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# When it goes on sale for \$1,600, Mikah buys a new plasma television that is valued at \$1,800. He takes \$300 from his savings account to use as a down payment and finances the rest. Choose the true statement. a. Mikah's assets increased by \$1,300. b. Mikah's assets increased by \$1,500. c. Mikah's assets increased by \$1,600. d. Mikah's assets increased by \$1,800.

just took the test:)

## Related Questions

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.

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

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.

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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

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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

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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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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Which of the following is a tax incentive? A.a tax on imported goods B.a set amount that you subtract from your gross income for yourself and any dependents C.taking tax payments out of an employee’s pay before he or she receives it D.the use of taxation to encourage or discourage certain behaviors

The answer is "D.the use of taxation to encourage or discourage certain behaviors".

A tax incentive is an administration measure that is proposed to urge people and organizations to burn through cash or to set aside extra cash by decreasing the measure of assessment that they need to pay.

Tax incentive are methods for lessening charges for organizations and people in return for explicit alluring activities or ventures on their parts. Their motivation is to empower those organizations and people to take part in conduct that is socially dependable or potentially benefits the network.

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It is often easier for a brand-new business to get a loan than an existing business. True Or False

It would be false because starting a new business is way harder than keeping up with an existing one

A business started from scratch can have bigger rewards than a franchise if it succeeds. True or False

True, any business can outdo a franchise, all it takes is enough money and brain power! I hope this helps! P.S I would love it if I got that fantastic Brainiest answer

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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.

Suppose you have \$100 in a savings account earning 2 percent interest a year. After five years, would you have more than \$102, exactly \$102 or less than \$102? More than \$102 Less than \$102 Exactly \$102

Hey there! Hello!

For this problem, take the interest equation into account: .  is the interest,  is the principal amount that will be invested,  is the rate of interest per year (expressed in decimal form, where 90% is 0.9, for example), and  is the amount of time. Let's solve the amount of money gained from interest after one year:

That means 2 dollars are earned after one year. If \$102 is the total after one year, and interest is earned yearly, it surely can't be \$102 at the end of five years. So, let's solve for five years this time:

So, at the end of five years, \$110 will be earned. This is more than \$102 dollars, meaning that your first answer choice is the correct one.

Hope this helped you out! Feel free to ask me any additional questions you may have. :-)

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

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.

Money market accounts Single stocks Bonds Mutual funds Fixed annuities Real estate For this assignment: Put the investments in order by least risk to greatest risk. You can list by letter only (for example: a, b, c, d, e, f). On a second line, order the investments by least return to greatest return. Again, you can list by letter only.

Investments in order by least risk to greatert risk.

1) Money market accounts
2) bonds
3) fixed annuities
4) mutual funds
5) real estate
6) single stocks

Money market - low risk, low return
Single stocks - high risk,
Bonds - low risk, low return
Mutual funds - medium risk
Fixed annuities - high risk
Real estate - high risk

Usually low risk investments give out low but constant returns and high risk investments give out high returns.

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

Below is the solution:

\$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.

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Select the true statement about standards for weights and measures. Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output. A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards. Standards often wind up discouraging the exchange of goods in the economy.

The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.

In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit

Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy). Interest rates rise. Businesses borrow more money. Consumption increases. Interest rates fall.

Select the items that describe what most likely happens when the Federal Reserve increases the money supply (and people are confident in the economy).

Consumption increases and interest rates fall.

If there is more money in the economy, then there is an increase in the money supplied and consumed. Due to more being available to 'claim' more people are working and buying items they may not have otherwise and the interest rates start to fall because people aren't borrowing as much.

. in a certain economy, people save some part of their income in the financial sector and use the remaining part for consumption. The government decides to increase the tax rates for everyone in that economy. What effect will the tax increase have on savings and investment in the economy? Savings decrease, and investment decreases. Savings increase, and investment increases. Savings increase, and investment decreases. Savings decrease, and investment increases.

## Savings decrease, and investment decreases.

### Explanation:

A government normally increases taxes to boost it's tax revenue but this also results in the decrease of savings and investments. Higher taxes leaves consumers with less disposable income which then discourages them from saving and investing.

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Name the three factors of production and two payment types in the circular flow model. You may draw a diagram and label the necessary components if you wish.

Name the three factors of production:
1. land
2. labour
3. capital
Though sometimes entrepreneurship is included and occasionally land is excluded.
The payment for goods and services is the price, the hiring of factors is usually called wage or rent depending on whether we are discussing labor or capital.