5 ed out of question Time left 0:55:29 5. a. How does technological change and capital accumulation influence the Production Possibility Frontier? (4 marks) b. Does economic growth avoid opportunity cost? (1 mark)
Answers
a. Technological change and capital accumulation can both influence the Production Possibility Frontier (PPF).
Technological change refers to advancements in technology that improve production processes and increase efficiency. This can shift the PPF outward, allowing for the production of more goods and services with the same amount of resources. It represents an increase in potential output and expands the economy's possibilities.
Capital accumulation, on the other hand, refers to an increase in the stock of physical capital in an economy. This can be achieved through investment in machinery, equipment, infrastructure, and other productive assets. Capital accumulation can also shift the PPF outward by enabling higher productivity and the ability to produce more goods and services. It represents an increase in the economy's capacity to produce.
Both technological change and capital accumulation can lead to economic growth and expand the production possibilities of an economy. By increasing efficiency and enhancing the productive capacity, these factors can positively impact the shape and position of the PPF.
b. No, economic growth does not avoid opportunity cost.
Opportunity cost refers to the value of the next best alternative foregone when making a choice. In the context of economic growth, resources are allocated to investment in capital, research and development, education, and other factors that promote long-term growth. These resources could have been used for alternative purposes, such as immediate consumption or addressing other pressing needs.
Therefore, economic growth involves a trade-off and incurs opportunity cost. The resources devoted to investment and growth could have been used for other purposes, and the benefits of economic growth are obtained at the expense of forgoing alternative uses of those resources.
Society must make choices and allocate resources based on its priorities and preferences, and economic growth is no exception to this fundamental concept of opportunity cost.
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Related Questions
Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
A. No, there is not an error.
B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
Answers
Answer:
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Or
No, there is not an error.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.
What is insurance policy?An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.
Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.
But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.
Thus, option C is correct.
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an annual report
Answers
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
Answer:
The answer is (c) coporate charter
Explanation:
If the government spending multiplier is 2 and government purchases increase by $200 billion,
output will increase by
A) $100 billion.
B) $400 billion.
C) $1,600 billion.
D) $500 billion.
Answers
If the government spending multiplier is 2 and government purchases increase by $200 billion, output will increase by option B) $400 billion.
There are two types of government spending multipliers namely the spending and tax multipliers. When the government increases spending, it can lead to an increase in GDP. The size of this increase can be calculated by the spending multiplier. The spending multiplier can be defined as the increase in final income arising from any new injection of spending. It is the ratio of the change in the equilibrium level of real GDP to a change in autonomous spending, other things remaining the same. The government spending multiplier is the spending multiplier when an increase in government spending is financed by an increase in the national debt. It measures the change in the level of real GDP resulting from a change in government spending financed by borrowing. The formula for calculating the government spending multiplier is as follows:
Government spending multiplier = 1/(1-MPC)
Where MPC is the marginal propensity to consume
In this case, the government spending multiplier is 2.
Therefore, if government purchases increase by $200 billion, output will increase by:
$200 billion x 2= $400 billion
Therefore, the answer is B) $400 billion.
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What are the major provisions of the Equal Credit Opportunity Act? Respond in 3-4 sentences.
Also research what creditors look for? Explain in detail
Answers
Answer:
Explanation:
The major provisions of the Equal Credit Opportunity Act are that it is against the established law for any creditor to differentiate against any applicant, based on certain characteristics such as race, color, religion, national origin, sex, marital status, or age
It is also considered illegal for any creditors to ask questions such as "their marital status or if they have the intention to have children.
Also, the usual practice is to inform any applicants of the status of their credit application, whether it is granted or otherwise within 30 days of application.
Generally, creditors look for information that may suggest that the applicants can easily repay their loan or credit facilities. Such as your income level, and age.
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
The advertising industry was worth how much money in 1920?
$3,000
$300,0000
$3,000,000,000
$300,000,000
Answers
Answer:
3,000,000,000
Explanation:
let me now if I'm wrong
Al is participating in a research study on his smartphone. This is an example of _______ marketing research.
Answers
Answer: The answer is mobile hope this helps have a great day
Explanation:
AI is engaging in the research study through his smartphone is a considered to be an example of mobile marketing research.
What is meant by marketing?Marketing is the process of engaging in promoting the manufactured goods or services in front of the customers which induces them to buy it.
