The statements refer to issues related to rational ignorance. Identify each statement as either true or false.
Special interest groups have lower information benefits than the average voter.
Rational ignorance is one reason why better-looking politicians tend to get more votes.
Answer Bank
false
true
Rational ignorance helps special interest groups push projects through that are, in monetary terms, low in benefit and high in cost.
true
Answers
Rational ignorance alludes to the choice to stay ignorant around certain themes or issues due to the seen taking toll of securing information exceeding the anticipated benefits.
Here is the following statement given is true or false -
The given statement is false- Special interest groups have lower information benefits than the average voter.This given statement is True- Rational ignorance is one reason why better-looking politicians tend to get more votes.This given statement is true-Rational ignorance helps special interest groups push projects through that are, in monetary terms, low in benefit and high in cost.Rational ignorance is more likely to happen in complex or specialized arrangement ranges where understanding the points of interest requires critical time and exertion. Rational ignorance can lead to a dependence on heuristics or alternate routes in decision-making, such as depending on political party affiliations or supports.
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Related Questions
if a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP over time?
A) real GDP fluctuates but follows an upward-sloping trend line
B) real GDP does not fluctuate if growth is occuring
C) Real GDP fluctuates but follows a downward sloping trend line
D) real GDP fluctuates but follows a horizontal trend line
Answers
Answer:c
Explanation:
GDP measures the value of all the final products and services in terms of money. Option C) explains the behavior of GDP.
What is GDP?Gross domestic product (GDP) measures the value of all the final products and services in terms of money, produced by countries over a given time period usually a year.
The behavior of real GDP over time changes but follows a downward sloping trend line if a country is sustaining a healthy rate of growth.
Therefore option C) describe the behavior of GDP.
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IBM has created a reputation as being a quality innovator in a fast-paced industry. One approach used to spawn innovation was the IBM Innovation Jam, where IBM gathered data and ideas from thousands of individuals within and outside the organization. This resulted in the emergence of numerous new innovative ideas and the launch of new businesses.Managing innovation within a corporation is difficult since companies must find the appropriate level of incremental versus radical innovation investments. IBM struggled with focusing too much on incremental innovations in an industry that demanded radical innovations. To spawn creativity and ideas, IBM launched the Innovation Jam to gather ideas from employees, partners, and other individuals.Read the case below and answer the questions that follow.IBM is one of the best known corporations in the world, but its CEO, Samuel Palmisano, saw a major challenge for the firm. Though IBM had great ability to do basic scientific research and owned the rights to over 40,000 patents, it had struggled to translate its patented knowledge into marketable products. Also, it had built a reputation with investors as a firm with incremental product development, not the reputation needed in dynamic technological markets. Palmisano saw crowdsourcing as a means to move IBM forward in a bold way.In 2006, IBM hosted an Innovation Jam, an open event that involved 150,000 IBM employees, family members, business partners, clients, and university researchers. The jam took place over two 72-hour sessions. Participants from over 100 countries jammed for 24 hours a day over three days. The discussions were organized around 25 technologies in six broad categories. While the jam discussions were rich in content, it was a challenge for IBM to pull meaningful data from them. The 24-hour format meant that no single moderator could follow any discussion, and the volume of posts to the discussion threads left IBM with a huge amount of data to wade through. The discussions yielded 46,000 potential business ideas. To make sense of the data, IBM organized the discussion threads using sophisticated text analysis software and had a team of 50 managers read through the organized data. Using data from the first session, the managers identified 31 "big ideas." They further explored these 31 ideas in the second jam session. IBM then used another set of 50 global managers to review the discussions from the jam. Teams of managers focused on related groups of ideas, such as health care and the environment.IBM’s managers saw the jam as serving three purposes. First, it gave individuals both inside and outside IBM who already had big ideas a forum in which to share their vision with top managers. Second, it gave individuals with smaller ideas a venue to link up with others with related ideas, resulting in larger major initiatives. For example, individuals who had ideas about better local weather forecasting, sensing devices for water utilities, and long-term climate forecasting came together to create "Predictive Water Management," a comprehensive solution for water authorities to manage their resources, a business solution no one at IBM had thought of before the jam. Third, the global structure of the jam allowed IBM, early on, to see how employees, partners, and customers from different regions had different goals and concerns about possible new businesses. For example, what customers wanted from systems to manage health care records varied greatly across regions.Based on the jam sessions, IBM launched 10 new businesses using $100 million in funding. One, the Intelligent Transportation System, a system that gathers, manages, and disseminates real-time information about metropolitan transportation systems to optimize traffic flow, has been sold to transportation authorities in Sweden, the UK, Singapore, Dubai, and Australia. Another, Intelligent Utility Networks, became a core product in IBM’s public utility business. A third, Big Green, became part of the largest initiative in IBM’s history, a billion-dollar project on better managing energy and other resources.What was one of the issues IBM faced during the Innovation Jam?a. Analysis of a tremendous amount of data.b. Not enough employees to manage the new companies created.c. Issues with servers breaking down.d. All of these are issues IBM faced.
