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3 years ago

What is global economy

Business

1 answer:

AURORKA [14]3 years ago

7 0

The term “Global Economy” is a term that refers to all of the economies of the world.

Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.

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Under contract law, a promise not to do something that a person could otherwise do __________. is only deemed legal consideratio

trasher [3.6K]

Answer:

is called a forbearance and is adequate legal consideration for a contract.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.

For example, a creditor who decides to forebear by refusing to collect money from a debtor.

5 0

3 years ago

Everfi module 8 which type of password would be considered secure

Kisachek [45]

A secure password is what a website considers secure. Depending on the requirements of the website the requirements for the password to be considered secure could differ. It's smart to make sure a password doesn't contain any important information within the password and that it is unique to you. You also want to make sure it's not something someone can easily guess.

7 0

3 years ago

Producers use marketing intermediaries because they ________.

Goryan [66]

Answer:

A) create greater efficiency in making goods available to target markets

Explanation:

While producers usually focus on getting raw materials at efficient cost and optimize the production process in a bid to stay profitable, intermediaries such as wholesalers and distributors are usually engaged to ensure that the products are properly distributed and available in the target market of consumers.

Intermediaries usually bring the goods from the producer to the consumer through the intermediaries distribution networks.

6 0

3 years ago

A homeowner could take out a 15-year mortgage at a 5.5 percent annual rate on a $195,000 mortgage amount, or she could finance t

Montano1993 [528]

Answer:

The amount of total interest over the entire mortgage period could she save by financing her home with the 15-year mortgage is $138,612

Explanation:

First find the total interest on the 30-year mortgage:

PV = 195,000

N = 360

FV = 0

I = 6.1/12 = 0.5083

195,000 = PMT × PVIFA (0.061/12, 360 months); (in excel)

PMT of 1,181.69 × 360 = 230,408;

Next find the total interest on the 15-year mortgage:

PV = 195,000

N = 180

FV = 0

I = 5.5/12 = 0.4583

195,000 = PMT × PVIFA (0.055/12, 180 months); (in excel)

PMT of 1,593.31 × 180 = 91,796;

The amount of interest saved is: $230,408.34 − $91,796.29 = $138,612.05

7 0

3 years ago

Suppose there are only two types of goods to consume: food and leisure. An average Californian citizen has a daily income of $10

Juliette [100K]

Answer:

Californian citizen

Explanation:

For a Californian citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:

$M_C = \frac{\$100}{\$20} =5\\L_C = \frac{\$100}{\$10} =10$

For a Mississippi citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:

$M_M = \frac{\$50}{\$10} =5\\L_M = \frac{\$50}{\$10} =5$

Both citizens can acquire the same number of meals, but the Californian citizen can acquire twice as many units of leisure than the Mississippi citizen. Therefore, the Californian citizen is more well-off in terms of the bundles of goods they can consume.

8 0

4 years ago