Answer:
The number of firemen employed will decrease while the wage of firemen will decrease
Explanation:
In an economy when there is an alternative or substitute that enters the market it results in reduction of demand for that product because some consumers will go for the other good.
In this scenario where building codes change to require firewalls and sprinklers to be included in all new construction, there will be a reduction in the demand for firemen. So number of firemen employed will be less.
This is because there is an alternative to using firemen now (firewalls and sprinklers).
Supply of firemen will remain the same, so more people are now competing for less jobs.
They will be more willing to take less wages than before so wages will reduce.
The correct option is B.
There are three basic types of research, these are primary, secondary and tertiary research. A primary research is a type of research in which data, which are the first of its kind are generated. Secondary research on the other hand is the type of research that is carried out based on the summary and the synthesis of the information gathered from primary research.
The reports generated by the government agencies and the local chamber of commerce in the question given above are examples of data generated via primary research
Answer:$31,379
Explanation:Applying the
Fishers international effect
1+Ic/1+Ib=S1/S0
Where Ib represents the interest rate in base country which is Japan in this case
Ic represents the interest rate in counter country in this case,US
S0 is the base spot rate or exchange rate at the moment while S1 is the spot rate at the end of the coming year
Ic =3%=0.03
Ib=1%=0.01
So=145
Substituting in the formula
1.03/1.01=S1/125
Cross multiplying
S1=125(1.03)/1.01=127.475
So price in US at spot 127.475 will be ¥4,000,000/127.475=$31,379
I think its called an investment.
Answer:
Selecting
Explanation:
The answer has been added into the question in this paragraph. It is in bold letters. Opportunity recognition is the process of identifying, <u>selecting</u>, and developing new venture opportunities.
when we talk about opportunity recognition we are talking about the ability to perceive new ideas, opportunities for a business or venture. as well as also being on the lookout for ways to improve. a person could just come up with new money making venture, or he could come up with ways to improve an existing venture.
