Option 2 is Correct. Catherine Jones's real estate assets are worth $119,000. Regular deposit, money market, and CDs are the three most popular forms of savings accounts.
By definition, a savings account enables you to deposit your money safely with the bank, eliminating the need for you to carry it with you or bury it in that rusty old steel safe at home. You can withdraw these funds whenever you need them, so don't worry.
Regarding accessibility and level of interest, each one functions slightly differently. In addition to these accounts, there are other ways to save money. Knowing which one is ideal for your requirements can be complicated.
Reason: Actual estate assets are anything that is real, such as land and buildings, whether they are residential, non-residential, or commercial.
The balance of several items, including - has been provided here by Catherine Jones.
Checking balance: $850
There is $1,200 in your savings.
Market price of the home: $119,000
$12,000 for furniture and appliances.
$3,300 for a laptop and home pc
Car : $12,500
$5,500 Mutual Fund
Retirement funds: $38,550
Only her home, at $119,000, is included among the aforementioned goods as a real estate asset.
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Correct Question:
Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $850 and her savings account is worth $1,200. She owns her own home that has a market value of $119,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recently purchased a mutual fund worth $5,500 and she has a retirement account worth $38,550. What is the value of her real estate assets?
1. $2,050
2. $119,000
3. $27,800
4. $44,050
5. $171,900
a primary purpose of adjusting entries is to record events that
Adjusting journal entries are used to record transactions that have occurred but have not yet been appropriately recorded in accordance with the accrual method of accounting.
Adjusting journal entries are used to record deals that have passed but haven't yet been meetly recorded in agreement with the addendum system of account.
Adjusting journal entries are recorded in a company's general tally at the end of an account period to abide by the matching and profit recognition principles.
The most common types of Adjusting journal entries are supplements, detainments, and estimates.
It's used for addendum account purposes when one account period transitions to the coming.
Companies that use cash account don't need to make Adjusting journal entries.
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Productivity in the service sector is difficult to measure because new technology adds to ___ but not necessarily the ___ of the service produced.
Quality and quantity/output/productivity are the necessary and not necessarily components .Productivity in the service sector is difficult to measure .
Productivity in the service sector is difficult to measure because new technology adds to quality but not necessarily the productivity of the service produced.
Productivity is a measure of economic performance that compares the amount of goods which quality is necessary.
Productivity is commonly measured in output per worker or output per worker per hour. For a manufacturing company, a measure of productivity might be the number or value of the finished products each worker can produce within a given time.
A good productivity percentage is somewhere between 70-75%. This means that employees spend 70% or more of their time working and 25% or less of their time taking breaks.
The four key types of productivity measures are capital productivity, material productivity, labor productivity, and total factor productivity.
A property that is measured [e.g. mass, length, time, volume, pressure]. Unit: A standard quantity against which a quantity is measured .
Productivity is generally more difficult to improve in the service sector than in the manufacturing sector. Customer interaction is often high for manufacturing processes, but low for services.
A quantity is an amount that you can measure or count.
Technology is the application of scientific knowledge to the practical aims of human life or, as it is sometimes phrased, to the change and manipulation of the human environment.
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A shortage exists:A) when quantity supplied is less than quantity demanded.B) in equilibrium.C) when quantity supplied is greater than quantity demanded.D) at the market clearing price.
When demand for an item or service exceeds supply at the going rate, there is a shortage, which drives up the cost. The equilibrium price will rise due to an increase in demand while remaining constant in all other respects, increasing supply.
The correct Answer is Obtain C.
What happens when a shortage exists?When demand and supply are balanced, a price is said to be in equilibrium. The point where the supply and demand curves converge determines it.If more goods or services are produced than are needed at the going rate, there is a surplus, which pushes prices down.The equilibrium price will drop with a drop in demand, and supply will increase less than demand.The equilibrium price will decrease with an increase in supply while the quantity required will rise, all other factors being equal. The equilibrium price will increase with a drop in supply, but the amount required will go down.You must be aware of the direction and magnitude of each curve's shift in order to predict what will happen to equilibrium pricing and equilibrium quantity when both the supply and demand curves move.A summary of supply and demand in the product and factor markets is given by the circular flow model, along with a suggestion of the connections between these markets.To Learn more About shortage Refer TO:
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How do variable costs and fixed costs act within the relevant range linkedin?
