B. Addicts will have more inelastic demand; their level of consumption will be less responsive to price changes.
For example, when there is a relationship between changes in quantity demanded and the price of a good or service, the elasticity is called the price elasticity of demand. There are two other main types of elasticity of demand. That is, the income elasticity of demand and the cross elasticity of demand.
The question is incomplete. Please read below to find the missing content.
Question: Suppose that the market for crack cocaine consists of two types of users, addicts, and casual users. Casual users only use the drug occasionally, whereas addicts go to much greater lengths to make sure they have some of it readily available whenever they feel the need to consume it.
What would you predict about the demand elasticities for these two types of consumers?
A. Addicts and casual users are both likely to have very elastic demand.
B. Addicts and casual users are both likely to have very inelastic demand.
C. Casual users will have more elastic demand; their level of consumption will be less responsive to price changes.
D. Addicts will have more inelastic demand; their level of consumption will be less responsive to price changes.
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Suppose that $4000 is invested at an interest rate of 5.3% per year, compounded continuously. What is the balance after 3 years
Compound interes, $ 4760.22 is the balance after 3 years.
If the compound interest continuously for + years
at rater per year then the compounded amount is given by D= $4000
A = Pert.
5.84. 5-8
A = 4000xe (0.058)(3)
+ = 3 years.
= $4760.22.
Compound interest is calculated by multiplying the original loan amount or principal amount by 1, plus the annual interest rate, which is the number of compounding periods minus 1. This will give you the total loan amount including compound interest.
The monthly compound interest formula is used to calculate compound interest per month. The formula for compounding monthly interest is CI = P(1 + (r/12) )12t - P. where P is the principal amount, r is the decimal interest rate, and t is the time.
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If the interest rate on a note is 12.5 nd the principal was $57,000. What is the maturity value of the note, if the term of the note is 5 months? (round your final answer to the nearest dollar.)
The maturity value is $59,969
interest = most important * price of hobby * 5/12
hobby = $57,000 * 12.5%* 5/12
hobby = $2,969
adulthood cost = major + hobby
maturity cost = $57,000 + $2,969
maturity value = $59,969
Adulthood cost is the quantity due and payable to the holder of a monetary duty as of the maturity values of the obligation. The term commonly refers to the ultimate major stability on a loan or bond. in the case of security, adulthood cost is the same as par cost.
The adulthood fee formula is V = P x (1 + r)^n. you notice that V, P, r, and n are variables in the method. V is the adulthood price, P is the original important amount, and n is the wide variety of compounding intervals from the time of problem to the adulthood date. The variable r represents that periodic hobby fee.
Maturity values allow you to estimate the destiny value of cash and hence assist you in better planning for your destiny financial wishes. Maturity values are counted because they are able to affect your economic making plans by using simply showing how a whole lot of money you will have available at a given time in the future.
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The north american region with the greatest disparity in income between rich and poor is:_____.
Answer:
Southeast
(For extra words)
The North American region with the greatest disparity in income between rich and poor is the Southeast.
What is disparity in income?Income inequality is the unequal distribution of income among a population. The less evenly distributed the money is, the greater the income discrepancy. Income inequality and wealth inequality usually coexist. Wealth inequality is the unequal distribution of wealth.
The rise in economic disparity in the United States is due to a number of factors. These include, in no particular order, globalization, technical advancement, the deterioration of unions, and the diminution of the purchasing power of the minimum wage.
Income inequality in the context of economics refers to a significant disparity in the way that individuals, groups, communities, social classes, or countries allocate their income. Income inequality is a key factor in social class and stratification.
Thus, it is Southeast.
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In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $25,000. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift
Joshua will not be responsible for paying any gift tax since the value of the share is precisely 15,000. In the year 2019, each share is worth a total of $25,000.00. Because there is no tax on gifts, the value of Joshua's inheritance would have been increased by $25,000 if he had not given the stock to his son in 2018, but instead kept it for himself. This is further explained below.
