Answer:
9.14%
Explanation:
Calculation for YTM
First step is to use financial calculator to find the I which represent Interest rate
FV = 1,000
PMT= 1,000*8.4%/2= 42
N= 9years*2= 18
PV= -955
Hence,
I= 4.57%
Now let calculate YTM
YTM = 4.57%*2
YTM =9.14%
Therefore YTM will be 9.14%
When the price of an inferior good falls, the substitution effect leads to an increase in the quantity purchased and the income effect leads to a decrease in the quantity purchased.
An inferior good is something consumers would purchase only if they had more income so if the price falls, customers are able to afford to use this product as a substitute to an item of lower price that they currently purchase.
The division of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as specialization.
Specialization is a business technique used to concentrate on producing a very narrow range of goods or services in order to achieve maximum productivity, subject-matter knowledge, and industry leadership. Specialization used businesses claim to get higher returns on their investments. Specialization is the antithesis of diversification, which is when a business expands outside of its primary business. Regions of a nation or even entire countries may be considered specializations. Many nations worldwide focus on producing or providing services that are unique to their region while importing other products and services.
Learn more about specialization here:
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Answer:
A. Input measures, process measures and output measures
Explanation:
A project should have all of the following measures.
Input Measures
To ealuate the performance of the project we should measure the resource being used in the project.
Process Measure
In processing phase we should have controls over the resource to get the required output.
Output measure
We should measure the output that a process gives after processing on the resources being input in the process.