Answer:
d. rational decision making.
Explanation:
Rational decision makers do not expect any boundaries and constraints as they assume the decision should be taken after having all the facts known, as these relate to taking a decision in good faith.
This is basically choosing the best with all the information and understanding.
As here Scott and his partner do not have complete knowledge and understanding of the complexity and technology.
Thus, it hinder there exercise towards making a rational decision.
Answer:
I thinks it's gross national income
Explanation:
I am guessing
Answer:
Future Value= $10,000
N=13*2=26
YTM=4.7/2=2.35
PMT=0
PV=?
Enter these in a financial calculator
$5,466.59
Explanation:
Answer: Purchase of outputs produced by the firm and in exchange receives wages for their labour from the firms.
Explanation:The circular flow of income is the flow of money, goods & services between economic agents. These economic agents are: the household, Firms and Government.
The Household spend its income on goods & services and also purchase outputs produced by firms and gets its inflow by providing factors of production to the firms.
The Firms spends its income on all factors of production( Labour, Capital, Raw materials) and gets its inflow from the sale of goods & services.
Government consist of the local state and federal whose income flows from the household and firm by way of taxes and flows out by way of grants, subsidies and purchase of goods & services.
Answer:
Compound interest will lead to a larger sum of money than a comparable simple interest payment.
Explanation:
The true statement is that compound interest will lead to a larger sum of money than a comparable simple interest payment because the interest are compounded for a certain number of times such as daily, weekly, quarterly or annually while simple interest isn't compounded at all.
To find the future value, we use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Mathematically, simple interest is calculated using this formula;
Where;
S.I is simple interest.
P is the principal.
R is the interest rate.
T is the time.