Answer:
b) How well you understand and use personal finance information
Explanation:
Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.
Lack of financial resources and corruption
Answer:
B
Explanation:
GDP is gross domestic product. meaning a total of all goods bought and sold in a country. this is not useful from an investment standpoint as the scope is to large. D is not true it measures only domestic not foreign product and.
Answer:
1.37
Explanation:
Kwinzee shipyard multifactor productivity ratio
500 workers x 40 per hour x 40 hours per week x 26 numbers of week
= 20,800,000
Production cost = 32,000,000
Overhead = 2,000,000
=20,800,000+32,000,000+2,000,000
=54,200,000
Sales price = 75,000,000
Hence:
75,000,000/54,200,000
= 1.37
Therefore multi-factor productivity ratio will be 1.37
Answer:
a. A monopoly involves a one market or a few major firms.
b. The monopolist can charge any price she wishes and still operate at maximum profit.
d. The monopolist is a "price taker." The monopoly is normally a huge firm such as Wal-mart.
Explanation:
- The market structure of monopoly is characterized by profit maximization, higher barriers to entry, price makers i.e they decide the price of the goods to be sold in the market. Thus create price discrimination and the existence of a single seller.
- Sources of monopoly power are economies of scale, economic barriers, legal barriers, and non-substitutable goods.
