Answer:
Option (A) is correct.
Explanation:
Given that,
Amount withdraw by Pete Mills = $10,100
Mutual charges on amount withdrawn = 6%
Therefore, the dollar amount of the withdrawal charge;
= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund
= $10,100 × 0.06
= $606.00
Hence, the correct answer is $606.00
Answer:
D. Copper is a scarce resource, which increases its value.
Explanation:
Scarcity determine how much a certain type of resources is available. When the resources become less available, The price of that resources tend to increase.
Since producing copper is way harder than producing plastic, Producer needs a way to accommodate the bigger efforts that they need to make to produce the copper. This justify why the price of copper is higher.
Answer:
b. each person evaluates the situation according to his/her individual self-interest.
Explanation:
This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.
Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.
Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.
Answer:
D. nominal interest rate minus the inflation rate.
Explanation:
The real interest rate has been adjusted for inflation.
If nominal interest rate is 6% and inflation is 2%, then the real interest rate would be 4%.
I hope my answer helps you
