the federal government's role as the provider of national defense is justified by considerations of_____

Answers

Answer 1

the federal government's role as the provider of national defense is justified by considerations of Public goods.

Public goods are of philosophical interest because they have a close relationship to issues with the regulation of externalities and the free-rider problem, as well as because their provision is, in varying degrees, necessary to the efficient operation of society on an economic, political, and cultural level. Without infrastructure and their protection, it would be more difficult to exchange things, cast ballots, or enjoy the pleasures of cultural development. Political theorists generally concur that education at some degree is necessary for democracy to function. The provision of public goods presents significant economic and ethical problems because of its relationship to externalities and the free-rider dilemma.

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Related Questions

the company requires all logs generated from the web application to be copied to a central aws account for analysis and archiving

Answers

In the central account, create a cross-account role. When the logs are copied, take on the function of the production account. To fulfil these requirements, the solutions architect must do this action.

What is a solution architect?

In order to give the best solution to the problem which needs to be solved, a skilled solutions architect examines the current environment, evaluates the technologies that are available, and determines what software product needs to be produced. The solutions architect then develops a broad strategic technical vision, much like an architect would when creating a building's blueprint. Based on that vision, they create a budget for creating a software product. The solutions architect is in charge of overseeing the process and informing stakeholders of the progress once the stakeholders have approved the project.

So, The correct option is A.

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Correct Question : A company is running a web application on Amazon EC2 instances in a production AWS account. The company requires all logs generated from the web application to be copied to a central AWS account for analysis and archiving. The company's AWS accounts are currently managed independently. Logging agents are configured on the EC2 instances to upload the log files to an Amazon S3 bucket in the central AWS account.

A solutions architect needs to provide access for a solution that will allow the production account to store log files in the central account. The central account also needs to have read access to the log files.

What should the solutions architect do to meet these requirements?

A. Create a cross-account role in the central account. Assume the role from the production account when the logs are being copied.

B. Create a policy on the S3 bucket with the production account ID as the principal. Allow S3 access from a delegated user.

C. Create a policy on the S3 bucket with access from only the CIDR range of the EC2 instances in the production account. Use the production account ID as the principal.

D. Create a cross-account role in the production account. Assume the role from the production account when the logs are being copied.

What will happen over time if a firm uses its overall WACC to evaluate all projects, regardless of each project's risk level

Answers

Accepting project that should be rejected and rejecting initiatives that should be accepted by your organization increases your overall risk.

A project is any action, perhaps by research or design, by an individual or group that is specifically designed to achieve a specific goal. Another perspective considers a project as a series of actions that must be completed over a specified period of time and under specified financial and other constraints.

A project can function as an ad-hoc system or as part of a larger program. It should be emphasized that open source software "projects" and musician music "projects" may not have a clear team structure, extensive preparation, or time constraints.

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Which of the following items should be classified as long-term operational assets? Long-Term Operational Asset a. Prepaid insurance b. Coal mine c. Office equipment d. Accounts receivable e. Supplies f. Copyright g. Delivery van h. Land used in the business i. Goodwill j. Cash k. Filing cabinet l. Tax library of accounting firm

Answers

Prepaid insurance, Accounts receivable, Land used in the business, and Filing cabinet should be classified as long-term operational assets.

A corporation purchases long-term operating assets, which are then employed to produce income over a number of years. These assets can be categorized as tangible or intangible, and the cost to obtain them includes the acquisition price as well.

As any expenditures associated with preparing the asset for the business' planned purpose. Long-term assets include, for example: Fixed assets include things like property, machinery, buildings, fixtures, and transportation vehicles.

Investments made for the long term, such as stocks, bonds, real estate, and investments in other businesses. The total value of all assets less the total value of all quasi assets is the worth of a company's operating assets.

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______ leadership approaches attempt to determine the unique behaviors used by effective leaders.

Answers

Behavioral leadership approaches attempt to determine the unique behaviors used by effective leaders.

What is leadership ?Leadership in business is the ability to set and achieve difficult goals, act quickly and decisively when necessary, outperform the competition, and inspire others to excel."The act of leading a group of people or organizations." This is how the Oxford Dictionary defines leadership. Simply put, leadership means taking risks and challenging the status quo. Leaders motivate others to achieve something new and better.Effective leadership in business can enhance and encourage teamwork, create a better sense, motivate, inspire confidence, and provide purpose and direction. Good leaders are believed to facilitate organizational development and growth in any business environment. They have the right skills to enhance the efficiency and productivity of many business processes and stimulate the growth and development of organizations.

