The fictional country of Florin currently has a real GDP of $1 billion and is growing at an average annual rate of 7%. The neighboring fictional country of Guilder currently has a real GDP of $16 billion and is growing at an average annual rate of 3.5%. Use these numbers to answer the next three questions. Question 28 2 pts Using the rule of 70, how many years will it take Florin's real GDP to double? For full credit, show your work.

Answers

Answer 1

Using the rule of 70, we calculate that it will take approximately 1000 years for Florin's real GDP to double at an average annual growth rate of 7%.

The rule of 70 is a formula used to estimate the number of years it takes for a variable to double based on its growth rate. To calculate the number of years it will take for Florin's real GDP to double, we can use the formula:

Number of years = 70 / Growth rate

For Florin, the growth rate is 7%. Plugging in this value into the formula, we get:

Number of years = 70 / 7% = 70 / 0.07 = 1000

Therefore, it will take approximately 1000 years for Florin's real GDP to double at an average annual growth rate of 7%.

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Related Questions

what is a good reason why you got a answer wrong

Answers

Answer:

Click it by mistake

Explanation:

What is characteristic of an organization in which salespeople do most or all of their own marketing?

independent
small size
nonprofit
private

Answers

Answer:

private

Explanation:

people are doing private marketing to earn money for themselves

What are the responsibilities at QT (drop off)

Answers

The regular activities of Quiktrips involve servicing several clients with purchases and other services. Since breaks are dependent on client density, store employees must stand for the majority of each shift. Key duties for clerks continue to be inventory availability and facility cleanliness.

The store and kitchen duties are covered in at least 46 hours of training for Quiktrips staff. Additional training for fuel desk jobs will be provided to new hires working in travel centers. Applicants for part-time jobs must be at least 16 years old.

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Which of the following would not generally be an example of contractionary monetary policy? O The Fed sells short-term bonds to banks for reserves. The Fed buys long-term bonds for reserves. The Fed increases the interest rate on reserves from 0.25% to 0.75%. The Fed increases the reserve requirement from 10% to 15%.

Answers

The following would not generally be an example of contractionary monetary policy: The Fed buys long-term bonds for reserves.

Contractionary monetary policy refers to actions taken by a central bank to reduce the money supply in an economy, typically to control inflation. It involves tightening monetary conditions, making it more difficult for individuals and businesses to access credit and reducing overall spending in the economy. Let's analyze each option to determine which one does not align with contractionary policy:

The Fed sells short-term bonds to banks for reserves:

When the Federal Reserve sells short-term bonds to banks, it reduces the amount of money available in the banking system. This action decreases bank reserves and contracts the money supply, making it an example of contractionary policy.

The Fed buys long-term bonds for reserves:

When the Federal Reserve buys long-term bonds from banks, it injects money into the banking system, increasing bank reserves and expanding the money supply. This action is expansionary rather than contractionary since it adds liquidity to the economy.

The Fed increases the interest rate on reserves from 0.25% to 0.75%:

Raising the interest rate on reserves incentivizes banks to keep more funds with the central bank. By doing so, banks have less money available to lend, which reduces overall lending and contracts the money supply. Increasing the interest rate on reserves aligns with contractionary policy.

The Fed increases the reserve requirement from 10% to 15%:

Raising the reserve requirement means banks are required to hold a higher percentage of their deposits as reserves. This reduces the amount of money banks can lend, resulting in a contraction of the money supply. Increasing the reserve requirement is a contractionary measure.

Out of the given options, the action that does not generally align with contractionary monetary policy is "The Fed buys long-term bonds for reserves." This action would typically be considered expansionary since it injects money into the banking system and increases the money supply.

