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garik1379 [7]
3 years ago
5

Mark and Ryan just moved into their first apartment together and they want top buy a flat screen TV for the living room. They bo

th work but between college tuition, books and rent their funds are running low. Mark decides to take advantage of a financing offer from a local electronics store and buys the TV on a line credit. [is this a good or bad debt move and why?]
Business
1 answer:
MArishka [77]3 years ago
8 0

This is a bad financial move for several reasons:

  • He doesn't have the money to pay back the loan now, and will not magically get more money later (even if he gets paid soon he already has more rent and other expenses to pay)
  • If it is a high-interest loan and he makes the minimum payment each month, the interest will continue to grow and it will get harder and harder to pay off
  • A TV that you owe money on is a liability not an asset. Borrowing money to get a car that you use to drive to work and earn money is one thing, but borrowing money to but a TV that will never earn you money is not a wise decision.
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melomori [17]
To make sure you don't get any large amount of fees, and there are no miscommunication with your bank.
7 0
3 years ago
Read 2 more answers
Complete the statements about the following three theories for the upward slope of the short-run aggregate-supply curve.
Strike441 [17]

Answer:

high,high

not all prices adjust quickly

below

Explanation:

According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too high, thus labor demand is too high.

Real wages decline as nominal wages are adjusted. As a result, the economy returns to full employment

According to the sticky-price theory, the economy is in a recession because not all prices adjust quickly.

As people observe the lower price level, the economy returns to the long-run aggregate supply curve.

According to the misperceptions theory, the economy is in a recession when the price level is below what was expected.

As people observe the lower price level, their expectations adjust.

6 0
3 years ago
A thief steals an ATM card and must randomly guess the correct three​-digit pin code from a 9​-key keypad. Repetition of digits
Dennis_Churaev [7]

Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

Explanation:

Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

This shows us that the thief has a 0.11% probability of hitting the key on the first try.

7 0
3 years ago
Which statement is correct? a. Producers are "Kings" in a market economy because they determine what is produced. b. Freedom of
Gala2k [10]

Answer:

B) Freedom of choice and enterprise are essential elements of the market system.

Explanation:

A free market system is a system where private parties (suppliers and consumers) decide how resources will be allocated. Consumers are free to decide whether they like or not a product and whether they will purchase it or not. On the other hand, producers are free to decide whether to produce one product or a totally different one, and at what price they want to sell it. Te free market system is extremely efficient in getting goods to consumers that value them the most.

There are no kings in a free market system, and though it is very efficient in creating overall wealth, it is not efficient in distributing wealth and income.

7 0
3 years ago
It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by?
NemiM [27]

It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by ​attracting water into the cell through increased electrolyte concentrations.

The current density necessary to achieve passivity in a specific metal electrolyte system depends on the electrolyte concentration. When iron and sulfuric acid are combined, the current density necessary for passivity falls as the sulfuric acid concentration rises.

When dissolved in water, chemicals known as electrolytes acquire a natural positive or negative electrical charge. Since the average adult's body includes 60% water, electrolytes are present in almost all of the body's fluids and cells. They support a variety of bodily functions, including maintaining the harmony of fluids within and outside of your cells and regulating chemical processes.

Learn more about electrolyte concentrations here:

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4 0
2 years ago
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