The fixed costs per unit fluctuate while variable costs per unit are constant. Variable costs per unit fluctuate while fixed costs per unit are fixed.
The total variable cost fluctuates as the number of units or the activity changes, but the variable cost per unit remains constant within the relevant range. As the number of units or the activity rises, the total fixed cost remains constant, but the fixed cost per unit falls. The calculate the cost of conducting business at your present rate to get your relevant range. This necessitates taking into account both fixed and variable costs.
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should a new venture have a formal mission statement? why? what downside or risks might there be without one?
Yes, a new venture should have a formal mission statement for better decision-making and credibility. The downside of not having a formal mission statement is a lack of focus and direction, misalignment and difficulty in attracting stakeholders.
A mission statement provides clarity and direction for the organization, helps to align all stakeholders, and can serve as a guide for decision-making. A well-crafted mission statement can also increase the credibility and appeal of the organization to potential customers, employees, and investors.
The downside or risks of not having a formal mission statement include-
1. Lack of focus and direction: Without a clear mission, it can be difficult to stay on track and make decisions that are in line with the goals of the organization.
2. Misalignment: Without a shared understanding of the organization's purpose, it can be difficult to get everyone on the same page and working towards a common goal.
3. Difficulty attracting stakeholders: A mission statement can be an important tool for attracting customers, employees, and investors who are aligned with the organization's purpose and values.
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What are the characteristics of an independent contractor?
If the employer has the authority to manage or guide just the final product of the task, rather than what will be done and how it will be done, the worker is considered to be an independent contractor.
What abilities does a successful independent contractor need?You need to have strong analytical, problem-solving, and communication abilities to succeed as an independent contractor. In the end, a great Independent Contractor will operate independently and create high-caliber results.
Which three controls apply to independent contractors?Consider all available information regarding the level of control and independence in this relationship. The information that serves as this evidence can be divided into three groups: Control over behaviour, financial control, and the parties' relationship
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assume that the elasticity of demand is 1.6. is demand elastic or inelastic?
The demand is elastic if the formula produces an objective value that is larger than 1. To put it another way, quantity varies more quickly that price. Demand is not flexible if indeed the number is less than 1. Alternatively said, quantity fluctuates more slowly than price.
low demand elasticity
Whenever elasticity exceeds one, a good's demand is considered to be elastic. A commodity including an elastic demand of 2 has a quantity reaction that is twice as significant as the price rise, whereas a good with either an premium pricing of 0.5 has a quantitative response that is only twice as great as the cost increase.
What type of elastic or inelastic is -1?
Typically, negative one is considered to be the key cutoff point, having readings less than first being relatively elastic as well as amounts larger than just being elastic.
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Innovations like the steel plow and barbed wire affected the Texas economy in what ways?
The Texas economy was impacted by the increased production of cotton due to innovations like the steel plough and barbed wire. They essentially put an end to cattle drives and grazing on open fields.
They essentially put an end to cattle drives and grazing on open fields. Production of cotton was increased.
By separating areas of land with barbed wire, cattle were unable to roam freely and graze.
It was simpler to sow more land and keep livestock out of fields with the steel plough and barbed wire.
Texas livestock had more markets thanks to the development of railroads and the ability to drive cattle through wide range.
Barbed wire, a new steel plough, and the development of railroads were all technological innovations that increased cotton production and gave farmers access to new markets.
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what is the largest beverage size at starbucks? tall
The sizes that Starbucks offers for its beverages range from 16 to 31 ounces.
There are additional size options and considerations beyond the three conventional Starbucks sizes of long, grande, or venti. The Starbucks size has a volume of 31 ounces since the Italian word "trenta" means "thirty-one." Even though this cup is solely meant for chilled beverages, not all iced beverages have a 31 oz capacity.
