The Catch-up notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics . According to the catch-up effect idea, which is based on the finding that less developed economies grew more quickly than wealthier nations, all economies would eventually converge in terms of per capita income.
Or, to put it another way, the less developed economies will figuratively "catch-up" to the stronger ones. The theory of convergence is another name for the catch-up effect. The Opening up their economics to free trade and building the social capacities.
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Yes, because obstacles are not something people choose on their own. So instead of naming people according to their disabilities, it makes more sense to say they have a disability.
Answer:
C) Make its demand curve more inelastic
Explanation:
A product is inelastic if the demand for it does not change a lot when price changes. For example, gasoline is a perfect example of a good with inelastic demand because customers buy gasoline even if the price rises.
A firm will always want to have inelastic products because this will assure revenue even if production costs have to be raised, and the sales price therefore increases.
Advertising can achieve that by increasing brand loyalty, product differentiation, or good perception about the product. Customers may feel that no matter how high the price is, the product is worth it.
Answer:
A. 300
Explanation:
the difference in demand and the closing inventory
= 1000 - 900
= 100
And 20% of the demand (2000) = 200
the safety stock = 200 + 100
= 300
Therefore, The the beginning inventory is 300.
Answer:
E
Explanation:
Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.
Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.
The interest or discount rate is factored into the present value of the annuity in order to derive the future value.
