Answer: A. output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
Explanation: from the above question, an economy that is in a steady-state with no population growth or technological change and the capital stock is above the Golden Rule level and the saving rate falls then output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.
<span>The correct statement on Powerpoint slides, which is a presentation of a series of still images on a projection screen or electronic display device, is that: Powerpoint slides can be quite effective and used best when they are used properly as an enhancement to the speaker's presentation.</span>
1. Unions have been in decline since the 1960s because of
Answer: <u>A. foreign competition.</u>
Explanation: Unions were often conducted in the past in order to protect workers from<em> "arbitrary decisions" </em>of employers. Such decisions resulted to the<em> laying off of workers </em>and<em> cutting of wages</em>. On the contrary, business owners have a different goal. They wanted to make more profit by cutting the wages, so they didn't like the unions. However, unions have been in decline in the 1960s, mainly because of international/foreign competitions. This is because the "bargaining power of the unions as they represent the employees were reduced."
2. When a bank evaluates a person for a loan, what does the word "capacity" refer to?
Answer: <u>C. The ability to make payments on time.</u>
Explanation: A bank evaluates a person for a loan according to his "capability to pay" the loaned amount. It is not according to his willingness to pay, but to his<em> "ability to return the money</em>." In order to know whether a person is capable of repaying the money on time, the bank analyzes the borrower's gross income and his debt.
The most important difference of the two or between
businesses in the profit and nonprofit organizations is that in terms of nonprofit
organizations, the organization owners does not make money, while the profit
organizations—it makes money for the organizations’ owners.
Answer: c. $18,000
Explanation:
Provision for doubtful accounts estimate;
= 600,000 * 3%
= $18,000
This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.
