assume that (a) the price level is flexible upward but not downward and (b) the economy is currently operating at its full-employment output. other things equal, how will each of the following affect the equilibrium price level and equilibrium level of real output in the short run? a. an increase in aggregate demand.

Answers

Answer 1

The increase in aggregate demand will lead to a temporary increase in the price level but will not result in a substantial change in the output level.

In the scenario described, where the price level is flexible upward but not downward and the economy is operating at full-employment output, an increase in aggregate demand will have specific effects on the equilibrium price level and equilibrium level of real output in the short run.

Given that the price level is flexible upward but not downward, the initial effect of an increase in aggregate demand will be an increase in the equilibrium price level. As demand exceeds supply, firms may raise their prices to capture the increased demand.

This increase in the price level will occur because the economy is already at its full-employment output level, and firms are unable to increase their production beyond this point.

However, the equilibrium level of real output, which represents the total quantity of goods and services produced in the economy, will not change significantly in the short run.

Since the economy is already operating at full-employment output, there is limited capacity to increase production beyond this level.

Therefore, the increase in aggregate demand will lead to a temporary increase in the price level but will not result in a substantial change in the output level.

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Related Questions

hello -

Can the bold sections please be answered ? thank you

Learning Rate If unit 1 requires 180 hours to produce and the labor records for a U.S. Space Force project of 50 units indicates an average labor content of 64.2 hours per unit, what was the learning rate? What total additional number of labor-hours would be required for a follow-on U.S. Space Force Contract of 150 units? What would be the average labor content (in hours) of this second contract?

Of both contracts combined? If labor costs the vendor $12/hour on this second contract and the price to the U.S. Space Force is fixed at $600 each, what can you say about the profitability of the first and second contracts, and hence the bidding process in general?

Answers

We cannot determine the profitability or make any conclusions about the bidding process based solely on this information.

The learning rate can be calculated by dividing the labor content of the first unit (64.2 hours) by the time taken to produce the first unit (180 hours). So, the learning rate is 0.3567 (64.2 / 180 = 0.3567).

To find the total additional labor-hours required for 150 units, we can multiply the labor content per unit (64.2 hours) by the number of units (150). This gives us a total of 9630 labor-hours (64.2 * 150 = 9630).

To calculate the average labor content of the second contract, we divide the total additional labor-hours (9630) by the number of units (150). The average labor content for the second contract is 64.2 hours (9630 / 150 = 64.2).

To find the average labor content of both contracts combined, we add the labor content of the first contract (64.2 hours per unit) to the average labor content of the second contract (64.2 hours per unit). The average labor content of both contracts combined is 128.4 hours per unit (64.2 + 64.2 = 128.4).

Regarding the profitability of the contracts, we need more information about the costs and revenue of the contracts to make an assessment. The given information only provides details about labor hours and prices, but not the total costs or revenues. Therefore, we cannot determine the profitability or make any conclusions about the bidding process based solely on this information.

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The learning rate can be calculated by dividing the labor content of the first unit by the total labor content of the units produced. In this case, the learning rate would be

(180 hours / (50 units * 64.2 hours per unit)) = 0.056 or 5.6%.

For the follow-on contract of 150 units, the additional number of labor-hours required can be calculated by multiplying the average labor content per unit (64.2 hours) by the number of units (150). So, the total additional labor-hours would be

(64.2 hours per unit * 150 units) = 9,630 hours.

To find the average labor content of the second contract, we divide the total labor-hours (9,630 hours) by the number of units (150). The average labor content of the second contract would be 64.2 hours per unit.

The learning rate indicates the rate at which labor productivity improves with experience. In this case, the learning rate of 5.6% suggests that for every doubling of production, the labor content per unit decreases by 5.6%.

For the follow-on contract of 150 units, the additional labor-hours required can be estimated by applying the learning curve. As the number of units increases, the labor content per unit decreases due to increased efficiency and learning effects. The average labor content remains the same as the initial contract, at 64.2 hours per unit.

To evaluate the profitability of the contracts, we need additional information such as the cost structure and overhead expenses. However, based on the given information, we can say that the second contract with 150 units would require a total of 9,630 additional labor-hours, which would incur additional labor costs. If the price per unit is fixed at $600, and assuming other costs remain constant, the profitability of the second contract would depend on the total cost of labor and other expenses compared to the revenue generated.

The bidding process in general should consider the learning curve effect and the potential improvement in labor productivity over time. Bidders need to assess their capabilities, experience, and the expected learning rate to estimate labor costs accurately and ensure profitability.

