Economics is an inquiry into the nature and causes of The Wealth of Nations. (Option C).
Who made the above statement?
Scottish-born Adam Smith, a philosopher and economic theorist, was born in 1723.
He is most known for his revolutionary work on economics, "An Inquiry into the Nature and Causes of the Wealth of Nations," published in 1776.
What would happen if the market for goods are located far form the factory that you have established?The above scenario would translate into added costs which may lead to a loss. The additional cost will come from transporting goods to a far market. Hence the correct answer is option C.
Two type of related commodities are:Supplementary and complementary goods (Option D).
Two things are considered supplementary or complementary when they are utilized in tandem. For instance, if you own a car, you also need gas to power it.
A supplemental item if you own a television would be an Amazon widget, which gives you access to a far wider selection of television shows.
Which of the following conditions implies extension of supply?The condition where there is higher price, leading to higher supply meets the above criteria. Hence the correct answer, which corresponds with the law of supply, is Option D.
What is Tertiary Sector economic activity?
The tertiary sector encompasses a wide range of activities, including commercial and personal services, education, health care, social work, transportation, financial and real estate operations, and administration.
Hence the correct answer is (option A)
Car and Petrol are examples of?
The above are examples of complementary goods (Option A). This is because, you need petrol to be able to run a car.
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_________ stimulated capitalism through the emphasis placed on hard work and thriftiness.
Protestantism stimulated capitalism through the emphasis placed on hard work and thriftiness.
Protestantism believes that it takes both good deeds and faith in God to get to heaven. Protestants believe that it is necessary to believe in God alone in order to go to Heaven, a principle known as Sora Fide. Catholics believe that it takes both good deeds and faith in God to get to Heaven. It is the main movement of Western Christianity that spread to
Protestantism believes that it takes both good deeds and faith in God to get to heaven. Protestants believe that it is necessary to believe in God alone in order to go to Heaven, a principle known as Sora Fide. Catholics believe that both good deeds and faith in God are required to get to Heaven.
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The operation of buildings, including landscaping, accounts for ____ of total water use in the united states.
The operation of buildings, including landscaping, accounts for approximately 47 billion gallons per day—12% of total water use.
Building operations include the construction of a building, structural alterations, repair or maintenance (including painting, redecorating, and exterior cleaning of the structure), demolition of a building, and the preparation for and laying of a building's foundation. They do not, however, include any operations that are considered works of engineering construction under the terms of this Act.
Construction, structural modification, repair, or maintenance of a building or any appurtenance thereof (including repointing, redecorating, and external cleaning of the structure), demolition of a building or any appurtenance thereof, and preparation for and laying the foundation of an intended building or any appurtenance thereof are all considered to be building operations.
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You need workers to finish a large project. On a list of 30 possible workers, 9 are not available. You need only 1/3 of the remaining workers for the project. How many workers do you need
Based on the number of possible workers and the ones not available to finish the large project, the number of workers that you will need are 7 workers.
How many workers are needed?The first thing to do is the find the number of workers who are available:
= 30 - 9
= 21 workers
Out of these 21 workers, the proportion who are needed are 1/3 so the number of workers needed is:
= 21 x 1/3
= 7 workers
In conclusion, the number of workers needed to finish the large project is 7 workers.
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One of the most important parts of a broker’s job is keeping track of trust funds received and disbursed. this requires accurate __________ be maintained at all times.
One of the most important parts of a broker’s job is keeping track of trust funds received and disbursed. this requires accurate journals to be maintained at all times.
What are journals?Journals are scholarly literature that is not designed for the ordinary audience but for technical purposes and technical professionals. By keeping a journal a person keeps all the details handy.
Thus, keeping track of the receipt and distribution of trust funds is one of the most crucial aspects of a broker's job. For this, complete journals must be kept at all times.
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Which techniques improve economies of scale? select all that apply. select all that apply:
techniques to improve economies of scale are -
A cost that has inputs that increase or decreases is referred to as variable cost.The variable cost includes raw materials as inputs and it Increases or decreases with the production volume.Unlike fixed cost, it does not remain fixed but rather responds to the changes in a firm's production levelEconomies of scale occurs when a firm is able to increase production by decreasing the average cost involved to produce a product.Economies of scale refer to the phenomenon in which the average cost per unit of output decreases as the size or scale of the output produced by a firm increases.
