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Just asking for someone else's opinion I already have this answered Scenario: You have $10, which you have decided to use for entertainment. You can go to the movies with your friends to see your favorite star's new release, or you can buy the new album from your favorite music group Use the space below to identify each of the following in this scenario: your choice (Hint: Make a choice.) the opportunity cost the consequence(s)


Of course go to movies with friends

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Which of the following is not an example of how media coverage of the Space Race affected the economy? The media only covered positive elements of the Space Race and never mentioned any setbacks. Space memorabilia were made and sold to the public to celebrate successful launches. Astronauts became public heroes and helped sell the image of the space program. The race to beat the Soviet Union to the Moon supported the growth of NASA and its facilities.

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.


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True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less. True/false 5. True or false: Buying a single company's stock usually provides a safer return than a stock mutual fund. True/false

The statement "A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less" is true.

The statement "Buying a single company's stock usually provides a safer return than a stock mutual fund" is true.

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How are environmental issues related to scarcity and opportunity costs

Scarcity — The condition that exists when there are not enough resources to satisfy all the wants of individuals or society. Choices — The decisions individuals and society make about the use of scarce resources. Opportunity Costs — The next highest valued alternative that is given up when a choice is made.

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What might you consider when you’re studying the dynamics of a group?

The size and the people in the group and how compatable they are.

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A small business loan is used to pay for the costs associated with starting your own company? True or false

Answer: True

Explanation:

A small business loan is known to be a loan given to an individual in order to start a business. The loan is used for running the day today activities of the business. The borrower that is the business owner reaches an agreement with the lender to repay the loan with interest over a specified period of time.

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Renting provides _________ flexibility but can lead to _________ costs in the long-term.greater; lowerBgreater; higherCless; lowerDless; higher

The answer is:

- Greater

- Higher

Since you did not spend large amount of money in renting, you can move freely without feeling that you've spend to much for the place to stay. This is why renting is considered to be more flexible compared to owning a house.

But, Renting tend to lead to higher cost in the long run because the owner of the property would definitely impose higher price than they spend to buy the property. Otherwise they would not obtain any profit.

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In order for a teen to have a successful business, they must to do all of the following EXCEPT _____. a. be prepared to work long hours b. make a profit with the business c. ignore customer satisfaction d. be able to promote the business

In order for a teen to have a successful business, they must to do all of the following EXCEPT ignore customer satisfaction. Without customer satisfaction, there are no customers and therefore no business.

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In a capitalist system, what are the goods and tools that are used to make products?

Human labor is used in a Capitalist system in order to make products. 

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After constructing a new factory, the cost of building the factory is a: a. none of the answers are correct b. sunk cost c. variable cost d. past cost

After constructing a new factory, the cost of building the factory is a sunk cost. This is because this cost has already happened and cannot be written off.

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The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.

- Interest = $10000 x .04965 x 13/52 weeks = $124.13 
- Proceeds = $10000 – 124.13 = $9875.87 
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03% 

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Harry recently raised his employees' wages, which has increased production costs. Which factor did the salary hike affect? A) fixed cost B) marginal cost C) sunk cost

Its A-Fixed Cost.

( business costs, such as rent, that are constant whatever the quantity of goods or services produced.)


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How would a strong U.S. dollar impact the trade of grain produced in the United States? U.S. grain exports decrease U.S. grain exports increase U.S. grain imports decrease U.S. grain imports stagnate Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred? The opportunity cost of producing milk is lower for Country A. The opportunity cost of producing cotton is higher for Country B. Country A has a natural resource advantage in cotton. Country B has a natural resource advantage in milk.

When a country has a strong currency, generally its export decreases - this is the answer to the first question.

Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.

now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "The opportunity cost of producing milk is lower for Country A" is correct.


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Making a down payment reduces the a. desire of a lender to loan money b. creditworthiness of a buyer c. sale price of a house d. loan principle amount

d. loan principle amount

The loan principle amount is the amount of money borrowed for the loan. Making the down payment 1) proves the creditworthiness and capability of the buyer and 2) the overall amount of money to payback.

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In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards. companies hire ________ to provide unbiased opinions about the accuracy of a firm’s financial statements.

Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. 

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How can people make sure their budgets remain balanced?

By watching what they spend and keeping track of it. They can also just buy things they need and not what they want.

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