In any field of study, people always start with the ideal scenario in order to eliminate external factors that could only add complexities. Then, when we fully understand the concepts, the calculations gradually evolve to more complex ones to cater to realistic problems.
The basic assumptions that economists do are the following
1. People always have preferences on a set of outcomes and this can be determined through the quantity and quality of their value
2. People always maximize utility or the satisfaction you get out of buying and using the product.
3. Businesses always maximize profit.
Answer:
b). Positive
Explanation:
The nature of the balance of trade if imports are of manufactured goods is POSITIVE
Considering that Balance of trade is a term that is used to describe the difference between the imports and exports value of a country over a given period.
Hence, when a country manufactured goods instead of importing them, the balance of trade is believed to be Positive.
On the other hand, when a country imports goods instead of manufacturing them, the balance of trade is believed to be negative.
The document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
Mastery Promissory Note (MPN) is a document that contains the rights and responsibilities of an individual getting a federal student loan.
Generally, students are expected to sign this document after getting a federal student loan.
It serves as a legally binding agreement that the student will pay back their loan.
Hence, in this case, it is concluded that the document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
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Answer:
$12,000
Explanation:
The computation of the preferred dividend in the case when the preferred stock is cumulative is given below:
= Dividend percentage × par value of each share × number of shares issued × number of years
= 5% × $50 × 1,200 shares × 4 years
= $12,000
Hence, the preferred dividend in the case when the preferred stock is cumulative is $12,000
