Answer:
a. the difference between deficits and surpluses
Explanation:
A deficit is barely the negative interpretation of surplus. For example put up with a nation’s revenue, subtract its expenditures, you get the difference which maybe deficit or surplus. When is deficit, show that there need to borrow and that is how federal debt are derived.
Answer: The projected benefit obligation is $494 millions
Explanation:
Using the formula
Closing PBO = Opening PBO + S + I -B ± A
Where PBO = Projected Benefit Obiligation, S = service cost, I = interest cost, B = Pension benefit paid, A = Gain due to changes in actuarial assumptions
Interest cost = 5% of 460
= (5÷ 100) = 0.05 × 460
= 23
Closing PBO = 460 + 48 + 23 - 23 - 14
= $494
There is an increase in the Projected benefit obligation to $494 million
Answer:
B) no competitive producer of the same product
Explanation:
Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.
Characteristics of a Monopoly
1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.
2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.
3) Unique product: The product sold in a monopoly are unique have little or no close substitute.
4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.
5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.
6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.
C, the month you’re born has noting to do with it and the done really pay attention to where you live!
A rise in the domestic real interest rate would cause a fall in net exports and a RISE in the exchange rate.
In general, businesses and consumers spend less when interest rates are high. This is because borrowing money costs more when interest rates are high. As a result, companies frequently turn to the stock market to raise money, which can cause stock values to decline.
An increase in interest rates causes the local currency to appreciate. In comparison to domestic goods and services, import prices decline. Exports see a decline in profitability and competition. Exports decline while imports rise, reducing the net export portion of total demand and spending.
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