silk Road was one of the most important trading routes in the Middle Ages. East Asia and Southeast Asia were connected to South Asia, Persia, the Arabian Peninsula, East Africa, and Southern Europe via this network of trade routes.

Learn more about trade routes from China to Europe here:

https://brainly.com/question/20074903

#SPJ2

Explain why Logic and Critical Thinking are important in your life as a student and as a future professional?​

Answers

Answer: Logic and critical thinking are two important process in life

Explanation: Logic is related to reasoning and critical thinking tends to evaluate each thing to identify if is true or false or if it makes sense or not. In everyday life, you need to be able to know if the things you are doing or saying are things with sense, are things you are learning and that are things that go accordingly to reality. As a student, you need logic and critical thinking to understand what you are learning and be able to identify if that knowledge can be part of the abilities you need in life. As a future professional you need logic and critical thinking to know how to apply the knowledge.

Study the image above. Which of the following should you place on the line labeled "F?" Judicial Executive Supremacy Legislative

Answers

The answer is the Judicial Branch

What were some poor working conditions employees dealt with?

Answers

Answer:

having water everywhere

Answer:

The conditions in some early workplaces were terrible.

Explanation:

They were dirty, dangerous and the workers were poorly paid. There is many examples of dangerous work places or sweatshops. Workers in thread factories were mostly young girls working because there families were poor and they had to cut there hair so it would not get sucked into the machine and rip of there scalp. They were paid little and they had to work fast and carefully to load the bobbins onto the thread machines.

Willll some one please help meeee I'm running out of time

Answers

Answer:

1st one is third answer

Explanation:

What role is the President acting in when he orders the Attorney General to investigate allegations of election fraud?

Answers

Answer:

He is acting as Chief Administrator.

Explanation:

As Chief Administrator, it's the President's job to run and manage the executive branch. He appoints judges, federal officials, and cabinet members.

TIME REMAINING 40:31 The Executive Office of the President is led by the vice president. the secretary of state. the chief of staff. the cabinet.

Answers

Answer:

The Chief of Staff

Explanation:

The Executive Office of the President is led by the chief of staff. Thus, the correct option is C.

What is chief of staff?

The title chief of staff designates the head of a large or complex organization, such as the armed forces, an institution, or a group of people.

It may also designate a principal staff officer, who oversees the supporting staff or serves as the main aide-de-camp to a president, senior military officer, or other influential person.

A chief of staff typically acts as a barrier between the direct reporting team of a chief executive and that CEO. Chiefs of staff frequently serve as the chief executive's confidant and counselor.

Before matters are presented to the chief executive, the chief of staff typically works behind the scenes to resolve conflicts, negotiate disputes, and handle problems.

Learn more about chief of staff, here

https://brainly.com/question/29797691

#SPJ5

Which of these is determined by how a country answers the three economic questions of what to produce, how to produce, and for whom to produce?

Answers

Answer:

Economic System

Explanation: Because every country must answer the 3 basic economic questions, what ever their answer is to those questions determine what type of economic system the country has.

What is the major benefit of having membrane- bound organells

Answers

Answer:

organization

Explanation:

so that they stay in their designated areas and perform the functions they are required to do if not everything would be all over the place and be a MESS

What were the Assyrians the first to build?
pyramid
roads
aqueduct
temple

Answers

Answer:

roads

Explanation: google

Answer:

the answer is - aqueduct

I was taking a test and roads, like the person above stated, was wrong

I learned that a country who has many people is important
Because

Answer seriously. I will mark as the brainliest

Answers

Answer:

A large population increases density and, together with rural-urban migration, creates higher urban agglomeration. And this is critical for achieving sustained growth because large urban centers allow for innovation and increase economies of scale.

Explanation:

Other Questions
Hey kiddies I dont have much time so can ya answer this for me?One cannot and must not try to erase the past merely because it does not fit the present.Just tell me what you think it means and if you agree with it or not and why. There are 10 boys in a class of 15 people. create a ratio of boys to girls simplify Why was the trait of digesting lactose (the sugar in cow's milk) considered an advantage forhumans that had the trait? Please help me:) i will give brainliest to the right answer Im so depressed do Not jit me up Rn Ok soo My mom dead help me ill give you brainliest What is a symbol?a) something that proves something elseb) something that disproves something elsec) something that represents something elsed) something that replaces something else Can anyone help me please? Ill give brainliest Harrison has 70 CDs in his music collection.If 30% of the CDs are country music and 50% are pop music, how many CDs are other types of music?There areCDs that are other types of music. How did Coxey's Army affect the nation? Which describes a job duty of a telecommunicator ? A.train lawyers to win cases B. identify drugs at a crime scene C.teach Constitutional Law D.dispatch the proper personnel to a call What is an example of imagery from the passage?I had seen white men when they came.""Now soldiers were in the clearing.""I didn't know what they said.""They seemed invisible inside their dark clothes.'17 WILL MARK BRAINLIEST PLEASE HELP Answer true or false to the question... A physical map shows themes or patterns such as climate or population. True or false? 4. One coach of an Olympic rowing team makes his athletes warm up by doing 30 minutes ofstretching and jogging in place before practicing each day. Another coach suggests thatresting before practicing will result in better performance by her team. They decide toconduct an experiment to see which practice is correct. One team rests before practice, theother team warms up for thirty minutes, and then each team records the time that it takesthem to row a specific distance, Identify the dependent variable in this experiment. [1]Illuminate Education, Inc. What is the safest way to make sure you are using a copyrighted image fairly? A. Do a Google image search. B. Save the image to your own computer. C. Rename the image. D. Ask the copyright owner for permission. Which approach is the BEST way to deal with counterclaims?A. State immediately that any weaknesses in your claim should be ignoredB. Admit that your claim may have some weaknesses, and then show why it is stronger then the counterclaimsC. Take care not to mention any weaknesses in your claim or to acknowledge any opposing viewpoints.D. Use emotional appeals and personal attacks to persuade readers to reject opposing viewpoints Which statement is true about Saudi Arabias government today? A. Its government is based on the rule of an autocratic monarchy. B. It is led by a religious leader and a symbolic president. C. Men and women can vote on all government officials. D.Citizens choose the Ayatollah to make and enforce the laws. Businesses are usually intrested and promoting growth because it? A set of 3 consecutive integers adds up to 6. What is the value of the least integer?