<span>1.) A. land
2.) D. Pollution
</span>
Answer:
The correct answer is: 2,000; 0.4
Explanation:
We can write the initial consumption function as,
C = a + bY
8,000 = a + 10,000b
a = 8,000 - 10,000b
The new consumption function is,
14,000 = a + 20,000b
Putting value of a in this function
14,000 = 8,000 - 10,000b + 20,000b
14,000 - 8,000 = 10,000b
b =
b = 0.6
Putting the value of b in the initial function,
8,000 = a + 10,000 0.6
a = 8,000 - 6,000
a = $2,000
The marginal propensity to consume or b is 0.6.
The marginal propensity to save will be
= 1 - 0.6
= 0.4
Answer:
The correct answer is letter "C": Requires you to pay interest every day until you repay the cash advance.
Explanation:
A cash advance is a form of loan an individual must pay in the short-run. In some cases, they are debited directly from the debtors' paycheck. The characteristic of this loan is carrying a relatively high-interest rate. If the debtor defaults, the debt amount increases exponentially. <em>As the repayment is expected soon, the interest rate is compounded, meaning it is calculated by day until the total debt has been paid off.</em>
Traditional/full service brokerage firms help you invest in stocks, bonds, funds, and other investments and also offer a wide range of financial services like tax advice, planning for retirement, etc.
Discount brokerage firms help you facilitate stock trades and other transactions but do not usually offer additional services or planning advice.
A portfolio manager is the <u>person</u> who makes investment decisions on behalf of clients (either individuals or businesses)