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Recently Posted Questions in Business

The statement "the quantity demanded of a product varies inversely with its price" is a definition of

The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question. 

Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, southeast Michigan is having one of the worst winters on record for snowfall amounts and hazardous road conditions. Which of the following unresolved problems would be a direct result of these two factors? a. city workers working longer hours to keep up with the snowfall amounts b. more city workers than the current financial budget can afford c. less city workers to plow the streets causing an increase in the number of car accidents during the winter months

I believe the answer is: C. less city workers to plow the streets causing an increase in the number of car accidents during the winter months

The worsening of economic conditions tend to lead to an increase in unemployment within Michigan area.  This lead to many infrastructures (such as the streets) are left without maintenance, which eventually lead to an increase in the number of casualties.

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Samantha has a loan with an interest rate of 6.67 percent now, but the rate could increase 2 percent next year. What lending term best describes this loan? 1)finance charges 2)fixed rate loan 3)APR 3)variable rate loan

Answer: 3 Variable Rate Loan.

The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.

Suppose that Eric, an economist from a business school in Georgia, and Ginny, an economist from a public television program, are arguing over saving incentives. The following dialogue shows an excerpt from their debate: Ginny: I think it’s safe to say that, in general, the savings rate of households in today’s economy is much lower than it really needs to be to sustain the improvement of living standards. Eric: I think a switch from the income tax to a consumption tax would bring growth in living standards. Ginny: You really think households would change their saving behavior enough in response to this to make a difference? Because I don’t. The disagreement between these economists is most likely due to _____ . A. Difference in values B. Difference in scientific judgements C. Difference in perception versus reality Despite their differences, with which proposition are two economists chosen at random most likely to agree? A. Employers should not be restricted from outsourcing work to foreign nations. B. Central banks should focus more on maintaining low unemployment than on maintaining low inflation. C. Business managers can raise profit more easily by reducing costs than by raising revenue.

Correct option: Difference in scientific judgements

Both Eric and Ginny are from different backgrounds are working at the different levels of economic understanding. They have different skills sets, values and thought process for the same economic problem. Therefore, there is a difference in scientific judgement.

Correct Option A: Employers should not be restricted from outsourcing work to foreign nations.

The fundamental of economics suggest to make the best use of available resources. It suggests that if the cheap and qualified laborers are available abroad, no economy should hesitate in hiring them. It improves the profitability of the companies and make the product and services cheaper for everyone.


What is the purpose of a cover letter? I. to give the potential employer your employment history II. to add more detailed information about experiences and skills III. to ask questions about the position, salary, and sick leave policies

Answer: II. to add more detailed information about experiences and skills

Explanation:

A cover letter is known to be a letter which explains more information or details in the resume to whoever is reading it. Furthermore, it is also the first introduction to employees and should be written to match the job ad. Hence, it is written to show an individual’s skills, achievement, experiences and so on.

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Voluntary exchanges happen when both parties expect to _____. gain lose barter

I think the correct answer from the choices listed above is the third option. Voluntary exchanges happen when both parties expect to barter. It would be that both gain something from it so an exchange happens. Hope this answers the question.

What was the main reason that Carnegie invested in the Frick Coke Company? A.He wanted to invest in new technology. B.He thought he could help the company become profitable. C.He wanted to make sure he could always get fuel for his steel plant. D.He was interested in the coal business.

Correct answer is C.He wanted to make sure he could always get fuel for his steel plant.

Reason: Coke is always used as fuel for example , petroleum coke. So Carnegie would always get coal by investing in the Coke company

Consumers demand more shoes than sellers are willing to supply, at the given price. This means that there is a(n) _____ of shoes. surplus shortage equilibrium

I believe the correct answer from the choices listed above is the second option. Consumers demand more shoes than sellers are willing to supply, at the given price. This means that there is a shortage of shoes.  A shortage occurs whenever quantity demanded is greater than quantity supplied at the market price.

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You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency is divisible scarce portable stable in value

I believe the correct answer from the choices listed above is the last option. You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency is stable in value. It does not change the monetary value of the bill. Hope this answers the question.

Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when they attend classes. For each of the following, explain the possible effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph with equilibrium price and quantity labeled. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity. a) The price of natural gas, a resource used by manufacturers throughout the United States, doubles. b) The government provides a subsidy for notebook manufacturers. c) Your income increases and spiral bound notebooks are an inferior good.

 a) If energy prices go up, manufacturing costs go up, which ultimately increases the price of the notebook. This will also most likely lead to a decrease in quantity, as the manufacturing cost per unit is higher. This is a supply determinant. 

b) In theory, the subsidy reduces the cost per unit to the manufacturer, which increases supply and often reduces price, again being a supply-side determinant. In reality, it creates an incentive for notebook manufacturers to keep doing what they are doing, disincentivizing cost-saving developments and alternatives. Why innovate when you can get free government cheese? 
Anyway, supply determinant. 

c) The price of an inferior good increasing tends to push some demand for superior goods, especially when the income to cost of good ratio remains the same for the inferior good but gets better for the superior one. Demand determinant. 

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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A token economy incorporates _____ to modify behaviors by reinforcing desired behaviors with tokens that can be exchanged for various treats.

A token economy incorporates operant conditioning procedures to modify behaviors by reinforcing desired behaviors with tokens that can be exchanged for various treats.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

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How many government agencies does the United Kingdom have to oversee the financial industry?

The United Kingdom has one primary agency to oversee the finances of the country. This agency is called HM Treasury. HM Treasury has several departments which help coordinate the finances of the country. Some of the departments within the HM Treasury are in charge of welfare, taxes, and business developments. I hope my answers has come to your help.

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If the Federal Reserve sells $50,000 in Treasury bonds to a bank at 6% interest, what is the immediate effect on the money supply

APEX verified answer <3

Answer- it is decreased by $50,000

i really hope this helps just got the right answer on apex quiz 1.2.3 <3 <3

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$700 principal earning 5%, compounded monthly, after 9 years

B=P(1+r/n)^nt 

B=Balance 
P=Principle 
R=rate 
n=number of times compounded per year 
t=number of years 

Plug in the values.

I hope my answers has come to your help. God bless and have a nice day ahead!

Suppose that you took out a loan with a principal of $24,680. To pay off the principal and the interest, you made quarterly payments of $1,382 for six years. Furthermore, you paid a service charge of $396. What was your total finance charge? a. $396 b. $8,488 c. $8,884 d. $8,292

The solution to the problem is as follows:

$1382*24 (4 payments per year * 6 years)=$33,168+$396=$33,564 (Total)

$33,564-$24,680=$8,884
 
Therefore the total finance charge is c.$8,884.

I hope my answer has come to your help. God bless and have a nice day ahead!

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