Although Starbucks has a wide selection of fantastic coffee drinks, the Iced Caffe Mocha is without a doubt the greatest. This iced coffee turns out to have exceptionally strong earthy chocolate undertones for iced coffee. Regardless of the weather, iced mocha will sate your desire for that decadent flavor.
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cross-training workers is a typical capacity management technique for times when demand exceeds capacity.
The goal of cross-training is to create a flexible and adaptable workforce that can quickly and effectively respond to changing demands and capacity constraints.
Capacity management is the process of ensuring that an organization has sufficient resources, such as personnel and equipment, to meet the demands of its customers.
This can be a challenging task, especially when demand for a particular product or service exceeds the capacity of the organization to produce or deliver it. In these cases, organizations may turn to cross-training workers as a way to manage capacity and meet customer demand.
Cross-training workers involves providing employees with training and skills development in multiple areas or functions within the organization. This can include training in different departments, roles, or skill sets, such as customer service, production, or technical support.
For example, if an organization is experiencing high demand for a particular product or service, cross-training workers can help ensure that there are enough personnel available to meet that demand.
By training employees in multiple areas, the organization can quickly move workers from one department to another as needed, without having to bring in new personnel or recruit additional staff.
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Question: The Slope Of The Production Possibilities Frontier Describes What? The Efficient Production Of Two Goods How Much People Are Willing To Pay For The Good The Opportunity Cost Between Two Goods The Allocation Of Scarce Resources In The Production Of Two Goods
For the purpose of determining comparative advantage, the opportunity cost of producing one good in comparison to another good is indicated by the slope of the PPF.
What is The Production Possibilities Frontier?The Production Possibilities Frontier (PPF) is a graph that displays all the possible output combinations of two items that can be produced given the resources and technology currently available. The ideas of choice, scarcity, and tradeoffs are all represented by the PPF.Whether costs are increasing, reducing, or staying the same will affect the PPF's form.The PPF's points serve as examples of combinations of output that are both productive and efficient. Without having knowledge of preferences, it is impossible to establish which locations are allocatively efficient.For the purpose of determining comparative advantage, the opportunity cost of producing one good in comparison to another good is indicated by the slope of the PPF.
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the price of spiral bound notebooks is expected to double next month. what happens to current quantity and price?
Costs of production rise when energy prices rise, which ultimately drives up notebook prices. Due to the higher manufacturing cost per unit, this will also probably result in a decrease in quantity.
What connection does there exist between cost and output?A price increase almost invariably leads to the delivery of more of that good or service, whereas a price decrease typically results in the provision of less of it.
What happens to the cost and volume?Demand decreases as prices rise and demand declines (but demand itself stays the same). The quantity wanted rises as the price decreases. This is the Law of Demand. On a graph, an inverse relationship is represented by a line with a downward slope from left to right.
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who is responsible for grasso’s termination - the nyse board or grasso himself? why?
NYSE board and Grasso himself are responsible. The board was responsible for making the decision to terminate his employment, while Grasso's actions and decisions contributed to the controversy that led to his termination.
Grasso was the former Chairman and CEO of the NYSE, and his termination was a result of controversy surrounding his compensation. Specifically, Grasso's compensation package, which was reportedly in excess of $139 million, was deemed to be excessive by many individuals and organizations, including shareholders and regulators.
The NYSE board, which is responsible for overseeing the operations of the exchange and making important decisions about its leadership, was faced with a difficult decision in the wake of the controversy surrounding Grasso's compensation. Ultimately, the board concluded that Grasso's compensation was not in the best interests of the NYSE or its stakeholders, and they decided to terminate his employment.
While the NYSE board was the entity that took the action of terminating Grasso's employment, it is important to note that Grasso himself also played a role in his own termination. By accepting such a large compensation package, Grasso made a conscious decision that ultimately led to the controversy and subsequent termination of his employment.
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how to withdraw money from credit karma spend account
To make a cash withdrawal from your Credit Karma Spend account, follow these steps. 1) Log in to your Money Save account with Credit Karma. 2) Choose Withdraw. 3) Fill out the desired sum for the withdrawal amount.