Answers
One of the issues IBM faced during the Innovation Jam was analysis of a tremendous amount of data.
One of the issues IBM faced during the Innovation Jam was the challenge of analyzing a tremendous amount of data generated from the jam sessions. With thousands of participants contributing to discussions over a 72-hour period, IBM had to sift through a large volume of posts and discussion threads. The 24-hour format and the sheer volume of data made it difficult for a single moderator to follow every discussion. As a result, IBM had to employ sophisticated text analysis software and a team of managers to organize and extract meaningful insights from the data. Therefore, the analysis of a tremendous amount of data was one of the challenges faced by IBM during the Innovation Jam.
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On her first day on the job, Sharon treats a patient who is highly anxious and worried. What advice from your book should Sharon keep in mind?It usually helps to point out to an emotional person that things could be much worse.If a patient is emotional, you should tell the person things will be okay, even if you are not sure what may happenSharon should find a more experienced person to take over the case.People usually appreciate it when others acknowledge their emotions and are willing to listen.
Answers
When encountering a highly anxious and worried patient, Sharon should keep in mind that people usually appreciate it when others acknowledge their emotions and are willing to listen.
Sharon, on her first day on the job, encounters a highly anxious and worried patient. In this situation, the advice from the book that Sharon should keep in mind is that people usually appreciate it when others acknowledge their emotions and are willing to listen.
When someone is experiencing strong emotions, it is important to validate their feelings and provide a supportive and empathetic environment. By acknowledging the patient's emotions, Sharon can create a sense of trust and understanding. She can reassure the patient that she is there to listen and help in any way possible.
While it is tempting to try to minimize the patient's worries by pointing out that things could be worse or by making promises about the outcome, these approaches may not be helpful. Each person's concerns and fears are valid to them, and it is essential to respect their emotions rather than dismiss or invalidate them.
Instead of making uncertain promises, Sharon should focus on providing reassurance and support. She can let the patient know that she understands their anxiety and is committed to working together to address their concerns.
Sharon can offer a listening ear and encourage the patient to express their fears and worries openly, ensuring that they feel heard and understood.
If Sharon feels overwhelmed or uncertain about handling the situation, it would be appropriate for her to seek guidance from a more experienced colleague or supervisor. This demonstrates her commitment to providing the best possible care for the patient and shows her willingness to learn and grow in her role.
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when an investor holds legal title to a property, the investment is called a investment in real estate
Answers
When an investor holds legal title to a property, the investment is indeed considered an investment in real estate. This means that the investor has ownership rights and responsibilities associated with the property, including the right to use, transfer, and sell it, as well as the obligation to maintain it and pay property taxes.
Real estate investments can take many forms, including residential, commercial, industrial, and land, and can provide various benefits such as rental income, appreciation, and diversification of a portfolio. It's important for investors to carefully consider their goals, risks, and potential returns when investing in real estate, and to seek professional advice as needed.
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Suppose that there are two countries, A and B, each of which produces two goods, X and Y. The production possibilities frontier (PPF) for each country is linear, with quantities of Y plotted on the vertical axis and quantities of X plotted on the horizontal axis. The PPF for Country A has a vertical intercept of 60 and a horizontal intercept of 60. The PPF for Country B has a vertical intercept of 30 and a horizontal intercept of 15.
Required:
What would be true about Country A?
Answers
Answer:
They can produce their goods equally.
Explanation:
Country A can produce their products equally with the available products in hand.
They can produce their goods equally. Country A can produce their products equally with the available products in hand.
What is production possibilities frontier?The Production Possibilities Frontier graph shows all the output combinations of two products that can be produced using the resources and technology in use at the time.
The production possibility curve is based on the following fundamental assumptions: Resources are offered and remain constant. The technology used in the production process remains constant. Technology and resources are fully and efficiently utilized.