In microeconomics, economies of scale are the cost advantages that firms derive from their scale of operations, usually measured in terms of output per unit of time. Reduced cost per unit of output enables greater scale
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If a CPG advertiser is trying to reach 8% of women aged 25-54 and plans to show them 10 ads, then what is the expected GRP?
If a CPG advertiser is trying to reach 8% of women aged 25-54 and plans to show them 10 ads, then the expected GRP is 80
This is further explained below.
What is the expected GRP?Generally, If a consumer packaged goods advertising wants to reach 8% of women between the ages of 25 and 54 and intends to display those women in 10 advertisements, then the projected GRP is 80%.
In conclusion, Media planners recommend allocating at least 150 GRPs for the purpose of scheduling throughout the course of three consecutive months. This should assist to contribute significantly to building major awareness.
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How would the break-even period in this scenario change if you lived in another state? research another state’s minimum coverage requirement and calculate the break-even period you calculated above for that state’s minimum coverage requirements. assume that all other variables (premium, deductible, etc.) are the same. specify the state you researched and its minimum coverage requirements in your answer.
What is meant by break-even period?
In business accounting, the break-even point refers to the amount of revenue necessary to cover the total fixed and variable expenses incurred by a company within a specified time period
To calculate the break-even point in units use the formula:
Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
What are insurance requirements?
Insurance Requirements — the part of a commercial contract in which the types and minimum amounts of insurance the parties agree to provide in connection with their performance of the contract are specified.
What is break-even period in business?
A break even point is used in multiple areas of business and finance. In accounting terms, it refers to the production level at which total production revenue equals total production costs. In investing, the break even point is the point at which the original cost equals the market price.
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Target costing sets costs based on the price that customers are willing to pay.
a. true
b. false
It is False that Target costing sets costs based on the price that customers are willing to pay.
Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.
Costing is any system for assigning costs to an element of a business.
Competitive is most commonly used to describe a person who has a strong desire to compete and win.
Development is the act, process, or result of developing the development of new ideas an interesting development in the case.
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Mia has monetary assets that total $2,500 and annual living expenses that total $12,000. what is her emergency fund ratio?
Mia has monetary assets that total $2,500 and annual living expenses that total $12,000 her emergency fund ratio is 2.50
Calculation of emergency fund ratio:
Formula;
Emergency fund ratio = Cash & cash equivalents / monthly non-discretionary expenses
Now put values in the formula;
Emergency fund ratio = $2,500 / $1,000
Emergency fund ratio = 2.50
The emergency fund ratio, or liquidity ratio, is a personal finance ratio that measures a household's ability to cover expenses from assets that can be easily converted to cash.
Calculated by dividing the household's total current assets by the household's total monthly expenses.
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What is the overall process for developing information systems from planning and analysis through implementation and maintenance?
The SDLC is the overall process for developing information systems from planning and analysis through implementation and maintenance.
Therefore, maintenance modifies an existing system, enhancement adds functionality to an existing system, and development replaces an existing system. This is an important part of system development and includes activities to correct system design and implementation errors, update documentation, and test data.
Systems development is the process of defining, designing, testing, and implementing new software applications or programs. This may involve developing custom systems in-house, creating database systems, or acquiring software developed by third parties.
Information system development consists of six key phases: system survey, needs analysis, design, implementation, testing, modification, and maintenance.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
What is rule-of-thumb?A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
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What model asserts that organizations ought to be concerned with the interests of many different individuals and groups and not just shareholders or stockholders?
Stan Deetz's Multiple Stakeholder Model asserts that organizations ought to be concerned with the interests of many different individuals and groups and not just shareholders or stockholders.
