The transition to Stage 2 is still a comparatively recent
phenomenon in human history. Not until the Industrial Revolution did the first
countries make the transition from Stage 1 to Stage 2. Still, there are a sum
of countries that continue in Stage 2 of the Demographic Transition for a range
of social and economic reasons, including much of Sub-Saharan Africa,
Guatemala, Nauru, Palestine, Yemen and Afghanistan.
Countries making the transition to Stage 3 all have some
relative steadiness – economic, social or political. It has been discussed
whether or not these factors influence birth and death rates or if birth and
death rates influence a country’s development. Regardless, stable population
growth provides important advantages for a country, offering opportunities to
strengthen its economy as a noticeable number of its citizens will be in their
working years. As such, Stage 3 is often watched as a marker of significant
development. Examples of Stage 3 countries are Colombia, Botswana, India,
Jamaica, Kenya, South Africa, Mexico, and the United Arab Emirates, just to
name a few.
Answer:
The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.
For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.
Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).
The answer is C which you did spell wrong but that is ok
Answer: 14.59%
Explanation:
The Internal Rate of Return(IRR) is the discount rate that brings the Net Present Value to zero. It is used to decide the viability of projects. The project is generally considered viable if the Cost of capital is less than the IRR.
You can use Excel to calculate the IRR;
= IRR(-15,800,6,500,7,800,6,300)
From the picture attached you can see that the IRR is 14.59%