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describe two examples of human capital that you have developed

Answers

Two examples of human capital that can be developed are:

Education : by enrolling in school, education is developed. During the process of education, skills needed for the production of goods and services in developed.

Job experience : by undertaking internships and summer jobs, labour is developing their human capital.

What is human capital?

Human capital are qualities that labour posses that are useful in the production of goods and services. Human capital is an an intangible asset. It is the economic value attached to labours' skills and expertise.

Examples human capital are:

Education. experience Mental and emotional well-being.   People management. Communication skills.

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Select the correct answer.
Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the
possible controllable risks the company could face. Which risk would be deemed as controllable?

Answers

Oliver is busy planning the launch of his new company. He hired a business professional to act as the interim CEO and asked for a report on the possible controllable risks the company. The firm’s IT architecture risk would be deemed as controllable.

What is a business?

A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.

The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.

There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder. The partner who can lose only what he or she has invested in a business is the general manager.

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Answer:

i think A edmentum

The people who are working for and supporting a company's success are also known as what?
A. Sales leads
B. Prospects
C. Authoritative managers
D. Human resources

Answers

Answer:

D. Human resources

Explanation:

Human resource is the term that describes the people who work for an organization, business, or industry. The term human resource describes the employees, workforce, or personnel in a company.  

Human resource contributes different skills and talents to a business making it succeed.  Anybody who to trade their labor, energy, skills, knowledge, or time for compensation to grow an organization is a human resource. Part-time workers, full-time employees, contractors, and freelancers are all considered human resources in a company.

Answer:

D. Human Resources

Explanation:

Edg2020 quiz

Which of the following is not one of the benefits of using electronic slides as a visual aid

Answers

Answer:

B.  It is difficult to record points made during a meeting on an electronic slide.

One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI

Answers

the answer is A. loan payments on a small business loan

Answer:

A. Loan payments on a small business loan

Explanation:

One cost of starting your own business is loan payments on a small business loan.

What is an application letter?



A: An application letter is used to apply for a specific job and includes keywords from the job posting.


B: An application letter describes in detail your schooling, work experience, and any other experience.


C: An application letter summarizes your intern experience for potential employers.


D: An application letter is used to inquire about open positions or positions that may open in the near future

Answers

Answer:

A: An application letter is used to apply for a specific job and includes keywords from the job posting.

Explanation:

The application letter is the letter in which the employee apply for the particular job to the employee for expressing the interest in the position posted by the employer.

Also it is known as cover letter

Therefore according to the given options the first option is appropriate for the application letter

Answer:

A: An application letter is used to apply for a specific job and includes keywords from the job posting. (apex)

Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?

A. Procurement documents

B. Standard form

C. Organizational process asset

D. Fixed cost contract

Answers

Answer:

D. Fixed cost contract

Explanation:

Sarah has an idea for a new electric tooth brush which she hopes to sell in the United States only. The tooth brush will be novel in its function. Sarah should protect the function of her invention with a

-Utility patent
- Design patent
- Provisional patent
- Plant patent

Answers

Sarah has an idea for a new electric tooth brush which she hopes to sell in the United States only. The tooth brush will be novel in its function. Sarah should protect the function of her invention with a Utility patent.

A utility patent is a type of patent that protects the development of a novel or enhanced useful machine, technique, or product. A utility patent prevents others from producing, using, or commercializing the innovation without permission. Most people usually mean a utility patent when they talk about patents.

A product with a utility patent may also apply for a design patent, which preserves its distinctive visual components and simply calls for drawings of a design and brief text. Design patents are independent and are valid for 14 to 15 years after the date of filing. The innovation must be functional and perform some function in order to qualify for both a utility patent and a design patent. It cannot merely be for show.

Therefore, option A is the correct answer.

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Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?
(THIS IS CRITICAL THINKING!!!)

Answers

One emerging industry that is rapidly gaining attention and investment is the field of renewable energy. With concerns over climate change and a global push for sustainability, the renewable energy industry is seeing significant growth and is expected to continue expanding in the coming years.

Renewable energy encompasses a variety of sources, including solar, wind, hydro, geothermal, and biomass, and offers numerous benefits. For one, it reduces our reliance on nonrenewable resources, such as oil and gas, which are finite and emit harmful pollutants when burned. Renewable energy sources, on the other hand, are clean and emit little to no greenhouse gases, making them a more environmentally-friendly option.

