Because it pays a higher rate of interest.
A savings account is better than a checking account for saving money because they normally pay a higher interest rate than a checking account. Quite often, a checking account will not pay any interest at all.
Answer:
scarcity.
Explanation:
Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.
Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.
In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.
Answer:
(Decrease, Increase)
Explanation:
When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.
Answer:
$14,400
Explanation:
The computation of the current book value of the machine is shown below:-
Value of the Machine two Years ago = $ 18,000
Annual Depreciation = Cost - Salvage Value ÷ Useful Life
= ($18,000 - 0) ÷ 10
= $ 1,800
Depreciation for two years = $1,800 × 2
= $ 3,600
The Current Book Value = Cost - Depreciation for two years
= $18,000 - $3,600
= $14,400
Answer: Unilateral contract
Explanation: A Unilateral contract is a form of contract where a promise is made by one party to another, this contract is normally on a condition that the receiver of the promise in the contract would complete some task(s), in order to receive the promise.
Mark made a promise to his staffs in the newspaper newsroom to be fulfilled, if the task was accomplished by anyone. Of which Anna completed the task and claimed the promise by the editor.
