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Anton [14]
3 years ago
13

Assume that you live in a simple economy in which only three goods are produced and​ traded: cashews,​ pecans, and almonds. supp

ose that on january​ 1, 2015, cashews sold for ​$12.50 per​ pound, pecans were ​$5.00 per​ pound, and almonds were ​$5.00 per pound. at the end of the​ year, you discover that the cashew crop was lower than expected and that cashew prices had increased to ​$13.00 per​ pound, but pecan prices stayed at ​$5.00 and almond prices had actually fallen to ​$4.75.
Business
1 answer:
svetlana [45]3 years ago
6 0

Answer: The overall price level increased.

Explanation: The rise in the overall price level is termed as inflation. From the information we can see that the average price of the three goods in 2015 was $7.50. A year later, the average price changed to $7.58.

Therefore, the overall price level rose as the average price level increased from $7.50 to $7.58.

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Marc is a high school graduate and currently works as a corrections officer at a local prison. He would like to go back to schoo
Tatiana [17]

Answer:

Option (c) is correct.

Explanation:

In this situation, he is considered as employed. Presently, he is working as a correction officer and this job is suitable according to his qualifications. If he is trained and still working in a same department at a same job position then this situation is considered as an underemployed.

Hence,

While computing the official unemployment rate, the Marc is considered as an employed.

4 0
4 years ago
Stock Z has an expected return of 12% with a standard deviation of 8%. If returns are normally distributed, then approximately t
Vesna [10]

Answer:

between 4% and 20%

Explanation:

Given that :

Expected return = 12%

Standard deviation = 8%

The return on stock Z can be calculated thus

Interval = expected return ± standard deviation

Lower boundary = 12% - 8% = 4%

Upper boundary = 12% + 8% = 20%

Hence, return on stock Z will be between 4% and 20%

6 0
3 years ago
Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00
Aleonysh [2.5K]

Answer:

13,6%

Explanation:

The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.

So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.

Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest

\frac{1,360}{10,000}  = 0,136

The effective annual rate on the load is then of 13,6%.

7 0
3 years ago
When an employee is paid biweekly this means..."
denis23 [38]

Answer:

every 2 weeks

Explanation:

done,produced or occurring every 2 weeks

8 0
3 years ago
Match each type of tax with the correct description.
kondor19780726 [428]

Answer:

Explanation:

Tax is a compulsory contribution levied by the government on income earners and the profits of those in business in order to raise funds for public expenditures. It comes in various forms as listed.

Federal income tax : Collected from citizens who pay up to 39.6% of their earnings

Medicare Tax: Used to support health care costs for retiree

State income tax : Collected from citizens in most state

Social security tax: Used to financially support retired people and people with   disabilities

Local income tax: Collected by towns and cities to fund city program

6 0
4 years ago
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