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A company needs to merge third-party data with its own data. Which of the following actions will help make this process successful

Answers

The following actions will help make this process successful:
1. Establish a data governance policy to ensure data accuracy and consistency.
2. Develop a data integration strategy to ensure data is properly merged.
3. Create a data quality assurance process to ensure data is accurate and up-to-date.
4. Implement a data security policy to protect data from unauthorized access.
5. Establish a data sharing agreement with third-party vendors.
6. Develop a data visualization strategy to help identify trends and patterns.

What is integration strategy?

Integration strategy is a plan of action used to bring together and combine different processes, products, services, and systems into one cohesive unit. It is the process of connecting different components and systems to create a unified whole. Integration strategies are used to help organizations achieve their goals, such as increased efficiency and improved customer experience. They can involve the use of technology, such as cloud computing, artificial intelligence, and automation, to create integrated systems. Integration strategies can also involve changes to organizational structure and processes, such as policy and procedure changes, communication improvements, and process streamlining. Ultimately, integration strategies seek to ensure that all aspects of a business are coordinated, working together to achieve the company’s core objectives.

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What is the difference between secured and unsecured debt ?

Answers

Collateral is not necessary for unsecured obligations, but it is for secured debts.

Difference between secured and unsecured debts?

secured Debts:

When a loan is secured, the lender will normally require you to pledge an asset as collateral. The assets used as collateral may be in the form of real estate or money.

In general, secured debts are thought to provide a lesser risk to lenders than unsecured obligations. For instance, if a secured debt defaults, the lender may seize the collateral. These loans might therefore provide better financing terms and interest rates. Lenders may also be less stringent when it comes to eligibility requirements like credit scores.

Unsecured debts:

Unsecured debts lack any form of collateral backing them up. Since unsecured debts aren't guaranteed by anything, lenders might

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Critics argue that monetary policy does not impact all individuals equally because some industries (such as real estate and construction) are significantly more impacted by interest rate changes.

Answers

Monetary policy influences the discount rate required to discount future yields. Aside from that, the real effects of monetary policy in the medium term may affect demand, rental prices, and thus house prices.

The risk premium is an important determinant of the price of all long-term assets. A central bank implements monetary policy to maintain a stable economy, keep unemployment low, protect the value of the currency, and promote economic growth. A central bank influences borrowing, spending, and savings prices by manipulating interest rates or reserve requirements, or by conducting open market operations. The central bank attempts to maintain price stability by controlling the amount of money in circulation.

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What is an important influence in desired service expectations?

Answers

The type of service that customers hope to receive is termed as desired service.

What is service expectations?

Our findings imply that there are two levels of customer service expectations: desired and adequate. The level of service the client aspires to obtain is the desired service level.

It combines the customer's ideas of what "can be" and "should be." The level of service that the consumer thinks acceptable is considered adequate. Support Groups can outline the services they offer, how they deliver them, what determines the cost of those services, how they gauge success, and how they benefit the service user and university in Service Expectation Statements (SESs).

Service Expectation Reviews allow customers the chance to offer feedback on the services rendered, cooperatively negotiate service adjustments, and have services removed where they are no longer necessary. 

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As of the year 2000, services accounted for what percentage of total U.S. output? O 25 percent. O 50 percent O 80 percent. O 90 percent.

Answers

As of the year 2000, services accounted for 80 percent of total U.S. output.

The US Real GDP currently stands at 20.05T, up over 19.90T in the previous quarter and 19.67T a year earlier. The change from the previous quarter and one year ago is 0.80% and 1.94%, respectively.

According to this ranking for 2021, the USA has by far the greatest economy in the world, with a GDP of 23.32 trillion dollars. With a GDP exceeding 17.73 trillion dollars, China is in second place after the United States. In terms of worldwide comparison, Canada is also well ahead and is currently ranked tenth.

With a nominal GDP of around US$17.7 billion (114.4 trillion yuan) in 2021, it has the second-biggest economy in the world. Since 2016, its purchasing power parity-based GDP has been the greatest in the world (PPP).

