2 points
1. In Country XYZ, private citizens are able to invest their own money in
whatever market they choose to try and provide a good or service to the
citizens. The government has no part in the economy and business
owners are allowed to choose how they will produce their product, what
product they will produce and who in the country will have access to their
product.
1.Country XYZ has a command economy because private citizens are allowed to*
answer the three basic economic questions.
2.Country XYZ has a command economy because private citizens are not allowed to
answer the three basic economic questions.
3.Country XYZ has a market economy because the government does not regulate or
intervene in the decision making of businesses.
4.Country XYZ has a market economy because private citizens are allowed to answer
the three basic economic questions.

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below. a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample. assume=0.05. what are the null and alternative hypotheses? choose the correct answer below. b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement