Decisions are made by people, not by "governments." Some examples of national economic goals include effectiveness, equality, economic freedom, full employment, economic development, security, and stability.
A person who is an entrepreneur is one whose primary objective is to make money, whose task it is to launch and grow a business or other organisation.
It is hard to overstate the importance of an entrepreneur's involvement since, by founding a business, they may combine other production variables like land, labour, and money to produce goods and services for the benefit of clients and/or society. Entrepreneurship may reduce unemployment in addition to promoting economic success and dispersing it among the members of society.
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Suppose the price of tires increases from $ per tire to $. In response, the quantity of tires supplied increases from to tires. What is the price elasticity of supply for tires? Using the midpoint formula, the price elasticity of supply is nothing. (Enter your response rounded to two decimal places. )
Using the midpoint formula, the price elasticity of supply for tires is 4.09.
What are the price elasticity of supply and its types?A measure of how sensitive a good's supply is to price fluctuations is called price elasticity of supply. It is determined by dividing the percentage change in the quantity supplied by the percentage change in the price. Five basic categories- perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary can be used to group elasticities together.
Midpoint formula for elasticity,
(Q₂ - Q₁/Q₂ + Q₁)/2 ÷ (P₂ - P₁/P₂ + P₁)/2
Given:
P₁= $60, P₂ = $90
Q₁ = 5000 , Q₂ = 50,000
= 50,000- 5000 / 50,000- 5000) / 2 ÷ (90 - 60/ 90 + 60)/2
= (45,000/27500) / (30/75)
= 45,000/27500 × 75/30
= 4.0909
= 4.09
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The complete question is:
Suppose the price of tires increases from $60 Per Tire To $90.In response, the quantity of tires supplied increases from 5,000 to 50,000 tires. What is the price elasticity of supply for tires? Using the midpoint formula, the price elasticity of supply is . (Enter your response rounded to two decimal places )
how should abdulrahman address the lacking performance management process with malek?
To address the lacking performance management process with Malek, Abdul Rahman should follow a systematic approach. Here are some steps that he can follow:
Assessment: The first step is to assess the current performance management process and identify the specific issues that are affecting its effectiveness. This will help Abdul Rahman to understand the root cause of the problem and design a solution accordingly.Communication: The next step is to communicate with Malek about the lacking performance management process and the impact it has on their work. Abdul Rahman should have an open and honest conversation with Malek, listen to their perspective, and explain the importance of having an effective performance management process in place.Solution: After the assessment and communication, Abdul Rahman should work with Malek to develop a solution that addresses the lacking performance management process. This may include setting clear performance goals, establishing regular feedback mechanisms, and ensuring that performance evaluations are conducted regularly.Implementation: The final step is to implement the solution and monitor its effectiveness. Abdul Rahman should ensure that the new performance management process is followed consistently and that feedback is provided regularly to Malek. He should also be prepared to make adjustments to the process as needed to ensure its continued effectiveness.Performance management is an important aspect of the work environment as it helps employees to understand their strengths and weaknesses and identify areas for improvement. If there is a lacking performance management process in place, it can affect the performance and motivation of employees.To know more about performance management refer here:
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What will happen to the county's economy if its trade policies are restrictive?
If a country's trade policies are restrictive, trade lowers the economic output and income and it leads to the evacuation of the production centers.
Countries that create trade obstacles, such as tariffs, drive up prices and shift funding away from relatively effective economic activities and toward less efficient ones.
It is important to remember that many other policy decisions, in addition to tariffs, can impose trade restrictions that have similar impacts. As a result of such actions, firms incur more costs than they otherwise would, consumers pay more for goods than they otherwise would, and overall, output and employment decline.
Trade barriers and tariffs will have a huge effect on the markets of one's economy if the tariffs are low and efficient the producers will see into the economy and make investments.
Barriers like tariffs, higher costs for the resources, and all types of taxes on the production of the goods can lead the production centers to replace from highly expensive to low expensive countries where there is an opportunity for free markets.
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consider a two-country two-good model where labor is the only factor of production. each country faces an increasing-cost production-possibility curve. in this model the amounts of both goods that are produced in a country in no-trade situation are determined by:
The H-O model is a two-country, two-good, two-factor model that presumes production processes differ in their factor intensities, while countries differ in their factor abundancies.
