Vermont Computers Is a Manufacturer of Computers on the Large,but

question 249

Essay

Vermont Computers is a manufacturer of computers on the large,but isolated,island nation of New Vermont.Although imports are extremely limited,but there are a handful of computer manufacturers in addition to Vermont Computers.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.Vermont Computers is selling a state-of-the-art computer for 1,299 veros (the local currency).At this price,the company can fill all orders,but they have no waiting list.What type of economic system exists in New Vermont? Support your conclusions.

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Definitions:

Metabolic Rate

This rate measures the amount of energy expended by the body over a certain period of time, including during various activities beyond resting conditions.

Limbic Brain

A complex system of nerves and networks in the brain, involving several areas near the edge of the cortex concerned with instinct and mood. It regulates basic emotions (such as fear and pleasure) and drives (such as those for food and sex).

Sleep Deprivation

The condition of not having enough sleep, which can negatively affect cognitive functions, emotional state, and physical health.

Traffic Accident Rates

The frequency or statistical occurrence of traffic accidents in a specified area over a particular period of time.