I believe the answer is: citizens choose to trade goods or services for something else of value
Voluntary exchange could only happen if both parties involved are willingly committed to a certain type of transaction because they both genuinely believe that they will benefited from a the transaction. Examples of a voluntary exchange would be when a kid choose to spend their daily allowance to purchase his favourite candy.
Answer:
2.95% and 2.87%
Explanation:
The computation of the approximate real rate and the estimated real interest rate is shown below:
The Approximate real rate is
= Historic annual nominal risk free rate - Annual inflation rate
= 5.71% - 2.76%
= 2.95%
And, the estimated real interest rate is
= (1 + historical annual nominal risk free rate) ÷ (1 + annual inflation rate) - 1
= (1 + 0.0571) ÷ (1 + 0.0276) - 1
= 2.87%
We simply applied the above formulas so that each one could be determined
Answer:
The material cost per unit is not used in the computation of equivalent units of production.
The correct answer is D
Explanation:
The percentage of completion of inventory in progress. the number of units transferred out and the number of units stated and completed are used in the computation of equivalent units of production.
Using an adjustable wrench can save time when you are working with different types of sizes of nuts/bolts.