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Maddox wants to go back to college full-time. His current employer has agreed to reduce his hours from 40 hours to 25 hours while retaining his current rate of pay. Maddox has lived in his own apartment for 1 year and really likes his independence. Which of the following budgets below would fit his new situation

Answers

Maddox wants to go back to college full-time. Among the following budgets the Modified Budget A would fit his new situation.

Option A is correct.

What is a Budget Amendment?

A zero-sum adjustment of line items in a fiscal year's budget is referred to as a budget modification. The contract's value does not change if the budget is changed. If your company increased its budget in one area, another line item in the budget would need to be decreased proportionally.

Calculating the problem:

According to given problem:

For working 40 hours ,  Maddox month to month paid  compensation =

                                       $1760  

So  for working 1 hour , Maddox month to month  compensation =    

                                     $1760÷40= $44  

Therefore, to work of 25 hour , Maddox month to month salary wages

                                 $44 × 25 = $1100.  

Elaborating :

As a result, the new wages will be $1100 after working less hours. However, as you can see in spending B and C, income compensation is considered to be $1600, but this will not be the case after working 25 hours per week.

Therefore, Maddox is unable to choose between Modified Budgets B and C; instead, he must choose between Modified Budgets A and D. Let's now focus on the net pay for Modified Budgets A and D.

The net gain for Modified Budget D is negative, or $515. this means that in order to meet Budget D, he needs to earn $515 more, but his salary compensation is already set at $1100.

Finally, gives See A the opportunity to receive the total compensation of Adjusted Spending Plan A. Since he can save $30, we can conclude that Adjusted Spending Plan A is the most suitable for his new situation.

Why is adjusting a budget important?

The budget is updated to help set sales goals and set spending limits that are more realistic. Budgets and forecasts are established before a financial period begins. before it is revised, and are fixed for at least a quarter.

Question is incomplete .Missing options are below:

Maddox wants to go back to college full-time. His current employer has agreed to reduce his hours from 40 hours to 25 hours while retaining his current rate of pay. Maddox has lived in his own apartment for 1 year and really likes his independence. Which of the following budgets below would fit his new situation?

Monthly Budget

Current Amount

Income

Wages

$1760

Expenses -

Rent

Utilities

Food

Gym Membership

Entertainment

Savings

Clothes

Cell Phone

Car Expenses

$350

$100

$220

$45

$225

$200

$175

$100

$300

Net Income

$45

Monthly Budget

Modified Budget A

Modified Budget B

Modified Budget C

Modified Budget D

Income

Wages

$1100

$1600

$1600

$1100

Expenses -

Rent

Utilities

Food

Gym Membership

Entertainment

Savings

Clothes

Cell Phone

Car Expenses

$350

$100

$120

$0

$20

$50

$30

$100

$300

$350

$100

$120

$0

$20

$50

$30

$100

$300

$350

$100

$220

$45

$225

$200

$175

$100

$300

$350

$100

$220

$45

$220

$150

$130

$100

$300

Net Income

$30

$530

-$115

-$515

a.Modified Budget A

b.Modified Budget B

c.Modified Budget C

d.Modified Budget D

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The pursuit through government of a "transfer of wealth" at someone else's expense refers to:
A)logrolling.
B)the paradox of voting.
C)rent-seeking behavior.
D)the median-voter model.

Answers

The pursuit of a "transfer of wealth" at the expense of others through government is referred to as logrolling.

Give an example of Logrolling.

Senator A agrees to support Senator K's state project in exchange for Senator K supporting Senator A's state project. This is an example of logrolling with a group of answer choices. The model of the median voter. Voting creates a paradox. The principal-agent dilemma.?

Logrolling simply refers to the specific exchange of favors. It is the practice of exchanging help, which is acceptable in politics when each other's proposed legislation is approved.Logrolling occurs when Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project.

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What are the advantages of earning your own money to purchase something special? explain the advantages using specific details and examples in your response?

Answers

When people use their own money to buy something exceptional, they will spend less, value it more, and be inspired to repeat the action.

What is the importance of earning in life?

You can establish a business, create the home of your dreams, support your family financially, and pursue other objectives you think would improve your quality of life if you have money.

It aids in the acquisition of some of life's intangibles, like freedom or independence, the chance to fully utilize our abilities and skills, the power to choose our own course in life, and financial security. Money allows for a lot of good deeds and the avoidance or end of avoidable misery.

You wait and save your money, and when you do, you'll get double as much as you did before. and that is the first benefit of making your own money and purchasing wonderful things with it.

