The three fundamental economic questions, what to produce, how to produce it, and who should receive the goods produced: Question 1 options: A) are questions that only Capitalist societies need to answer. B) are only possible for a capitalist economy to answer since Socialist economies only produce necessities, not luxuries. C) can be avoided by Capitalist societies if they are growing quickly. D) must be answered by all societies since they are unavoidable.

D) must be answered by all societies since they are unavoidable.

Explanation:

Capitalist societies as well as Socialist societies has these three fundamental questions because these three questions are unavoidable and very necessary for the production of goods. If they did not know which product and in what quantity it is produced so they make a great loss. If they produced in large quantity than necessity so they get a great loss while if they produced the product in low amount so there is scarcity of that product in the market. So these question are very important to every society.

$18,000

Explanation:

Required:

Find the amount of income Perimeter recognizes in 20X1 as a result of the investment.

Amount of income to be recognized should be calculated as:

Share of net income - Amortization of equipment in excess of book value

Where,

Share of net income = 30% of net income

= 30% × $80,000

= $24,000

Less: Amortization of equipment in excess of book value =

Therefore, amount of income to be recognized =

$24,000 - $6,000

= $18,000

Amount of income Perimeter recognizes in 20X1 as a result of this investment is $18,000