4) After completing your choices, click Withdraw. 5) Verify that every piece of information is accurate before selecting Confirm to finish processing your cancellation request.
How is Credit Karma preventing me from making a withdrawal?
A limited number of withdrawals through any savings account may be reinstated at any time by Credit Karma. If it does, then when you've reached that limitation, you might not have been capable of making any more withdrawals or transfers throughout your subsequent statement period.
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what is dollar shave club's business model and how does it differ from its com- petitors?
Dollar Shave Club's business model is based on a subscription model, in which customers sign up to receive monthly deliveries of razors and grooming products. This model differs significantly from the business models of its competitors, which typically rely on selling products through retail stores and online marketplaces.
Dollar Shave Club is a subscription-based service that delivers razors and other grooming products to its customers on a monthly basis. Founded in 2011, Dollar Shave Club disrupted the traditional razor market and quickly gained a large following due to its unique business model and approach to customer service.
One key aspect of Dollar Shave Club's business model is its focus on customer convenience and affordability.
By delivering razors and other products directly to customers' doors, Dollar Shave Club eliminates the need for customers to make trips to the store.
Additionally, its subscription model allows for lower prices on its products compared to its competitors, since Dollar Shave Club is able to bulk order its products and pass on the savings to its customers.
Another aspect of Dollar Shave Club's business model that sets it apart from its competitors is its use of humor and personality in its marketing and customer communications. This approach has helped to establish a strong connection with its customers and has helped to create a loyal customer base.
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Indicate which accounts should be debited and which should be credited for the following transactions of Hokies company. 1)Pay a cash dividend.2)Pay rent in advance for the next three months.3)Provide services to customers on account.4)Purchase office supplies on account.5)Pay salaries for the current month.6)Issue common stock in exchange for cash.7)Collect cash from customers for services provided in (3) above.8)Borrow cash from the bank and sign a note.9)Pay for the current month's utilities.10)Pay for office supplies purchased in (4) above.
A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts.
1) D: O C: B
2) D: C C: B
3) D: K C: M
4) D: G C: A
5) D: J C: B
6) D: B C: D
7) D: B C: K
8) D: B C: I
9) D: L C: B
10) D: A C: B
Credit is passed when there is a decrease in assets or an increase in liabilities and owner’s equity. Credit the giver.
Debit is passed when an increase in asset or decrease in liabilities and owner’s equity occurs. Debit the receiver.
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Indicate which accounts should be debited and which should be credited for the following transactions of Hokies company.
1)Pay a cash dividend.
2)Pay rent in advance for the next three months.
3)Provide services to customers on account.
4)Purchase office supplies on account.
5)Pay salaries for the current month.
6)Issue common stock in exchange for cash.
7)Collect cash from customers for services provided in (3) above.
8)Borrow cash from the bank and sign a note.
9)Pay for the current month's utilities.
10)Pay for office supplies purchased in (4) above.
A. Accounts Payable
F. Equipment
K. Accounts Receivable
B. Cash
G. Supplies
L. Utilities Expense
C. Prepaid Rent
H. Rent Expense
M. Service Revenue
D. Common Stock
I. Notes Payable
N. Retained Earnings
E. Salaries Payable
J. Salaries Expense
O. Dividends
which of the following explains actual wage differentials in labor markets?
Inequalities in talent, varying levels of human capital, and compensating differentials can all help to explain some of the actual salary differences. Hence, Option (b) is correct i.e. different amounts of human capital.
Human capital is the term used by social scientists to describe character traits that are seen to be beneficial in the production process. It covers the workforce's knowledge, health, and education. Human capital has a substantial impact on individual salaries. Research shows that investing in human capital pays off handsomely in adolescence and young adulthood.Businesses can invest in human capital, enabling improved standards of quality and output, for example, through education and training.The current innovation-driven method to understanding economic growth was developed by Paul Romer, who was also jointly awarded the 2018 Nobel Prize in Economics for his conceptualization and modelling work that included Human Capital as a key component.
