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3 years ago

Describe the role that workers play in the game of economics.

1 answer:

4 0

They function as consumers and producers because while they work, they are creating goods/ providing services that contribute to the economy. When they get paid, they become consumers who buy goods/pay for services.

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The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre

forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0

3 years ago

DLW, Inc just started its business. DLW purchased factory equipment for $800,000 on January 1. It is estimated that the equipmen

igor_vitrenko [27]

Answer:

Annual depreciation= $77,000

Explanation:

Giving the following information:

Purchase price= $800,000

Salvage value= $30,000

Useful life= 10 year

Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.

We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (800,000 - 30,000)/10

Annual depreciation= $77,000

6 0

3 years ago

Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply the housing. Assumin

Allisa [31]

Answer:

,000 new apartments will make the equilibrium price = $1,500
10,000 new apartments will make the equilibrium price = $1,000
15,000 new apartments will make the equilibrium price = $500

Explanation:

Rent Demand Supply

2,500.00 10000 15000

2,000.00 12500 12500

1,500.00 15000 10000

1,000.00 17500 7500

500.00 20000 5000

The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:

5,000 new apartments will make the equilibrium price = $1,500
10,000 new apartments will make the equilibrium price = $1,000
15,000 new apartments will make the equilibrium price = $500

8 0

2 years ago

An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a

gizmo_the_mogwai [7]

Answer:

B)an offset.

Explanation:

4 0

3 years ago

Nathan’s Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. Al

Oksi-84 [34.3K]

Answer and Explanation:

The computation is shown below:-

Particulars Cumulative Non Cumulative

Preferred dividends for 2018 $10,000 $10,000

Preferred dividend in

arrears for 2017 $10,000 $0

Remaining Dividends to

Common stockholders $2,000 $12,000

Total Dividends $22,000 $22,000

Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage

= (2,000 × $100) × 5%

= $10,000

6 0

2 years ago