A high unemployment rate affect the economy, economic systems and daily life in terms of low GDP, bad financial statement and not having good life.
The unemployment rate is defined as the percentage of the labor force or workers who have the ability to do work but not do job or not get hired. The unemployment rate requires identifying who is in the labor force.
The unemployment affect the economic systems regarding the financial statement of the nation or individual citizen who has no job. The unemployed people tend to spend less, may accrue more debt and unemployment may lead to higher payments for state like food stamps.
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Lauren needed to get her computer fixed. She took it to the repair store. The technician at the store worked on the computer for 3. 75 hours and charged her $119 for parts. The total was $400. 25. Write and solve an equation which can be used to determine xx, the cost of the labor per hour.
The labor cost per hour is $75.
The equation looks like this:
3.75x + 119 = 400.25
x will be = 75
Duration time was 3.75 hours.
Parts cost is $119.
Total cost: $400.25
So, the hourly rate is x is $75.
So, when you create the formula, the total number of hours (multiplied by the cost per hour) is added to the cost of the part, and the sum of these two amounts is the total cost.
To solve this problem, we need to subtract the cost of each component from the total cost. This gives the following result:
3.75x = 281.25
Then divide 3.75 by each side as usual.
Hourly labor costs = $75
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Why is it important to compare two things?.
A comparative analysis can provide information that aids a company in making critical decisions when it wants to launch or expand a marketing campaign.
To help a firm make wise decisions for both its clients and itself, this analysis collects several data sets to compare various options. Comparing or contrasting things is done to highlight minor differences or unexpected commonalities rather than to declare the obvious. When a company wishes to evaluate a concept, issue, theory, or query, doing a comparative analysis enables it to comprehend the problem and provide solutions.
This kind of analysis may be used by a company to examine objects with clear distinctions or objects with both differences and similarities.
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boulanger affected the growth of the restaurant and foodservice industry by ___
Boulanger affected the growth of the restaurant and foodservice industry by d)opening the first restaurant.
A restaurant is a place where food and drinks are prepared and served to clients. Meals are often served and consumed on-site, however many restaurants also provide take-out and food delivery services.
Restaurants vary significantly in look and offerings, with cuisines and service models ranging from low-cost fast-food meals and cafeterias to mid-priced family restaurants to high-priced luxury institutions.
With 10 million employees, the restaurant business in the United States is vast and rapidly rising.
One out of every twelve people in the United States works in the industry, and it grew despite the 2008 recession. Restaurants are notorious for paying low wages, which they claim are owing to 4-5% profit margins.
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Correct question:
Boulanger affected the growth of the restaurant and foodservice industry by...
organizing the kitchen.
developing pasteurization.
inventing cooking guilds.
opening the first restaurant.
Lucy recently asked the servers at her restaurant to only give straws to customers who request them. She thinks that about half of the customers will ask for straws but hopes that the rate will be less than half. She randomly selects 100 customers and finds that 43 of them ask for a straw. To determine if these data provide convincing evidence that the proportion of customers who will ask for a straw is less than 50%, 150 trials of a simulation are conducted. Lucy is testing the hypotheses: h0: p = 50% and ha: p < 50%, where p = the true proportion of customers who will ask for a straw. Based on the results of the simulation, the estimated p-value is 0. 733. Using a = 0. 10, what conclusion should lucy reach?.
Lucy should fail to reject H0 because the p-value is > 0.0733. There is no convincing evidence that she has less than 50% of her customers asking for straws.
The P-value is a measure of the strength of evidence against the null hypothesis (H0).
It represents the probability of getting an extreme or more extreme result than the observed one, given that the null hypothesis is true.
In this case, the null hypothesis is that 50% of customers request straws. The alternative hypothesis is that the percentage is less than 50%.
It is not possible to calculate a P-value based on the information provided. To calculate the p-value, know the specific results of 150 simulation trials and how those results compare to the observation that 43 out of 100 customers asked questions with a straw is needed.
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You have secured an 8%, $500,000 bank loan to be paid off in seven equal end-of-year annual payments. What is the required loan payment?.