Therefore, the answer is:

The advantages of people earning their own money to purchase something special are they will spend less money, value it more, and they will have the motivation to do it again.

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What is meant by moving laterally from a position in one
department to a position in another department?

Lateral moves retrain successful employees for new
positions in the private sector.

Lateral moves afford employees with a step up in
seniority and responsibility in a new department.

Lateral moves are shifts between departments and
duties without moving up on the GS schedule.

Lateral moves retrain successful employees for new
positions in the private sector to reward loyalty.

Answers

Lateral moves are shifts between departments and duties without moving up on the GS schedule.

What is departments?

Departments are organizational units within a company or organization that are responsible for specific tasks or functions. They are typically divided up based on the type of work they do and the expertise required to perform it. For example, a business might have departments such as sales, marketing, finance, human resources, and operations. Each department is responsible for their own tasks and have their own staff and resources. Working together, departments collaborate to ensure the company meets its goals. Departmentalization is important for the efficient functioning of a company, and it helps ensure that each department is working towards the same larger objectives.

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The primary role of financial accounting is to provide useful financial information to users who are ______ to the business enterprise.

Answers

The main purpose of financial accountancy is to deliver valuable financial data to customers outside of the corporate enterprise, especially creditors and investors.

What does "investor" mean?

a person or a group of people who invest their funds in a company or other organization as in hopes of making a profit: Investors that wanted to sell their stock on the market but couldn't find any purchasers.

What are the three objectives of an investor?

The main three reasons people invest are for safety, revenue, and capital gains. Others, though, are worth considering while making investing decisions.

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What types of investments are most appropriate for short term needs?

Answers

Cash equivalents, money market funds, and certificates of deposit (CDs) are most appropriate for short-term needs.

Cash equivalents, such as money market accounts and Treasury bills, are low-risk investments that provide immediate liquidity and a fixed return. Money market funds are mutual funds that invest in short-term debt instruments, such as CDs, commercial paper, and government securities.

These investments typically offer higher yields than savings accounts but without the risk of stocks. Certificates of deposit (CDs) are low-risk investments that offer a fixed rate of return for a predetermined period of time.

Generally, the longer the term of the CD, the higher the interest rate. CDs can provide a greater return than money market accounts or Treasury bills, but they have a longer time horizon and are not as liquid.

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Who controls the economy in communism ?

Answers

In a communist society, the economy is centrally planned and controlled by a single party, usually the communist party. This party decides what is produced, how much is produced, where it is produced and how it is distributed.

All economic decisions are made in accordance with the overall goals and objectives of the Communist Party. The party is responsible for setting goals for production, what resources will be used, and how products will be distributed. The party also sets standards for quality, safety and environmental protection. As the sole controller of the economy, the Communist Party has the power to decide how resources will be allocated to various sectors and how much wealth should be redistributed to help the needy.

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What are the 4 simple rules for budgeting?

Answers

Four simple rules for budgeting is: Calculate your earnings, pay your bills on time track your expenses, set financial goals and review your progress.

Finding out how much money you have coming in each month is the first step in making a budget. Make a spreadsheet that includes a list of every purchase you made last month along with the cost of each item. This covers any other variable costs, such as your gym membership or streaming services, in addition to the obligatory fixed payments, such as rent and bills. Make a list of all the financial objectives you want to achieve in the short and long terms before you begin sorting through the data you have tracked. Check in at the end of each month to see how you did. It's time to shake things up if you went over budget.

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A food service employee with an open cut or wound on their hand may be permitted to prepare food if the:

Answers

A food service employee with an open cut or wound on their hand may be permitted to prepare food if the wound is covered with a water-resistant bandage and glove.

A food service employee performs a wide range of jobs associated with producing and/or serving foods in one or more various venues. These obligations range from cleaning up after cooking to complying to food safety laws, among other things. Additionally, they assist servers with a variety of responsibilities and other staff members deliver meals to guests. The responsibilities of a food service employee include performing preparatory tasks such washing, peeling, dicing, and weighing foodstuffs, as well as wrapping, date-labeling, and storing food items.

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Economic value added is also referred to as ______. Multiple choice question. Opportunity cost of capital residual income net income rate of return

Answers

Economic value added is also referred to as net income. Net income is also called as the net earnings, which is sales minus cost of goods sold.