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when the title search found that the barn at 1000 oak lane encroached by five feet onto the neighbor's property, the neighbors could have

Answers

When the title search found that the barn at 1000 Oak Lane encroached by five feet onto the neighbor's property, the neighbors could have several options to address the situation. Here are some possibilities:

Negotiate a Boundary Agreement: The neighbors could discuss the encroachment issue and come to a mutual agreement regarding the use of the land. They may agree to adjust the property boundaries, either by allowing the encroachment to remain or by formalizing an agreement that specifies the usage rights and responsibilities for the affected area. Grant an Easement: The neighbors could enter into an easement agreement, which grants the property owner of 1000 Oak Lane the right to continue using the encroached area for a specific purpose, such as maintaining the barn. The easement would establish the rights and restrictions for both parties regarding the encroached area. Seek Legal Remedies: If the neighbors are unable to reach an agreement or if the encroachment is causing significant issues, either party may choose to pursue legal action.

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1. When something is balanced, it is evenly distributed on all sides. When
you're talking about a budget, it means income equals
——-

Answers

When something is balanced, it is said to evenly distributed on all sides. When you are talking about a budget, it means income equals to the expenditures.

A balanced budget which is particularly that of a government, is a budget in which the revenues are equal to expenditures. So here, neither a budget deficit nor a budget surplus exists. However, generally, it is a budget which has no budget deficit, but could possibly have a budget surplus.

In the financial planning or the budgeting process, a balanced budget refers that revenues are equal to or they also can be greater than the total expenses.

Hence, a budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.

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Help please! Will mark brainliest!
Which of these job descriptions is least likely to fall under an events' manager?

Help please! Will mark brainliest!Which of these job descriptions is least likely to fall under an events'

Answers

Answer:B or D!

Explanation:

I say this because of the descriptions but its your choice.

all the following are reasons to invest, EXCEPT

all the following are reasons to invest, EXCEPT

Answers

Answer:

B

Explanation:

What was one economic effect of the creation of the knights of labor and the american federation of labor?

Answers

One economic effect of the creation of the Knights of Labor and the American Federation of Labor (AFL) was an increased focus on improving working conditions, wages, and hours for laborers. Both organizations aimed to represent the interests of workers and negotiate with employers for better terms.



The Knights of Labor, founded in 1869, sought to include workers from all industries and skill levels. They emphasized the need for an eight-hour workday, equal pay for equal work, and safer working conditions. Through strikes and negotiations, they were able to secure some improvements in these areas, though their influence waned due to internal conflicts and a decline in membership.The American Federation of Labor, established in 1886, focused more on skilled workers and used a craft union model, organizing workers based on their specific trade.

The AFL sought to negotiate directly with employers for better wages, working conditions, and hours. Their efforts led to significant improvements for workers, including the widespread adoption of the eight-hour workday and increased wages in various industries.

Overall, the creation of the Knights of Labor and the American Federation of Labor contributed to a heightened awareness of workers' rights and needs, leading to tangible economic improvements in wages and working conditions. This, in turn, contributed to a growing labor movement that continued to advocate for the rights of workers in the United States.

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Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills

Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Listening skills

Explanation:

By listening to a customer, you can determine what they want.

Improving listening skills can help you better understand and help customers.

I hope this helps.

Answer: C edge 2021

Explanation:

ur a real one :)

Francois deposits $350.00 in a savings account. The account pays an annual interest rate of 4.3%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn?

Answers

Answer:

$3.7625

Explanation:

Simple interest is calculated as

Interest = P x r x t

Where

p = principal amount.. $350

r= interest rate: 4.3% or 0.043

t= time in years: 3 months or 3/12 =0.25 years

Interest = $350 x 0.043 x 0.25

=$3.7625

One of the most aspects of investing is diversification and deciding on which assets the investments will be allocated, To address this need of asset allocation, the mutual fund industry also offers asset allocation funds. Which of the following feature about asset allocation funds is true? A. The managers of these funds establish a desired allocation mix but never change the mix based on the market conditions. B. The managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.

Answers

Option (a), The true feature of asset allocation funds is that the managers of these funds establish a desired allocation mix, and as market conditions change over time, the asset allocation mix also changes.