In addition, the renewable energy industry is creating jobs and stimulating economic growth. As more companies invest in renewable energy, new jobs are being created in areas such as installation, maintenance, and research and development. This can also lead to the growth of local economies as companies establish new facilities and infrastructure.

Personally, I would be very interested in working in the renewable energy industry. I believe that it is a rapidly growing field that is making a positive impact on the environment and our society. Working in this industry would allow me to contribute to the development of new technology and solutions to the challenges we face related to energy and climate change.

Another emerging industry that is gaining attention is the field of artificial intelligence (AI). AI is rapidly changing the way we live and work, with applications in fields such as healthcare, transportation, and finance. AI technologies, such as machine learning and natural language processing, are being developed to automate tasks, improve efficiency, and enable new capabilities.

However, the growth of AI also presents challenges and concerns, such as the potential for job displacement and the ethical implications of using AI in decision-making processes. As such, the industry is still in a period of rapid evolution and uncertainty.

Personally, I find the field of AI fascinating and believe it has the potential to make significant positive impacts on society. However, I am also mindful of the potential risks and ethical considerations involved in developing and deploying AI technologies. As such, if I were to work in this industry, I would want to ensure that I am contributing to the development of responsible and ethical AI solutions.

Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?(THIS IS CRITICAL THINKING!!!)

Suppose our firm produces chartered business flights with capital​ (planes) and labor​ (pilots) in fixed proportion​ (i.e., one pilot for each​ plane). The expansion path for this business will A. follow the​ 45-degree line from the origin. B. increase at a decreasing rate because we will substitute capital for labor as the business grows. C. not be defined. D. be a vertical line.

Answers

Answer:

A. follow the​ 45-degree line from the origin

Explanation:

In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots

Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units

So the expansion path equation is y = x

Therefore the option a is correct

Shane is trying to become better active reader. He has spread his reading assignments over the course of a few days, reads when he is most alert, and only reads in place where he can concentrate. What else can he do to be a better active reader?

Answers

Answer: Annotate the text

Explanation:

The options include:

Rewrite what he reads.

Annotate the text.

Try to visualize the text in his head.

Read more pages per day.

Based in the information given, another thing that Shane can do to be a better active reader is for him to annotate the text.

Annotating the text simply means that he can highlight the texts or underlining the key information in the text. He can also write few notes by the margins to help him understand what he's reading better.

marty is buying a lot in another state which will be part of a retirement community. there will be at least 75 lots as part of the community. what does the developer need to give marty before marty signs the contract?

Answers

The developer needs to give Marty a Property Report before Marty signs the contract.

What is a Property Report?

A Property Report is a document that the developer needs to give to the buyer before the buyer signs the contract to buy a property in a retirement community. It provides buyers with detailed information about the community, including facilities, fees, rules, and regulations.

The report should also include information on the developer's background, financial status, and legal problems, if any. The purpose of the Property Report is to help buyers make informed decisions before they commit to buying a property.

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What is the primary difference between common and preferred stockholders?
A. Common stockholders have a higher claim on the business.
B. Preferred stockholders are the only ones who can vote for the
board of directors.
C. Common stockholders are required to be employees of the
business.
D. Preferred stockholders have greater security.
SUBMIT

Answers

Answer:

D

Explanation:

Preferred stock holders have greater security.because in the event of the business failure,they have the first claim in the distribution of company assets.

I hope this helps

A 2-column table with 6 rows titled Your Monthly Net Pay. Column 1 has entries Monthly gross pay, federal withholding, social security, Medicare, state tax, net pay. Column 2 has entries question mark, 238 dollars, 232 dollars and 50 cents, 54 dollars and 38 cents, 236 dollars, question mark.
You have just graduated from college and accepted a position. The salary is $45,000 annually. You have decided to plan your future and see if you can afford a house and a family of three on this salary, or if it is best to wait a couple of years to get more experience and advance in your career. Your first step is to figure out your monthly take-home pay.

Your monthly gross pay is

Answers

So, for a salary of $45,000 per year, your monthly gross pay would be $3,750.

To calculate your monthly gross pay, you need to divide your annual salary by 12.This is the amount of money you earn before any taxes or other deductions are taken out.It's important to understand your monthly gross pay as it forms the basis for calculating your net pay, which is the amount of money you take home after taxes and other deductions are taken out. By looking at the table provided, you can see that federal withholding, social security, Medicare, and state tax will all be deducted from your gross pay, which will leave you with your net pay.