The Economic value added, which is also referred to as the economic profit or EVA is considered to be the value a business tends to generate from its invested capital. So, the economic value added is considered to be an estimate of a firm's economic profit.

However, here the value is said to be created in excess of the required return of the company's shareholders. So, the EVA is considered to be the net profit less the capital charge in order to raise the firm's capital.

Hence, Economic value added is also referred to as net income.

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Dividend yield is the percent of cash dividends paid to common shareholders relative to the: a. Amount of cash. b. Investors' purchase price of the stock. c. Earnings per share. d. Amount of retained earnings.
e. Common stock's market value.

Answers

Definition: Dividend yield is the monetary ratio that measures the quantum of cash dividends paid out to shareholders relative to the market cost per share.

It is computed by means of dividing the dividend per share with the aid of the market fee per share and multiplying the result by 100.

What is dividend yield a percentage of?

The dividend yield is a financial ratio that tells you the percentage of a company's share rate that it can pay out in dividends every year. For example, if a organization has a $20 share charge and will pay a dividend of $1 per year, its dividend yield would be 5%.

What Is percent yield simple definition?

The simple definition of percentage yield is the genuine yield divided by means of the theoretical yield times a hundred (to convert to a percentage). Percent yield =actual yieldtheoretical yield×100% The theoretical yield is the most quantity of product a reaction should produce

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Fez enters into a contract to buy 350 acres from Grain Farm to cultivate hops and open a brewery. Fez fails to make the purchase. Grain Farm's remedy is most likely

Answers

Based on the fact that Falz failed to make the purchase, Grain Farm most likely has the remedy of C ) Pay the difference between the contract price and market price.

What is a Grain farm to do?

When a buyer (Falz) gets into an agreement to buy land or property and fails to do so, this falls under real estate and damage.

Under real estate and damage, the buyer would then have to pay the seller (Grain Farm) a remedy which would be the difference between the market price of the property and the contract price.

Options for this question include:

the amount that Faiz expected to invest in the breweryas a percentage of Faiz's unrealized profit.the difference between the contract and market prices of the land.nothing-Grain Farm still owns the land.

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Which of the following amounts paid by an employer to an employee is not subject to withholding?
a. Salary
b. Bonus
c. Commissions
d. Reimbursement of expenses under an accountable plan
e. All of the above are subject to withholding

Answers

Salary paid by an employer to an employee is not subject to withholding.

So option A is correct.

How would you define salary?

A salary is a set sum of money or other remuneration that a company gives to an employee in exchange for work completed. Salary is frequently paid at predetermined periods, such as monthly installments equal to one-twelfth of the annual salary. Employee compensation that is quoted on an annual basis, such as $50,000, is referred to as salary. The majority of workers in a company's main office will receive a salary. Hourly wage workers are paid for the number of hours they work, and they may be entitled to overtime compensation if they work more than the typical 40 hours per week. Salaried employees receive regular paychecks, even if they put in long days during busy times.

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What are the 5 risk factors?

Answers

The five types of Risk factors are genetic, demographic, environmental, behavioural, and physiological.

What do you mean by Genetic type of Risk factors?

Similar health issues can affect grandparents, parents, and kids. You may have inherited risk factors if a specific disease runs in your family.

By way of genes, inherited risk factors are handed from parent to child. Although all humans share the same genes, each person has a somewhat unique variation of these genes. Genetic variations can occasionally lead to disease. In certain rare circumstances, altering just one gene can result in disease. But more frequently than not, diseases are caused by the interactions of small genetic alterations. Consequently, each gene makes a minor contribution to the symptoms.

Therefore, the 5 risk factors are genetic, demographic, environmental, 2, and physiological.

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What idea is an important element of the US free enterprise system that encourages people to improve their material well being?

Answers

The idea of competition is an important element of the US free enterprise system that encourages people to improve their material well being.

What principle motivates people to better their material well-being and is a key component of the US free enterprise system?Competition incentivizes entrepreneurs to introduce innovative products and services, which can increase the material well being of consumers.Entrepreneurs must be able to differentiate their products and services from those of their competitors in order to be successful.This competition can lead to lower prices, higher quality, and greater variety of goods and services that are available to consumers.It also encourages businesses to be more efficient and to use their resources more effectively.This competition can create an environment in which businesses are driven to innovate, creating more jobs and opportunities for people to improve their material well being.The US free enterprise system also encourages investment in new businesses, which can create more opportunities for people to improve their material well being.These investments can lead to the development of new technologies and products, which can open up new markets and create more jobs.In summary, competition is an important element of the US free enterprise system that encourages people to improve their material well being by providing incentives for innovation, investment, and entrepreneurship.