The Heckscher-Ohlin model is an economic theory that suggests that nations export what they can most efficiently and plentifully produce. The standard emphasizes the exports of goods needing factors of production that a country has in surplus. It also underlines the import of goods that a nation cannot produce as efficiently. It takes the situation that countries should ideally export materials and resources of which they have an extra, while proportionately importing those aids they require.
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the study of how people seek to satisfy their unlimited wants with limited resources
Economics is the study of how individuals attempt to satiate their limitless wants with scarce resources.
The production, trade, and consumption of goods and services are all topics covered by the social science of economics. The study of economics focuses on the operation of economies as well as the activities and interactions of economic actors. Microeconomics is the study of the interactions between what are considered to be the basic elements of the economy, such as market and agent activity. Any number of customers, including residences, businesses, buyers, and sellers, can be represented by an individual agent. Macroeconomics is the study of the economy as a coexisting system of production, consumption, saving, and investment. It also examines the factors that affect this system, including as the employment of labor, capital, and natural resources, currency inflation, economic growth, and governmental policies.
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differentiate between corporate social responsibility and corporate social responsiveness. give an example of each. how does corporate social performance relate to these terms? where do corporate citizenship and sustainability fit in?
Social responsiveness is the way a person or a company responds to a social need, corporate responsibility is the moral responsibility or obligation that an individual or a company has to society.
What is the definition of corporate social responsibility (CSR)?A business strategy known as corporate responsibility takes into account how an organization's actions affect society, its workforce, and other stakeholders.
What distinguishes corporate responsibility from corporate social responsiveness?I was really doing some additional research to see how the two differed, but as I was doing so, the term "business social responsiveness" and its meaning came up. Corporate citizenship is thus like to a person, but corporate social sensitivity is akin to an activity.
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How do the number of prey and predators affect each other?
which example of market expectations causes the dollar to depreciate against the yen? expectations that the u.s. economy will have
For instance, if inflation were to be relatively higher than in Japan, demand for the dollar would decline, leading to a decline in its value.
The efficient market theory, which contends that all market pricing "knows" all of the commercial data that is known, combines with the theory of market expectations. The idea is that because of market efficiency, current market prices always reflect all pertinent information.The stock cycle, which is frequently credited to technical analyst Richard Wyckoff, enables traders to pinpoint buy, hold, and sell points in the price development of a stock. The stock cycle consists of the following four stages: accumulation, markup, distribution, and markdown.To know more about the market here
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What is the most common type of credit vehicle?
The most common type of credit vehicle is the credit card. Credit cards allow individuals to borrow money up to a certain limit and make payments over time.
They are widely accepted and offer a variety of features such as rewards, cashback, and interest-free periods. Credit cards are also convenient as they can be used to make purchases in-store, online and over the phone. The interest rates on credit cards are generally higher than other forms of credit, but they are also easily accessible and widely available.
Another common type of credit vehicle is installment loans, such as personal loans, car loans, and student loans. These types of loans are also widely available, but they are typically used for specific purposes, such as buying a car or paying for education.
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in the second half of the nineteenth century, the working class in the western economy was select one: a. highly multiracial. b. highly stratified along racial lines. c. paid higher wages than workers in the east. d. both highly multiracial and paid higher wages than workers in the east. e. all these answers are correc
In the second half of the nineteenth century, the working class in the western economy was d) both highly multiracial and paid higher wages than workers in the east.
During the second half of the nineteenth century, the working class in the western economy was highly diverse and often paid higher wages than those working in the east.
This was due to a combination of factors such as the influx of immigrant labor, the abundance of resources, and the development of new technologies that increased productivity and allowed for higher wages.
This trend in the west provided a unique opportunity for many people to gain access to better pay and a higher quality of living than they would have been able to achieve elsewhere.
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an employee has group life insurance through her employer. after 5 years, she decides to leave the company and work independently. how can she obtain an individual policy?
She can convert her group policy to an individual policy without proof of insurability within 31 days of leaving the group plan.
