Answer:
1. change in money supply= 500*10=$5000
2. change in money supply = 800*5 = $4000
3. change in money supply = 3000* 2= $6000
4. change in money supply = 500* 10 = $5000
5. change in money supply = 5,000,000*50 =$250,000,000
Explanation:
Change in money supply= change in reserves* money multiplier
money multiplier = 1/ reserve ratio
Answer:
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
Explanation:
Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.
Answer:
False
Explanation:
The industrial revolution resulted in higher standards of livings, better jobs for the working class, and generally speaking a much more comfortable life for most of society's members.
Manufactured products started to lower their prices since total output increased, and common middle class working people were able to purchase them.
European nations became dominant, especially the United kingdom. For the first time in history, China was not the most powerful nation in the world.
The positive effects of the industrial revolution were felt by the middle class, factory owners, business people (bourgeoisie), landowners and governments.
Of course not everything was good, a lot of negative effects came along with the industrial revolution. When cities started to grow due to migration from the countryside to large cities, slums were created, child labor became common and the differences in educational level increased. Working conditions in the factories were not that good either, with long hours and conditions that would currently be considered inhumane.
A shift to the right (or outward) in a ppc/ppf represents expansion, which may be brought about by better utilizing current resources (improved technology) or by gradually acquiring more resources.
The Production Possibility Frontier (PPF): What Is It?
The production possibility frontier (PPF) is a graphed curve that shows the possible output of two items whose production is reliant on a single finite resource. The PPF is often referred to as the production possibility curve.
PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness.
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