For a $500,000 bank loan with an 8% interest rate, there will be seven equal end-of-year annual payments. A $ 3333.3 per month loan payment is required.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate (APR), interest expense or revenue is frequently expressed as a dollar figure. Interest is the payment a lender or financial organization makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest.
Lenders may charge interest for the use of their money, or borrowers may charge interest for the use of those funds.
According to question,
Calculation of loan payment:
loan payment = rate x loan amount / time
= [tex]\frac{8*500000}{12*100}[/tex]
= $ 3333.3
Hence, a $ 3333.3 per month loan payment is required.
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what economic advantage could travelling to the moon give us?
Travelling to the moon has the potential to provide a wide range of economic benefits such as the moon could be used as a launch pad for deep space exploration, allowing us to access resources that are currently out of reach.
In addition, the moon's unique environment could provide opportunities for new kinds of scientific research, such as exploring the effects of microgravity on the human body.
Finally, the moon could be used as a hub for space tourism, providing a new and exciting experience for thrill-seekers from around the world.
All of these activities could give a boost to the global economy and create jobs in the space industry.
Traveling to the moon could be an incredible economic opportunity for humanity, providing a wealth of resources and opportunities.
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in which column of the cash payments journal are the amounts that are posted individually to the accounts payable ledger?
In the Accounts Payable Debit column, the cash payments journal are the amounts that are posted individually to the accounts payable ledger. Accounts Payable Debit column is located in the left side of an account.
In economic, A debit balance that located in a Payable account generally can be defined as the company owes money, while a credit balance indicates that the company is owed money. The normal balance of accounts payable is negative that indicate that he company is owed money. Any outstanding bills that need to be paid shortly is including in the company's accounts payable.
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How many cents is a quarter?.
A quarter is equal to 25 cents.
1 cent is equal to one hundredth of dollars, euro, or other currencies.
Hence,
1 cent = 1/100 dollars
100 cents = 100 x 1/100 dollars = 1 dollars.
Cent can also be represented by decimals.
Example:
50 cents = 50 x 1/100 dollars = 0.5 dollars
70 cents = 70 x 1/100 dollars = 0.7 dollars
Another example, to convert a half into cents, find its equivalent fraction with 100 as its denominator.
a half = 1/2
1/2 = 50/100
Hence, a half = 50 cents.
Similarly, to convert a quarter, find its equivalent fraction with 100 as its denominator.
a quarter = 1/4
1/4 = 25/100
Hence, a quarter = 25 cents.
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how are limit orders and market orders different?
Limit orders and market orders are different types of orders that can be placed when buying or selling securities, such as stocks, on a stock exchange. Limit orders allow an investor to specify a specific price at which they want to buy or sell a security, while market orders are filled at the best available price at the time the order is placed.
A limit order is an order to buy or sell a security at a specific price or better. For example, if an investor wants to buy a stock at $50 per share, they would place a limit order to buy the stock at $50 or less. If the stock is trading at $48, the limit order would be executed and the investor would pay $48 per share. However, if the stock is trading at $52, the limit order would not be executed.
A market order, on the other hand, is an order to buy or sell a security at the best available price at the time the order is placed. Market orders are executed immediately and are filled at the current market price. For example, if an investor wants to buy a stock and the current market price is $48, a market order to buy the stock would be filled at that price.
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personal finance is 20% head knowledge about money. what‘s the other 80%?
The other 80% is managing money.
When it comes to personal finance, it's not just about understanding financial concepts and money management. It's also about having the right attitude and behaviors when it comes to your finances. That's why it's important to understand that personal finance is only 20% head knowledge.
The other 80% is about developing the right mindset and behaviors when it comes to managing money. Having a good attitude and the right actions when it comes to money can help you become financially secure and successful.
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What sectors have high and low unemployment?.
Sectors with low unemployment rate are: government sector, mining (including oil and gas), and education sectors. Sectors with high unemployment rate are: leisure and hospitality business, agriculture, and construction business.
The leisure and hospitality business had the highest unemployment rate in the U.S in December 2022, at 5.4 percent. Government employees, on the other hand, had the lowest unemployment rate, at 1.7 percent. The overall industry average was 3.3 percent.