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which of the following explains actual wage differentials in labor markets?
A. differences in talent,
B. different amounts of human capital,
C. compensating differentials.
D none of the above
the sales lost because of the lack of merchandise inventory is an example of: group of answer choices an incremental cost. a fixed cost. a sunk cost. an opportunity cost.
Inventory failure compared to shoplifting, human mistake, staff theft, fraud and embezzlement, and defective goods are just a few of the reasons why there is shrinkage.
Which costs are fixed and which are variable?
Depending on how much is generated, variable costs change. Raw materials, labor, and incentives are examples of variable expenses. No matter how much is produced, fixed costs stay the same. Rent and lease payments, insurance premiums, and interest charges are examples of fixed expenditures.
What does the term "variable cost" mean?
An expense that fluctuates according on how much a business provides or delivers is referred to as a variable cost. Variable expenses grow when production rises and reduce when output declines, relying on a company's sales volume.
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how long after state accepts return is it deposited
The time it takes to process state tax returns and for refunds to be deposited into your account can vary. This can depend on a number of factors, such as the type of return (e.g. individual, corporate), filing method (e.g. paper, electronic) and the volume of returns accepted by the country.
Taxes are financial fees imposed by the government on revenues, goods and services, with the aim of generating revenue to fund public services and programs. Taxes can be progressive, regressive, or proportionate, depending on the tax system. In a progressive tax system, the tax rate increases as the income of the taxpayer increases, whereas in a regressive tax system, the tax rate decreases as the income of the taxpayer increases. In a proportional tax system, the tax rate is the same for all taxpayers, regardless of their income.
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the average household income spent on tourism in the united states is approximately? $1200 $1750 $2200 $2700 $3100
The average household income spent on tourism in the United States is approximately $2200.
Tourism is a significant part of the US economy, and the average household income spent on it can vary greatly depending on several factors such as location, family size, and personal preferences.
According to the Bureau of Economic Analysis, the average household spent approximately $2200 on tourism and recreation in the United States in 2021. This includes expenses on activities such as traveling, accommodations, food, entertainment, and transportation.
It is essential to note that this amount may not be representative of every household in the country, as the average can be influenced by high-income households who spend more on tourism. On the other hand, low-income households may spend less or not have the means to spend any money on tourism.
Additionally, the COVID-19 pandemic has also had a significant impact on the tourism industry, leading to a decrease in spending on tourism for many households.
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Persuasive advertising becomes ________ advertising when a company directly or indirectly compares its brand with one or more other brands.
Persuasive advertising becomes attack advertising when a company directly or indirectly compares its brand with one or more other brands.
The goal of persuasive advertising is to persuade a consumer to buy a product or service by appealing to their needs and aspirations. By framing items in a positive light and persuading consumers of their advantages, this advertising strategy aims to sell products. The three argumentation styles can be summed up as follows: A speaker's ethics or character are used to appeal to the audience through ethos. Pathos is the appeal to emotions of the audience. Invokes the feeling of logic in the listener by supporting arguments with verifiable data. Newspaper articles and advertisements make excellent examples of persuasive writing. Although there are different ways to write effectively, most persuasive texts have a main argument, proof to back up the point, and a conclusion that summarizes the entire piece.
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The Japanese government does not allow more than 100,000 automobiles to be imported into their country. This is an example of a(n)
Question 2 options:
subsidy
tariff
quota
embargo
Answer:
This is an example of a quota. A quota is a limit on the amount of a certain product that can be imported into a country. In this case, the Japanese government has placed a quota of 100,000 automobiles on imports into their country.
Explanation:
This is an example of a quota. A quota is a limit on the amount of a certain product that can be imported into a country. In this case, the Japanese government has placed a quota of 100,000 automobiles on imports into their country.
The Fourteenth and Fifteenth Amendments are alike in that they both? a.allow enslaved persons to vote in their states of residence.b.give enslaved persons the right to own property.c.protect the rights of former enslaved persons and their descendants.d.take rights such as liberty away from slave own
The correct option is B. The Fourteenth and Fifteenth Amendments are alike in that they both give enslaved persons the right to own property.