What is Internal Revenue Service?Generally, The Internal Revenue Service is in charge of collecting taxes for the country and enforcing the Internal Revenue Code that Congress passed.
In conclusion, It has come to light that Joshua made a gift of XYZ shares worth $15,000 to his kid during the year 2018. This is regarded as a gift and hence may be subject to gift taxation. On the other hand, the Internal Revenue Service will not tax any gifts up to the value of $15,000 given in 2018.
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Cash payments for steel to be used in the production process would be an example of:_______
Cash payments for steel to be used inside the manufacturing system might be an example of sunk costs.
A sunk cost, now and again referred to as a retrospective price, refers to an funding already incurred that cannot be recovered. Examples of sunk charges in enterprise consist of advertising, studies, new software program set up or device, salaries, and advantages, or facilities charges.
A sunk cost refers to a price that has already passed off and has no capability for healing inside the destiny. as example, your rent, advertising marketing campaign prices, or money spent on the new system can be considered sunk charges. A sunk value also can be known as a past price.
Examples of sunk charges:
advertising expenditure. in case you market it a new product, that money is long gone and can't be retrieved.studies into a new product. Labor expenses. set up a brand new software program device and operating practices.lack of reputation and commercial enterprise connections.The other sunk price is a prospective value, which is a sum of money due depending on future business or economic decisions. for instance, a successful commercial enterprise may additionally take on potential prices most effective if its selection-makers determined to increase, inclusive through constructing a new plant.
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Product-oriented vision statements provide managers with multiple choice goals for employee development. goals to improve service. strategic flexibility. ways to solve customer problems.
Product-oriented vision statements provide managers with goals to improve service.
What is product-oriented vision?A product-oriented vision is very essential in a business when iot comes to the production of good or service provided.
This is force that help the managers to take a more myopic view as regards competitive landscape by providing solutions to customer needs, hence Product-oriented vision statements provide managers with goals to improve service.
It should be noted that product vision statement is very essential in business or organization, because it help to describes the reason why the particular product is been made.
This statement also explains what the product is made for as well as why and what makes the product to be different.
With the help of product vision statement , clarity on why a product exists can be established and this help to sell the product.
Therefore, this statement helps in development of the product as well as the ties of all efforts together.
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A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they:______
A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they add enough value to products to outweigh the added costs.
What is marketing?Marketing refers to all actions taking by an entity towards attracting the interest of potential buyers. It consists of all activities, aimed at promoting immediate sales.
In other words, companies market their products so that they can get people interested in buying them. Also, it involves getting to know what exactly customer wants and how to meet those want.
It is to be noted that marketing includes market research and advertising. It applies to operations undertaken by an organization that facilitate the purchase or sale of a commodity, service or good hence one of the key industry and trade elements.
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First tennessee bank introduced a new program that allowed employees to determine their own work schedules. This type of program is called as?
First Tennessee bank introduced a new program that allowed employees to determine their own work schedules. This type of program is called Flextime.
The most popular, most manageable, and most economical flexible work option is flextime. It provides flexibility in terms of when people arrive, leaves, and/or eat meals, usually with a set core period in the middle of the day when everyone on staff is present.
Flextime is a system that permits workers to change the time they arrive at or leave work as long as they put in the required overall amount of hours.
Employees that participate in flexible scheduling can pick the start and end periods of their workday. Employees that have flexible scheduling must normally work during the business hours of their employer. Because they enable employees to successfully balance their work and personal lives, flexible work arrangements are popular.
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Fine properties, inc. , negotiates with general maintenance corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be.
Fine Properties, Inc. negotiates with General Maintenance Corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be: difficult
What Are Liquidated Damages?
A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. The amount of the liquidated damages is supposed to be the parties' best estimate at the time they sign the contract of the damages that would be caused by a breach. If a breach occurs and the liquidated damages clause is enforceable, the parties do not calculate the actual damages (i.e., how much money a party actually lost as a result of the breach). Instead, the breaching party pays the predetermined sum provided by the liquidated damages provision.