Asset allocation funds are designed to provide investors with a diversified portfolio of assets, which can help reduce risk and potentially increase returns. The managers of these funds will typically establish an initial allocation mix based on the fund's investment objectives and the investor's risk tolerance. However, as market conditions change over time, the managers may adjust the allocation mix to ensure that the fund continues to meet its investment objectives and provide appropriate levels of risk and return. This means that asset allocation funds can offer investors a convenient way to achieve diversification across a range of asset classes without having to actively manage their portfolios.

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What does formula do In a spreadsheet program

Answers

Answer:

It uses data entered in certain cells to calculate values for other cells.

Explanation:

Petra is paying her ten employees for 40 hours a week, 52 weeks each year. in 2007, petra spent on wages for her employees each week. when the minimum wage rose in 2009, petra had to increase her annual budget for wages from 2008 by .

Answers

In 2007, Petra spent $2,340 on wages for her employees each week, and Petra increased her annual wage budget from 2008 by $14,560.

Calculation of wages

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

We can now proceed as follows:

Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340

Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour

Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560

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Answer:

Petra is paying her ten employees for 40 hours a week, 52 weeks each year.

In 2007, Petra spent $2,340 on wages for her employees each week.

when the minimum wage rose in 2009, Petra had to increase her annual budget for wages from 2008 by $14,560

Explanation:

got it right

10. According to the inventory life cycle,
after a retailer receives products, the next
step is
• A. to display products.
• B. that the retailer prices products.
• C. inventory is purchased.
• D. that the customer shops the store.
B

Answers

Answer:

B. that the retailer prices products.

Explanation:

Final answer:

In the inventory life cycle, after a retailer receives products, the usual next step is to display the products, arranging them properly for customer viewing and ensuring they have accurate price tags.

Explanation:

According to the inventory life cycle in the retail business, after a retailer receives products, the next step is usually to display products (Option A). This is because once products are received, the goal is to prepare them for sale to customers as quickly as possible. Proper product display includes arranging goods attractively, often following visual merchandising principles, and making sure all items have accurate price tags so customers can make informed purchasing decisions. Following product display, customers can then shop the store (Option D).

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While on a trip, the Mendoza family decided to buy a painting which cost 500. The art dealer would not accept a personal check or credit cards. What method could be used to pay for the painting

Answers

Net banking is the method could be used to pay for the painting, as the art dealer would not accept a personal check or credit cards.

What is Net banking?

Netbanking, normally referred to as internet banking, is a computerized way to carry out financial written account online. Any person with a bank account can activate and use this computerized system for their financial transactions.

Net banking, ordinarily referred to as online banking, is always accessible. Customers have access to a variety of financial services through net banking, including the ability to open fixed deposits and recurring deposits, transfer funds, and examine transaction history.

Thus, net banking.

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Cash inflows and outflows related to bonds payable and long-term notes payable are reported on which section of the statement of cash flows?.

Answers

Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement of cash flows.

What are financial activity?

Financial activities are series of events a company or firm undertakes.

This events helps to achieve a particular goal and objective.

Activities include cash inflow and outflow and also expenses.

Therefore, Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement her of cash flows.

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Abc bank is a commercial bank in country x. Assume the required reserve ratio is 25% and banks in country x keep no excess reserves. If maria deposits $1,000 in cash at abc bank, what will happen to the money supply after all adjustments are made in the banking system? responses the money supply will increase by a maximum of $250. The money supply will increase by a maximum of $250. The money supply will increase by a maximum of $750. The money supply will increase by a maximum of $750. The money supply will increase by a maximum of $1,000. The money supply will increase by a maximum of $1,000. The money supply will increase by a maximum of $3,000. The money supply will increase by a maximum of $3,000. The money supply will increase by a maximum of $4,000.

Answers

When $1000 is deposited and the reserve requirement is 25%, money supply would increase by a maximum of $1000 (third option).

What will be the increase in money supply?