Who are Stakeholders?A stakeholder has an interest in a firm and has the potential to influence or be affected by its operations and performance.Investors, employees, customers, suppliers, communities, governments, or trade groups are examples of typical stakeholders.Stakeholders in an entity can be either internal or external to the company.One form of stakeholder that businesses need to be aware of is shareholders.In some circumstances, the general public may also be considered a stakeholder.A stakeholder is a party with an interest in a business who may have an impact on or be affected by that firm. Investors, employees, clients, and suppliers make up the majority of the stakeholders in a typical firm.To know more about Stockholders with the given link https://brainly.com/question/23842144
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In the context of international dispute resolution, conciliation is also known as?
In the context of international dispute resolution, conciliation is also known as mediation. Primary distinction between conciliation and mediation proceedings is that the parties will occasionally request non-binding settlement suggestion from the conciliator during the conciliation. A mediator, on the other hand, will typically and on principle avoid offering such a suggestion.
Conciliation is voluntary process in which the parties are free to decide to try and settle their disagreement through conciliation. The method is adaptable and enables parties to specify length, format, and substance of the conciliation processes. In mediation, parties will ultimately decide whether to reach a solution.
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Job code and pay grade are job description components noted in the _____ section.
Job code and pay grade are job description components noted in the identification section.
What is Job?a piece of work, specifically a specific duty completed as part of one's job routine or for a fee:
A job is defined as the labor you do to make money. Working at a gas station is an example of a job. A job is described as a place where you go to earn money. Your office and the people you deal with every day are examples of your job.
Job kinds let you categorize your tasks and processes. Although all tasks differ in some respects, commonalities can typically be isolated and standardized. Job categories allow you to group together comparable types of tasks.
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How would inflation in china affect the competitiveness of its goods in global markets?
Inflation also influences the ratio of Chinese household debt to gross domestic product (GDP), which jumped to 61.6 per cent last year from 17.9 percent in 2008, a situation made worse by the pandemic.
Business competitiveness:If one country has a much higher rate of inflation than others for a considerable period of time, this will make its exports less price competitive in world markets.
Inflation is a financial risk that investors take on when they invest internationally. While efforts can be made to increase liquidity during times of crisis, inflation can strongly influence bond prices and equities to a lesser degree.
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Inventory cost flow assumptions can be used to assign dollar amounts to?
Inventory cost flow assumptions can be used to assign dollar amounts to ending inventory and cost of goods sold. As per inventory cost flow assumption, an inventory item's cost varies depending on when it is built or purchased and when it is sold.
Management requires formal mechanism for allocating expenses to inventory as they develop into sellable commodities due to this cost disparity. The cost flow hypothesis may or may not correspond to actual flow of products. Instead, cost flow estimate that differs from real usage is acceptable. Businesses typically choose cost flow assumption that either reduces or maximizes earnings.
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___________________________ in high-income countries is caused by the economy being in a recession.
The natural rate of unemployment in high-income countries is caused by the economy being in a recession. Natural rate of unemployment is the lowest rate of unemployment that can exist when inflation is stable or not rising. Many economists still differ, however, over the precise degree of unemployment that should be regarded as the natural rate of unemployment.
The inferred relationship between high economic activity and inflation or between deflation and unemployment is now much less widely accepted among economists. Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming.
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This is marketing which best describes the relationship between marketing and advertising?
Advertising is a component of marketing.
Advertising is the method of figuring out customer desires and determining how great to meet those desires. In comparison, advertising and marketing are the workouts of promoting an organization and its services or products thru paid channels.
Here are some similarities between marketing and advertising: they have got similar desires to increase client attention and, in the long run, patron income. in addition, each has a goal to sell a product or service.
Advertising and marketing is a particular marketing communique interest that falls under the "promotion" detail of the traditional advertising blend -- also known as the four PlayStation of product, price, place, and promotion. sales is a broader function that's concerned with all 4 elements of the advertising and marketing blend.
The truth of the problem is, while you observe the basic functions of income and advertising teams, it comes all the way down to this: advertising is accountable for developing methods, at the same time as salespeople are chargeable for implementing strategy.
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Compared to past decades, today’s workers should expect to have a _____ psychological contract with their employers
Compared to past decades, today’s workers should expect to have a Horizontal psychological contract with their employers.