How to set liquidated damage amount :
liquidated damages provisions are enforceable only if the damages are difficult to estimate, which makes it challenging to set an amount in the contract. Each party should make an effort to provide a rough estimate of how much money a breach would cost their business and negotiate an amount that is fair to both parties. If your contract concerns a long-term project, such as a construction contract, consider a liquidation provision that sets a fee for each day the completion of a project is past due.
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While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation. True or false?.
This statement is True.
While stockholders elect the board of directors of a corporation, the board of directors hires the president, vice president, and other officers, who manage the corporation.
Who are the board of directors in the company?A corporation's board of directors, chosen by the stockholders. The board of directors is made up of one or more members, also known as directors, who are all typically a mix of company insiders (like officers and stockholders) and outsiders (non-company persons), each of whom is a natural person. The management of the corporation eventually falls within the board's purview.Who are the stockholders?Any individual, business, or organization that has stock in a corporation is a shareholder.A shareholder of a firm may own just one share.As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.Learn more about board of directors is here:
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ABC Corp. plans to issue subordinated notes that include warrants. The warrants allow investors to purchase ABC common stock. Based on this information, which is most likely true of the notes
It could pay a lower interest Common stock.
With the inclusion of warrants with the subordinated notes, the enterprise could pay a lower interest rate because of this added and appealing feature. Also, the notes will probably be more marketable (investors could be extra willing to shop for these notes while they're issued). The warrants no longer make it harder to sell the security within the secondary marketplace.
Common stock is a security that represents ownership in a corporation. In a liquidation, not unusual for stockholders to get hold of something property that remains after lenders, bondholders, and favored stockholders are paid. There are one-of-a-kind sorts of stocks traded within the market.
Common stock is a type of protection that represents ownership of fairness in an enterprise. There are different phrases – which include not unusual proportion, ordinary proportion, or balloting percentage – which might be equivalent to commonplace inventory.
Not unusual inventory is a form of company equity possession, a type of security. The terms vote casting proportion and ordinary share also are used frequently outside of the USA. they're known as fairness shares or regular stocks inside the united kingdom and other Commonwealth nation-states.
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When must a listing agent present the disclosure regarding real estate agency relationships to the seller?
A listing agent must present the disclosure regarding real estate agency relationships to the seller prior to accepting the listing.
A listing agent represents the seller in a real estate sale. Their job is to set a competitive price for the home which they have to sell, and then bring in potential buyers to see it.
Prior to accepting the listing, a listing agent has an important work to do, as they must present the disclosure regarding real estate agency relationships to the seller. The burden of disclosure falls mainly on the seller.
Hence, the seller must disclose all material facts which may affect the value of the property.
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When the economy fell into a recession in 1957, president eisenhower and congress battled over which budget issues?
When the economy fell into a recession in 1957, president Eisenhower and congress battled over budget issues in which democrats wanted to expand housing, urban development, and public works projects, but Eisenhower refused.
What was the recession in 1957?The Eisenhower Recession, often known as the 1957-58 recession, was a severe worldwide economic depression in 1958. The recession's impact went beyond the borders of the United States to Europe and Canada, leading numerous enterprises to close. It was the most substantial recession during the postwar boom between 1945 and 1970, resulting in a steep economic drop that lasted only eight months. Most of the lost ground had been reclaimed by the time recovery began in May 1958. As 1958 came to a close, the economy was on its way to new highs in employment and output.When the economy entered a slump in 1957, President Eisenhower and Congress clashed over budget concerns, with Democrats wanting to expand housing, urban development, and public works programs while Eisenhower resisted.Therefore, when the economy fell into a recession in 1957, president Eisenhower and congress battled over budget issues in which democrats wanted to expand housing, urban development, and public works projects, but Eisenhower refused.
