1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GarryVolchara [31]
3 years ago
7

The old Soviet Union devoted enormous resources exclusively to increasing its physical capital​ stock, and yet eventually the in

crease in the​ country's real GDP came to an end. Based on the discussion in the​ chapter, explain why this was inevitable.
Business
1 answer:
GrogVix [38]3 years ago
5 0

Answer:

In the absence of technological​ innovation, massive capital investments yielded diminishing marginal returns.

Explanation:

The economy of the Soviet Union was a command economy where the government decided how resources would be allocated. The four factors of production are land, labor, capital and entrepreneurship. In a command economy, entrepreneurship is virtually nonexistent, so that leaves three factors: land, labor and capital.

The government allocated a lot of resources into increasing the capital factor, but capital factor will always yield diminishing marginal returns unless new technological innovations are developed. During many years, the Soviet Union was the technological leader of the world, but as time passed and with a complete absence of entrepreneurship, technological advances halted.

You might be interested in
You’ve been invited to help a foreign affiliate of your company set next year’s prices. Inflation last year was 5%, the unemploy
kogti [31]

Answer: Above 5%

Explanation:

Unemployment has dropped to record lows which means that more people are able to afford goods and services. This increase in demand will shift the demand curve to the right thereby increasing prices.

Crude oil also rose in price which means that the price of gasoline has risen as well as the price of transport which is a major component of inflation.

Given these factors, inflation is sure to rise above the 5% level of the previous year.

4 0
3 years ago
Dan, and Mike are brothers. They plan to begin savings plans when each is exactly 25. Each brother plans to save $6,000 per year
anzhelika [568]

Answer:

1. How much will Dan have in his traditional IRA account at 67? Follow the proper taxation for this type of retirement account.

A) Amount available to invest after taxes per month?

  • $500

B) Amount in account at age 67?

  • $2,813,492

C) Briefly explain the taxation on withdrawals from a Traditional IRA

  •  IRA contributions are made before income taxes are paid, that is why Dan's monthly contributions are higher. The disadvantage is that Dan's plan will be taxed later.

2. How much will Mike have in his Roth IRA at age 67? Follow the proper taxation for this type of retirement account.

A) Amount available to invest after taxes per month?

  • $375 until 59.5 years old, then $500

B) Amount in account at age 67

  • $2,072,879

c) Briefly explain the taxation on the withdrawals from a Roth IRA

  • Roth IRA contributions are made after income taxes are paid, that is why Mike's monthly contributions are lower. The advantage is that Mike's plan will not be taxed later.

3. If both brothers are expected to be taxed at a 20% tax rate in retirement, which retirement plan will have the best after tax results?

  • In this case, since the tax rate is higher while they are working (25%), than once they retire (20%), the traditional IRA account could make more sense except that since the time span is very long, your account will accumulate a lot of earned interest. The total principal invested into the traditional IRA account is $252,000 and the interest gained is $2,561,492 and that part will be taxed once you start withdrawing money. In order to determine which account would be better, you need to estimate how many years will Dan and Mike live after retiring, the longer they live the best option is the Roth IRA account.  

Explanation:

the formula to determine the future value of an annuity is:

FV = P x [(1 + r)ⁿ - 1] / r

Dan's monthly contribution = $500

Mike's monthly contribution = $500 x (1 - 25%) = $375 until age 59.5, then $500

Dan's n =  42 years x 12 months = 504

r = 9% / 12 = 0.75%

Mike's n = 414 for $375 and 90 for $500

Dan's FV = $500 x [(1 + 0.75%)⁵⁰⁴ - 1] / 0.75% = $2,813,492

Mike's FV = $375 x [(1 + 0.75%)⁴¹⁴ - 1] / 0.75% = $1,052,612

then $1,052,612 x (1.09)⁷°⁵ = $2,008,940

Mike's FV = $500 x [(1 + 0.75%)⁹⁰ - 1] / 0.75% = $63,939

total = $2,008,940 + $63,939 = $2,072,879

7 0
3 years ago
In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve.
Soloha48 [4]

Answer:

  1. Will increase the labor force and the productive ability of the economy, which will shift the LRAS curve to the right.
  2. Will increase the price of oil and its subproducts (gas, plastic, etc.), which will shift the LRAS curve to the left.
  3. Will increase the productivity of the labor force, which will shift the LRAS curve to the right.

5 0
3 years ago
A promotional tool in which a company lets consumers have a small sample of a product for no charge is known as?
ioda

Sampling is the promotional tool in which a company lets consumers have a small sample of a product for no charge.

Sampling is a process utilized in statistical evaluation wherein a predetermined wide variety of observations are taken from a bigger populace. The method used to pattern from a bigger populace depends on the form of evaluation being accomplished, but it can encompass easy random sampling or systematic sampling.

The number one intention of sampling is to create a consultant sample, one wherein the smaller institution (sample) appropriately represents the traits of the bigger group (population). If the pattern is properly decided on, the sample can be generalizable to the populace. there are many methods to attain a sample.

There are most important forms of sampling methods – possibility and non-opportunity sampling. Chance sampling, also known as random sampling, is a form of sample selection in which randomization is used rather than planned desire.

Learn more about the Sampling here brainly.com/question/12892403

#SPJ4

5 0
2 years ago
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for
coldgirl [10]

Answer:

Option (A) is correct.

Explanation:

Given that,

Order costs for pepperoni = $10.00 per order

Carrying costs = 4 cents per pound per day

Lead time for each order = 3 days

Pepperoni itself costs = $3.00 per pound

Total Order = 80 pounds of pepperoni

Demand rate = 20

Total ordering cost = Total order × cost per order

                                = 80 × $10

                                = $800

Length of an order cycle:

=\frac{Order\ quantity}{Demand\ rate}

=\frac{80}{20}

= 4 days

3 0
3 years ago
Other questions:
  • Which of the following best explains what happens when a currency is pegged to the U.S. dollar? A. The U.S. Treasury gets to det
    9·1 answer
  • List and briefly describe the 6 major processes involved in risk management.
    15·1 answer
  • When opening a print shop you need to buy printers, computers, furniture, and similar items. economists call these expenditures
    15·2 answers
  • ABC will purchase a machine that will cost $2,575,000. Required modifications will cost $375,000. ABC will need to invest $75,00
    9·1 answer
  • During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
    7·1 answer
  • Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job intervi
    10·1 answer
  • Suppose the initial inflation rate and inflation target are both 2%, that the real federal funds rate is 2%, and that the econom
    5·1 answer
  • Reynolds Manufacturers Inc. has estimated total factory overhead costs of $96,000 and expected direct labor hours of 12,000 for
    11·1 answer
  • In the project initiation phase, which document contains high-level details of the proposed project?
    9·1 answer
  • Ace Electric's income statement reports Sales of $100,000; Cost of goods sold of $46,000, Operating expenses of $34,000, Interes
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!