Answer:
The correct answer is: non-bank public increases its holdings of currency outside the banking system.
Explanation:
A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.
The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.
Answer:
Part 1: The correct option is False.
Part 2: The correct option is False.
Explanation:
<em>For the first Question</em>
The correct answer is False as GDP has increased due to women participation in workforce.
<em>For the second Question</em>
The correct answer is False as the change in measure of well being is less than the change in GDP.
Answer:
d. 6,700 units
Explanation:
The computation of the equivalent units for conversion cost by using the FIFO method is shown below:
= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage
= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%
= 500 + 5,000 + 1,200
= 6,700 units
We simply applied the above formula
The answer is $6200.00
Based on https://taxfoundation.org/2014-tax-brackets/
The standard deduction single based on the source is $6200. Tax exemptions for singles are up to $52,800. The threshold on this tax is an annual salary of $254,200. Higher salaries would have higher tax deductions. Once a single tax holder enters $376,700 the person would no longer be included for higher exemption because of the gross compensation increase.
Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.