When the research relating to marketing is done through usage of smartphones, then that kind of research is called as mobile marketing. It involves the usage of content by using the functions of smartphones.
Therefore, the provided research done by AI is regarded as the mobile marketing research.
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Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $160,600. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625.
Answers
Answer:
3445dfdffdcvfc vbgvc
Explanation:vvvvvvvvvvvvvvvvvcc ffffffffd
Question 21 (2.17 points) True or False? Outcome evaluation documents how the program got started. 1) True 2) False Question 22 (2.17 points) True or False? Immediate outcomes for mass media might include changes in individual behavior and enactment of policies. 1) True 2) False Question 24 (2.17 points) Which of the following is not considered a potential audience for workplace wellness programs? 1) The "business case" from the perspective of business leaders 2) The employee 3) The "planners, implementers, and evaluators" of workplace programs 4) Local gyms Question 25 (2.17 points) True or False? The practice of "CulturalCare" seeks to assimilate patients into the culture of clinical care. 1) True 2) False
Answers
Question 22: 1) True
Question 24: 4) Local gyms
Question 25: 2) False
Question 22:True. Outcome evaluation does document how the program got started, as it focuses on the initial processes, inputs, and activities that contributed to the program's development.
Question 24:
The potential programs include: 1) The "business case" from the perspective of business leaders, 2) The employee, and 3) The "planners, implementers, and evaluators" of workplace programs. Local gyms, however, are not considered a potential audience for workplace wellness programs.
Question 25:False. The practice of "CulturalCare" does not seek to assimilate patients into the culture of clinical care. Instead, it aims to promote culturally competent healthcare by acknowledging and respecting the diverse cultural backgrounds and values of patients.
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Which change should she make in her outline?
O change step 2 to “click the format tab”
O change step 3 to “open chart title dialog box “
O change step 4 to “type in the chart title”
O change step 5 to “add the chart title”
Answers
Answer:
A
Explanation:
Answer:
B
Explanation:
Find the best decision using optimist criterion of decision under uncertainty Course of Action State of Nature S1 52 S3 A1 25 85 95 A2 40 0 60 A3 65 30 55 a. A2 b. A1 C. A3 d. All of the above
Answers
The best decision using the optimistic criterion of decision under uncertainty is option A1.
It has the highest payoff of 85 for state of nature S3. A1 outperforms the other options (A2 and A3) in terms of the maximum potential outcome. This decision criterion focuses on maximizing the best possible outcome without considering the probabilities of the states of nature. Therefore, A1 is the optimal choice according to the optimistic criterion, as it offers the highest payoff in the most favorable state of nature.
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the budgeting process begins with the preparation of the ______ budget.
Answers
The budgeting process usually begins with the preparation of the sales or revenue budget.
This budget is the foundation of the entire budgeting process because it outlines the expected sales revenue for the budget period, which serves as the basis for creating other budgets.
The sales or revenue budget is typically prepared by the sales department, in conjunction with the marketing and finance departments. It is based on the company's historical sales data, market trends, and any changes in the competitive landscape. The budget also takes into account any new product launches, marketing campaigns, or sales initiatives that are planned for the budget period.
Once the sales budget is completed, the production budget can be developed. This budget outlines the number of units that must be produced to meet the sales targets outlined in the sales budget. The production budget is based on factors such as production capacity, lead times, and inventory levels.
From there, the operating budget can be developed, which includes all of the expenses associated with running the business, such as salaries, rent, utilities, and supplies. The operating budget is closely tied to the sales and production budgets, as it must be aligned with the expected level of activity for the budget period.
Finally, the cash budget is developed, which outlines the company's expected cash inflows and outflows for the budget period. The cash budget takes into account the sales and production budgets, as well as the operating budget, to ensure that the company has sufficient cash on hand to meet its obligations.
In summary, the budgeting process begins with the preparation of the sales or revenue budget, which serves as the foundation for creating other budgets such as the production budget, operating budget, and cash budget. The sales budget is based on historical data, market trends, and planned sales initiatives, and is closely tied to the other budgets in the budgeting process.
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List and explain 10 Personal Finance Strategies.
Answers
Answer:
Explanation:Devise a budget. A budget is essential to living within your means and saving enough to meet your long-term goals. ...
Create an emergency fund. ...
Limit debt. ...
Use credit cards wisely. ...
Monitor your credit score. ...
Consider your family. ...
Pay off student loans. ...
