Since it is a short term loan, it wouldn't be a second home or a car, because those are paid for over the course of YEARS.
A skateboard is usually ~100$ and doesn't need a loan.
Your answer is C) To pay for credit card debt
Answer:
Inelastic
Explanation:
The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand
Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down
So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic
Answer:
The correct answer is $1265.60.
Explanation:
According to the scenario, the given data are as follows:
Present Value (PV) = $25,000
Rate of interest = 5%
Rate of interest ( semi annual) (r) = 2.5%
Time period (semi annual) = 2
So, First we calculate the effective annual interest rate,
Effective annual interest rate = ( 1 + r)^n = (1.025)^2 -1
=5.0625%
So, Annual Withdrawal = PV × Effective annual interest rate
by putting the value, we get
Annual withdrawal = $25,000 × 5.0625%
= $1265.60
Answer:
Boeing sells an airplane to the Air Force is purchases by the Government
Boeing sells an airplane to the American Airlines is Investment
Boeing sells an airplane to the Air France is net exports
Boeing sells an airplane to the Amelia Earhart is Consumption
Boeing builds an airplane to be sold next year is an Investment
Explanation:
Purchases by Government represent goods and services bought by Federal,State or Local tier of Government and Air Force is part of the Government
Investment refers to goods bought in order to produce other goods or services,since American Airlines would convey passengers in the airplane,no doubt it is an investment.
Net export exports relate to worth of goods and services provided to other nations less the value of such goods and services the foreign nations provided to ours.Since the sale to a foreign company,it is ultimately a net exports taking import as zero.
Consumption refers to sale of goods and services to private individuals intended for private use.
Building up stock for sale next year is an investment in inventory.