Group life insurance is a type of insurance policy that provides coverage for an entire group of people, typically those who are employed by the same company. This type of insurance is generally less expensive than individual life insurance policies, as it is based on the group's size and overall risk profile.
Group life insurance policies often provide coverage for death, disability, and other major life events. These policies are typically provided by employers as a benefit to their employees and can be used to supplement individual life insurance policies. Group life insurance also helps to provide financial security to the family of the insured in the event of their death.
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neris takes out a loan for $100,000 to buy a house. she makes 25 payments of $4,000 and asks for the title (ownership papers) to be placed into her name. will neris receive the title and why?
No, because she still owes interest. The correct answer is option (a).
What does it mean to owe interest?Interest due is the sum of money needed to cover a loan's interest expense for the specified time period. When a borrower obtains a loan from a bank, the loan is required to be repaid over time in a series of installments or monthly payments.
Simply explained, interest is the cost of borrowing money, whether it be through a credit card, mortgage, or school loan. When you borrow money, you often have to pay it back plus interest, which is typically a specified percentage of the loan amount. Interest costs may be an asset or a problem.
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Options for the given question,
a. No, because she still owes interest
b. Yes, because she has paid $100,000
c. Yes, because more than 75% of the principal is paid
d. No, because she still owes payment penalties
Which economic system has the most freedom and why?
Answer:
Capitalism upholds individual rights as absolutes and upholds freedom as absolute. All non-capitalistic societies force some people to live at the expense of others.
Explanation:
The purpose of using good e-mail techniques is to _______.
a.
Demonstrate your ability to write good e-mails
b.
Completely describe your entire thought process
c.
Quickly get responses to your questions
d.
Show your consideration for others
kalagara outfitters neither sold nor repurchased any shares of stock during the year. the firm had annual sales of $7,202, depreciation of $1,196, cost of goods sold of $4,509, interest expense of $318, taxes of $248, beginning-of-year shareholders' equity of $4,808, and end-of-year shareholders' equity of $4,922. what is the amount of dividends paid during the year?
$817 is the dividend paid out that year by kalagara outfitters.
Sale 7202
Less: Manufacturing cost (4509)
Gross profit $2693
less: Depreciation (1196)
Earnings before interest and tax $1497
Less: Interest expense (318)
Pre-tax profit $1179
less: Tax ($248)
Net profit $931
The year-end capital calculations are as follows:
Equity at the end of the period = Equity at the beginning of the period + Net income - Dividends
Dividend = (4808 plus 931 minus 4922)
After calculating the above linear equation, we get the equal
=$817.
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which factor led to underconsumption during the late 1920s? which factor led to underconsumption during the late 1920s? expansion of credit shortage of consumer products poor agricultural conditions uneven distribution of wealth
Uneven distribution of wealth was the main factor that led to underconsumption during the late 1920s.
What is wealth?
Wealth is a concept which refers to a large quantity of valuable resources or assets, such as money, property, goods and services. It is often seen as a measure of success and financial standing, and can be accumulated over time through hard work and determination.
This was due to the fact that much of the wealth generated during the period was concentrated among a small percentage of the population. As a result, the majority of the population had very little disposable income to spend on consumer products, leading to a shortage of consumer goods and underconsumption.
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production possibilities frontier definition economics
Because the PPF is a curve based on the data of two variables representing resources between two items, the data can be changed to examine how scarcity, growth, inefficiency, and other factors might effect production.
By efficiency, what do you mean?
Efficiency is the capacity to do a task with minimal to no waste, effort, or energy. When you use your resources as effectively as possible, you can achieve your goals. This is what it means to be efficient. The simplest definition of efficiency is the absence of waste and the optimization of all processes.
We finished all the work in a few hours thanks to her quickness. At its most productive, the factory was. an 80 percent efficient furnace
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Is Pakistan a command economy?
Pakistan is an example of a mixed economy, incorporating elements of a command economic system and a market economic system. A considerable part of the country's economic revenue comes directly from state-owned businesses.
However, private companies are permitted to operate with only fixed regulations.
Under a mixed economy, the private and public sectors coexist. Economic action is directed by the government toward certain socially important sectors of the Economy, and the balance is persistent by the process of the pricing mechanism. The public and private sectors unite to achieve social purposes within the framework of a typical economic plan. The private sector is a substantial component of the mixed economy and is regarded as an essential engine of economic growth.