Plan (and save) for retirement.
you are in talks to settle a potential lawsuit. the defendant has offered to make annual payments of $25,000, $30,000, $60,000, and $90,000 to you each year over the next four years, respectively. all payments will be made at the end of the year. if the appropriate interest rate is 4.7 percent, what is the value of the settlement offer today?
Answers
The value of the settlement offer today is $174,323.56..
To calculate the value of the settlement offer today, we need to use the present value formula. We will discount each payment back to today's value using the appropriate interest rate of 4.7 percent.
The present value of the first payment of $25,000 one year from now is:
$25,000 / (1 + 0.047)^1 = $23,854.49
The present value of the second payment of $30,000 two years from now is:
$30,000 / (1 + 0.047)^2 = $27,575.82
The present value of the third payment of $60,000 three years from now is:
$60,000 / (1 + 0.047)^3 = $50,397.56
The present value of the fourth payment of $90,000 four years from now is:
$90,000 / (1 + 0.047)^4 = $72,495.69
Now, we can add up the present values of all four payments to get the total settlement value today:
$23,854.49 + $27,575.82 + $50,397.56 + $72,495.69 = $174,323.56
Therefore, the value of the settlement offer today is $174,323.56.
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Swifty Racers makes bicycles. It has always purchased its bicycle tires from the Carla Vista Tires at $24 each but is currently considering making the tires in its own factory. The estimated costs per unit of making the tires are as follows: Direct materials $8 Direct labor $4 Variable manufacturing overhead $7 The company’s fixed expenses would increase by $68,000 per year if managers decided to make the tire. (a1) Calculate total relevant cost to make or buy if the company needs 10,800 tires a year.
Answers
To calculate the total relevant cost to make or buy tires, we need to consider the total cost of making the tires and compare it to the cost of buying them.
Buying the tires:
Cost per tire = $24
Total cost for 10,800 tires = $24 x 10,800 = $259,200
Making the tires:
Direct materials cost per tire = $8
Direct labor cost per tire = $4
Variable manufacturing overhead per tire = $7
Total variable cost per tire = $8 + $4 + $7 = $19
Total variable cost for 10,800 tires = $19 x 10,800 = $205,200
In addition to the variable costs, there are fixed costs associated with making the tires. The fixed expenses would increase by $68,000 per year if the company decided to make the tires. To calculate the total cost of making the tires, we add the variable costs and the fixed costs:
Total cost of making 10,800 tires = $205,200 + $68,000 = $273,200
Comparing the total costs:
Buying 10,800 tires = $259,200
Making 10,800 tires = $273,200
Based on these calculations, it is more expensive to make the tires than to buy them. Therefore, Swifty Racers should continue to purchase their bicycle tires from Carla Vista Tires.
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Is progressive tax a indirect tax?
Answers
Progressive tax a indirect tax. Based on the idea of ability to pay, a progressive tax takes a greater percentage of income from high-income groups than from low-income groups.
Define the term progressive tax?A progressive tax is one that levies a higher percentage of income from high-than-low income groups.
A tax that applies the same percentage of income to all income groups is known as a proportional tax. Regressive taxes are those that take a greater percentage of income from low-income groups than from high-income groups.In a progressive tax, which is based on the idea of ability to pay, a higher percentage of income is taken from high-income groups than from low-income groups.An income-related average tax burden is referred to as a progressive tax. Low- and middle-income taxpayers bear a disproportionately small share of the tax burden, compared to high-income families.Thus, as regressiveness is typically associated with indirect taxes. Since the indirect tax rate is constant regardless of income, it is progressive in nature.
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The Monarch Division of Allgood Corporation has a current ROI of 13 percent. The company target ROI is 9 percent. The Monarch Division has an opportunity to invest $5,700,000 at 11 percent but is reluctant to do so because its ROI will fall to 12.24 percent. The present investment base for the division is $9,300,000. Required Calculate the current residual income and the residual income with the new investment opportunity being included. Based on your answers to requirement a, should Monarch Division make the investment?
Calculate the current residual income and the residual income with the new investment opportunity being included.
Based on your answers to requirement a, should Monarch Division make the investment?
