BUS051 - Sharon Ng BUS051 Professor Henderson BUS051 Week 1...

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Sharon Ng BUS051 Professor Henderson BUS051 Week 1 Homework Expert Electronics is a manufacturer of computers on the large, but isolated, island nation of New Vermont. Although imports are extremely limited because of difficult navigation to and from New Vermont, there are several computer manufacturers in addition to Expert Electronics. While the government provides some services, such as public education and a well-maintained road system, almost all businesses are privately owned. Home ownership is unusually high, with 80 percent of all families owning their own home. 1. Expert Electronics is selling a state-of-the-art desktop computer system for 1,299 veros (the local currency) what type of economic system exists in New Vermont? Support your conclusion. Answer: New Vermont has a mixed market economy system. This is because the majority of the businesses in the nation are privately owned, thus allowing the owners of those businesses to conduct sales as they see fit. Furthermore, New Vermont is representative of a mixed market
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This note was uploaded on 08/30/2011 for the course BUS 51 taught by Professor Henderson during the Summer '11 term at West Valley.

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BUS051 - Sharon Ng BUS051 Professor Henderson BUS051 Week 1...

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