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establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project. a. true b. false
True. Establishing a positive relationship with key stakeholders early in the project is an important factor in ensuring the success of the project.
What is stakeholders?Stakeholders are individuals, groups, or organizations that have an interest in the success or failure of an organization, project, or program. They can be internal or external to the organization. Examples of stakeholders include customers, employees, shareholders, creditors, suppliers, government agencies, and the general public. Stakeholders can have an impact on the decisions and actions of an organization, and can be both positive and negative.
It helps to create a sense of ownership among stakeholders, which in turn increases their commitment to the project and leads to more effective communication and collaboration.
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What are 3 ways that technology can benefit the world?
Five Benefits And Three Challenges Technology Can Bring To Global Companies · 1. Faster and more reliable communication: · 2. Enhanced efficiency ...
What is the main purpose of technology?
If you made lifespans much longer, you'd reduce the effective cost of everything. Thus insofar as reducing scarcity is acknowledged to be the proximate purpose of technology, eliminating the main source of scarcity – namely mortality – is the ultimate purpose of technology.
Our daily activities can be done with technological materials. We can do our household chores, regular activities with the small robotic system. Shopping,
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please wait for the proctor to confirm your information.
The proctors confirm whether your information is displayed on the student's computer screen or remains blank. If the student's computer's connection to the MAP servers is lost or times out, this may happen.
What is mean by please wait for the proctor to confirm your information.?Built in the C programming language, Map Server is an open-source development environment for creating geographically enabled web applications. It is well renowned as one of the fastest Web mapping engines out there. It can be used to run as a CGI program or through Adscript, which is compatible with a number of computer languages (using SWIG). Any raster or vector file supported by GDAL is accessible to MapServer, and PROJ is responsible for handling real-time reprojections. Formerly known as "UMN Map Server" to distinguish it from for-profit "map servers," Map Server was created by Steve Lime while he was an employee at the University of Minnesota. Today, it is simply known as "Map Server" and is maintained by the Map Server Project Steering Committee (PSC). Support was used when Map Server was first created.
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What was the main goal of Stalin's Five-Year Plan?
In an effort to increase efficiency, Stalin's first Five Year Plan included the mechanization and collectivization of agriculture.
How would you define mechanization?
the process of using a machine to perform a task that was previously done by hand: The development in agricultural mechanization was responsible for the fall in farm population. The mechanization of the textile industry had a key role in the early stages of the Industrial Revolution.
mechanization, the use of machines to replace either all or part of human or animal labor. Mechanization needs human involvement to deliver information or instructions, unlike automation, which may not even require a human operator.
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not. In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world. << read less stylesnormal.
Customers and consumers have the freedom to make their own economic decisions under a free enterprise system, free from governmental constraints.
What is a free enterprise system?An economic system known as free enterprise gives people the freedom to manage their own finances without interference from the government and as independently profitable enterprises. Free enterprise or even the free market refers to an economy in which the market determines prices for goods and services rather than the government.
Governmental regulation of businesses or services does not exist. The term "free enterprise" can also reference to a philosophical or legal framework in which the private sector dominates economic decision-making.
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Why does unemployment increase after a recession?
A recession is a slowdown in economic activity, and as labour is a necessary economic input alongside capital, it makes sense that unemployment would increase as output (what businesses produce and sell) decreased since businesses that produce and sell less would require fewer workers.
What are economic activity ?
When resources like labour, capital goods, manufacturing processes, or intermediary items are combined to create particular goods or services, that is considered an economic activity. As a result, a production process, resource input, and product output define an economic activity (goods or services). primary pursuits.
secondary pursuits secondary pursuits. Activity in the Quaternary. Quinary pursuits. Banking, farming, cultivation, consumption, production, transportation, mining, manufacturing, livestock husbandry, hunting, and fishing are a few examples of economic activity.
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Dinah just got a new credit card that offers an introductory apr of 7. 2% for the first 3 months and a standard apr of 19. 2% thereafter. If interest is compounded monthly, what is the periodic interest rate during the first 3 months?.
