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3 years ago

Future economic trends are not influenced by economic theories. True or false?

1 answer:

5 0

That statement is false.
Economic theories will determine how companies see the market and will somehow affect the decision that they will make for the market.
This decision will influence the future economic trends because these companies usually are really forward thinkers. From this, we could draw a correlation between future economic trends and economic theories

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Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y

Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

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FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0

3 years ago

A market gap is which of the following?

nlexa [21]

Answer:

Explanation:

.......................................

5 0

4 years ago

A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:Group of answer

RideAnS [48]

Frictional unemployment is the result of voluntary employment transitions within an economy.

5 0

3 years ago

Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an

astraxan [27]

Answer:

The maximum time guaranteed = 19.04 minutes.

Explanation:

From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

So,

Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

Let the maximum time guaranteed is = M

So,

P (Y > M) = 0.05 equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 - P(Y $\leq$ M) = 0.05

P(Y $\leq$ M) = 1 - 0.05

P(Y $\leq$ M) = 0.95

P $(\frac{Y-u}{SD} \leq \frac{M-u}{SD} )$ = 0.95

P ( Z $\leq \frac{M - 15}{2.4}$ ) = 0.95 Equation 2

From the equation 2, we have,

$\frac{M-15}{2.4}$ = 1.644853627

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

So,

M = 1.644853627 + 2.4 + 15

M = 19.04

Hence, the maximum time guaranteed = 19.04 minutes.

6 0

3 years ago

Using _____ information will help you determine whether an industry is expected to increase employment.

zhuklara [117]

Career outlook is the correct answer

3 0

3 years ago

Read 2 more answers