Answers
Answer and Explanation:
The computation is shown below:
Current residual Income is
= current investment base × (Current ROI - Target ROI)
= $9,300,000 × (13% - 9%)
= $9,300,000 × 4%
= $372,000
Now
New residual income is
= (New investment base) × (New ROI - target ROI)
= ($9,300,000 + $5,700,000) × (12.24% - 9%)
= $15,000,000 × 3.24%
= $486,000
Yes, Monarch division should make the investment because the new residual income is more than the present residual income
Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account
Answers
Answer:
14.96
Explanation:
Calculation to determine For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end
Using financial calculator to determine the Number of years
I/YR= 7.50%
PV=$300,000
PMT=$35,000
FV=$25,000
N=?
Hence,
N=14.96 years
Therefore For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end will be 14.96 years
What is another factor that would be good to consider before choosing a career cluster?
A.
whether your friends are thinking about pursuing a career in that cluster
B.
whether your parents will be happy with you choosing that career cluster
C.
whether that career cluster is needed in the local economy
D.
whether that career cluster could elevate your social status
Answers
Answer:
D.
whether that career cluster could elevate your social status
Explanation:
hope it helps
What is the difference between paperback and mass market paperback?.
Answers
Answer:
Mass market paperbacks are cheaper and smaller than trade paperbacks.
Explanation:
An annuity owner receives the same guaranteed payment every month. what type of annuity is it?
Answers
It is Fixed annuities.
The three primary annuity kinds are immediate or deferred variable annuities, fixed annuities, and fixed indexed annuities. When you will start receiving payments is indicated by the immediate and postponed classes. Fixed annuities ensure that the purchase money will receive a minimum amount of interest. The amount of income paid does not change from one payment to the next. A fixed annuity is a sort of insurance contract that guarantees the purchaser will receive a certain interest rate on their account contributions. A variable annuity, on the other hand, offers interest payments that may change according to the performance of an investment portfolio that the account owner has chosen.
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2. Answer the following questions about the letter:
a. Who is the sender of this letter? (1 point)
b. Who is the recipient of this letter? (1 point)
c. What is the purpose of this letter? (2 points)
Answers
Note that the letter referenced in this question is unavailable so we can look at an alternative. (See the attached.)
In this case:
The Sender is: James JohnThe recipient is the Manager at Sun Bank; andThe purpose of the letter is to apply for a job.What is a letter important?
A letter is important as it serves as a means of communication and helps convey thoughts, ideas, and information from one person to another.
A letter can be used for personal or official purposes and can play a significant role in establishing relationships, resolving conflicts, or making important decisions.
A well-written letter is an effective tool for conveying messages, as it allows for clear and concise communication, and provides a record of the message for future reference.
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Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answers
Answer:
The chart is placed in a database with five groups.
Hope this helped.
Formal education is one way in which an aptitude can be learned.
O True
O False
Sul
Next
Mark this and return
Help pla
Answers
Answer:
True
Explanation:
An "aptitude" tells the person's academic ability or capability to become proficient in a specific field. This ability can be both natural or acquired, which means that some people are simply born with it while others have to learn from scratch.
One way to develop one's aptitude is by "formal education." Being educated allows people to function in the society, which can be used for future employment. Companies provide an assessment to applicants in the form of aptitude test in order to know whether they're most likely to perform well in the position.
Answer:
True
Explanation:
EDG 2021 :)
Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?
Answers
Answer:quit school and beco
Explanation:
Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
What is a best practice to follow when sending instant messages at work?
A.
Message your coworkers whenever it’s convenient for you.
B.
Whenever possible, use abbreviations to save time.
C.
Use instant messages for personal conversations, such as making dinner plans.
D.
Keep your messages brief and work-related because the recipients may be busy.
Answers
If I'm correct, the answer should be D.
It's the most likely answer.
Predict: How might learning tasks that are not part of your regular job make you a more valuable employee ?
Answers
Answer:
Success, Power, and Politics in the Workplace.
Strive to Understand and Support His Goals.
Communicate at the Right Volume.
Be Careful With the Water Cooler Conversations.
Save Her From Unwelcome Surprises.
Always Go in With a Plan.
Build Bridges Across the Organization.
Show off Your Work Without Being Obnoxious.
Explanation:
Answer:
Learning other tasks makes u more efficient your boss will begin to value u and your efforts to make his work better
Following ethical standards that have been outlined by the company you work for are___standards(apex)
A.professional
B.personal
C.industry
D.organizational
Answers
Answer:
D. organizational
Explanation:
You must focus on both your personal life and profession. Just got the question right on apex.
Answer:
The answer is D. Organizational
Explanation:
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.