QUEST 10 points Save Answer Which of the following is NOT a private enterprise i

Question

QUEST 10 points Save Answer Which of the following is NOT a private enterprise in the United States? Health care O Education O Space Exploration O Car sales QUESTI 10 points Save Answer A computer systems engineer could paint his house, but it makes more sense for him to hire a painter to do it. Explain why TT!Arial Path p Words 0 QUESTI 10 points Save Answer Why do you think that most modern countries economies are a mix of command and market types? TTT Arial US English Spanish UK Engish Pat: p Words 0

Explanation / Answer

1.
C.Space Exploration

It is not a private enterprise, rather run and regulated by the government authorities.

2.
Computer system engineer should hire painter for paint work because, painting is the expertise of a painter and painter can deliver superior efficiency and quality in the painting that cannot be delivered by the computer system engineer. It is related to the specialization of labor and people should choose to work on the basis of what is their specialization. It brings, efficiency, productivity and competitive advantage.

3.
Modern countries want growth as well as stability in their economy. Their regulatory agencies keep a close observation of the functioning of the economy so that economy grows and show the signs of the market based economy. When the economy starts to be in trouble, the government agencies such as central bank, capital market regulators jump, intervene strongly and take the control in their own hands. It brings back the stability as exhibited by the mixed economy. So, it serves both the purpose of growth as well as stability. Hence, it is said that it is a combination of mixed and market economy.

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