The production possibilities curve measures the trade-off between producing one good versus another. Imagine a scenario where a nation produces 20,000 oranges and 120,000 apples. The diagram's point B is that location. If it wishes to cultivate more oranges, it must produce less apples.
Thus, They can produce their goods equally.
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EX8.
3. Willis currently has $200,000 invested in a four-stock portfolio with a beta coefficient equal to 0.9. Willis plans to sell one of the stocks in his portfolio for $80,000, which will increase the portfolio's
beta to 0.5. What is the beta coefficient of the stock Willis plans to sell? Do not round intermediate calculations.
Round your answer to two decimal places.
Answers
The beta coefficient of the stock Willis plans to sell is -0.11. How to calculate the beta coefficient of a stock? Beta coefficient is also known as market beta and is a measure of the volatility of a stock compared to the overall stock market. Beta coefficients can be used to calculate expected returns of stocks. Here's how to calculate beta coefficient: Beta = (Covariance of the stock with the market) / (Variance of the market)
To calculate the beta coefficient of the stock Willis plans to sell, we first need to find the initial beta coefficient of the portfolio. Initial beta coefficient of the portfolio = 0.9Portfolio beta formula can be used to calculate the new beta coefficient: New beta coefficient = (Old portfolio beta coefficient × Old portfolio market value + Sale price of the stock × Beta coefficient of the stock) / (Old portfolio market value - Sale price of the stock)0.5 = (0.9 × $200,000 + $80,000 × Beta coefficient of the stock) / ($200,000 - $80,000)0.5 = (180,000 + 80,000 × Beta coefficient of the stock) / 120,0000.5 × 120,000 = 180,000 + 80,000 × Beta coefficient of the stock60,000 = 80,000 × Beta coefficient of the stock Beta coefficient of the stock = 60,000 / 80,000Beta coefficient of the stock = -0.75Therefore, the beta coefficient of the stock Willis plans to sell is -0.75.
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When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
Question 7 of 10
Zack buys 40 shares of eBay at the close price of $20.95. His broker charges
him 4% of each share as a transaction fee. How much did Zack spend in total
to buy this stock?
A. $838.00
B. $871.52
C. $856.28
D. $891.46
Answers
The cost of each share is $20.95, and Zack buys 40 shares, so the cost of the shares is 20.95 * 40 = $838.00.
Zack's broker charges him 4% of each share as a transaction fee, so the total transaction fee is 0.04 * 20.95 * 40 = $33.28.
Therefore, the total cost of the transaction is $838.00 + $33.28 = $871.28.
The correct answer is B. $871.52.
help pleaseeeeeeeeeeeee
Answers
Answer:
Income
Explanation:
A budget shows a plan of how one will spend their income. It is, therefore, a plan of expenditure. A budget shows total expected income on one side and projected expenditure on the other side. The budget is balanced when income and expenses are equal.
Company k incurs a $22,000 deductible expense. compute the current year tax savings from the deduction assuming that:_________
Answers
Company k incurs a $22,000 deductible cost. compute the modern-day year tax financial savings from the deduction assuming that: as this is a loss, any extra deduction will create extra losses, so no tax financial savings.
Before deduction earnings =65000
after deduction expense of 22000, taxable profits=65000-22000=43000
therefore the marginal tax price is 7%, which means tax financial savings = 22000*7%=1540
A tax is an obligatory charge or economic fee levied through any government on a character or an enterprise to collect revenue for public works presenting nice facilities and infrastructure. The gathered fund is then used to fund extraordinary public expenditure programs.
Taxes are the number one source of sales for most governments. among different matters, this cash is spent to enhance and hold public infrastructure, which includes the roads we tour, and fund public offerings, which include colleges, emergency services, and welfare programs.
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if a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be: question 8 options: assets increase $1,300 and liabilities decrease $1,300. assets decrease $1,300 and equity decreases $1,300 one asset increases $1,300 and another asset decreases $1,300, causing no effect. assets increase $1,300 and liabilities increase $1,300. assets decrease $1,300 and equity increases $1,300.
Answers
The effect on the accounting equation would be: assets decrease by $1,300 and equity decreases by $1,300.
The accounting equation is represented as follows: Assets = Liabilities + Equity. When a company uses cash to purchase supplies, the cash account decreases (an asset), and the supplies account increases (also an asset).
Since the overall value of assets has not changed, the decrease in one asset must be offset by a decrease in equity, in this case, the owner's equity. This transaction can be represented as follows:
Assets (Cash) - $1,300 = Liabilities + Equity (Owner's) - $1,300.
