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hoa [83]
3 years ago
7

This 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals

to succeed economically, which are the same forces that "invisibly" guide a large economy.this 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals to succeed economically, which are the same forces that "invisibly" guide a large economy.
Business
1 answer:
ipn [44]3 years ago
8 0
This 18th-century economist is Adam Smith who is hailed the Father of Economics. In his 1776 book  "An Inquiry Into the Nature and Causes of the Wealth of Nations" Smith argues that society benefits in a free economy in which individuals are motivated by their own self-interest which unintentionally benefits society as a whole. Smith's aim using the term moreover was to attack the mercantilist system which was prevalent during his time. 
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A bank has the following balance sheet: SETS RETURN % MILLION $ LIABILITIES COST % MILLION $ Cash 0.00 35 Fixed-rate Deposits 3.
snow_tiger [21]

Answer:

$1,140,000

Explanation:

Calculation to determine what the bank's NII will change by

First step is to calculate the bank's one-year repricing gap

Using this formula

Repricing gap=RSAs - RSLs

Where,

RSAs =Securities+Short-term loans

RSLs =Variable-rate Deposits+Fed funds

Let plug in the formula

($ Million)

Repricing gap=[$300 + $225] - [$260 + $75]

Repricing gap=$190

Now let calculate what the bank's NII will change by

Using this formula

Change in bank's NII=Repricing gap*Interest rates

Let plug in the formula

Change in bank's NII=$190,000,000*0.0060

Change in bank's NII =$1,140,000

Therefore If the spread effect is zero and all interest rates increase 60 basis points, the bank's NII will change by $1,140,000

7 0
2 years ago
What is the difference between direct and indirect competition?
elena55 [62]

Answer:

Direct competitors offer similar producst, Indirect competitors offer substitutes

Explanation:

Direct competition is when a business and its rivals provides similar goods or services and target the same clients. Since direct competitors offer the same products and services, they compete on other aspects such as price, quality, and service. Examples, two bakeries that produce bread and pastries are direct competitors.  Gas stations adjacent to each other are direct competitors as they both sell the same products. The same can be said of two companies providing internet services in the same town.

Indirect competition involves competing for the same customers in the same market but with slightly different products.  The goods and services offered by indirect competitors are similar or substitutes. Indirect competitors offer solutions to customers with similar needs. A fast-food shop and a restaurant are indirect competition. A customer who needs to eat may choose between having a snack or a meal from only one of two.   A bus company and taxi providers are indirect competitors.

8 0
3 years ago
Waterfall Company sells a product for $150 per unit. The variable cost is $80 per unit, and fixed costs are $270,000. Determine
Valentin [98]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Waterfall Company sells a product for $150 per unit.

The variable cost is $80 per unit

The fixed costs are $270,000.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 270,000/ (150 - 80)= 3,857 units

Now, we have to include the desired profit in the formula:

Break-even point= (fixed costs + desired profit)/ contribution margin

Break-even point= (270,000 + 36,000)/ 70= 4,371 units

7 0
3 years ago
Read 2 more answers
Question 22
natulia [17]

Answer:

You want to "beat the market" with the return on your investment

Explanation:

The SP 500 is a good example of diversified portfolio investment. Investing in the index fund is less costly compared to other investment instruments.  The SP 500 is considered the benchmark of investment returns in the US. Any attempts to perform better than the SP 500 is termed as trying to "beat the market."

Investors prefer good stock indexes like the SP 500 because they represent diversified investments. They spread risks in many sectors of the economy. Stock indexes have low investment costs and don't need close contact monitoring. Trying to "beat the market" with stock indexes is a daunting task. Any investor who attempts it will end up very frustrated.

4 0
3 years ago
Select the incorrect statement regarding the relationship between cost behavior and profits.
givi [52]

Answer:

C. In a pure fixed cost structure, the unit selling price and unit contribution margin are equal.

Explanation:

In Accounting, cost behavior is an indication of how costs in a firm reacts to change in activity levels. There are basically three types of cost behavior; fixed costs, variable costs and semi-variable costs.

The relationship between cost behavior and profits are;

- A pure fixed cost structure offers more security if volume expectations are not achieved.

- In a pure variable cost structure, when revenue increases by $1, so do profits.

- A pure variable cost structure offers higher potential rewards.

3 0
3 years ago
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