The psychological contract involves an unspoken agreement that occurs between supervisors, workers or employees and other individuals at work. Horizontal psychological contract focuses on social relationships between individuals working together for a considerable period of time outside a formal hierarchical relationship.
For instance, a horizontal psychological contract are team members working closely together in a long-term project to achieve a challenging goal by supporting and respecting each other’s contribution to the project
Hence, the psychological contract between employer and employee has changed over the past few decades because of globalization and major advances in technology.
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Whereas ________ business embodies individualism, achievement, competition, and informality, ________ business stresses collectivism, continuity, cooperation, and formality
Whereas American business embodies individualism, achievement, competition, and informality, Mexican business stresses collectivism, continuity, cooperation, and formality.
American business is a business of entrepreneurship, and corporations, together with responses by consumers, critics, and government.
In broader context, it is a major part of the Economic history of the United States which focuses on specific business enterprises.
Mexico is expected to continue to be a drawing for the industry of mobility. Successfully doing businesses rely heavily on understanding Mexico’s unique business culture.
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A transaction in which an owner of tangible personal property transfers the property to another party while still retaining ownership of such property is known as a?
A transaction in which an owner of tangible personal property transfers the property to another party while still retaining ownership of such property is known as a " Bailment".
What do you mean by Bailment?
The term Bailment is the term under the law which describe the possession of particular of property that is given by seller to buyer without transferring the ownership.
The example of this type of bailment include contracts for the lease of a car, movement of goods and sale of goods on consignment basis.
According to the English Common Law, it would justify that the right of a person to possess a thing without owning the thing. This type of right authorize the specific transactions to be conducted without the generation of any legal ownership.
At the time when bailor transfer the property to bailee, bailee can used this property of his/her personal use, create a relation between bailor and bailee and for the benefit of bailor only.
This bailment is generally defined as the contract based upon the condition of possession only. In which the property can be disposed off as per the direction of bailor.
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When managing broker donald died suddenly, who took over the brokerage trust accounts?
Death is unavoidable in life—and in financial planning. When a brokerage account holder dies, many firms have trained staff and resources to assist the living with estate matters such as how account assets will be distributed to heirs and beneficiaries.
While specific procedures differ, brokerage firms generally follow a fairly consistent process for transferring account assets to an account holder's heirs and beneficiaries. Here are some things to expect after notifying a firm of an account holder's death, which should be done promptly. The commission shall take custody of each trust account and may appoint a successor trustee to safeguard and distribute the account's proceeds.
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The text states, "the committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market…." why would the committee raise the federal funds rate as the labor market improves?
Answer:
Raising the federal funds rate decreases inflation because raising the federal funds rate increases the interest rates that banks charge each other for loans. Therefore, banks are less likely to take out loans to replenish their reserves. To keep their reserves at the required ratio, banks will lend less money.
Explanation:
American architect __________ became known for his repetition of rectangular zones and use of asymmetrical spatial organization in his design of furniture, wallpaper, and stained-glass windows.
American architect Frank Lloyd Wright became known for his repetition of rectangular zones and use of asymmetrical spatial organization in his design of furniture, wallpaper, and stained-glass windows.
Wright was credited with developing the ‘Prairie style’ which became the dominant design of American homes in the 20th century. This style ushered in a radically new way of building modern homes.
The Prairie homes dispensed with intricate designs and arrangements, in favor of large living rooms, plain walls, and innovative indoor heating systems. The building materials and equipment used were mass-produced. Thus, these homes were cost-effective, had ample space, and were built for comfort.
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Decatur licensee Alistair is working with buyer Evie as a transaction broker. According to Georgia law, Alistair may only perform ministerial acts for Evie, which are ______.
Decatur licensee Alistair is working with buyer Evie as a transaction broker. According to Georgia law Alistair may only perform ministerial acts for Evie, which are Administrative actions that don't rise to the level of client-level representation
More about Decatur licensee:
Every business is not required to have a business license by the City of Decatur. However, some enterprises are subject to the City Code's licensing requirements. The Finance Department is responsible for the majority of licensing tasks.