As unemployment varies with the state of the economy, numerous things influence it. Unfortunately, the unemployment rate in the United States is likely to rise as we enter the second half of the decade. From 1992 to 2021, those with a bachelor's degree or higher had the lowest unemployment rate in the United States, which can be linked to the fact that greater levels of education are viewed as more desired in the workforce.
The statistics of the unemployment rate by industry is shown in the attached picture.
Sectors that have high unemployment rate are: Leisure and hospitality, agriculture, and construction sectors, while sectors that have low unemployment rate are: government sector, mining, oil, and gas, and education sectors.
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Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario? Markets allocate goods effectively. Markets usually lead to efficiency. There is a tradeoff between equality and efficiency. When markets do not achleve efficiency, government intervention can improve overall welfare.
When markets do not achieve efficiency, government intervention can improve overall welfare is the scenario that describes the principles of economic interaction .
Option D is correct.
What does it mean to engage in economic interactions?In an economy, the exchange of goods, services, and money is the form of economic interaction between economic agents. The reciprocal effect of one's actions, as well as the influence of actions by economic agents, are all examples of interaction.
What is the fundamental issue affecting economic interactions?Economizing is necessary because of scarcity. The fundamental issue for economic interactions versus individual projects is scarcity. There is no intention or control over traffic.
Economic interaction that have resulted in such an increase in "the wealth of nations" over the past few centuries?Still, the majority of development economists agree that the most important stages of economic development are connected to three distinct transitions: a structural shift in the economy, a shift in the population, and an urbanization process
Incomplete question :
Because eels are highly endangered as a species, many governments enact laws prohibiting fishing along their migration route. Initially, eel fishers complain about this restriction on the locations they can fish, but after a while they notice that the number of eels swimming outside regulated areas Is much higher than it was before. With the laws in place, eel fishers end up catching a greater quantity of eels than they did prior to the enactment of the lows. Which of the following principles of economic interaction best describes this scenario?
A. Markets allocate goods effectively.
B.Markets usually lead to efficiency.
C.There is a trade off between equality and efficiency.
D.When markets do not achieve efficiency, government intervention can improve overall welfare.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, In a cap-and-trade system.
It is a market tool wherein a government sets a "limit" or cut-off on the total amount of ozone-harming compounds that may be released. Producers of ozone-depleting substances would be required to pay for each considerable amount of carbon dioxide or carbon dioxide equivalent1 that they emit under such a strategy. For instance, those from power plants, by establishing a market and setting a limit on contamination. Limiting outflows and charging for them is the best environmental solution, both ecologically and financially. Cap-and-trade is a technique for achieving both. The policy's reaction establishes a cap-and-trade emissions standard that lowers outflows, The public authority establishes an outflows cap and distributes a number of emanation stipends in accordance with that cap under a cap-and-exchange structure.
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A customer at a store paid $64 for 3 large candles and 4 small candles. At the same store, a second customer paid $4 more than the first customer for 1 large candle and 8 small candles. The price of each large candle is the same, and the price of each small candle is the same.
A customer paid $64 for 3 large candles and 4 small candles. The price of each large candle is $16, and the price of each small candle is $4.
What do you know about candles?
Candles have been a source of light and heat since ancient times. They are made from wax and come in a variety of shapes, sizes and colors. Candles are used for a variety of purposes including religious ceremonies, decoration, aromatherapy, and providing light and warmth. Candles come in many different types, such as beeswax, soy, paraffin, and gel. Beeswax candles tend to burn clean and are the most natural, while paraffin candles contain petroleum-based wax, and soy candles are a renewable resource made from soybeans. Candles also come in a variety of scents, such as lavender, vanilla, and jasmine, and can be used to create a relaxing atmosphere.
So, The price of each large candle is $16, and the price of each small candle is $4.
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Correct Question: A customer at a store paid $64 for 3 large candles and 4 small candles. At the same store, a second customer paid $4 more than the first customer for 1 large candle and 8 small candles. The price of each large candle is the same, and the price of each small candle is the same. What is the price of each large candle and each small candle?
What other issues resulted because of the stock market crash?.
