This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the workings of a planned economy. Name some countries that have planned economies. What is ... (Read 107 times)

serike

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Describe the workings of a planned economy. Name some countries that have planned economies. What is another name for a planned economy?

Question 2

Suppose that you wanted to study the relationship between the number of putts a golfer used in a round of golf (X) to predict the golfer's total score for the round (Y). You study a group of golfers and find that the regression equation is:Y = 45.30 + 1.38 XWhat golf score would you predict for a golfer that used 35 putts?
 a. 88
 b. 98
 c. 94
 d. 91


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

The government makes most economic decisions and determines which products are produced in a planned economy (also called a command economy). It also determines where products can be sold and the prices to be charged. Only a few countries in the world, such as North Korea and Cuba, operate as planned economies.

Answer to Question 2

c


serike

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Ecological footprints of different countries. Ecological footprints of different countries.
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Countries of Origin of Asian Americans Countries of Origin of Asian Americans
Japan’s Economy and Society Japan’s Economy and Society
Growth in Open Economies Growth in Open Economies
economy manegment economy manegment
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library