In essence, the company has used its resources (cash) to acquire a new asset (supplies) and as a result, the owner's equity decreases to reflect the reduction in the company's net worth.
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will give brainliest if correct (repost)
Answers
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
A recent set of advertisements has a picture of an aluminum can with an aluminum-frame bicycle, along with a hypothetical quote from the can that reads: "I want to be a bike. Recycle me." The analysis of the life cycle of an item starting with its raw materials and ending with the used item becoming the raw material for new products is called___ a. cradle-to-grave.
b. reusability.
c. cradle-to-cradle.
d. cost-benefit analysis
Answers
The life cycle analysis of an item beginning with its raw materials and concluding with the utilized item becoming the raw material for new products is known as cradle-to-cradle.Cradle-to-cradle is a strategy in sustainable design that examines the whole life cycle of a product from its design to production, usage, and end-of-life disposal.
The approach attempts to create a closed-loop, where waste from one process becomes a resource for another, resulting in little or no waste. Cradle-to-cradle planning attempts to provide sustainable goods that can be reused indefinitely.
The Cradle-to-Cradle Certification system provides a methodology to identify sustainable products that can be reused for their intended purpose or as a new product entirely.The cradle-to-cradle approach differs from cradle-to-grave thinking, which follows the traditional linear process of "take, make, use, and dispose of."
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give 5 numbers smaller than -2 and 5 numbers bigger than -2
Answers
bigger: -1, 0, 1, 2, 3
You can buy life insurance for anyone. True or false
Answers
Answer:
False
Explanation:
Answer: False
Explanation:
(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
Answer:
1. Political instability
2. High cost of taxation
3. Insecurity
4. Changes in law and policy
Explanation:
1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.
1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.
1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.
1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.
2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.
you hurt your back at work by falling of a ladder and are out of work for a month
Answers
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
Identify the correct statement about the PPP theory.
A) It predicts that exchange rates are determined by relative prices.
B) It yields accurate predictions of short-run movements in exchange rates.
C) It best predicts exchange rate changes for countries with low rates of inflation.
D) It includes transportation costs and trade tariffs.
Answers
The correct statement about the Purchasing Power Parity (PPP) theory is option A) It predicts that exchange rates are determined by relative prices.
There are several types of prices commonly used in business and economics.
1. Market Price: The price determined by the interaction of supply and demand in a competitive market.
2. Cost-based Price: The price set based on the production or manufacturing costs, including materials, labor, and overhead expenses, with a desired profit margin added.
3. Dynamic Pricing: The price that changes based on factors like demand, time, or customer segment.
4. Penetration Price: Setting a low initial price to enter a market and gain market share.
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Why don't many developing countries benefit from the spread of free trade?
O A. They don't possess important natural resources.
O B. They cannot afford to give foreign aid.
C. They have large trade deficits.
O D. They have weak domestic industries.
Answers
Import and export restrictions are not present in a free trade system. It can also be seen as the free market concept implemented in global trade. Hence option A is correct .
What is Free Trade ?Political parties with economic liberal stances are more likely to support free trade than economic nationalist and left-wing parties, who typically support protectionism, which is the antithesis of free trade.
Today, the majority of countries participate in multilateral trade agreements through the World Trade Organization. The unilateral action of Great Britain, which from the middle of the 19th century through the 1920s decreased import and export controls and levies, served as the best example of free trade.
An alternate strategy is to establish free trade zones between groups of nations through agreements, like the European Economic Area and the open markets of Mercosur.separates that free trade zone from the rest of the world by building a protectionist wall. Most governments continue to enact protectionist measures like charging tariffs to imports or providing export subsidies in an effort to support local jobs.
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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?
(b) How can employers help facilitate successful teamwork?
Answers
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.
Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above
Answers
I believe the answer is c.
Explanation:
I did some research
If you invest for a single period at an interest rate of r, your money will grow to ______ per dollar invested.
Answers
If you invest for a single period at an interest rate of r, your money will grow to (1 + r) per dollar invested.
How to determine the rate of growth of a single period investmentThe formula for calculating future value of an investment is:
FV = P (1 + r)^n
Where:
FV = Future value P = Present value R = interest rate N = number of yearsFor example, if you invest $100 in an account that earns 10% per annum. The future value is:
$100 X ( 1 + 0.1)
$100(1.1) = $110.