Answer:
Equally relevant issues, such as overpriced shares, public panic, rising bank loans, an agriculture crisis, higher interest rates and a cynical press added to the disarray. Many investors and ordinary people lost their entire savings, while numerous banks and companies went bankrupt
Explanation:
What are the 3 things to consider when opening a checking account?.
The 3 things to consider when opening a checking account are Insurance, Minimum deposit requirements and Fees.
Insurance:
It's important to be sure the bank or credit union where you open an account offers insurance from the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA).
Minimum deposit requirements:
Many checking accounts have minimum balance requirements that must be met in order to avoid fees. You could be charged a monthly maintenance fee of up to $15 if you don't maintain the required balance.
Fees:
Checking accounts require various fees to access your money, like the majority of financial products. Overdraft, non-sufficient (NSF), monthly service/maintenance, and ATM fees are a few examples of popular charges. Repeat fees are expensive because they can cost anywhere from a few dollars to $35 per instance.
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the internet impacts businesses by providing more information about their.T/F
False , the internet impacts businesses by providing more information about their.
What effects does the Internet have on business?
Businesses may now access a larger market much more quickly and simply thanks to the internet. As a result, new businesses are now able to reach new heights of success more quickly.
This has made it possible for companies to serve customers who are located halfway around the world from one location.
What is the impact of the Internet?
The internet is an international network of interconnected networks that primarily offers wireless interactive communication. T
he public only had access to the internet in the 1990s, despite the fact that it was originally deployed in 1969.
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Fuzzy Monkey Technologies, Inc. , purchased as a short-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $70 million. Required: 1. To 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021 balance sheet
1) Debit Investment in Bonds by $80 and credit by Cash by $66.00 and Discount on bond investment by $14.
2)Debit Cash by $3.20 and Discount on bond investment by $0.10, credit Interest revenue by $3.30.
3) Debit Cash by $3.20 and Discount on bond investment by $0.11, credit Interest revenue by $3.31
4a) Investment in the December 31, 2021 balance sheet = $70 million
Journal entries will be as follows:
1. 01-Jan-21 Investment in Bond Dr $80.00
To Cash $66.00
To Discount on bond investment $14.00
(Being investment in bond recorded)
2. 30-Jun-21 Cash Dr ($80 * 8% * 6/12) $3.20
Discount on bond investment Dr $0.10
To Interest revenue ($66*10%*6/12) $3.30
(Being revenue recognition for bond interest and discount amortized)
3 31-Dec-21 Cash Dr ($80 * 8% * 6/12) $3.20
Discount on bond investment Dr $0.11
To Interest revenue ($66.1*10%*6/12) $3.31
(Being revenue recognition for bond interest and discount amortized)
4-a) $70 million is the Investment in the December 31, 2021 balance sheet.
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What are some criteria you can use when comparison shopping?.
Here are five things to consider when comparison shopping so that you never need to wonder if you are getting the best deal.
Quality. Craftsmanship. Quantity. Performance. Longevity.Description of Online Comparison ShoppingRather than going from store to store, potential buyers use online comparison shopping for the price of single or multiple items. Comparison shopping online is easier than driving to the store or calling individual retailers, more efficient and also results in savings, such as gas money.
In addition to displaying the best prices, online shopping comparison websites often provide clearance or seasonal sale items and deals of the day.
When doing online price comparisons, consumers should keep in mind the following:
Read carefully all terms and conditions, return policies and details about hidden or additional charges. Only provide personal financial information to encrypted websites, marked with HTTPS in the browser's URL field, versus HTTP, indicating that a site is not encrypted. Use common sense when doing comparisons online. For example, consider an offer for a certain type of product that sounds too good to be true. Always stay informed about current scams and scams to prevent unwanted shopping incidents. Before purchasing any product, confirm the authenticity of the item and the retailer through thorough online research, including reviews and feedbackLearn more about comparison shopping at https://brainly.com/question/30105009.
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Morrison Company experienced a business event that had the following effect on its accounting equation. Assets = Liabilities + Common Stock + Retained Earnings NA (25,000) (25,000) NA Which of the events would have caused this effect? Multiple Choice Pald off debt issued common stock for cash. Incurred cash expense. Paid a cash dividund.