Knowing your net pay is crucial for budgeting and planning your financial future, especially if you are considering buying a house or starting a family.

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Answer:

$3,750,  

Explanation:

edge 2023

On January 2, The Public Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction would be recorded in a cash payments journal.

Answers

To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).

What is petty cash fund?

A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.

The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.

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"making planning in itself is not sufficient."what is the requirement for the business to be successful.​

Answers

Answer:

organization

Explanation:

if you are organized then you will have smoother and cleaner place to work in

Answer:

Do what you think, one day you will surely succeed.

"making planning in itself is not sufficient."what is the requirement for the business to be successful.

Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.

Answers

Answer:

Businesses might prefer selling direct to customers through a website with e-commerce facilities because:

1. For covering a wider distance, distance is not a barrier.

2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.

3. For product and price comparison.

4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.

5. For saving the cost of paying workers.

6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.

Explanation:

The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.

First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.

he process of converting inputs into useful output is called ___These inputs are also known as___Which of the following is not included in this list of inputs? A Energy B. Labor C. Land D. Capital

Answers

The process of converting inputs into useful output is called production. These inputs are also known as factors of production. The one that is not considered as inputs is Energy (option A)

The process of transforming inputs into outputs is known as production. In the manufacturing process, the beginning factors of production result in finished commodities.

The inputs of a production are call the factors of production, which consists of:

LandLaborCapitalEntrepreneurship

Land as a factor of production encompasses all natural resources needed in the production of a products or service. These resources can be renewable, such as forests, or nonrenewable, such as oil, gold, or water.

Labor is the work performed by members of a workforce. Its worth is determined by human capital, or the workers' skills, knowledge, training, and experience.

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Explain how someone can be employed and still live below the poverty line.

Answers


- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue

If manufacturing overhead has been underallocated during the period, and most of the jobs produced have been sold, then O A. finished goods inventory should be increased. OB. Cost of Goods Sold on the income statement should be increased. O C. Cost of Goods Sold on the income statement should be decreased. OD. work in process inventory should be decreased.

Answers

If manufacturing overhead has been under-allocated during the period, and most of the jobs produced have been sold, then b. cost of goods sold on the income statement should be increased

If the period's manufacturing overhead was underallocated, it signifies that the real overhead costs incurred were more than the sum allotted to the goods produced. Since the true overhead costs are not factored into the cost of the goods sold, the cost of goods sold is hence understated.

The amount of the underallocated manufacturing overhead should be ideally added to the cost of goods sold on the income statement to make up for it. This adjustment increases the correctness of the income statement by ensuring that the cost of goods sold accurately represents the actual cost of producing the commodities sold during the period.

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can i have one sentence on how you would describe your favorite icecream

Answers

Answer:

it is chocolatey and peanut buttery and tasty i like moose tracks.

Explanation:

Answer:

My favorite ice cream is minty, with chocolate chunks!

Explanation:

It is a good idea to get and use an many credit cards as possible to build credit history. True False

Answers

False because you can get bad credit if you ever owe the bank money or if you made a late payment

on october 1, year 1, coker company issued a $4,400 face value discount note that carried a 6% annual interest rate and a one-year term to maturity. based on this information, the:

Answers

On October 1, year 1, Coker Company issued a discount note with a face value of $4,400. The note carried a 6% annual interest rate and had a one-year term to maturity.

Discount notes are debt instruments where the face value is greater than the amount paid to acquire the note. The difference between the face value and the amount paid is the discount, which represents the interest to be earned over the life of the note.

In this case, the note was issued at a discount of $264 ($4,400 x 6% x 1 year). This means that Coker Company received $4,136 when the note was issued ($4,400 - $264). Over the life of the note, the interest earned by the holder of the note would be $264, which represents the difference between the face value of the note and the amount paid to acquire it.

At maturity, the holder of the note would receive the face value of $4,400. However, since the note was issued at a discount, the holder would have earned a total interest of $264 over the one-year term of the note. This would result in a total payment to the holder of $4,664 ($4,400 + $264).

In summary, the issuance of a discount note allowed Coker Company to borrow money at an effective interest rate of 6%, while the holder of the note earned a return of 6% over the one-year term of the note.

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Have a good thanks giving everyone.