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Internet sites, physical stores, and kiosks are most closely associated with which element of the marketing mix?
Internet sites, physical stores, and kiosks are most closely associated with the 'Place' element of the marketing mix.
Place refers to the location of the product, including its availability online and in physical stores, as well as how it will be exhibited.
The choice is crucial: Luxury cosmetics manufacturers would want to have their products sold in Sephora and Neiman Marcus rather than Walmart or Family Dollar. Business executives always strive to put their goods in front of customers who are most inclined to purchase them.
This entails placing a product only at selected retailers and ensuring that it is attractively displayed.
The term "placement" also refers to marketing a product in the appropriate media to attract customers.
Hence, Place is the element of the marketing mix which is most closely associated with internet sites, physical stores, and kiosks.
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Describe the three problems that make the cpi an imperfect measure of the cost of living.
The problems that make CPI an imperfect measure of the cost of living
The cpi value does not reflect changes in the quality of goods and services that are in the basket of goods.The CPI does not reflect spending patterns between individual households. The CPI ignores the presence of substitute goods and this causes the CPI to be overstated. This known as the substitution bias. What is the CPI?CPI is an abbreviation of consumer price index. The consumer price index measures the changes in price of a basket of good that is consumed by people in a country. It is used to measure inflation.
The formula used to determine CPI is :
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
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If the government puts a $5 tax per mp3 player on buyers of mp3 players, then the price paid by buyers of mp3 players would likely?
The price paid by buyers of mp3 players would likely to increased by less than $5. Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Taxpayers can manage their finances to increased effects of taxes by having a clear understanding of what causes a tax situation. There are numerous types of taxes, and the most are levied as a percentage of a financial transaction.
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6. Ben has earned a good salary for many years and is ready to start investing. He is in his
mid-50s and is interested in the bond market. He would like to make strong returns on his
investments in a short amount of time. Describe in detail all the steps Ben should take when
investing his money in the bond market.
The steps that Ben should take when investing his money in the bond market are
assess his risk tolerancehave a plan for asset allocationassess the bond investment performanceseek advice from brokers.invest in the best marketWhat should Ben do to invest the bond?Because Ben is willing to make strong return in short time, he can choode to invest in corporate bonds.
These Corporate bonds are issued by companies and the Issuing of bonds is another way for companies to access cash without diluting ownership through additional shares.
Therefore, the option of corporate bonds will be the best investment to make a strong return in short time.
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Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $9,088. Federal Insurance Contributions Act (FICA) tax for Social Security is 6.2% on the first $137,700 of earnings each calendar year and the Federal Insurance Contributions Act (FICA) tax for Medicare is 1.45% of all earnings. The Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,507.97. What is the amount of the employer's payroll taxes expense for this employee
Payroll Taxes = FICA-SS Tax + FICA-Medicare Tax + FUTA Tax + SUTA Tax
Payroll Taxes = $575.861 + $134.682 + $42.003 + $378.004 = $1,130.541
FICA—Social security $9,288 × 0.062 = $575.862
FICA—Medicare $9,288 × 0.0145 = $134.683
FUTA $7,000 × 0.006 = $42.004
SUTA $7,000 × 0.054 = $378.00
A payroll tax is required to be deducted from employees' paychecks under the Federal Insurance Amounts Act (FICA), a 1935 U.S. statute that also requires employers to make matching contributions. The funds raised are utilized to pay for Social Security and Medicare.
The original intent of the act was for working individuals to pay a specific percentage of each paycheck they received during their working years into Social Security (and later Medicare) in order to be able to rely on earned financial and health benefits in their older years.
Self-employed people must pay taxes on their net income under the Self-Employment Contributions Act (SECA) of 1954 in order to support Social Security and Medicare.
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Year 1-year forward rate 1 5. 8 % 2 6. 4 % 3 7. 1 % 4 7. 3 % 5 7. 4 % what would the yield to maturity be on a four-year zero-coupon bond purchased today?