A modification is a formal or professional change made to a regulation, contract, charter, or another felony file. it is based totally on the verb to amend, because of this to trade for better. Amendments can upload, cast off, or update elements of these agreements. they may be regularly used whilst it is better to exchange the file than to put in writing a brand new one. only the legislative branch is involved in the change technique.
A change is a proper or reliable change made to a law, contract, constitution, or different criminal file. it is based on the verb to amend, which means to alternate for better. Amendments can add, dispose of, or replace elements of these agreements. Amending the charter of India is the system of making adjustments to the state's essential law or preferred law. The procedure of amendment inside the charter is laid down in component XX (Article 368) of the charter of India.
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which irs publication includes the roles and responsibilities of the site coordinator A. Publication 5166. IRS Volunteer Quality Site RequirementsB. Publication 1084. VITA/TCE Volunteer Site Coordinator HandbookC. Publication 4299, Privacy, Confidentiality and Civil Rights - A Public TrustD. Publication 4012, VITA/TCE Volunteer Resource Guide
The publication 5683, 5683VITA/TCE Handbook for Partners and Site includes the roles and responsibilities of the site coordinator
What is publication?The term publication refers, that the magazines or Articles and journals that have been counted in the publication, The publication is also a piece of written media work that reviews the count as a publication, The criteria for publications differ depending on the document you're writing.
The IRS publication refers to the internal revenue service, It was an informational booklet that comes under the taxpayers and the detailed guidance on tax issues
Therefore, As a result, The publication which includes the role and the responsibilities, of the site was 5683.
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you are managing a mission-critical project for your organization. a seller has been sourced to provide a high load winch system. you will be leasing a winch that is rated at 1,000 pounds. you are reviewing the invoices after the seller contacted you about a missing check. the seller was quite unhappy with the mistake. which item can be used to help identify the mistake? answers a. communications management plan b. inspections and audits c. accounts payable system d. claims administration
The item that can be used to help identify the mistake is Account Payable System
A structured (and frequently automated) system called accounts payable is in charge of compensating suppliers and vendors for the goods and services that a business has acquired from them. The ultimate objective is to guarantee that a firm pays its bills promptly, correctly, and in whole to its suppliers.
Due to the fact that it involves money due to one or more creditors, accounts payable is a liability. On a company's balance sheet are accounts payable, and on its income statement are its costs.
Businesses may focus on making improvements in a number of areas, including the full-cycle accounts payable process.
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states competed with each other for trade advantages as a result of which key weakness in the articles of confederation?
The Articles of Confederation, which were the first constitution of the United States, had a key weakness in that they lacked a strong central government.
This resulted in states competing with each other for trade advantages, as each state had its own separate system of tariffs and trade regulations.
The lack of a unified commercial policy caused trade friction and economic disorder, leading to calls for a stronger central government and eventually the adoption of the U.S. Constitution.
Under the Articles of Confederation, the central government was limited in its powers and each state had a great deal of autonomy. This led to conflicting policies and regulations regarding trade between states, as each state sought to promote its own economic interests.
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production inefficiency occurs part 2 a. either when an economy produces underneath the production possibility frontier or when the economy is producing the wrong combination of goods on the production possibility frontier. b. only when an economy produces at the wrong point on the production possibility frontier. c. only when an economy produces underneath its production possibility frontier. d. only when the economy produces outside the production possibility frontier.'
The correct option is c. Production inefficiency occurs only when an economy produces underneath its production possibility frontier.
This means that the economy is not producing enough of one or more goods to reach its full potential output. This can occur due to a lack of resources, technology, or skills, or simply due to a misallocation of resources.
When this ineffeciency occurs, the economy is not producing the optimal combination of goods and services at the highest level of output. Therefore, it is not producing at its full potential, and output is lower than it could be.
This can lead to an increase in prices, a decrease in the quality of goods and services, and a decrease in economic growth. Inefficient production is a major problem for any economy, and can lead to long-term economic issues if not addressed.
