Answer:
Besides being quite incompetent, President Hoover was probably out of touch with reality. He argued that people were out of jobs because they were looking for better jobs, like selling apples.
President Roosevelt, who was the complete opposite of his predecessor, believed in the Keynesian theory of government, and increased government spending with the New Deal. His New Deal policy helped the economy rebound from the Great Depression and the start of WWII also helped the US economy. This increase in government spending helped to create new jobs and businesses, plus other social advances (e.g. social security, unemployment benefits, etc.).
If you want to compare both presidents, Hoover would be as dark as a black hole and Roosevelt as bright as the sun.
Answer:
B
Explanation:
- The Semiannually total interest Payable will be calculate as
30*2 = 60 Semiannual Times Payments
- Interest Payments
$9,000,000*8%/2=$360,000
- So the Total payments will be paid semiannually 60 times $360,000 with the principle amount $9,000,000
Answer:
See notes below
Explanation:
Rate variance
The rate variance is the the difference between the standard labor cost of the actual hours paid for and the actual cost.
<em>Possible reasons:</em>
An increase in wage rate
Skilled workers were as against using the unskilled workers planned for
Efficiency variance
Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate
<em>Possible reasons:</em>
The use of skilled workers who worked faster than the unskilled workers planed for
The workers were trained making them more efficient in saving time
The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.
<h3>
What is negative amortization?</h3>
A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.
Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.
Hence, the significance of negative amortization is aforementioned.
Learn more about negative amortization here:
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Answer:
The correct answer is letter "D": the more substitutes a good has.
Explanation:
Price elasticity of demand is the result of the relation between changes in price and quantity demanded for a good or service. <em>Price elasticity of demand is calculated dividing the percentage change in quantity demanded by the percentage change in price.</em> If the result is equal to or greater than 1, the demand is elastic. This situation implies a minimum change in price will affect by far the quantity demanded of that good or service.
Thus,<em> products with many substitutes are elastic because a minimal change in their price would represent a large change in quantity demanded since consumers will find similar products that satisfy their needs in the same proportion.</em>