The fractional banking system that is now practiced requires that banks keep a portion of their deposits as reserves and loan the remaining out to customers.

The amount of money that is kept as reserves is determined by the required reserve ratio. The required reserve ratio is the percentage of deposit that the Central Bank of a country requires that banks keep as reserves.

When the remaining deposits is loaned out, the money supply in the economy increases. The increase in the money supply is a function of the amount deposited and the required reserve ratio.

Increase in money supply = amount deposited / reserve ratio

Increase in money supply = 1000 / 25%

Increase in money supply = $1000 / 0.24

Increase in money supply = $4000

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Business is a social process . Discuss​

Answers

Answer:

Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .

Answer:

Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.

Explanation:

Hope this help BLINK!

two countries produce copper and lead. country A can produce a maximum of 300 tons of copper per day or 150 tons of lead. Country b can produce a maximum of 400 tons of copper per day or 100 tons of lead. which statement best describes this situation

Answers

Answer:

A. Country B has a comparative advantage producing copper.

Multiple -choices

A. Country B has a comparative advantage producing copper.

B. Country A has an absolute advantage producing copper and lead.

C. Country A has an absolute advantage producing copper.

D. Country B has a comparative advantage producing lead.

Explanation:

A country has a comparative advantage over others if it can produce a product using fewer resources. It means that given equal inputs, a country with a comparative advantage will have more output than competitors. Therefore, comparative advantage is the ability to produce at a lower opportunity cost than rivals.

Country B's ability is 400 tons while country A capacity is 300 tons. Country B uses fewer resources hence has a higher output than country A.  Country B has a comparative advantage over country A.

Answer:

Country B has a comparative advantage producing copper.

Explanation:

two countries produce copper and lead. country A can produce a maximum of 300 tons of copper per day

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91B

Answers

Answer:

22.38 days

Explanation:

Given the following:

Sales last year(credit sales) = 325000

Year-end receivables = 60000

To calculate the Days sales outstanding

Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable

= (325,000 ÷ 60,000)

= 5.4166666667

Therefore,

(Number of days in year ÷ accounts receivable turnover ratio)

(365 ÷ 5.4166666667) =67.34

Days sales outstanding = 67.38461538days

Credit period = 45days

Difference = DSO - Credit period

Difference = (67.38461538 - 45) days =22.3846153days

=22.38 days

Rosewood Company made a loan of $12,600 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. The amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be:

Answers

The amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be: $567; $189.

Interest revenue for December 31, Year 1 from April - December

Interest revenue=($12,600 × 6% × 9/12 months)

Interest revenue=$567

Interest revenue for December 31, Year 2 from January - March

Interest revenue=($12,600 × 6% × 3/12 months)

Interest revenue=$189

Inconclusion the amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be: $567; $189.

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This table shows the 2014 tax brackets for single

taxpayers.

Single Taxpayers (2014)

Taxable income between:

Tax rate

$0

$9,075

$36,900

$89,350

$186,350

$405,100

$406,750

$9,075

$36,900

$89,350

$186,350

$405,100

$406,750

and above

10%

15%

25%

28%

33%

35%

39.6%

Which statement best supports the idea that the United

States has a progressive income tax?

The more money someone makes, the higher the

percentage he or she pays in taxes.

O Single-wage earners are taxed at the same

percentage, regardless of income.

O Americans pay higher taxes than single-wage

earners in other countries.

Tax percentages are evenly distributed across the tax

brackets.

Answers

The statement that best supports the idea that the United States has a progressive income tax is "The more money someone makes, the higher the percentage he or she pays in taxes."

A progressive income tax system means that individuals who earn more money pay a higher percentage of their income in taxes than those who earn less. In the table provided, the tax rate increases as the taxable income increases, which means that higher earners pay a higher percentage of their income in taxes. This supports the idea of a progressive income tax system in the United States. The other statements do not relate to the concept of progressive income tax.

The United States has a progressive income tax system, meaning that as an individual's income increases, the tax rate they are subject to also increases.

