Which asset made belgium a good place to establish the first industrialized textile manufacturer.

A fall in the price of a product might cause a household to shift its purchasing pattern away from substitutes toward that produ

ad-work [718]

Answer:

The correct answer is: substitution effect.

Explanation:

The price of a product is inversely related to the quantity demanded. This implies that an increase in the price will cause the quantity demanded to decrease and vice versa.

The consumers always prefer a cheaper substitute. So in case of a price rise of a product, the consumers will move to a substitute at lower price.

If there is a fall in the price of the product, the consumers will move away from the substitute to the product.

This is known as the substitution effect.

4 0

3 years ago

Residents of poor countries tend to have fewer automobiles per capita because Group of answer choices lower per capita real gros

Fantom [35]

Answer:

lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;

Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.

Mathematically, ${Real GDP}=\frac{\text{Nominal GDP}}{\text{GDP deflator}}$

Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.

4 0

3 years ago

The imf established __________ as the replacement for gold as a world standard.

Andreas93 [3]

The international monetary fund established special drawing rights as the replacement for gold as a world standard. International monetary fund helps countries in balancing their economies by letting states to borrow against their deposits of financial reserves and repay the loans in subsequent years.

3 0

3 years ago

The expected return and standard deviation of a portfolio that is 30 percent invested in 3 Doors, Inc., and 70 percent invested

kirill115 [55]

Answer:

For correlation 1 the standard deviation of portfolio is 0.433.

For correlation 0 the standard deviation of portfolio is 0.3191.

For correlation -1 the standard deviation of portfolio is 0.127.

Explanation:

The standard deviation of a portfolio is computed using the formula:

$\sigma_{P}=\sqrt{w^{2}_{1}\sigma_{1}^{2}+w^{2}_{2}\sigma_{2}^{2}+2\times r\times w_{1}\sigma_{1}w_{2}\sigma_{2}}$

(1)

For r = + 1 compute the standard deviation of portfolio as follows:

$\sigma_{P}=\sqrt{w^{2}_{1}\sigma_{1}^{2}+w^{2}_{2}\sigma_{2}^{2}+2\times r\times w_{1}\sigma_{1}w_{2}\sigma_{2}}\\=\sqrt{(0.30^{2}\times 0.51^{2})+(0.70^{2}\times 0.40^{2})+(2\times1\times0.30\times 0.51\times0.70\times 0.40)}\\=\sqrt{0.187489}\\=0.433$

Thus, for correlation 1 the standard deviation of portfolio is 0.433.

(2)

For r = 0 compute the standard deviation of portfolio as follows:

$\sigma_{P}=\sqrt{w^{2}_{1}\sigma_{1}^{2}+w^{2}_{2}\sigma_{2}^{2}+2\times r\times w_{1}\sigma_{1}w_{2}\sigma_{2}}\\=\sqrt{(0.30^{2}\times 0.51^{2})+(0.70^{2}\times 0.40^{2})+(2\times0\times0.30\times 0.51\times0.70\times 0.40)}\\=\sqrt{0.101809}\\=0.3191$

Thus, for correlation 0 the standard deviation of portfolio is 0.3191.

(3)

For r = -1 compute the standard deviation of portfolio as follows:

$\sigma_{P}=\sqrt{w^{2}_{1}\sigma_{1}^{2}+w^{2}_{2}\sigma_{2}^{2}+2\times r\times w_{1}\sigma_{1}w_{2}\sigma_{2}}\\=\sqrt{(0.30^{2}\times 0.51^{2})+(0.70^{2}\times 0.40^{2})+(2\times-1\times0.30\times 0.51\times0.70\times 0.40)}\\=\sqrt{0.016129}\\=0.127$

Thus, for correlation -1 the standard deviation of portfolio is 0.127.

3 0

3 years ago

The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to

Margaret [11]

Answer:

1,081,000

Explanation:

Here we will use the formula

Material Purchase = Beginning raw material - (Ending raw material + raw material used)

by applying this formula we can calculate Material purchased.

= 547,000 - (610,000+1,018,000)

= 1,081,000

5 0

3 years ago