Morrison Company experienced a business event that had the following effect on its accounting equation. Assets = Liabilities + Common Stock + Retained Earnings NA (25,000) (25,000) NA Paid off debt have caused this effect
The percentage of a company's net income retained by management for internal use as opposed to being distributed to shareholders as dividends is known as retained earnings. Retained earnings, in a nutshell, are the entire amount of earnings that have not yet been distributed to shareholders. These funds are also kept in reserve so they can be used to reduce debt or reinvest in the business by buying fixed assets.
The beginning balance of RE is used to determine retained earnings (RE), which is then multiplied by net income (or loss), added, and any dividends paid subtracted.
Retained Earnings = RE Beginning Balance + Net Income (or loss) – Dividends
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What is pie diagram in economics?.
A pie diagram is a form of pictorial representation in the form of a circular graph in economics.
A pie chart is a method of displaying data in which a circle is divided into various segments (or pies) each bearing some variable. Each segment is an example of a specific category.
Each segment's area corresponds to the proportion of a circle that each category occupies in the entire collection of data.
By reading the entire pie chart, one can instantly gauge the effect or share of each category.
A pie chart typically displays the constituent components of an entire. It's not uncommon to see a section of the drawing cut off from the rest of the pie to emphasise a crucial detail.
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Alice has a charge card from national bank which uses the unpaid balance method of computing finance charges. The periodic rate is 1. 95%. Alice's previous balance is $1485. 23. She made teh minimum payment of 2% of the previous balance. She returned a pair of tennis shoes and a jacket for a credit of $68. 63 and $117. 47. She has new purchases of $49. 50, $65. 32, and $45. 10 for gasoline. She had a restaurant charges of $15. 89, $20. 22, and $52. 54. Her final charge was $156. 32 for auto repairs. Calculate the new balance.
Alice does have a charge card via National Bank that calculates finance charges based on the outstanding balance.The new balance would be $1590.16.
What do you mean by finance charges?
Finance charges are the additional fees charged by a lender for providing a loan or other type of financing to a borrower. Finance charges may include interest, late payment fees, over-the-limit fees, cash advance fees, check processing fees, and annual membership fees. Finance charges are typically set by the lender and may vary depending on the type of loan, the amount of the loan, the borrower's credit score, and the length of the loan. Finance charges are usually added to the balance of the loan and are usually due in full when the loan is paid off.
This is calculated by first subtracting the credit amount of $186.10 (68.63+117.47) from the previous balance of $1485.23. This gives a total of $1299.13. Next, the new purchases of $49.50, $65.32, and $45.10 for gasoline are added to the total, giving a new total of $1459.05. Finally, the restaurant charges of $15.89, $20.22, and $52.54, as well as the final charge of $156.32 for auto repairs are added to the total, giving a final balance of $1590.16.
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If an individual has a credit score of 560 and they pay their credit card late once or twice, what might they expect a credit card company to do?(1 point)
If an individual has a credit score of 560 and they pay their credit card late once or twice, the credit card company may score them low credit score.
What is credit score?Credit score can be defined as what help to measure the credit worthiness of a person as it help to determine whether a person will pay his/her loan within a stipulated time or late.
A late payment credit card may tend to have negative impact on the a person based on the fact that it can lead to the credit card company to score the person low which inturn will affect the person creditworthiness.
Therefore the credit card company may score them low credit score.
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What is roi as an investor why is it important to you? How will it affect your decision to buy hold or sell stock
Answer:
REWORD
ROI, or return on investment, is a metric used to measure the profitability of an investment. It is calculated by dividing the amount of money gained or lost on an investment by the amount of money invested. A positive ROI indicates that an investment has been profitable, while a negative ROI indicates that it has not.
ROI is important for investors because it allows them to assess the performance of their investments and make informed decisions about buying, holding, or selling stocks. A high ROI may indicate that an investment is performing well and should be held, while a low ROI may indicate that the investment should be sold. Additionally, ROI can be used to compare the performance of different investments and make decisions about where to allocate investment funds.
In summary, ROI is a key metric for investors to determine the profitability of an investment and help them make decisions to buy, hold, or sell a stock.
