Answer:
D.
Explanation:
Conspicuous consumption is when a person pays an extremely high price for a product for its prestige value leading to a much higher demand than a simple price/demand relationship would justify.
Characteristics:
-Buying expensive items to display wealth and income rather than to cover the real needs of the consumer.
-Gain higher social status.
-Behavior not only limited to the rich/upper class but among the poorer social classes and emerging economies.
-Clear positioning.
-Time relation is the present.
-Able to take risks.
-Try new products.
-Love symbols of status.
-Wants status appreciation.
Answer:
The answer is 9.38%
Explanation:
This is a semiannual paying coupon. And it means West Corp pays interest twice a year.
N(Number of periods) = 24 periods ( [14years - 2 years ago] x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,030 ( 103% x $1,000)
PMT( coupon payment) = $49 ( [9.8 percent÷ 2] x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 24; PV = 1.030; PMT = 49; FV= $1,000; CPT I/Y= 4.69
Therefore, the Yield-to-maturity of the bond for annual is 9.38% (4.69% x 2)
Answer:
The correct option here is option D) Mercantilism.
Explanation:
Mercantilism was a type of economic theory which was practiced around 16th - 18th century , that was based on a idea that a country's wealth and power could well be increased by increasing the exports and decreasing the imports, thus overall increasing the the trade.
This theory promotes that government should regulations on the country's economy to serve the purpose of augmenting state of power at the cost of rival country's powers. This is the same policy that China is using against U.S. in their favor to increase their monetary reserves , through a positive balance of trade.
