Answer:
B.sacrifice consumption goods and services now in order to enjoy more consumption in the future.
Explanation: Tradeoff is a term used in Economics to refer to the sacrifice of a particular quality or goods in order to enjoy the benefits of the use of another.
Tradeoffs are applied in Economic decisions especially in a situation where there are two competing needs, it is applied in order to choose the most urgent and necessary while the other can be considered for a later day or period.
Applying tradeoffs in Economic decisions will lead to an increase of one factor or need which will lead to a decrease in another factor or need.
Answer:
The quantity of newspapers sold will decline if
d. newsprint becomes more expensive.
Explanation:
The reason for this is the demand curve. The demand curve is the relationship between the price of newspaper and the quantity demanded. As price rises, people would have less capacity and willingness to buy newspaper therefore reducing the quantity sold.
Why not other options:
a. magazine prices rise- magazine is a substitute of newspaper and if price of magazine rises then people will start buying more newspaper and therefore increasing the sales of newspaper instead of declining.
b. prices are reduced- If the prices are reduced, more and more people will have capacity to buy newspaper thus increasing sales instead of reduction.
c. the printers' union makes wage concessions- If cost of manufacturing newspaper is decreased(union takes low salaries now), selling price will also be lowered. This will result in increase of sales of newspaper rather than reduction
option a is correct because Outlining will help construct and organize ideas in a sequential manner and thoughtful flow. Doing so allows you to pick relevant information or quotes from sources early on, giving writers steady foundation and groundwork when beginning the writing process.
Answer:
The answer is c. Enter into a forward contract to sell 30,000 euros in 30 days
Explanation:
The risk Golden is facing is the exchange rate risk. Specially, as of the firm's concern, 30,00 euros they will receive in 30 days will not be worth as much as it is now because the Euro is expected to be depreciated against the firm's domestic currency.
So, they may enter into a forward contract allowing them to sell 30,000 euros in 30 days ( take short position in Euro) at pre-determined exchange rate. By doing so, they effectively eliminate the exchange rate risk by lock-in the exchange rate at the day they receive 30,000 euro.