Answer:
ROI, or return on investment, is a measure of the profitability of an investment, typically expressed as a percentage of the initial investment. It is important to investors because it allows them to evaluate the performance of their investments and compare them to other potential investments. It can affect a decision to buy, hold, or sell stock by indicating whether an investment is likely to be profitable or not and whether there are better investment opportunities available.
Explain the nature of marketing planning.
Explain the concept of marketing strategies.
Explain the concept of product mix.
Identify product’s/service’s competitive advantage.
The marketing plan outlines the approach a business will take to advertise its goods to consumers. The overall number pf product lines and distinct goods or services that a business offers is its product mix.
What is a good example of marketing?Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Marketing, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of the company.
Why is marketing necessary?Many individuals learn about a specific product thanks to marketing. Your sales will rise if consumers are aware about your product. Many commercial companies find that marketing greatly aids in developing revenue streams. When several business sectors use.
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Which one of the following business types is best suited to raising large amounts of capital? A. sole proprietorship B. limited liability company C. corporation D. general partnership E. limited partnership
The accompanying business types are the most ideal for raising a lot of capital C. corporation.
The corporation can raise capital much more effectively contrasted with different types of business possession. The portions of a company are exchanged the securities exchanges. Should the association require more capital, it can give more offers to people in general. The corporation offers the public an opportunity to claim the association in return for value.
In the stock markets, there are no limitations concerning who can purchase shares. Financial backers assess the business execution of an organization to choose if it merits purchasing its stocks. Corporations with a decent history in execution will have no issues in raising extra capital as their portions will be popular.
Hence option (C) is correct.
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what types of economic activities do people who live in tropical rainforests engage in?
There are many employment opportunities in the rainforest, including tour guides and environmentalists.
In rainforests, economic activities such as mining, logging, agriculture and construction provide employment opportunities.
Their livelihoods depend on agriculture, fishing, hunting, and gathering of forest products in floodplain areas, which are subject to large seasonal variations due to the annual flood cycle.
In 1992, there were 173 communities in or near the Pacaya Samiria National Reserve, with a total population of about 80,000.
meal:
In the Amazon, natives eat nuts produced in the rainforest. Cash Crops - Rainforests also produce cash crops such as the emergence of wild coffee.
Wild coffee has higher yields and is more disease resistant than the Arabica beans that growers typically use in other parts of the world.
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Tony wants to save $10,000 in 6 years. Assuming a 4% interest rate, what is the minimum he must save each month to reach his goal?.
the minimum he must save each month to reach his goal is $123 when interest rate is 4%.
Which interest rate is it?a percentage of the loan amount that a borrower must pay to a lender as a fee for borrowing money over a set period of time. An interest rate is the amount of interest that must be paid each period as a percentage of a loan, deposit, or borrowing (called the principal sum).
example:
We have been given that Tony wants to save $10000 in 6 years.
That means future value S = $10000
Time t= 6 years
Interest rate = 4% yearly = 0.04 yearly
n=12 months per year
Now we have to find monthly payment to recieve $10000 in 6 years.
minimum he must save each month to reach his goalwhich is approx $123.
Hence final answer is $123.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
A method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances is Cap and trade .
What does the term "cap and trade" mean?
A "cap" on maximum emissions is imposed under the cap-and-trade system, which reduces the total emissions from a number of emitters.
It is said to as a market-based approach that aims to lower total pollutant emissions and promote corporate investment in fossil fuel substitutes and energy efficiency.
What does "cap and trade system" mean?
A government regulation scheme known as "cap and trade" aims to reduce or "cap" the overall level of certain chemical pollutants, primarily carbon dioxide emissions, that arise from industrial activity.
The argument put up by cap and trade proponents is that it is a preferable option to a carbon tax.
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What is another name for a free enterprise economy?.
An unrestrained, laissez-faire economy is sometimes referred to as a free enterprise economy.
A free market and capitalist economic philosophy known as laissez-faire opposes involvement from the government. The laissez-faire economics philosophy holds that the government should only get involved in the economy in order to protect the inalienable rights of its people. Let the market decide what it wants to do, in other words. If supply and demand laws are not restrained, they will effectively control how much products and services are produced. All sorts of economic interventionism in business dealings involving private groups of individuals are forbidden under this type of economic organisation.
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