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Author Question: Describe the workings of a planned economy. Name some countries that have planned economies. What is ... (Read 115 times)

serike

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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


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tofugiraffe

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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

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

recede

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Reply 3 on: Yesterday
Excellent

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