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Refer to Table 14-12. At what quantity does Bill maximize profits?
a. 3
b. 6
c. 7
d. 8

Answers

In order to maximize profit, the company should produce where its marginal income and marginal value are equal.

The firm's marginal value of manufacturing is $20 for every unit. When the association produces four units, its marginal revenue is $20. Thus, the company ought to produce four units of output.

How can producers maximize their profit?

Answer and Explanation: Producers can maximize their earnings by means of ensuring that their incremental or marginal profit increases.

The marginal income is ascertained with the aid of deducting the marginal fee from the marginal revenue and hence, it can be improved with the aid of growing the marginal income and decreasing the marginal costs.

What is the firm's profit-maximizing volume of output?

A competitive firm uses the following manufacturing rule to maximize profits: the firm's profit- maximizing output level is the place its marginal value (MC) just equals the product rate and where marginal fee is increasing; that is, the MC curve is sloping upward.

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Amy worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government reduced defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills. What type of unemployment is Amy facing

Answers

Amy has been looking for similar employment for a year, but no employer seemed to be considering her expertise in aircraft design. Mollie kind of unemployment is Amy experiencing.

According to the OECD, unemployment refers to adults above a specific age who are currently seeking employment but are not employed or working for themselves during the reference period. The unemployment rate, which is used to determine the degree of unemployment, is calculated using the number of unemployed people as a percentage of the labor force. The state of the economy, which can be impacted by a recession, the competition brought on by globalization and international trade, government policies, regulations, and the market are just a few of the factors that contribute to unemployment. A country's fiscal policy, for example, can have an impact on unemployment and the status of the economy.

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The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

Answers

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is quota.

A quota is the set limit on how important of commodity is fairly permitted. A share is a trade limitation put in place by the government that restricts how numerous or how important plutocrat may be spent on particulars that a nation can import or export at one time.

Proportions are used by nations in transnational trade to control the quantum of trade that occurs between them and other nations. To drop significances and boost domestic product, nations sometimes put proportions on particular products. The idea of proportions is to increase home product by limiting transnational competition.

share- enforcing government enterprise are constantly appertained to as protectionism programs. Governments may also apply analogous regulations if they've reservations about the trustability or security of significances from other nations.

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Which of the following is not considered a limitation of cost-plus pricing? Select one: O a. The model does not guarantee that customers will pay the price computed. o b. Sales volume plays a large role in determining per unit costs. c. It is difficult to compute O d. The model does not give consideration to the demand side.

Answers

It is not thought of as a constraint of cost-plus pricing that something is difficult to calculate.

A cost is the amount of money that was spent on producing an item or providing a service but is no longer available for use in production, research, retail, or accounting. The total cost of the transaction is considered while determining the acquisition cost. The majority of fixed expenses are expenditures that depend more on timing than they do on production or sales. Some examples of fixed costs include rent and leasing fees, salaries, energy bills, insurance premiums, and loan repayments. Taxes that are related to business license, for example, are fixed expenses as well. Cost is the amount of money spent by a business to produce or manufacture goods or services.

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Which of the following is most likely a consequence of the Great Recession of 2008 to 2009?
A) more free-spending on expensive products
B) more demand for credit and debit cards
C) more sensible and mindful consumption
D) less interest in frugality and value
E) less emphasis on sustainable marketing

Answers

C is the correct answer

This answer seems to be the most logical of the listed.

Hope this helps have an excellent day!

Before making any recommendations to a client, basic client suitability information must be gathered. Many suggest beginning with a family balance sheet. Which of the following would be found on that document

Answers

The concept here is Net worth. It is the value of all non-financial and financial assets held by a person or entity less the value of all outstanding liabilities.

Net worth is the difference between the assets and liabilities of a person or company. A high level of wealth is associated with good financial strength and ultimately a good credit rating for the person or company.

The balance sheet includes the customer's assets and liabilities. This is used to determine equity. This is an income statement that includes salary and expenses.

Goals are not financial. In a company's financial statements, equity is reported in the Equity section. Equity helps to show the overall financial situation of the company.

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