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Although non-random sampling techniques are considered less scientific than random techniques they are often used for expediency.
a. true
b. false

Answers

Although non-random sampling procedures are considered less scientific than random techniques they are often used for expediency.True

Why do researchers not ever use random samples in their research?

(1) A random sample of the population is excessive to begin sampling the population - only lists of the chosen "clusters" are necessary.

(2) The cluster groups are usually closer together and when people are closer together - this protects time and money for the researchers conducting the study.

Cluster sampling can be more efficient than easy random sampling, especially where a study takes place over a wide geographical province.

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If there is a high demand for a product, the price for that product will
O be lower
O be higher
stay the same
O none of the above

Answers

Answer:

High demand equals higher prices

Explanation:

The lesson reads:

Remember:

   high demand = higher prices

   low demand = lower prices

   high supply (when there is an increased inventory or a lot of a product) = lower prices

   low supply (when there is a decreased inventory or not enough of a product) = higher prices

If there is a high demand for a product, the price for that product will be higher. The correct option is b.

What is a product?

A product is an object, system, or service made available for consumer use as per consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. Service is also regarded as a type of product.

In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production process.

Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability.

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PLEASE HELP !!!

If you are not interested in a particular job, simply ignore efforts the company makes to contact you.

T OR F

Answers

It is false because it's important to maintain a professional and respectful attitude towards potential employers or the company, even if you're not interested in the job. Ignoring their attempts to contact you could harm your professional reputation and future job prospects.

A company is a legal entity that is formed to carry out business activities. It is usually created by a group of individuals who come together to achieve a common goal of providing goods or services to customers in exchange for money.

The purpose of a job provided by the company is to provide individuals with a means to earn a living, develop skills and experience, and contribute to society through their work.

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A capital projects fund for a new city courthouse recorded a receivable of $300,000 for a state grant and a $450,000 transfer from the general fund. What amount should be reported as revenue by the capital projects fund

Answers

Answer:

$300,000

Explanation:

The grant of $300,000 happens not to have any restrictions mentioned alongside it in the question and as such will be declared or reported as revenue as an unrestricted grant. This is acceptable by the Governmental Accounting Standards Board, GASB.

Cheers

MOTIVATION TIME

Success doesn’t just find you. You have to go out and get it.

Answers

Answer:

thnak u that made my day

Explanation:

Scenario 1 A potential 6-year project requires the purchase of a new piece of machinery. Assume, you are the project manager and you must choose between two potential machines (Machine A and Machine B), either of which would be suitable. The cost of each machine is identical at $83,000. However, they differ in performance such that the projected future cash flows are different for cach machine. Projected cash flows over the 6 years of the project are as follows in Table 1:

Answers

As the project manager, you will need to analyze the projected future cash flows of each potential machine (Machine A and Machine B) to determine which one will provide the best return on investment.

Looking at Table 1, it appears that Machine A has a higher net cash flow for each year, resulting in a total net cash flow of $182,000 over the 6-year project. On the other hand, Machine B has a lower net cash flow for each year, resulting in a total net cash flow of $128,000 over the same period.

Based on this analysis, it seems that Machine A would be the better choice since it provides a higher net cash flow and will result in a better return on investment. However, it is important to also consider other factors such as maintenance costs, reliability, and any potential long-term benefits of one machine over the other.

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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.

Answers

Complete Question:

On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720

Journalize the first interest payment and the amortization of the related bond discount using the Straight line method

Answer:

Kindly check Explanation

Explanation:

Given the following :

Face value of bond issued = $1,450,000

Cash received on Issuance = $1,408,720

Number of Interest payment on bond = 5 × 2 = 10(semiannual)

Therefore, discount on bond :

$(1,450,000 - 1,408,720) = $41,280

Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)

Discount / period

$41,280 / 10 = $4,128

Interest expense a/c Dr $40,378

To discount on bond payable a/c Cr $4128

To cash a/c $36,250

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