<span>Basis of the given information for an economy in 2016.
Dollar value of resource extraction activity = $20 billion Dollar value of production activity = $50 billion
Dollar value of distribution activity = $80 billion Dollar value of final output = $110 billion
Gross output for this economy in 2016 equals $260 billion.</span>
Answer:
b.Scarce for households and scarce for economies
Explanation:
- A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.
Answer:
The amount to be paid for the contract today = $220,908.32
Explanation:
<em>The amount to be paid for the contract today will be equal to the present value of the annuity of $22,500 payable for 20 years discounted at a rate of 8% per annum.</em>
Present Value = A ×( 1 - (1+r)^(-n))/r
A- 22,500, r- rate of return - 8%, n -no of years 20 years
PV = 22,500 ×( 1-(1.08)^(-20) )/ 0.08
PV = 22,500 ×9.8181
PV = $220,908.32
The amount to be paid for the contract today = $220,908.32
Answer:
Total cost= $24,000
Explanation:
Giving the following information:
Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.
Total cost= direct material + direct labor + manufacturing overhead
Total cost= 12,000 + 500*18 + 6*500= $24,000
<span>FDR responded to the threat of Randolph's protest by organising the Fair Employment Practices Commission. This was a wartime government agency that investigated complaints and worked to reduce workplace discrimination. Today, we have the EEOC (Equal Employment Opportunities Commission).
Short answer: The FEPC helped convince FDR.</span>