-Please can we all give thanks and love for Lil Peep, XXX Tentacion, Juice Wrld. Thanksssss. Goodays <3
Enjoy the points. :) <3

Have a good thanks giving everyone.-Please can we all give thanks and love for Lil Peep, XXX Tentacion,

Answers

Thanks for the points

Answer:

R.I.p to the g.o.a.t’s

Explanation:

Question 4 of 10
Buying a new computer for which of these reasons is most likely a sound
financial decision?
A. You liked the ad for it on TV.
B. You need it to do your homework.
C. Your friend has one.
D. You were persuaded by a salesperson.
SUBMIT

Answers

Answer:

B. You need it to do your homework.

Explanation:

A computer is a useful resource in the life of a modern-day student. It gives students access to a lot of educational content available in digital content and through the internet. A computer makes student research work, report writing, and submission a lot easier.

A student investing in a computer is a sound financial decision. The computer will be a useful asset in the life of the student.

Sysco Corporation, formed in 1969, is the largest global distributor of foodservice products, serving over 500,000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in millions).


a. Purchased buildings costing $432 and equipment costing $254 for cash.


b. Borrowed $119 from a bank, signing a short-term note.


c. Provided $55,371 in service to customers during the year, with $28,558 on the account and the rest received in cash.


d. Paid $132,074 cash on accounts payable.


e. Purchased $41,683 of inventory on account.


f. Paid payroll, $6,540 during the year.


g. Received $22,043 on account paid by customers.


h. Purchased and used fuel of $1,750 in delivery vehicles during the year (paid for in cash).


i. Declared $698 in dividends at the end of the year to be paid the following year.


j. Incurred $121 in utility usage during the year; paid $110 in cash and owed the rest on account.


Required:


For each of the transactions, prepare journal entries

Answers

A Journal entry records a business sale in an association's account system.

Journal Entry is the prosecution or recording of an profitable or non-economic operation. The deals are recorded in the general tally, which shows the company's disbenefit and credit balances.

The journal entries are given below:

Sl. no      Particulars                                  Debit                     Credit

a)           Buildings a/c                             $ 432

             Equipment  a/c                         $ 254

             To cash a/c                                                                 $ 686

b)           Cash a/c                                     $ 119

             To notes payable a/c                                                  $ 119

c)            Accounts receivable a/c           $ 28,558

              Cash a/c                                    $ 26,813

             To Service a/c                                                            $ 55,371

d)           Accounts payable a/c               $132,074

              To cash a/c                                                              $132,074

e)            Inventory a/c                            $41,683

             To Accounts payable a/c                                           $41,683

f)            Payroll a/c                                 $6,540

             To cash a/c                                                                  $6,540

g)           Cash a/c                                    $22,043

             To Accounts receivables a/c                                      $22,043

h)           Fuel expenses a/c                         $1,750

             To cash a/c                                                                  $1,750

i)            Dividends a/c                                $698

             To shareholders dividend a/c                                     $698                        

h)           Utility expenses a/c                        $121          

             To cash a/c                                                                      $ 110

             To Accounts payable a/c                                                $ 11

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All of the following are warning signs of debt problems except:
A) You pay your credit card bills in full each period.
B) You receive second and third payments due to notices from creditors.
C) You exceed the credit limits on your credit cards.
D) You use savings to pay for necessities such as food and utilities.
E) The total balance on your credit cards increases every month.

Answers

You exceed the credit limits on your credit cards are warning signs of debt problems except. The answer is OPTION C.

Unmanageable debt can be detrimental to one's general well-being since it exacerbates worry, stress, and sleep disruption. The connections made do not prove how much debt contributes to or detracts from the bigger problems people confront.

If you don't make your payments on priority debts, severe action may be taken against you. You can forfeit your house, lose access to a service, or even wind yourself in jail. Typical examples of priority debts are mortgage payments.

Rising debt has at least four different effects that might negatively impact an economy's performance both now and in the future. Transfers, financial difficulty, bezzle (or fictitious riches), and extra spillover adjustment costs known as hysteresis are some of these.

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Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.

Answers

Answer:

Country A

Explanation:

Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The

Based on the data in the table, has the absolute advantage in producing petroleum is country A.

What is absolute advantage?

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.

Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.

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The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.

The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.

The table shows the terms of a fixed-rate mortgage.Which accurately describes the terms of this mortgage?

Answers

The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.

What is a fixed-rate mortgage?

It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.

C - Monthly payments for 30 years.

D - The interest rate is 4.8 % annually

E -  borrowing $200,000.

Therefore, options C, D, and E explain the fixed-rate mortgage.

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