Additionally, licensing is responsible for maintaining the Macon County Pet Registration System, processing payments for pier permits, boat registrations, and duck blind rentals, as well as other licenses and permits. The license fee is determined by the type of business and the anticipated gross sales for the licensing year. The City of Decatur's license year coincides with the calendar year.
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Gross domestic product (gdp) increases if prices decrease by ________ and quantities produced increase by ________.
Gross domestic product (GDP) increases if prices decrease by (C) 2 percent and quantities produced increase by 4 percent.
What is Gross domestic product (GDP)?Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded as a credible indication. Rising GDP means more employment will be created, and workers will be able to earn higher pay raises. If GDP falls, the economy shrinks, which is bad news for firms and people. A recession occurs when GDP falls for two quarters in a row, which can result in pay freezes and job losses.Gross domestic product (GDP) rises when prices fall by 2% and output rises by 4%.Therefore, gross domestic product (GDP) increases if prices decrease by (C) 2 percent and quantities produced increase by 4 percent.
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The complete question is given below:
Gross domestic product (GDP) increases if prices decrease by ________ and quantities produced increase by ________.
(A) 4 percent; 2 percent
(B) 3 percent; 1 percent
(C) 2 percent; 4 percent
(D) 3 percent; 3 percent
(E) 2 percent; 2 percent
For quantities occurring before the marginal cost curve and average total cost curve intersect, the average total cost curve will be:_______
The marginal cost curve cuts the average cost curve only at its minimum point because it is only here that MC = AC.
The marginal cost, or price of producing more, is the variation in total cost that results from increasing the quantity produced in economics. It can refer to an increase of one unit of output in some settings and to the rate of change of total cost as output increases by a tiny amount in others.
The marginal cost is the slope of the total cost or the rate at which it rises with output, to be measured in dollars per unit while total cost is shown to be in dollars. The difference between average cost, which is the entire cost divided by the number of units produced, and marginal cost is the latter.
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Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limited
BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies like Exxon Mobil and Shell became limited.
BP (British Petroleum) is an integrated oil company which is headquartered in London, United Kingdom. This company is mainly involved in exploring and developing oil and natural gas sources.
BP's competitors were Exxon Mobil, Shell and many other large multinational oil companies. Thus, because of this competition BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies became limited.
Hence, BP also failed to go beyond Petroleum.
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Since its creation in 1944, the role of the imf in the monetary and finance structure has been to?
The functions of the International monetary system in the financial and finance structure have been to help developing international locations address a variety of economic and financial crises / create an orderly worldwide financial gadget/assist participants with the stability of bills troubles on a short-term basis
The worldwide financial Fund (IMF) works to attain sustainable growth and prosperity for all its one hundred ninety member nations. The IMF was mounted in 1944 in the aftermath of the great despair of the Nineteen Thirties. 44 founding member international locations sought to construct a framework for global economic cooperation. nowadays, its membership embraces one hundred ninety international locations, with a workforce drawn from 150 nations.
The IMF monitors the worldwide financial system and international economic traits to perceive dangers and suggest regulations for boom and monetary stability. The Fund also undertakes an ordinary health check of the monetary and financial guidelines of its one hundred ninety member international locations.
The IMF's primary reason is to make certain the stableness of the global economic gadget—the device of change quotes and worldwide payments that allow nations and their residents to transact with every other. The IMF employs three principal functions – surveillance, financial assistance, and technical help – to sell the steadiness of the worldwide economic and monetary device.
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Suppose you transfer $500 from your savings account to your checking account. with this transaction, m1 _____ and m2 _____.
Suppose you transfer $500 from your savings account to your checking account. with this transaction, m1 decreases, and m2 stays the same.
A savings account is interest-bearing savings account at a bank or other financial institution. These accounts typically pay modest interest rates, but their security and reliability make them a great option for storing the cash you need for short-term needs.
There are some limits on frequency, but they are generally very flexible and ideal for building an emergency fund, saving for short-term goals like buying a car or vacation or simply saving excess cash. target. No need to sweep to your checking account so you can earn more interest.
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