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Derivative instruments include:A) stocks.B) preferred stocks.C) stock options.D) all the above.
Answers
Derivative instruments include stock options as stocks and preferred stocks are considered equity instruments, not derivatives. Option C.
What is a Derivative instrument?
A derivative is an instrument whose value is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc.
What does an accounting derivative mean?
Accounting problems A contract that derives its value from changes in an underlying variable is known as a derivative. For instance, the price of the underlying stock determines the value of a stock option contract; if the price of the stock varies.
A financial instrument or another contract that falls under the purview of this Standard and possesses all of the following features is referred to as a derivative. (a) Its value fluctuates in response to changes in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, or credit rating.
Hence, the right answer is option C. Stock options.
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The resources in the input market come from
A. government regulation of the economy
B. business firms lobbying to lower corporate tax rates
C. the remaining, unused portions of consumer goods
D. land, labor, and capital of households
E. the discovery of profitable, non-rival goods
Answers
Answer:
D
Explanation:
For the input market, the resources come from land, labor, and capital of households. Hence, Option D is correct.
What is the input market?There are two types of market, one is input and the second is output. The input market is known as the factor market and the output market is known as the product market. It is the input market, which is used in the production of the products and goods.
The output market is the place where goods and services are exchanged. In the factor market or the input market, all the resources like labor, capital, and land are used by the businesses to purchase, rent, or hire what they need in order to produce goods or services.
With the increase in the input prices, the supply curve from the right shifts to the left which is of the final good market and it results in the price of the final good increases.
Thus, Option D is correct.
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What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Answers
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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the general model for calculating a price variance is:
Answers
The general model for calculating a price variance is:
Price Variance = (Actual Price - Standard Price) x Actual Quantity
In this formula, the price variance represents the difference between the actual price paid for a particular item or resource and the standard price that was expected or budgeted. The actual quantity refers to the actual amount of the item or resource that was purchased or used.
By multiplying the difference between the actual price and the standard price by the actual quantity, the price variance provides an indication of how much the actual cost deviates from the expected cost based on the standard price.
This price variance calculation is commonly used in cost accounting and variance analysis to evaluate and monitor the impact of price changes on the overall cost of production or operation. It helps identify situations where prices paid for inputs or resources are higher or lower than anticipated, allowing management to assess the reasons for the variance and take appropriate actions.
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Determine the bid price for a project that you are estimating has the following itemized costs Direct Labor Cost - $200,000 Direct Material Cost - $350,000 Direct Equipment Cost - $200,000 Sales Tax - 8% Markups & other add-ons - $150,000 $928,000 $972.000 $960,000 $944.000
Answers
The bid price for the project is determined by summing up the itemized costs, adding the sales tax, and including markups and other add-ons. The provided options range from $928,000 to $972,000.
What is the bid price for the project considering the itemized costs, sales tax, and markups?To determine the bid price for the project, you would sum up the itemized costs and add the applicable sales tax and markups.
Based on the given options, the bid prices range from $928,000 to $972,000.
The bid price should consider the direct labor cost of $200,000, direct material cost of $350,000, direct equipment cost of $200,000, sales tax of 8% (which would vary based on the location and tax regulations), and markups and other add-ons of $150,000.
The specific bid price within the provided options would depend on the calculations of the sales tax and markups applied.
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Which situation is an example of a person making use of credit?
a. an architect puts his weekly paychecks into a savings account at
a local bank.
o b. a college student saves up money in order to buy a cheap used
car.
o c. a farmer sells most of her crops to customers who live near her
farm.
o d. a business owner takes out a loan to expand and redecorate her
offices.
submit
Answers
The use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.
What is a credit?It is a transaction whereby the creditor or lender supplies money in return for a promised future payment by the other party.
Hence, the use of credit is illustrated when a business owner takes out a loan to expand and redecorate her offices.
Therefore, the Option D is correct.
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There is no such thing as "the law" in that law comes from many different sources.
Answers
Answer:
At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.
If the price of cocoa rises by 20 percent, the quantity supplied of cocoa rises by 4 percent. What is the elasticity of supply?
Answers
Answer: 0.2
Explanation:
Elasticity of supply shows the responsiveness to the quantity supplied for a good or service to changes in market price. Supply is Elastic if its elasticity is greater than 1 and inelastic if elasticity is less than 1
Elasticity of supply = Percentage change in quantity supplied / Percentage change in Price
= 4%/ 20%
=0.2 which is inelastic.