Answer: Heyaa! :)
→ income not spent, or deferred consumption. Methods of saving include putting money aside in
- <em>Checking Account</em>
Offers easy access to your money for your daily needs ←
<em>The main difference between checking and savings accounts is that </em>checking accounts actually used on the daily <em>while</em> savings accounts are primarily for saving money.
Hopefully this helps <em>you !</em>
- Matthew ~~
Answer:
10%
yes
2%
enter
8%
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Rate of return = (earnings of firms / amount invested) x 100
(15/150) x 100 = 10%
The firm is earning an economic profit because the rate of return is higher than the normal profit by 2%.
In the long run, firms would enter into the industry. This would reduce economic profit to zero and the firm would be earning only normal profit once long run equilibrium has been reached
The correct answer is Singapore. For Plato!
1) A student loan is an example of an unsecured debt. A secured debt is when a person has something as collateral like their automobile.
2) Unsecured debts usually have higher interest rates when compared to something with a secured debt.