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how replicable is sas institute’s success story?
The success story of SAS Institute is highly replicable. The company was founded in 1976 by Jim Goodnight and John Sall and has since become one of the largest independent software companies in the world.
SAS Institute has achieved this success through a strong focus on customer service, innovation, and quality. The company has developed a culture of respect for employees and team members, which has enabled them to stay flexible and creative.
Additionally, SAS Institute has invested heavily in research and development to remain at the forefront of technology. The company has also focused on creating a positive work environment, which has enabled them to attract and retain talented employees.
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Mary Watson, a resident of Shawnee County, Kansas, wishes to bring an invasion of privacy lawsuit against Snowball, Inc., because the company used a photograph of her, without her consent, in an advertisement for one of its products. The photograph was taken while she was hiking in the mountains of Colorado. Watson will ask for damages of $100,000 from Snowball, a corporation located in Summit County, Colorado. The ad was published in a Denver newspaper. Snowball also placed the ad on its website that is accessible by anyone with Internet. Mary comes to you for advice. How would you answer the following questions?
a) If Mary wants to file in state court, in which state or states is jurisdiction proper? Explain. Be sure to address the two most obvious possibilities and state whether jurisdiction is proper there.
Mary can file the lawsuit in either Kansas or Colorado, as both states have jurisdiction over the case.
Jurisdiction refers to the authority of a court to hear a case and make a decision. In this case, there are two most obvious possibilities for where Mary can file the lawsuit: in Shawnee County, Kansas (where she resides) or in Summit County, Colorado (where Snowball, Inc. is located and where the ad was published).
Under the legal principle of "long-arm jurisdiction," a state may exercise jurisdiction over a non-resident defendant if the defendant has sufficient minimum contacts with the state. In this case, Snowball, Inc. published an advertisement in a Denver newspaper and placed the ad on its website that is accessible by anyone with the internet. These actions create minimum contacts with Colorado, meaning Colorado has jurisdiction over Snowball, Inc.
Similarly, Kansas may also have jurisdiction over Snowball, Inc. under the "long-arm jurisdiction" principle if the publication of the ad caused harm in Kansas. Mary, who resides in Shawnee County, Kansas, is alleging that her privacy was invaded in Kansas as a result of the advertisement, which gives Kansas jurisdiction over the case.
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suppose that the gdp of india in 2017 was 152 trillion rupees, while us gdp was $17.7 trillion. the exchange rate in 2017 was 65.1 rupees per dollar. moreover, prices are lower in india: the price level in india divided by the price level in the us is equal to 0.277 in 2017. a. if we do not take into account the relative price differences in the two countries, but only the exchange rate, how much larger is us gdp relative to india gdp? show your work. 3 b. if we take into account the relative price differences in the two countries, how much larger is us gdp relative to india gdp? show your work.
a. Using the exchange rate only, US GDP is larger than India's GDP by 15.36 trillion dollars. b. Taking into account the relative price differences, US GDP is larger than India's GDP by 9.3 trillion dollars.
a. To compare the two economies using only the exchange rate, we need to convert India's GDP from rupees to dollars.
[tex]152 \text{ trillion rupees} \times \frac{1 \text{ dollar}}{65.1 \text{ rupees}} = 2.34 \text{ trillion dollars}[/tex]
So, using the exchange rate only, US GDP is larger than India's GDP by 17.7 - 2.34 = 15.36 trillion dollars.
b. To compare the two economies taking into account the relative price differences, we need to adjust the size of India's economy to the price level of the US. This can be done by dividing India's GDP by the ratio of the price level in India to the price level in the US.
152 trillion rupees / 0.277
= 547.29 trillion rupees}
Next, we convert this to dollars using the exchange rate.
[tex]547.29 \text{ trillion rupees} \times \frac{1 \text{ dollar}}{65.1 \text{ rupees}} = 8.4 \text{ trillion dollars}[/tex]
So, taking into account the relative price differences, US GDP is larger than India's GDP by 17.7 - 8.4 = 9.3 trillion dollars.
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