Answer:
1. =((1.05)*(1.055)
Explanation:
done!
Using scheme, write a procedure called bigger that takes a list and a number as parameters and returns a list of all elements of the list that are larger than the number.
What are some of the problems that have resulted for quinoa farmers of bolivia now that quinoa is a valued commodity in the global market?
The correct option of "what are some of the problems that have resulted for quinoa farmers of Bolivia now that quinoa is a valued commodity in the global market?" is (D) all of the answer choices are correct.
Problems faced by quinoa farmers?First, high prices brought into cultivation land that was previously left fallow, leading to erosion and nutrient loss. Second, farmers who are cultivating more quinoa and earning more money for it have reduced their llama herds, resulting in less dung available for fertilizer and soil protection.New and traditional farmers disagree on how to respect the land and how cash crop profits should be used in the community. New farmers are required to employ more expensive technology and fertilizers than llamas, who have a symbiotic relationship with the crop.Quinoa, a nutritious crop, has been phased out of many people's diets since it can be sold to the Global North.Therefore, the correct option of "what are some of the problems that have resulted for quinoa farmers of Bolivia now that quinoa is a valued commodity in the global market?" is (D) all of the answer choices are correct.
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The complete question is given below.
What are some of the problems that have resulted for quinoa farmers of Bolivia now that quinoa is a valued commodity in the global market?
Select one:
a. New farmers must use expensive machinery and fertilizers more often than llamas, who have a symbiotic relationship with the crop.
b. Quinoa, a healthy crop, has been removed from many people's diets since it can be sold to the Global North.
c. New and traditional farmers clash in terms of their ideas about respecting the land and how money from the cash crop should be used in the community.
d. All of the answer choices are correct.
The cost of advertising is part of the firm's _______ costs and if advertising enables the firm to sell a greater output, its average total cost _______
The cost of advertising is part of the firm's variable cost and if advertising enables the firm to sell a greater output, its average total cost does not change.
Variable costs are dependent on the production output and sales. The variable cost of production is a constant amount per unit produced.
As the volume of production and output increases, variable costs will also increase. Alternatively, when fewer products are produced, the variable costs associated with production will consequently decrease.
Different examples of variable costs are sales commissions, cost of raw material, direct labor costs, used in production, and utility costs.
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If an investment company is trading in the market at a price that is higher than nav, this signifies that the fund is:_______.
This means that the fund trading at a top class will have a better rate than their similar NAV.
If the fund is in high demand and occasionally delivers, the marketplace charge will commonly exceed the NAV. If there's a low call for and plenty of delivery, the marketplace rate will generally decrease than the NAV.
A discount to internet asset fee refers to while the market charge of a mutual fund or ETF is trading underneath its internet asset value (NAV). a reduction to NAV is most customarily pushed with the aid of a bearish outlook on the securities in a fund.
if you are a brand new mutual fund investor you would really like to recognize what is NAV in mutual funds. NAV or internet Asset price is the unit price of a mutual fund scheme. Mutual finances are sold or offered on the idea of NAV.
The NAV (on a consistent with-share foundation) represents the price at which buyers should purchase or sell units of the fund. whilst the cost of the securities within the fund will increase, the NAV increases. when the fee of the securities in the fund decreases, the NAV decreases.
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Free entry means that:________
a. the government pays any entry costs for individual firms.
b. a firm's marginal cost is zero.
c. no legal barriers prevent a firm from entering an industry
The correct option is (c) no legal barriers prevent a firm from entering an industry.
No legal barriers:
Non-legal writing non-legal careers anything unrelated to the law or the legal profession.
Because, the industry is free and flexible for enter and exit and no other government interventions will be applicable in that free entry no barriers is there and movability will be [tex]100%[/tex] for any industry.
Not option (a) Because, the government really levies admission fees for certain types of businesses due to the legal issues surrounding certain businesses and fields, hence they never reimburse the fees.
