Multiple choice! Jeff wants to start a wildlife photography business. The government informs Jeff that wildlife photography is a frivolous business and does not benefit society. Instead, the government informs Jeff that he will take photos of train manufacturing for training programs.

What type of economic system does Jeff live in?

Group of answer choices

Command economy

Mixed economy

Market economy

Traditional economy

The text states, “the committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market….” why would the committee raise the federal funds rate as the labor market improves?

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.