The False statement about BRICS is The BRICS countries have joined together to form a trading bloc.
Brazil, Russia, India, China, and South Africa are the five major emerging economies that make up the term BRICS. The governments of the BRICS states have had formal summit meetings every year since 2009. On July 24, 2022, China virtually held the most recent 14th BRICS meeting.
The BRICS Forum was established in 2011 as an independent international group promoting collaboration in business, politics, and culture between the BRICS countries. The BRICS mechanism aims to promote peace, security, development and cooperation.
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Answer:
The firm will not sell any output.
Explanation:
The characteristics of perfect competition are:
Large Number of Buyers and Sellers.
Homogeneity of the Product.
Free Entry and Exit of Firms.
Perfect Knowledge of the Market.
Perfect Mobility of the Factors of Production and Goods.
Absence of Price Control.
Answer:
True
Explanation:
Some owners of a regular partnership (limited liability partnership) or a corporation (S-corporation) enjoy limited liability, unlike the owners of proprietorships, whose business liabilities and solvency are backed with the personal assets of the owners. The owners of a C-corporation enjoy full limited liability unless the corporate veil is lifted by the court, depending on prevailing circumstances. With limited liability also comes limited participation in the management of the entity.
Answer:
Kathy final balnce would be $1010 Final Balance
Explanation:
$1.163 Previous Balance
12% APR
________________
=$103 Monthly payment
(+) $907 Consumption of the month of October
____________________________
$1010 Final Balance