The second year of high school is Sophomore year.
Answer:
B. Natural barriers cannot prevent the entry of new firms.
Explanation:
Natural barriers cannot prevent the entry of new firms as firms should be free to enter and exit the industry. Every firm's actions or dealings influence the profits of all the other firms.
The TRUE statements about recession are as follows:
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
<h3>What are recessions?</h3>
Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.
Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.
Thus, the true statements about recessions are <u>Options A and C</u>.
Learn more about recessions at brainly.com/question/532515
Answer:
a) the South reaped all the profits from the cotton trade.
Explanation:
Cotton grown in the southern states of the US helped to start the industrial revolution in the United Kingdom and northern states in the US. Even though cotton was not grown in northern states, the factories that processed cotton were located there. The south provided the raw materials and the north provided the final processed goods.
Answer:
D.$3,950
Explanation:
Production = ($10,285 + $9,800 + $8,800) ÷ 5,450units
=$28,885÷5,450 units
= $5.3per unit
COGS = 3,300 units sold × $5.3 per unit
= $17,490
Net income = Revenue − Cost of goods sold − Selling and administrative expenses
Net income = (3,300 units × $7.80 per unit) − (3,300 units sold × $5.3per unit) − $4,300
=(25,740-17,490)-$4,300
= 8,250-$4300
=$3,950
Therefore Silverman's net income for the first year in operation is $3,950