Just on apex 0.6% is the periodic interest rate during the first 3 months.( The cost a customer pays a lender to borrow money over a period of time, expressed as a percentage of the loan amount.)
What is the interest rate short definition?
The interest rate is the amount that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual rate (APR).
What's the interest rate example?
For example, if you borrow $100 at an interest rate of 5%, you will return $105 to the lender who borrowed the money. The lender makes him $5 in profit. There are many different types of interests that you may encounter in your life. Each loan has its own interest rate, which determines how much you actually borrow.
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Answer:
0.6%
Explanation:
I just got it right
A system by which goods and services are produced and distributed.
a. Resources
b. Economy
c. GDP
d. Trade
An economic system by which goods and services are produced and distributed.
Hence, Option B is correct
A country's or a region's economic system is how societies or governments manage and distribute the resources, services, and goods that are readily available.The framework that a country and its citizens use to manage economic processes is referred to as an economic system. It establishes how operations like production, distribution, and resource distribution take place within a specific geographic area. Traditional, command, mixed, and market economies are the main types that can be found everywhere.Although they all share some fundamental traits, each has its own distinctive qualities.There are four main categories of economic systems: market economies, command economies, mixed economies, and traditional economies.
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Which of the following is not one of the three basic economic questions that must be answered in an economy?
a. For whom to produce?
b. How to produce?
c. What to produce?
d. What happens when you add to or subtract from a current situation?
What happens when you add to or subtract from a current situation is not one of the three basic economic questions
Any mechanism for distributing limited resources qualifies as an economic system. There are three vital questions that economists focus on. These questions are:
1. What types of products and services should be created to satisfy consumer demand? ( What to produce)
It is evident that a nation cannot create everything due to resource limitations. Consequently, a crucial question is what to manufacture.
2. Who should manufacture them and how should they be produced? (How to produce?)
It deals with deciding which economic production strategy to use and how to create.
3. To whom should goods and services be provided? ( For whom to produce?)
Since one cannot satisfy everyone, choosing the final consumers makes the production process very straightforward.
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the reason that interest rate risk is greater for blank term bonds than for blank term bonds is that the change in rates has a greater effect on the present value of the blank than on the present value of the blank . multiple choice question.
The reason that interest rate risk is greater for long-term bonds than for short-term bonds is that the change in rates has a greater effect on the present value of Par, value than on the present value of the coupon payments.
Why is it that bonds with higher interest rates are frequently viewed as riskier?
When interest rates increase, investments in fixed-income instruments often lose value. Typically, the risk is higher for longer-term securities. Investments in non-rated securities with lower ratings carry a larger risk of principle and interest loss than investments in securities with better ratings.
Because the present value of the par value is more impacted by rate changes than the present value of the coupon payments, interest rate risk is higher for long-term bonds than it is for short-term bonds.
Therefore, Bonds with longer maturities, therefore, typically carry higher interest rate risk than comparable bonds with shorter durations.
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What are primary goals of sustainability?
One of the main objectives of sustainable agriculture, which employs compost and other techniques rather than pesticides, is to maintain the long-term health of the soil the health of all living things.
What role does sustainable agriculture play?
Because it avoids the use of toxic pesticides and instead relies on biocompost, which is beneficial to both the soil and living things, sustainable agriculture protects soil fertility and production rate throughout time.
Because it employs compost and other ways instead of chemicals, sustainable agriculture has numerous objectives, but one of its main aims is best stated as being the long-term care of the soil's health and the health of the living organisms.
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What is a war loan bond?
A debt instrument known as a war bond is issued by a government to raise funds for its defense initiatives and military efforts during times of war. A loan to a government is essentially what a war bond is.
Are war bonds still valuable?Even though war bonds are no longer offered for sale, the U.S. government may still have issued bonds in the past to help finance the nation's involvement in wars. Your war bond's denomination, issue date, and series type all play a role in determining its value.
When there is war, what happens to bonds?Similar to contemporary bonds issued by the government, war bonds are used to raise funds for the war chest. War babies are children who were fathered by foreign soldiers or who were born or raised during a time of war in their country. In finance, they are stocks like defense contractors that do well during wartime.
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