Social Studies, 14.05.2021 09:10 hongkongbrat6840
Select the correct answer. What role does the law of supply and demand play in a command economy? A. The law of supply and demand applies to a command economy as much as it does to other economies. B. The law of supply and demand does not apply because in a command economy, the government controls the market. C. The law of supply and demand functions in reverse because a command economy is the opposite of a market economy. D. The law of supply and demand functions the same way as in other economies, but the government sets the prices.
Answers: 2
Social Studies, 21.06.2019 21:30, ddoherty88
The owner of a one-acre parcel of land with a small house on it rented the property to a professor of a nearby college at a monthly rental of $500. several years later, after the professor got tenure, the parties orally agreed that the professor would purchase the property from the owner for the sum of $60,000, payable at the rate of $500 a month for 10 years. they agreed that the owner would give the professor a deed to the property after five years had passed and $30,000 had been paid toward the purchase price, and that the professor would execute a note secured by a mortgage for the balance. the professor continued in possession of the property and made all monthly payments in a timely fashion. when he had paid $30,000, he tendered a proper note and mortgage to the property owner and demanded that she deliver the deed as agreed. the owner refused because valuable minerals had been discovered on adjacent parcels in recent months, causing the value of this parcel of land to increase to 10 times its former value. the professor brought suit against the property owner for specific performance. if the court rules in favor of the property owner, what is the likely reason?
Answers: 2
Social Studies, 22.06.2019 13:00, emilyturchon
Which groups of people most directly benefited from song innovations in the song dynasty‘s open border policy?
Answers: 1
Select the correct answer. What role does the law of supply and demand play in a command economy? A....
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