Not option (b) because, Because it is a government supported program and private businesses cannot participate for free, only semi-government or completely government can do the same, government financed research never helps in sustaining in lower cost patients and hurdles.
Not option (c) because, If a company is operating a successful and reliable business, its marginal cost cannot be zero, and thus will normally not provide free entrance into any industry or type of business.
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During 2014, carlita's competitor farside had double the sales of carlita, but it also earned a gross margin of $30,000. what was farside's 2014 gross margin percentage?
The gross margin percentage is 12.5%.
Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.
Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.
Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.
Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.
Farside's gross margin percentage
= (Gross margin / Sales) * 100
= ($30,000 / $240,000) * 100
= 12.5%
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Which balanced scorecard perspective helps top management focus on what the organization must excel at to effectively meet its financial objectives and customers' expectations?
controlling a balanced scorecard perspective helps top management focus on what the organization must excel at to effectively meet its financial objectives and customers' expectations
A balanced Scorecard is a strategic performance management tool. A well-structured report that managers can use to track the execution of activities by employees under their control and monitor the results of those actions.
The Balanced Scorecard is a management system intended to translate an organization's strategic objectives into a set of organizational performance objectives that are measured as needed to ensure that the organization's strategic objectives are met. , monitored, and corrected.
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From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either "Passive or Interactive."
What is IMC?Integrated marketing, which coordinates all facets of a brand's marketing, is a systematic method to merging communications with interactive experiences targeting specific markets and individuals.
Some characteristics of integrated marketing communication are-
The goal of integrated marketing is to increase brand knowledge, familiarity, favorability, and buy intent. When communications are coordinated across channels, the outcomes are much greater than when using a less integrated strategy that does not coordinate.The integration between marketing has never been challenging or more crucial due to the emergence of a variety of new digital advertising platforms during the past ten years.The integrated marketing communications (IMC) plan transforms your marketing department from a collection of independent operations into one cohesive strategy. IMC combines your numerous marketing materials and channels, including digital, social media, PR, and direct mail, into one trustworthy message.To know more about integrated marketing communications, here
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The most rigorous test of a firm's ability to pay its short-term obligations is its?
The working capital ratio is a measurement of a company's short-term capability of paying its financial obligations.
The working capital turnover ratio measures how efficaciously a business makes use of its operating capital to supply sales. A better ratio indicates greater efficiency. In preferred, an excessive ratio can assist your employer's operations to run greater easily and limit the want for added funding.
The working ratio measures a corporation's potential to recover running expenses from annual sales. It's miles calculated by taking general annual fees, aside from depreciation and debt-related charges, and dividing it by the yearly gross income.
The current ratio, also known as the working capital ratio, gives a short view of an enterprise's financial health. You could calculate the current ratio by taking contemporary assets and dividing that discern by means of current liabilities. A ratio above 1 way current belongings exceed liabilities.
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Firms are able to gain a better understanding of customers' service expectations by using quantitative and qualitative market ______, which can be extensive and expensive.
Firms are able to gain a better understanding of customers' service expectations by using quantitative and qualitative market research, which can be extensive and expensive. Market research is the practice of evaluating the viability of a new service or product by interviewing prospective customers firsthand.
Market research enables a business to identify the target market and obtain consumer comments and other input regarding their interest in the good or service. By speaking with potential customers directly, businesses employ market research to assess the viability of new good or service. Focus groups, polls, and product testing are all part of research.
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No entries shall be allowed for district meets which are not submitted to the director on or before the ____ day before the first day of the meet.
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
What is district ?A district is a type of administrative division that is managed by the local government in some countries. Districts vary widely in size around the world, spanning regions or counties, numerous municipalities, subdivisions of municipalities, a school district, or a political district.
A district is defined as a region set apart or put together as a single distinct area for political or administrative purposes. A district is an area of a town that elects a single mayor who is shared by everyone in the area.
A district is a section of a country, city, or town designated by the government for official purposes.
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